The forecasted consumption of American cheese (except cheddar) in the US indicates a steady growth from 2024 to 2028, with values increasing from 6.16 pounds in 2024 to 6.78 pounds in 2028. In 2023, consumption stood at 6.00 pounds, marking a gradual but consistent upward trend. This represents a year-on-year percentage increase of roughly 2.6% to 2.7%. The compound annual growth rate (CAGR) over these five years is approximately 2.7%.
Future trends to watch for:
- Increasing health-conscious consumer behavior might influence a shift toward low-fat or alternative cheese options.
- Potential supply chain challenges and dairy price fluctuations may impact consumption patterns.
- The introduction of innovative cheese products could enhance market demand.