Soft cheese production in Spain has shown a general upward trend from 36.2 thousand metric tons in 2013 to 77.73 thousand metric tons in 2023. Notably, 2023 marks a critical point standing at 77.73 thousand metric tons. The most significant year-on-year growth occurred in 2020, registering a 25.05% increase, while the production dropped slightly by 6.83% in 2019. The industry demonstrated resilience and recovery, with a 16.21% increase in 2021 and a 2.7% rise in 2023. The CAGR over the last five years stands at 7.32%, indicating strong growth momentum.
From 2024 onward, the industry is forecasted to continue its growth with a 5-year CAGR of 2.05%, projecting a production level of 88.39 thousand metric tons by 2028. This forecast suggests a 10.65% growth rate over this period, continuing an overall positive trend but at a decelerating pace compared to earlier years.
Future trends to watch include:
- Potential market saturation and its impact on growth rates.
- Shifts in consumer preferences towards plant-based alternatives.
- Technological advancements in cheese production that could increase efficiency and reduce costs.
- Regulatory changes concerning dairy production and food safety standards.
