In recent years milk production has increased in Bolivia and this will be a positive for butter over the forecast period. In particular, with increased butter production, there will be increased competition, and this could potentially lead to a fall in prices.
During the forecast period, butter and spreads will encounter challenges of maturity. Players need to attempt to boost value sales by launching health and wellness type products with clearly defined functional and fortified offerings.
Although cooking fats will continue to be used over the forecast period, demand will be weakened by the increasing use of substitute ingredients that are considered healthier by consumers in the middle to high-income segments. As a result, cooking fats will be impacted by rising awareness of the disadvantages of eating saturated fats, but butter and margarine and spreads are set to benefit from contrasting health and wellness trends.
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Butter and Spreads
This is the aggregation of butter, cooking fats and margarine and spreads.
See All of Our DefinitionsThis report originates from Passport, our Butter and Spreads research and analysis database.
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