The good news continues on the cheese front. According to Portland, Ore.-based Allied Market Research, the U.S. cheese market was valued at $32.3 billion in 2017, and is projected to reach $40.5 billion by 2025, growing at a compound annual growth rate of 2.8%.
Although its share of those sales is much lower than those overall values, the U.S. retail channel also has much to celebrate — at least on the natural cheese side. Data from Chicago-based market research firm IRI for the 52 weeks ending Oct. 6, 2019, show that dollar sales of natural cheese rose 1.6% to $13,165.8 million. Unit sales increased 1.9% to 3,990.1 million.