Category: Butter
Butter market research reports by Euromonitor International
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Algeria Butter and Spreads
Butter and Spreads in Algeria Despite its unhealthy and unnatural image, retail volume sales of margarine continue to account for the highest share within butter and spreads in Algeria due to its affordability. In 2024, retail volume sales of margarine and spreads continue to increase, driven largel ... Read More
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Belgium Butter and Spreads
Butter and Spreads in Belgium Butter witnessed slight volume growth in 2024. With pressure on purchasing power and foodservice prices remaining high in Belgium, the home cooking trend remained strong in 2024. The increasing popularity of home working has added further momentum to sales of butter, wi ... Read More
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Argentina Butter and Spreads
Butter and Spreads in Argentina Butter and spreads saw a contraction in retail volume terms in Argentina in 2024 as many local consumers reduced their consumption of essential products. However, the trend for cooking home-made meals seen over the review period not only continued but deepened in 2024 ... Read More
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Italy Butter and Spreads
Butter and Spreads in Italy In 2024, the butter and spreads market in Italy is projected to experience a modest decline in retail volume terms. Demand has been negatively affected by significant price hikes, particularly for butter. These increases are driven by rising production costs, which includ ... Read More
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China Butter and Spreads
Butter and Spreads in China In 2024, retail sales of butter in the Chinese market are expected to record a mid-single-digit decline in current value terms. This decrease is primarily due to reduced demand for home baking, as post-pandemic, Chinese consumers have been spending less time at home. In a ... Read More
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Butter and Spreads in India
Butter and Spreads in India Value sales of butter and spreads recorded double-digit growth in 2023, with demand rising steadily. Traditionally in India, butter and ghee has been prepared at home from milk as it is considered more budget-friendly. Butter and ghee are extensively used in India, not on ... Read More
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Dairy Products and Alternatives in India
Dairy Products and Alternatives in India India remains the largest producer of milk in the world. The impact of high inflation on cattle feed in 2023 resulted in a hike in procurement costs for milk. In turn, major players hiked up their prices to end consumers, but demand for dairy products continu ... Read More
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Competitor Strategies in Dairy Products and Alternatives
Competitor Strategies in Dairy Products and Alternatives Dairy products and alternatives players are navigating through economically turbulent times by adapting their strategies, with a focus on core markets and fast-growing brands and products. Meanwhile, to sustain high margins, producers are emph ... Read More
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Butter and Spreads in Mexico
Butter and Spreads in Mexico In 2023, inflationary pressures have had a noticeable impact on the price of butter and spreads. This has encouraged some consumers to shift towards lower priced options such as cooking oils which resulted in a slowdown in the growth of butter and spreads compared to the ... Read More
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Dairy Products and Alternatives in Mexico
Dairy Products and Alternatives in Mexico In 2023 consumers have remained cautious with their spending due to prevailing economic uncertainty. This has resulted in households prioritising essential products and limiting their consumption of non-essentials. Many dairy products are perceived as essent ... Read More
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Butter and Spreads in Brazil
Butter and Spreads in Brazil The Brazilian dairy industry has historically had negative results in its balance of trade. The country’s dairy production has not been sufficient to supply all its needs in terms of dairy products. In the past year, for some categories it has been more advantageous to i ... Read More
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Dairy Products and Alternatives in Brazil
Dairy Products and Alternatives in Brazil The Brazilian dairy industry has experienced a challenging scenario in recent years, marked by concerns over the exit of medium and small dairy producers, and a decline in the dairy cattle population. This trend is primarily driven by the absence of public p ... Read More
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Dairy Products and Alternatives in Ukraine
Dairy Products and Alternatives in Ukraine Sale of dairy products and alternatives in Ukraine are being significantly impacted by the war and inflation in 2023. Besides the loss of consumers and territories, the market also faces other obstacles including consumers downtrading to cheaper products an ... Read More
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Butter and Spreads in Ukraine
Butter and Spreads in Ukraine In June 2022 Ukrainian dairy manufacturers were granted duty-free exports to the EU for one year. This was extended for one more year in 2023 as part of ongoing efforts to support Ukraine’s economy while it continues to cope with the impact of Russia’s war in the countr ... Read More
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Butter and Spreads in the Netherlands
Butter and Spreads in the Netherlands In 2023 butter and spreads in the Netherlands is facing a rise in average unit prices, albeit at a moderated pace when compared to the previous year, 2022, with a notable deficit of milk fat in the global markets underpinning the price hikes for butter. At the s ... Read More
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Dairy Products and Alternatives in Ireland
Dairy Products and Alternatives in Ireland 2023 saw pressure on demand across all categories of dairy products and alternatives in Ireland as the high inflation that swept across Europe during 2022 continued, albeit at a lower rate. This led to volume sales declines across most categories of dairy a ... Read More
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Dairy Products and Alternatives in Belgium
Dairy Products and Alternatives in Belgium Dairy products and alternatives witnessed a significant decline in retail volume terms in 2022 for the second year running with inflation driving price increases and putting pressure on consumers’ available income. As a result, total volume sales returned t ... Read More
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Butter and Spreads in Ireland
Butter and Spreads in Ireland 2023 saw more stability in the average unit price of butter after steep unit price increases during 2022, which was a particularly challenging year for category players as they battled with rising production and distribution costs at a time of high inflation and pressur ... Read More
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Butter and Spreads in Turkey
Butter and Spreads in Turkey In 2023, overall retail volume sales of butter and spreads are projected to see positive growth, albeit driven by the performance of margarine and spreads. Conversely, there is expected to be a drop in retail volume sales of butter, as well as a further decrease in cooki ... Read More
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Butter and Spreads in Belgium
Butter and Spreads in Belgium Following the pattern seen across dairy in Belgium, butter prices rose sharply in 2022, resulting in a sales decline in retail volume terms. Despite prices slowly stabilising in 2023, volume sales of butter have continued to decline, albeit at a slightly more modest pac ... Read More
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Butter and Spreads in Uzbekistan
Butter and Spreads in Uzbekistan Volume growth is expected to be muted for butter in 2023. With inflation still high, though easing, consumers are expected to be price sensitive and as a result opt for more affordable margarine and spreads rather than butter. The situation is further complicated by ... Read More
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Butter and Spreads in Slovenia
Butter and Spreads in Slovenia Butter and cooking fats are declining in volume terms due to growing health awareness. Considerable publicity in the media is raising awareness about the unhealthy effects of butter and fats. Health experts identified butter as one of the key culprits in increasing the ... Read More
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Butter and Spreads in Pakistan
Butter and Spreads in Pakistan The sale of unpackaged butter and ghee products in rural areas remains strong in Pakistan. However, urban consumers are becoming more hygiene conscious and are looking for more convenient butter and ghee formats, with many opting for packaged alternatives. Packaged opt ... Read More
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Dairy Products and Alternatives in Kenya
Dairy Products and Alternatives in Kenya In 2023, dairy products and alternatives is expected to moderate current value growth, though volume growth is expected to be minimal. Like many countries across the world, Kenya has experienced high inflation caused by commodity price volatility and tighteni ... Read More
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Butter and Spreads in Norway
Butter and Spreads in Norway Butter and spreads in Norway continues to contract in terms of retail volume sales in 2023, with the decline driven in part by the societal return to pre-pandemic patterns and behaviour. As Norwegians embrace outdoor activities anew and reduce their domestic culinary pur ... Read More
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