The non-processed cheese market in Italy demonstrated robust growth from 2014 onwards, recovering from initial declines with a significant upward trend. By 2023, the market size was valued at €9.5935 billion. Over the previous decade, the market showed particularly strong increases from 2016 to 2023, driven by consumer demand and perhaps evolving dietary trends.
Year-on-year variations confirmed this steady growth: average annual increases hovered around 7% in recent years, peaking at 23.5% in 2016. The last five-year CAGR stood at 6.4%, reflecting a healthy market expansion.
Looking forward through 2028:
- Forecast predicts continued market expansion, albeit at a slower pace with a forecast 5-year CAGR of 4.27% and an overall growth rate of 23.27%
Future trends to watch include changes in consumer preferences, potential supply chain disruptions, and shifts towards organic or specialty cheese varieties.
