The processed cheese market in Poland has experienced significant fluctuations over the past decade. Starting at €220.29 million in 2013, it saw a sharp decline to €148.55 million by 2017. The market experienced a brief recovery in 2019 and 2020, with values reaching €159.19 million. However, a downward trend resumed, culminating in a market size of €143.76 million in 2023. Year-on-year variations show notable drops especially in 2014 and from 2022 to 2023. Over the last five years, the CAGR was around 0.66%, indicating slight growth due in part to early recovery years.
Looking forward, the market is forecasted to continue its decline, reaching €100.84 million by 2028. This represents a negative CAGR of -5.67% and a forecasted five-year growth rate of -25.3%.
Future trends to watch for include:
- Consumer preferences shifting towards healthier and more natural food options.
- Impact of economic factors and inflation on consumer purchasing power.
- Innovation in product offerings and marketing strategies by cheese manufacturers.
- Regulatory changes affecting the dairy industry.