In 2023, American cheese production in the US stood at 5.61 billion pounds. The forecasted figures for the next five years indicate a consistent growth pattern:
- 2024: 5.7 billion pounds, a 1.61% increase year-on-year
- 2025: 5.79 billion pounds, a 1.58% increase year-on-year
- 2026: 5.88 billion pounds, a 1.55% increase year-on-year
- 2027: 5.96 billion pounds, a 1.36% increase year-on-year
- 2028: 6.05 billion pounds, a 1.51% increase year-on-year
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.51%, indicating steady growth.
Future trends to watch for include advancements in cheese production technology, changes in consumer preferences towards health-conscious and specialty cheese options, and potential impacts of regulatory policies on dairy farming and production processes. Monitoring these trends could be crucial for market strategies and planning.