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Learn moreSep 2020
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Butter and spreads will be negatively impacted in 2020 due to the COVID-19 outbreak. The pandemic has caused a decrease in purchasing power amongst Azerbaijanis, meaning that since lockdown was implemented in Q2, they have been prioritising more essential foods.
Local company Baku Yag & Gida Senaye ASC will continue leading butter and spreads in 2020, with it benefiting from the widespread availability of its products in both modern grocery retailers and traditional grocery retailers. As well as local companies, imports from former Soviet countries such as Russia, Ukraine and Belarus also performed well in 2020, with these typically having lower prices than imported European brands.
Butter and spreads remain popular in Azerbaijan, with these products used as a cooking ingredient as well as separately as a spread on bread and other baked products. Traditionally, butter was regarded as an essential product by consumers.
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Discover the latest market trends and uncover sources of future market growth for the Butter and Margarine industry in Azerbaijan with research from Euromonitor's team of in-country analysts.
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