El Salvador Cheese Market to Grow at a CAGR of 4.4% During 2024-2032, Aided by Changing Food Preferences of Consumers

Cheese is a popular ingredient due to its great taste and high nutritional value. It contains essential vitamins, proteins, and other nutrients that are beneficial for the body. Cheese is rich in calcium, which helps strengthen teeth and keep bones strong.

El Salvador's cheese market is aided by the rising consumption of fast food as a result of the changing food preferences of people. The El Salvador cheese market is experiencing growth due to the rising consumption of fast-food items like pasta, pizza, and hamburgers at various quick-service restaurants (QSRs). The market has benefitted from on-the-go lifestyle of consumers and high demand for processed cheese in the region. The growing disposable income of the population supports them to lead an improved lifestyle and buy products as per their food preferences. The country witnessed a 43.90% increase in GDP per capita (Purchasing power parity) from 2015 to 2022. According to the World Bank, El Salvador’s GDP per capita (Purchasing power parity) was only USD 7,712.4 in 2015 and has reached USD 11,098.1 in 2022.

El Salvador is amongst the top 40 cheese importing countries in the world. According to the International Trade Center, El Salvador imported cheese of over USD 179.271 million in value in 2022, with exports of USD 41.176 million.

Fig: El Salvador Cheese and Curd Import and Export Trend

In addition, the expanding food chains, coupled with the growing western influence is making the El Salvador cheese market more attractive. There is a surge in introduction of various flavour-infused cheese products, such as those with pepper, garlic, red chilli flakes, and oregano pickles. The increasing demand for milk and dairy products is driving product innovation, leading to the market growth.

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Market Breakup by Source, Type, Format, Distribution Channel, and Region:

• The market is segmented based on source into cow milk, buffalo milk, and goat milk, among others.

• Based on type, the market can be divided into fresco, doble crema, panela, amarillo, crema, chihuahua, manchego, and oaxaca, among others.

• The market is segmented based on format into slices, diced/cubes, shredded, blocks, and spreads, among others.

• Based on distribution channel, the market can be divided into supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.

• Region-wise, the El Salvador cheese market can be divided into Western, Central, and Eastern.

Key Findings of the Report:

• The cheese market in El Salvador is experiencing growth driven by increased consumption of fast-food items like pasta, pizza, and hamburgers at quick-service restaurants (QSRs). Factors contributing to this growth include changing lifestyles and the rapid expansion of fast food chains and QSRs.

• The market has benefitted from rising disposable incomes, growing demand for cheese for household consumption, and the demand for cheese products like spreads due to their versatility.

• The country also plays a crucial role in international trade for cheese. El Salvador is among the top 40 countries importing cheese, globally.

• The growing popularity of various flavour-infused cheese products, along with the rising western influence is accelerating the demand for cheese.

Key Offerings of the Report:

• The EMR report gives an overview of the cheese market in El Salvador for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the source, type, format, distribution channel, and major regions of the El Salvador cheese market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in El Salvador’s cheese market are Lacteos de Honduras S.A. de C.V., Quesos Petacones, Lactolac, SA de CV, and Sigma Alimentos, S.A de C.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.