The processed cheese market in Italy has shown a significant decline over the past decade. From 84.65 million kilograms in 2013 to 71.985 million kilograms in 2023, the market decreased mainly between 2014 and 2023 with occasional minor upticks. This represents a 15% decrease over this period.
In recent years, the market experienced a consistent but gradual decline. In 2022, the market stood at 72.653 million kilograms, showing a -0.93% change year-on-year. From 2022 to 2023, there was a further -0.92% decline. The past five years have seen an average annual decline (CAGR) of -1.41%.
Future trends to watch for:
- The forecasted five-year CAGR from 2023 to 2028 is -0.79%, indicating a slower decline compared to previous years.
- Continuous health trends and dietary shifts toward more natural food products may further impact the processed cheese market negatively.
