Cheese Market Overview in the USA
In value terms, cheese production totaled $ in 2019. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Cheese production peaked in 2019 and is likely to see gradual growth in the near future.
The value of the cheese market in the U.S. was estimated at $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in the immediate term.