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The Guatemala cheese market size reached a value of USD 168.05 million in 2021. The market is further expected to maintain a CAGR of 5.2% between 2023 and 2028 to reach a value of around USD 237.66 million by 2027.
In June 2022, Kraft Heinz Company released a statement that within the next five years, Latin America will grow at a rate twice as fast as the rest of the world's markets . The company may include dairy products such as cream, cheese, ketchups, snacks, and many more products.
The corporation intends to invest in expanding the capacity of its plants in the area since they see this as the largest driver of future business growth. The region is currently the fourth-largest market outside of the United States for Chicago-based Kraft Heinz, after Australia, Canada, and Britain.
Kraft Heinz, owned by Berkshire Hathaway and the 3G fund and run by Brazilian industrialists Jorge Paulo Lemann, Marcel Telles, and Carlos Alberto Sicupira, is broadening its product offerings to appeal to an area with around 650 million potential customers. This expansion is expected to drive the Guatemala cheese market growth.
Cheese is a highly appetising dish made from milk that comes in a variety of textures, flavours, and aromas. It is currently accessible in thousands of different types worldwide. The raw material, such as the breed and type of milk-producing animals, grazing, and climatic elements taken into consideration during the manufacturing process, determines the differentiation between texture and taste.
Vitamin B found in the product can help lower blood pressure if the sodium content is modest. Some content of the product is also known for preventing cancer. The preparation process entails standardisation, pasteurisation, and other processes that result in the manufacture of various types.
New prospects are opening up in the market due to the growing demand for low-fat cheese and numerous innovations to enhance the taste and quality of the products.
The demand is increasing due to the impacts of fast westernisation in the developing regions. The Guatemala cheese market share is anticipated to rise due to the rapid rise in consumer demand for packaged meals.
Numerous global companies are currently investing in the market as a result of the rise of organised retail stores, which is anticipated to fuel the market expansion in Guatemala.
The Guatemala cheese market development is anticipated to be hampered by the rising health issues like obesity, rising health consciousness among consumers, the unhealthy components found in processed cheese, and the perishable nature of the goods.
The strict regulatory laws governing the distribution of the product are expected to make it difficult for the market to expand. The labelling regulations may raise packaging and labelling costs, which has an impact on the end product's pricing. The limited customer acceptance is thus a challenge for the market.
The various sources in the market are cow milk, buffalo milk, and goat milk, among others. The different types include fresco, double cream, panela, Amarillo, cream, chihuahua, Manchego, and Oaxaca, among others.
The formats of the product can be segmented into shredded, slices, diced/cubes, blocks, and spreads, among others. The several distribution channels include convenience stores, supermarkets and hypermarkets, speciality stores, and online, among others.
The regional markets can be divided into North and North East, Central and Guatemala, North West, South East and South West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and giving a SWOT analysis. The report gives a detailed analysis of the following companies in Guatemala, covering their competitive landscape and latest developments like mergers, acquisitions, expansion, and investments plans.
According to the Guatemala cheese market research report, the cow milk segment is expected to account for the highest revenue. This is driven by the fact that cow milk contains protein and fat, which give the product its flavour and texture.
Additionally, cow's milk is pasteurised before the manufacturing process begins by being heated to a certain temperature and then quickly being cooled. The bacteria in milk are then destroyed by heating.
Buffalo milk is abundant in calcium and protein and is also low in cholesterol, making this mozzarella cheese especially prized and sought after. Buffalo mozzarella is usually wrapped in brine; it has a mild yet sour flavour and pairs well with a variety of Italian antipasti dishes, including classics like the Caprese salad.
Feta, chévre, Crottin de Chavignol, Valençay, intoxicated goat cheese, and geitost are a few examples prepared traditionally from goat milk. Ricotta, mozzarella, paneer, yoghurt, cheddar, brie, and blues, among others, can also be made from goat milk. Such characteristics are increasing the use of cheese in the Guatemala cheese market value.
White cheese known as queso fresco or fresh cheese is a common ingredient in Mexican cuisine because it is mild, soft, and slightly acidic. Similar to cotija cheese, it is readily crumbled and frequently used as a topping on foods like enchiladas and tacos.
Double cream cheese, often known as cream cheese, is a spreadable, soft, paste-like cheese with a little tart flavour. Panela cheese is a pasteurised cow's milk cheese that is white, fresh, and smooth. It is typically offered as a component of appetisers like nopal salads or quesadillas.
According to the Guatemala cheese market report, chihuahua cheese keeps its shape well when it melts. Major uses for it include enchiladas and quesadillas, fondues, breaded and fried or egg meals, and simple snacking.
Manchego is a type that can be eaten alone or with nuts like almonds, hazelnuts, and walnuts. Additionally, it goes well with figs, olives, and sun-dried tomatoes. Oaxaca cheese is an ideal filling for quesadillas, enchiladas, and poblano peppers. It melts readily and has a mild, creamy flavour.
Cheese slice is made from a blend Colby and cheddar. Sliced cheese can be divided into processed, natural, blue, and soft cheese.
Cow, sheep, goat, or a combination of the three types of milk are used to make cheese cubes. They are prepared for consumption because they also include salt.
Shredded cheese is either blended with other ingredients or used as a topping in salads, sandwiches, soups, pizza, lasagna, and a variety of other savoury dishes. There are several flavours available, including mozzarella, cheddar, parmesan, and Swiss. These widespread uses of the product are adding to the Guatemala cheese market demand.
One or more semi-hard or semi-soft cheeses are blended with additional ingredients such vegetables, fruits, meat, herbs, and spices, and components that are spread on crackers or toast to make cheese spread.
The online market for the purchasing of food items, particularly cheese, is expanding quickly as a result of rising internet usage. Amazon, Walmart, Carrefour, and other vertical experts have been interested in this industry as it grows in e-retailing, and they are striving for a sizeable share of the online cheese industry. Thus, the increasing use of online channels is accelerating the Guatemala cheese market forecast.
Additionally, the easy access to products in supermarkets and convenience stores is fuelling the expansion of this segment. Nowadays supermarkets have also started home delivery, which is being increasingly preferred by the working population as it saves time.
The Guatemala cheese market is being driven by the growing consumption in Latin America. The inclusion of the product in packaged food and ready-to-eat meals is anticipated to gain traction due to the growing emphasis on natural and healthy components in food and beverage products, which will spur the expansion in the region.
The growing demand for premium cheese is forcing producers to release organic and premium cheese with product certifications. In the next years, the demand for authentic cheese and cheese-based products will be fuelled by rising interest in international cuisine and unique flavour profiles in culinary ingredients.
The consumers in the region are inclining towards environmentally friendly and vegan products as a result of growing awareness of animal cruelty. The preference is also changing due to the region's expanding carbon footprint brought on by the consumption of foods derived from animals, such as milk, honey, eggs, meat, pork, and seafood. This is increasing the consumption of vegan cheese, thereby increasing the Guatemala cheese market share in the forecast period.
Lactolac, SA de CV produces, distributes, and markets foods of high nutritional quality, competitive at an international level, exceeding the expectations of the customers. It is dedicated to manufacturing and marketing dairy products that adhere to high safety and quality requirements and follow local and international laws and regulations. Among other cheeses, it makes mozzarella, cheddar, and yellow processed cheese.
Lacteos de Honduras S.A. de C. V- With a focus on the development, production, and marketing of milk, powdered milk, milkshakes, fruit juices, orange juice, creams, cheeses, yoghurt, and water, Lacthosa is the top company in the dairy industry in Honduras. The business has operations in Guatemala, the United States, the Dominican Republic, and Grand Cayman.
Sigma Alimentos, S.A de C.V.- Sigma Alimentos, S.A de C.V. deals with producing, distributing, and selling chilled and frozen goods such cold meats, dry meats, cheese, yoghurt, prepared meals, and beverages. More than 590,000 clients are served by its 69 production facilities, which are located in North, Central, South, the Caribbean, and Europe.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Source||
|Breakup by Type||
|Breakup by Format||
|Breakup by Distribution Channels||
|Breakup by Region||
*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.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Guatemala Cheese Market Analysis
8.1 Key Industry Highlights
8.2 Guatemala Cheese Historical Market (2018-2022)
8.3 Guatemala Cheese Market Forecast (2023-2028)
8.4 Guatemala Cheese Market by Source
8.4.1 Cow Milk
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.4.2 Buffalo Milk
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.3 Goat Milk
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.5 Guatemala Cheese Market by Type
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5.2 Double Cream
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.6 Guatemala Cheese Market by Format
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.7 Guatemala Cheese Market by Distribution Channels
8.7.1 Supermarkets and Hypermarkets
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.7.2 Convenience Stores
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.7.3 Speciality Stores
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.8 Guatemala Cheese Market by Region
8.8.1 Market Share
126.96.36.199 North and North East
188.8.131.52 Central and Guate
184.108.40.206 North West
220.127.116.11 South East and South West
9 Regional Analysis
9.1 North and North East
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Central and Guate
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 North West
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 South East and South West
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Lactolac, SA de CV
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.2 Lacteos de Honduras S.A. de C.V
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.3 Sigma Alimentos, S.A de C.V.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Guatemala Cheese Market: Key Industry Highlights, 2018 and 2028
2. Guatemala Cheese Historical Market: Breakup by Source (USD Million), 2018-2022
3. Guatemala Cheese Market Forecast: Breakup by Source (USD Million), 2023-2028
4. Guatemala Cheese Historical Market: Breakup by Type (USD Million), 2018-2022
5. Guatemala Cheese Market Forecast: Breakup by Type (USD Million), 2023-2028
6. Guatemala Cheese Historical Market: Breakup by Format (USD Million), 2018-2022
7. Guatemala Cheese Market Forecast: Breakup by Format (USD Million), 2023-2028
8. Guatemala Cheese Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
9. Guatemala Cheese Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
10. Guatemala Cheese Historical Market: Breakup by Region (USD Million), 2018-2022
11. Guatemala Cheese Market Forecast: Breakup by Region (USD Million), 2023-2028
12. Guatemala Cheese Market Structure.
In 2021, the market size reached a value of nearly USD 168.05 million.
The cheese market in Guatemala is projected to grow at a CAGR of 5.2% between 2023 and 2028.
The Guatemala cheese industry is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 237.66 million by 2027.
The major drivers include the on-the-go lifestyle of consumers, growing influence of Western cuisines, rising disposable incomes, introduction of many flavoured cheese products, surging demand for milk and dairy products, increase in the number of organised retail outlets, and growing interest in multi-national cuisine.
Increase in the consumption of fast-food products and the consequent rise in demand for processed cheese are the key industry trends propelling the growth.
The major regions in the market are western, central, and eastern.
The various sources of cheese include cow milk, buffalo milk, and goat milk, among others.
The different types include fresco, double cream, panela, amarillo, cream, chihuahua, manchego, and oaxaca, among others.
Based on format, the market is segmented into slices, diced/cubes, shredded, blocks, and spreads, among others.
The several distribution channels include convenience stores, speciality stores, online, supermarkets and hypermarkets, among others.
The key industry players are Lacteos de Honduras S.A. de C.V, Sigma Alimentos, S.A de C.V., and Lactolac, SA de CV, among others.
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