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…

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…

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,…

The low availability of raw milk and difficulties in the supply chain of dairy products, especially in the wake of El Niño, has led to high and rising prices across other dairy. Companies have developed alternatives to bypass final prices hikes by…

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…

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…

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…

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,…

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…

In 2024, inflation remained high in Ethiopia, boosting current value sales of dairy products but hindering retail volume growth, which was modest overall. Packaged butter and spreads experienced marginal decline, as many opted for lower-priced…

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…

This report highlights the urgency for companies in the Packaged Food sector to adopt transparent, effective sustainability communication to manage risks, meet legislative demands and leverage opportunities. It emphasises the necessity for firms to…

Following years of challenges inhibiting launch activity, due to stockouts, SKU rationalisations and product framework optimisations, manufacturers are now ambitious about providing value to consumers through healthier, more sensorial, and culturally…

Yoghurt is perceived by local consumers as a clean and healthy dairy snack, and with health being the top priority for many, yoghurt producers in South Korea are shifting to reflect this growing focus. As a result, yoghurt that fails to meet…

Retail volume and value sales of soy drinks in South Korea continue to steadily decline. Local consumers now have a wider range of options beyond soy drinks with the emergence of various plant-based milk variants such as almond and oat milk. As…

Within other dairy in South Korea, overall demand for coffee whiteners continues to decline, primarily due to three key factors. The first is the advancement of RTD beverages. The increasing variety and convenience of RTD coffee drinks are attracting…

Due to challenges related to low birth rates and an ageing population, the retail demand for drinking milk products in South Korea is generally declining. The shrinking size of the category, which primarily targets children and adolescents, reflects…

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…

Retail value and volume sales of cheese in South Korea continue to increase in 2024, spanning soft cheese, hard cheese, spreadable cheese, and processed cheese. Currently, South Korean consumers are exhibiting polarised taste preferences, with a…

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…