Category: Butter
Butter market research reports by Euromonitor International
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Butter and Spreads in the United Arab Emirates
Butter and Spreads in the United Arab Emirates Due to inflationary pressures arising from global supply chain issues, recent price increases in retail have impacted dairy categories, and butter and spreads is no exception. Moreover, due to rising health awareness, some consumers are also veering tow ... Read More
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Butter and Spreads in Morocco
Butter and Spreads in Morocco Amid shifting consumption patterns, butter remains an enduring favourite in Morocco. Rooted in longstanding culinary customs, butter's integration with staple foods like bread, jam, and honey continues to resonate with consumers. The burgeoning embrace of Western food i ... Read More
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Butter and Spreads in Estonia
Butter and Spreads in Estonia Butter and spreads is expected to register muted constant value and volume growth in 2023. Economic uncertainty as a result of Russia’s invasion of Ukraine, the meteoric rise in inflation and tightening monetary policy continue to have an effect, though inflation is exp ... Read More
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Butter and Spreads in Poland
Butter and Spreads in Poland In 2023, the Polish dairy industry experienced increasing production costs leading to extremely high retail prices for butter. This prompted producers to explore various strategies to prevent further price hikes, maintaining consumer affordability. One approach involved ... Read More
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Butter and Spreads in Nigeria
Butter and Spreads in Nigeria Butter and spreads demonstrates improved volume growth in 2023 compared to the previous year, rebounding slightly after a decline in 2022. Despite this positive trend, the presence of persistently high inflationary conditions throughout 2023 hinders a more substantial g ... Read More
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Dairy Products and Alternatives in Indonesia
Dairy Products and Alternatives in Indonesia Dairy products and alternatives in Indonesia has experienced positive growth in recent years, primarily driven by increased health and wellness awareness among local consumers who believe consuming more dairy is good for gut health and generally improves ... Read More
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Dairy Products and Alternatives in Dominican Republic
Dairy Products and Alternatives in Dominican Republic The picture is expected to be positive for dairy products and alternatives in 2023, with overall current value and volume sales expected to rise moderately. While inflation remains high, pressure is expected to ease. In addition, the appreciation ... Read More
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Dairy Products and Alternatives in Costa Rica
Dairy Products and Alternatives in Costa Rica It is expected to be an improving picture in 2023 in dairy in Costa Rica. Current value sales are expected to increase, along with a slight increase in volume sales. While there is still economic uncertainty, as a result of rising inflation, the growth i ... Read More
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Dairy Products and Alternatives in Nigeria
Dairy Products and Alternatives in Nigeria Dairy products and alternatives experience an overall decline in volume terms in 2023 as challenging economic conditions limit consumer spending power. In particular, high inflation driven by depreciation of the local currency, increasing fuel costs, and a ... Read More
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Dairy Products and Alternatives in Hungary
Dairy Products and Alternatives in Hungary With inflation at over 25% in the first quarter of 2023, Hungary experienced the 10th-highest food-related price increase in the world. The high unit price in dairy products and alternatives was bolstered by the international price increase of raw milk, the ... Read More
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Dairy Products and Alternatives in Honduras
Dairy Products and Alternatives in Honduras Sales of dairy products and alternatives maintained steady growth in Honduras in 2023, benefiting from the return of parents to the workplace and children to their places of education and subsequent boost in impulse purchases. While the market benefits fro ... Read More
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Dairy Products and Alternatives in Estonia
Dairy Products and Alternatives in Estonia Dairy products and alternatives is expected to register healthy volume and more moderate constant value growth in 2023, despite continuing economic uncertainty as a result of Russia’s invasion of Ukraine, the meteoric rise in inflation and tightening moneta ... Read More
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Butter and Spreads in Germany
Butter and Spreads in Germany Butter has long been a staple dairy ingredient in German cuisine, with a rich history and cultural significance. After two years of pandemic-driven home seclusion, which benefited the consumption of butter as cooking and baking were adopted as pleasurable activities, de ... Read More
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Butter and Spreads in Finland
Butter and Spreads in Finland The consumption of butter and spreads continues to normalise in 2023, following the heightened demand witnessed during the COVID-19 pandemic, when Finns cooked and ate more at home. In addition, unit prices increased in 2022 and continued to do so at the beginning of 20 ... Read More
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Butter and Spreads in Greece
Butter and Spreads in Greece Due to the increase in price points, general inflation, and consumers' lower disposable incomes, the demand for butter has decreased. Consumers have looked to make butter last longer, to purchase cheaper varieties or simply remove the product from their shopping baskets. ... Read More
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Butter and Spreads in Bolivia
Butter and Spreads in Bolivia In 2023, the consumption of butter at home is expected to register similar healthy growth levels in sales volumes similar to those registered before the start of the pandemic. That being said, value sales are still low, with margarine and spreads and cooking fats accoun ... Read More
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Butter and Spreads in Israel
Butter and Spreads in Israel Butter in Israel had a very high customs tax of 126-140%. This made importing butter unviable for players in the category, except for specific importers allowed to import small amount without the customs tax attached. In 2019, the country started to see shortages of butt ... Read More
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Butter and Spreads in Guatemala
Butter and Spreads in Guatemala Butter and spreads is expected to register moderate current value growth, but constant value sales are expected to fall as persistent inflation cuts into profitability. In addition, with persistent inflation, consumers are expected to trade down – for instance trading ... Read More
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Dairy Products and Alternatives in Canada
Dairy Products and Alternatives in Canada The Canadian landscape has been marked by its highest levels of inflation in recent years. Particularly notable are the food price increases that reached unprecedented heights in 2022, and this trend has carried over into 2023. These fluctuations have had a ... Read More
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Dairy Products and Alternatives in Australia
Dairy Products and Alternatives in Australia The dairy industry has been faced with a combination of challenges throughout 2023, impacting its overall output and performance. Headlining the difficulties has been the high rate of inflation for dairy products. According to the ABS Consumer Price Index ... Read More
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Butter and Spreads in China
Butter and Spreads in China Retail sales of butter saw accelerated growth in current value terms in 2023. Growth was boosted by the lifting of pandemic-related measures, which saw a revival in offline consumption, combined with an enhanced consumer awareness of Western cuisine. The product also cont ... Read More
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Dairy Products and Alternatives in Vietnam
Dairy Products and Alternatives in Vietnam Overall, dairy products and alternatives is expected to see only modest, if slightly faster, retail volume (tonnes) growth in 2023, compared with 2022. Vietnam’s economy faces various challenges at the end of the review period. The country has experienced t ... Read More
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Dairy Products and Alternatives in Finland
Dairy Products and Alternatives in Finland Inflation and increasing production costs drove unit prices up in 2022 and this continued during the beginning of 2023. As a result, competition became more intense, as consumers paid attention to price points, working on reduced disposable budgets. In addi ... Read More
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Dairy Products and Alternatives in Morocco
Dairy Products and Alternatives in Morocco Following a robust economic rebound in 2021, Morocco's economic performance in 2022 took a downturn, registering marginal growth. This decline was largely attributed to unfavourable economic conditions, particularly impacting the agricultural sector due to ... Read More
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Butter and Spreads in Vietnam
Butter and Spreads in Vietnam In 2023, margarine and spreads is projected to continue to be the dominant category in retail volume and value sales terms, followed by butter, with cooking fats sales still negligible. The popularity of margarine and spreads is underpinned by its versatility for baking ... Read More
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