Category: Food & Beverage
Food & Beverage market research reports by Euromonitor International
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Sweet Spreads in South Korea
Sweet Spreads in South Korea Sweet spreads is set to see a slight retail volume decline in South Korea in 2024, along with solid retail current value growth. Like other packaged food categories, jams and preserves is also adapting to the demand for low sugar and low calorie options. Consequently, co ... Read More
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Meals and Soups in Hong Kong, China
Meals and Soups in Hong Kong, China Although retail demand for meals and soups in Hong Kong remains above pre-pandemic levels in 2024, the category is a weak performer, with marginal decline in retail volumes and low single-digit value growth. The overall demand for meals and soups is undynamic due ... Read More
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Drinking Milk Products in Brazil
Drinking Milk Products in Brazil In the first quarter of 2024, Rio Grande do Sul, the southernmost state of Brazil, saw one of the biggest natural disasters in the history of the country. The state experienced heavy rain and flooding, leaving most municipalities underwater, and many thousands of hou ... Read More
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Plant-Based Dairy in Brazil
Plant-Based Dairy in Brazil Less mature plant-based dairy categories in Brazil, such as other plant-based milk, and plant-based cheese, have experienced rapid growth in recent years, driven by a confluence of factors. Increasing consumer awareness of the environmental, health, and ethical benefits o ... Read More
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Baby Food in Brazil
Baby Food in Brazil Baby food is set to maintain solid retail current value growth in Brazil in 2024, with milk formula continuing to account for the highest share of sales. Despite ongoing discussions about the benefits of breastfeeding, milk formula maintains its relevance in the Brazilian market, ... Read More
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Sauces, Dips and Condiments in South Africa
Sauces, Dips and Condiments in South Africa Retail demand for sauces, dips and condiments in South Africa continues to fall in 2024, driven by challenges for sauces, the dominant value category. However, there is some discrepancy, as demand for recipe sauces, particularly dry recipe sauces used to p ... Read More
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Meals and Soups in South Africa
Meals and Soups in South Africa Retail demand for meals and soups in South Africa continues to rise in 2024 in line with review period trends. Demand for meals and soups is being supported by the convenience of these meal solutions, especially during loadshedding periods. Certain consumers, especial ... Read More
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Edible Oils in the US
Edible Oils in the US Although not as high as in 2022, inflationary pressures persisted in edible oils in the US in 2023, and this has continued in 2024, influenced by a complex interplay of various headwinds, including geopolitical conflicts, climate change, and rising energy costs. For example, th ... Read More
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Edible Oils in South Africa
Edible Oils in South Africa Retail volume sales of edible oils in South Africa continue to fall in 2024, albeit at a much slower pace compared to the previous year, as consumers continue to return to foodservice – demand for edible oils through the latter channel continues to rise in line with great ... Read More
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Sauces, Dips and Condiments in Hong Kong, China
Sauces, Dips and Condiments in Hong Kong, China Retail volume sales of sauces, dips and condiments in Hong Kong remain flat and below pre-pandemic levels. Weak demand is being driven by several factors, including greater mobility outside of the home, with many busy consumers preferring to dine out i ... Read More
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Sauces, Dips and Condiments in South Korea
Sauces, Dips and Condiments in South Korea The current health-related trends have driven innovation in low sugar and low calorie products across packaged food in South Korea, also impacting sauces, dips and condiments. Most sauces brands are now targeting health-conscious consumers by emphasising ke ... Read More
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Sweet Spreads in South Africa
Sweet Spreads in South Africa Retail volume sales of sweet spreads in South Africa continue to rise in 2024, mainly driven by the most popular type, nut and seed based spreads. However, overall volume growth of sweet spreads is low due to economic pressures. Many South Africans continue to struggle ... Read More
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Yoghurt and Sour Milk Products in Brazil
Yoghurt and Sour Milk Products in Brazil Alongside the challenges faced by the dairy industry in terms of milk supply difficulties, and thus higher costs, the differing production processes for yoghurt have increased costs for products that are often considered non-essential, and targeted towards ni ... Read More
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Cooking Ingredients and Meals in the US
Cooking Ingredients and Meals in the US In cooking ingredients and meals in the US in 2024, retail current value sales are set to maintain slow and stable growth, while retail volume sales are expected to struggle to achieve growth overall. While 2024 has seen inflation ebb in the US in general, in ... Read More
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Cooking Ingredients and Meals in South Africa
Cooking Ingredients and Meals in South Africa Overall retail demand for cooking ingredients and meals in South Africa continues to fall, as the economic difficulties of 2023 remain of concern in 2024. Inflation levels in the country remain fairly high, despite the high interest rates. This is in par ... Read More
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Sauces, Dips and Condiments in the US
Sauces, Dips and Condiments in the US As the recent steep unit price growth in packaged food tempered in he US in 2023, volume trends inflected towards the positive for some sauces, dips and condiments categories that had fared a difficult 2022. Mayonnaise, continually stricken by supply chain woes ... Read More
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Cheese in Brazil
Cheese in Brazil Brazil’s weather patterns are affected by the alternating La Ninã and El Niño phenomena, which have had greater impacts in recent years. El Niño, which started in 2023 and continued in 2024, caused one of the biggest natural disasters in the history of the country in the first quart ... Read More
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Cooking Ingredients and Meals in Hong Kong, China
Cooking Ingredients and Meals in Hong Kong, China Overall retail growth of cooking ingredients and meals in Hong Kong remains tepid in 2024, with low single-digit growth in value sales terms and a marginal decline in volume terms. Shifting consumer behaviour towards dining out and travelling abroad ... 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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Meals and Soups in South Korea
Meals and Soups in South Korea In terms of distribution, sales of meals and soups in South Korea are not only driven by traditional channels such as hypermarkets, but by convenience stores and retail e-commerce platforms. In 2024, these latter two channels are together expected to account for nearly ... Read More
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Sweet Spreads in the US
Sweet Spreads in the US Sweet spreads saw retail volumes plateau in the US in 2023. Entering 2023, prices remained as high as or even higher than in 2022, with unit price growth aggressively slowing down only in the second half of 2023. For the full year, this resulted in a very minimal slowdown in ... Read More
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Where Consumers Shop for Hot Drinks
Where Consumers Shop for Hot Drinks The global hot drinks market is set for growth by 2028, with coffee leading at 52% of value growth, while tea grows fastest due to Asian markets and premiumisation. Coffee will drive 51% of volume growth, mainly in Latin America, the Middle East, and Africa. E-com ... Read More
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Luxury Goods in China
Luxury Goods in China Retail value sales of luxury goods in China are rising by 4% in 2024 in current terms, to stand at CNY3.26 trillion. Growth in sales is fuelled by consumers’ increased desire to live in the moment and enjoy life, as well as rising interest in purchasing luxury goods as investme ... Read More
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Fine Wines/Champagne and Spirits in China
Fine Wines/Champagne and Spirits in China Current value sales of fine wines/champagne and spirits are rising by 3% to total CNY853.3 billion in China in 2024, boosted by consumers’ renewed and growing appetite for luxurious experiences and enjoyment. Socialising over a drink with friends remains a p ... Read More
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Fine Wines/Champagne and Spirits in the Philippines
Fine Wines/Champagne and Spirits in the Philippines Sales of fine wines/champagne and spirits in the Philippines in 2024 are being supported by the robust performance seen in the hospitality sector, especially hotels and casinos, since the end of the pandemic era. As noted in a cross-category trend, ... Read More
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