The growth of Uruguay’s cheese and yogurt categories is forecast to extend slowing trend
The market value is relatively small, set to approach $300m through 2028.
Value ($m)
Five-year CAGR (%)
Volume (Kgm)
Five-year CAGR
2018
188.55
1.54
42.53
7.52
2019
177.53
0.11
44.15
7.59
2020
163.36
−0.36
46.27
7.98
2021
175.39
3.41
48.3
8.16
2022
205.69
3.67
48.94
7.07
2023
234.39
8.71
49.53
5.98
2024
242.38
12.74
49.95
4.83
2025
249.56
17.7
50.42
3.42
2026
256.23
15.88
50.84
2.15
2027
262.87
10.24
51.22
2.01
2028
269.86
5.9
51.54
1.86
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