Market Insights Consumer Food Dairy Products & Eggs

Cheese - Gambia

Gambia

Revenue in the Cheese market amounts to €0.91m in 2024. The market is expected to grow annually by 10.36% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€29,380m in 2024).
In relation to total population figures, per person revenues of €0.32 are generated in 2024.
In the Cheese market, volume is expected to amount to 150.30k kg by 2029. The Cheese market is expected to show a volume growth of 6.4% in 2025.
The average volume per person in the Cheese market is expected to amount to 0.0kg in 2024.

Key regions: China, South Korea, Russia, United Kingdom, India

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Cheese Market in Gambia, within The Food market, is experiencing subdued growth due to various factors such as limited consumer awareness, high production costs, and lack of modern technologies. Nevertheless, it is expected to witness a gradual growth in the coming years.

Customer preferences: As consumers in Gambia become more health-conscious, there has been a noticeable increase in demand for healthier cheese options, such as low-fat and organic varieties. This trend is also influenced by the growing awareness of the negative effects of consuming processed foods. Furthermore, the rise of veganism and lactose intolerance among certain demographics has prompted a shift towards plant-based cheese alternatives.

Trends in the market: In Gambia, the Cheese Market is experiencing a growth in demand for artisanal and specialty cheeses, as consumers become more health-conscious and seek out unique and high-quality options. This trend is also seen in other developing markets, such as India and China, as rising incomes and westernization of diets drive demand for premium cheese products. This trajectory is significant for industry stakeholders, as it presents opportunities for expansion into new markets and diversification of product offerings. However, it also poses challenges in terms of supply chain logistics and pricing strategies. As such, companies in the Cheese Market must carefully navigate these trends to remain competitive and meet the evolving demands of consumers.

Local special circumstances: In Gambia, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by cultural preferences. Cheese is not a traditional part of their cuisine, leading to a lower demand compared to other markets. Additionally, limited access to refrigeration and storage facilities affects the availability and variety of cheese products. These factors have created a niche market for imported specialty cheeses, catering to expats and tourists. Furthermore, strict import regulations and high import taxes also impact the pricing and availability of cheese in the market. Overall, the unique cultural and regulatory circumstances in Gambia play a significant role in shaping the dynamics of the Cheese Market within the Dairy Products & Eggs Market in The Food market.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Gambia is impacted by several macroeconomic factors. One key factor is the country's economic health, which is currently facing challenges due to the COVID-19 pandemic. The decline in tourism and remittances has led to a decrease in consumer spending, affecting the demand for dairy products including cheese. Additionally, the country's fiscal policies and trade agreements may also impact the market, as import tariffs and trade restrictions can affect the availability and cost of imported cheese. Furthermore, global economic trends, such as fluctuations in milk prices and changes in consumer preferences, can also influence the performance of the cheese market in Gambia.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.