Category: Butter
Butter market research reports by Euromonitor International
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World Market for Dairy Products and Alternatives
World Market for Dairy Products and Alternatives As global inflation and GDP growth rates decline, the dairy products and alternatives industry expects low value growth in 2024, although the forecast period looks more promising. In this context, private label is expanding as consumers prioritise aff ... Read More
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Butter and Spreads in Brazil
Butter and Spreads in Brazil Brazil has been experiencing the impacts of strong natural phenomena since 2022, with La Ninã and El Niño manifesting opposite effects across the country. While the former brought heavy rains to the southeast and drought to the south, the latter, which started in 2023, a ... Read More
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Dairy Products and Alternatives in Brazil
Dairy Products and Alternatives in Brazil According to Euromonitor’s Economies and Consumers system, economic conditions in Brazil in 2024 have followed the positive patterns seen in 2023, driven by reduced borrowing costs and lower unemployment rates, resulting in robust domestic demand. In additio ... Read More
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Dairy Products and Alternatives in Côte d'Ivoire
Dairy Products and Alternatives in Côte d'Ivoire Although Côte d’Ivoire’s birth rate has been dropping for many years, it remains high by global standards, with an average fertility rate of four children per female ensuring a large potential consumer base for baby food. As disposable income levels r ... Read More
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Butter and Spreads in South Korea
Butter and Spreads in South Korea Overall retail volume sales of butter and spreads in South Korea are declining in 2024, although demand remains above pre-pandemic levels. This is primarily due to a shift in consumer dietary preferences, with a growing focus on health leading to decreasing demand f ... Read More
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Dairy Products and Alternatives in South Korea
Dairy Products and Alternatives in South Korea As global inflation continues to persist, the rising costs of raw materials such as sugar have been contributing to the higher average unit price of dairy products and alternatives in South Korea. Additionally, the unique pricing structure of domestic r ... Read More
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Butter and Spreads in Peru
Butter and Spreads in Peru Although unit price growth of butter and spreads in Peru continues to slow following the significant rises noted in 2023 and 2022, overall prices remain high for much of the population. In this context, local consumers are increasingly opting for more economical alternativ ... Read More
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Slovenia Butter and Spreads
Butter and Spreads in Slovenia Butter and cooking fats in Slovenia continue to experience a decline in retail volume terms in 2024, as consumer demand diminishes in response to growing health concerns surrounding saturated fat consumption. Saturated fats have been the subject of negative publicity a ... Read More
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Canada Butter and Spreads
Butter and Spreads in Canada Butter and spreads in Canada is projected to register a significant slowdown in retail current unit price growth in 2024. This is helping to sustain a rise in demand, albeit softening retail current value growth at the end of the review period. However, overall retail vo ... Read More
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Sweden Butter and Spreads
Butter and Spreads in Sweden Health and wellness features continue to be trendy and noted in new product developments within butter and spreads in Sweden in 2024. This includes healthier fat content and cholesterol-lowering claims. Rapeseed is increasingly seen as a local superfood; besides its chol ... Read More
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Kenya Butter and Spreads
Butter and Spreads in Kenya The demand for butter and spreads in Kenya has stagnated during 2024 amid rising prices. Retail volume sales are projected to rise slightly for margarine and spreads and be flat for cooking fats, but continue to fall strongly for butter. Kenyan consumers remain price-sens ... Read More
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Uzbekistan Butter and Spreads
Butter and Spreads in Uzbekistan Despite continuing high inflation, butter and spreads in Uzbekistan is expected to register healthy constant value and moderate volume growth. A growing population, as well as a growing economy, supports increased sales. Also, an increasing range of local brands, whi ... Read More
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Malaysia Butter and Spreads
Butter and Spreads in Malaysia Butter and spreads in Malaysia is projected to see a marginal increase in retail current value sales in 2024, However, this is due to price hikes, as retail volume sales drop strongly. Cooking fats is expected to see a double-digit drop in retail volume sales, with dem ... Read More
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Serbia Butter and Spreads
Butter and Spreads in Serbia Butter and spreads in Serbia is experiencing challenges due to the increasingly busy lifestyles of consumers and rising prices in 2024. As a result, more affordable cooking fats have gained popularity, attracting consumers with their lower prices. Price-sensitive Serbian ... Read More
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Cameroon Butter and Spreads
Butter and Spreads in Cameroon Retail sales of butter remain limited in Cameroon, albeit seeing steady growth in volume terms in 2024. The target audience for butter is primarily restaurants offering contemporary cuisine, especially in the French-speaking regions of the country and in areas serving ... Read More
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Slovakia Butter and Spreads
Butter and Spreads in Slovakia Butter and spreads is maintaining marginal positive retail volume growth in Slovakia in 2024, with value sales better supported by high prices. Butter is the strongest performer, thanks to it being a traditionally popular and widely used product in the country. We also ... Read More
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The Philippines Butter and Spreads
Butter and Spreads in the Philippines Butter and spreads are staple pantry items in Filipino households, frequently used in both home cooking and baking. These products are integral to a variety of traditional dishes, such as adobo variations, and are also popular as spreads for bread, making them a ... Read More
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South Africa Butter and Spreads
Butter and Spreads in South Africa The cost of butter in South Africa continues to increase above the general inflation rate. As a result, some consumers are moving away from butter, instead opting for cheaper alternatives. However, there is still elevated retail demand for butter compared to pre-pa ... Read More
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Tunisia Butter and Spreads
Butter and Spreads in Tunisia Butter has seen significant retail volume growth in 2024 continuing on from the strong performance seen in 2023. Sales of butter had plummeted in 2022 due to a shortage of butter brands in both modern and traditional grocery retailers. Low levels of milk production were ... Read More
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Pakistan Butter and Spreads
Butter and Spreads in Pakistan In 2024, several prominent brands in Pakistan have expanded their product portfolios to include butter, responding to the increasing consumer preference for natural and unprocessed food products. These brands are capitalising on their established distribution networks ... Read More
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Taiwan Butter and Spreads
Butter and Spreads in Taiwan Freed from the restrictions on movement seen during the pandemic, 2023 saw a surge in consumers dining out. After relying on home-cooked meals during the pandemic, consumers were keen to begin indulging in dining out again, significantly reducing the demand for butter wh ... Read More
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Turkey Butter and Spreads
Butter and Spreads in Turkey Butter and spreads in Turkey is projected to see positive, if slower, retail volume growth in 2024. Having seen a strong decline in retail volume sales in 2022, the leading category, butter continues to see a healthy rebound in consumption in 2024. The decrease in the de ... Read More
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Singapore Butter and Spreads
Butter and Spreads in Singapore Foodservice volume sales of butter and spreads are expected to continue to grow moderately in Singapore in 2024, driven by the domestic growth momentum for dining out. Butter is commonly used as an ingredient in the preparation of numerous dishes sold through foodserv ... Read More
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Nigeria Butter and Spreads
Butter and Spreads in Nigeria In 2024, butter and spreads in Nigeria is witnessing a notable decline in volume sales due to the severe impact of high inflation on consumer affordability. As unit prices of brands in this category have risen sharply, consumers, faced with diminished buying power, have ... Read More
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Uruguay Butter and Spreads
Butter and Spreads in Uruguay Butter and spreads in Uruguay experienced a rebound in retail volume terms in 2023, and a similar performance is anticipated for 2024. This follows a soft contraction in 2022, which was largely attributed to product shortages resulting from conflicts between key produce ... Read More
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