Based on the provided data, Italian cheese consumption in the US is forecasted to increase from 16.86 pounds in 2024 to 17.6 pounds by 2028. The year-on-year variation shows a gradual yet consistent growth: 1.13% from 2024 to 2025, 1.12% from 2025 to 2026, 1.05% from 2026 to 2027, and 1.03% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) stands at approximately 1.08%. In 2023, the baseline consumption was 16.68 pounds.
Future trends to watch for:
- Potential shifts towards gourmet and specialty cheeses may accelerate consumption growth.
- Health-conscious trends could affect consumer preferences, driving demand for organic and low-fat Italian cheeses.
- Economic factors, such as inflation and disposable income, could influence cheese purchasing patterns.
- Trade policies and tariffs on imported goods may impact Italian cheese availability and prices.