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Parmesan Sales Up 15%, Grana Padano Sees 8% Growth

Published on Nov 17 2020 9:29 AM in Fresh Produce tagged: Cheese / Italy / Parmigiano Reggiano / Grana Padano

Parmesan Sales Up 15%, Grana Padano Sees 8% Growth

Packaged Parmigiano Reggiano sales grew by 15.1% year-on-year in the first nine months of 2020, according to data from the Parmigiano Reggiano Consortium

The price of Parmigiano Reggiano has risen 30% since June, while production increased by 5% between January to September 2020. 

In the first half of 2020, overall sales of Parmigiano Reggiano increased by 5.1% in Italy and 11.9% in foreign markets.

Data from Borsa Merci Parma suggests that the price of 12-month seasoned cheese increased from €7.55/kg in June 2020 to the current €10.00/kg, the Consortium added.

Grana Padano

Sales of Grana Padano DOP in Italy increased by 7.9% in the nine months of September 2020 to claim a 47.4% market share with Trentingrana, according to a report from the Grana Padano Consortium.

This growth was largely driven by the grated cheese segment (+12.3%), which now accounts for almost a third of Grana Padano DOP sales (31.1%).

It gained ground in supermarkets and discount stores (+11%), with the most significant growth recorded in South Italy (+11%), which now accounts for 30.9% of sales.

Data also revealed growth in exports (+3.75% in January-July 2020) and production (+4.7% in 2019 and +5.44% in Q1 2020).

Hard Cheese

Overall sales of hard cheese in the retail channel grew by just 0.9% between January to September 2020. 

The segment saw a 20.2% decline in market share as a result of challenges in out-of-home consumption due to the pandemic.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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