Category: Butter
Butter market research reports by Euromonitor International
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Butter and Spreads in Canada
Butter and Spreads in Canada Butter and spreads growth remains stagnant in 2023. The category is facing one of the steepest price increases, as inflation reaches a record high. Although the overall Canadian Consumer Price Index (CPI) experienced a decline in the early months of 2023, food inflation ... Read More
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Butter and Spreads in France
Butter and Spreads in France Butter benefited from the first year of home seclusion during the pandemic, with retail sales climbing as consumers cooked and baked more frequently at home. While retail volume sales continue to decline in 2023 following a notable drop the previous year, demand remains ... Read More
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Butter and Spreads in Costa Rica
Butter and Spreads in Costa Rica Current value sales are expected to increase, along with an overall healthy increase in volume sales. While there is still economic uncertainty, as a result of rising inflation, the growth in inflation is expected to ease. That being said, consumers are expected to c ... Read More
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Butter and Spreads in South Africa
Butter and Spreads in South Africa In 2023, double-digit food inflation has seen consumers reduce their overall consumption across categories, with butter, cooking fats, and margarine and spreads all set to see retail volume declines. This is the second year that the prices of margarine and spreads ... Read More
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Butter and Spreads in Indonesia
Butter and Spreads in Indonesia Butter and spreads maintains positive growth in 2023, thanks to a combination of factors, including a return to on-the-go lifestyles and trends which emerged during the COVID-19 pandemic. Butter and spreads are commonly used in preparing quick breakfasts before school ... Read More
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Butter and Spreads in the Czech Republic
Butter and Spreads in the Czech Republic Butter consumption in the Czech Republic was challenged following the surge caused by the COVID-19 pandemic. This decrease in retail volume continued in 2022, with the significant increase in prices impacting sales, but in 2023, we expect the consumption to s ... Read More
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Butter and Spreads in New Zealand
Butter and Spreads in New Zealand As New Zealanders’ dairy spread of choice, butter continues to dominate, and is set to reach value sales of over NZD250 million in 2023, whereas margarine is lagging far behind, expected to reach NZD33 million. This discrepancy shows a clear preference amongst consu ... Read More
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Butter and Spreads in Australia
Butter and Spreads in Australia Within dairy, butter is the most consumed product within butter and spreads, with higher sales than margarine and spreads, and cooking fats combined. This was not always the case in Australia, as margarine was the more popular spread amongst consumers. However, recent ... Read More
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Butter and Spreads in Italy
Butter and Spreads in Italy During the Coronavirus (COVID-19) pandemic, consumers found or rediscovered a passion for cooking/baking and the demand for quality, but also traditional, butter increased. Thus, COVID-19 in Italy saw demand increase strongly as consumers stocked up on butter, not least f ... Read More
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Dairy Products and Alternatives in Bosnia and Herzegovina
Dairy Products and Alternatives in Bosnia and Herzegovina Dairy products and alternatives continues to enjoy strong double-digit growth in current value terms, driven by significant unit price increases across all dairy categories. The inflationary pressure which began back in 2022 continued through ... Read More
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Dairy Products and Alternatives in China
Dairy Products and Alternatives in China Retail sales of dairy products and alternatives experienced a fairly static performance in current value terms in 2023, following the more significant decline of the previous year. This latter was predominantly due to disruptions caused by the COVID-19 pandem ... Read More
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Dairy Products and Alternatives in France
Dairy Products and Alternatives in France 2023 is being marked by an overall decrease in retail volume sales for many dairy products and alternatives in France, accompanied by an increase in value sales. The latter is being driven by notable price rises, due to the combination of increased costs in ... Read More
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Dairy Products and Alternatives in Chile
Dairy Products and Alternatives in Chile 2023 has undoubtfully been challenging for dairy products and alternatives in Chile, mostly in terms of volume growth, because due to high inflation rates that the country is experiencing, value growth is offsetting the strong reduction in volumes. In an econ ... Read More
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Dairy Products and Alternatives in Hong Kong, China
Dairy Products and Alternatives in Hong Kong, China Retail volume sales of dairy products and alternatives in Hong Kong showed a slight resurgence in 2022 as the pandemic subsided, and this is set to continue in 2023, benefiting from the restoration of local consumption and the return of tourists. A ... Read More
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Dairy Products and Alternatives in Austria
Dairy Products and Alternatives in Austria Dairy products and alternatives is set to record stagnant current retail value sales in 2023, while dairy continues to generate the bulk of sales. With the health and wellness trend rising, dairy products benefit from generally being considered healthy. In ... Read More
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Dairy Products and Alternatives in Denmark
Dairy Products and Alternatives in Denmark Following the unprecedented price hikes seen in dairy and alternatives in 2022, retail prices have fallen slightly in 2023. Consumption levels have improved compared to the previous year, but retail prices remain high, with global and European stock exchang ... Read More
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Butter and Spreads in Argentina
Butter and Spreads in Argentina Butter and spreads registered a decline in retail volume sales in 2022, which is set to continue throughout 2023. The decline results from the high level of sales reached in 2020 during the pandemic, with many people preparing home-made meals. Despite this, sales of b ... Read More
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Butter and Spreads in Austria
Butter and Spreads in Austria Following the record-high growth rates for Butter during 2022, due to inflation and the higher cost of energy, boosting price points, the average unit price of Butter slightly declined in 2023. The amount of special offers for branded butter products continues to be hig ... Read More
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Butter and Spreads in Bulgaria
Butter and Spreads in Bulgaria Butter and spreads continue to witness decline in retail volume sales due to price inflation. Butter was among the food categories with the highest price growth in 2022 as players faced soaring costs. Retail prices continued to increase in the first half of 2023 due to ... Read More
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Butter and Spreads in Croatia
Butter and Spreads in Croatia Despite the recovery of pre-pandemic lifestyles, with Croatians returning to office workplaces and spending less time at home, margarine sales continue to decrease. In recent years, margarine has been labelled as a less healthy option than butter, and has been unable to ... Read More
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Butter and Spreads in Hong Kong, China
Butter and Spreads in Hong Kong, China The consumption of butter in Hong Kong experienced robust total volume growth following the initial pandemic disruption. Over the course of recent years, butter consumption in Hong Kong has been consistently influenced by a variety of lifestyle trends, with two ... Read More
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Butter and Spreads in Azerbaijan
Butter and Spreads in Azerbaijan Butter and spreads are seeing retail prices fall in 2023, following a period of dynamic price increases in 2022. Current value sales have been pushed into decline as the inflation rate slowed in Azerbaijan and logistical supply chains were adjusted to support an incr ... Read More
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Butter and Spreads in Colombia
Butter and Spreads in Colombia Colombia is facing potential shortages in butter, as a large proportion of milk production is used to produce cheese, yogurt and drinking milk. Dairy producers have struggled to meet demand amid a shortage in milk, especially during the first trimester of the year. Mar ... Read More
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Dairy Products and Alternatives in Thailand
Dairy Products and Alternatives in Thailand Inflationary pressures continue in 2023, although to a lesser extent than seen in 2022. Within this context, various players decided to increase their prices in order to protect their margins from their own higher costs – especially so in drinking milk, ch ... Read More
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Dairy Products and Alternatives in Azerbaijan
Dairy Products and Alternatives in Azerbaijan Dairy products and alternatives are witnessing significant growth in current value terms, due to inflation and higher production costs, which is placing upward pressure on retail prices. Consumer price sensitivity remains strong with a high proportion of ... Read More
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