Inflation rose substantially towards the end of the review period, prompting consumers to seek promotions and offers. Despite ongoing inflation in 2024, supply issues have stabilised, with brands adjusting prices and leveraging promotions to boost sales.
Dairy products and alternatives continues to experience inflationary pressures in 2024. Consumers remain cautious when buying, seeking promotions and offers to save money.
In Honduras, most people eat three meals a day comprised of breakfast, lunch and dinner, with lunch being the most significant and largest daily meal. In the past, the typical traditional Honduran diet was comprised of starches, fresh fruit, and meat, usually in Caribbean-style dishes.
In 2024, the Honduran population is estimated at around 10.8 million.
Road infrastructure remains deficient in Honduras, particularly in rural areas with unpaved roads that become difficult to traverse during the rainy season. The government seeks to strengthen road infrastructure through projects like the Honduran Social Investment Fund (FHIS), which announced an investment of HNL1,872 million in road improvement projects over the next four years, aiming to repair between 5,500 and 6,000 kilometres of roads.
Over the forecast period, sales of dairy products and alternatives are set to see sustained, though moderate growth in retail value terms. Several of the products, such as milk, cream and cheese are already highly incorporated into the eating habits of the majority of the Honduran population.
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Understand the latest market trends and future growth opportunities for the Dairy Products and Alternatives industry in Honduras with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Dairy Products and Alternatives industry in Honduras, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Dairy Products and Alternatives
This report originates from Passport, our Dairy Products and Alternatives research and analysis database.
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