In 2023, the domestic consumption of cheese in the US stood at 6.19 million metric tons. Forecasted consumption from 2024 to 2028 shows a consistent upward trend, with values of 6.26, 6.33, 6.4, 6.47, and 6.54 million metric tons respectively. The year-on-year percentage variations are approximately 1.12% for 2024, 1.04% for 2025, 1.11% for 2026, and 1.09% for 2027. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is around 1.09% indicating a steady expansion in cheese consumption.
Future trends to watch for:
- Increased consumer interest in gourmet and specialty cheeses.
- Growth in plant-based cheese alternatives impacting traditional cheese consumption.
- Health-conscious trends driving demand for low-fat and organic cheeses.