Like other categories, cheese is set to be impacted by a weak local currency compared with the US dollar and euro until 2025. Moreover, there is no expected cut in the interest rate until the end of 2024.
The demand for natural and less processed products is set to continue in the forecast period, prompting producers to innovate and adapt to meet the changing demands of local cheese consumers. The rapid innovation and formulation enhancements seen within the plant-based category only increase the need for players to introduce products that provide cheese with a competitive advantage.
Albeit at an early stage of development, vegan products continue to provide an undercurrent of change in cheese. Vegan cheese’s penetration remained limited at the end of the review period, as its flavour profile has not quite matched the richness of traditional dairy-based cheese.
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Understand the latest market trends and future growth opportunities for the Cheese industry in Norway with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cheese industry in Norway, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cheese
This is the aggregation of hard, soft, spreadable and processed cheese (excl spreadable). Note: Non-dairy cheese substitutes are excluded from this category and tracked under plant-based cheese.
See All of Our DefinitionsThis report originates from Passport, our Cheese research and analysis database.
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