Butter and spreads will register healthy constant value and volume growth over the forecast period. While inflation will continue to be a factor, the economy will be buoyed by rising oil and gas prices, and overall the economy should see stable a performance over the forecast period and this will support volume sales.
It is expected that local production will gain value share in Kazakhstan. It is estimated to be at around 80% in 2022 and with predicted continuing trade disruptions with Russia, Belarus and Ukraine, this local value share will grow further over the forecast period, as the war in Ukraine continues.
There is potential for growth and differentiating from competitors by offering value-added benefits within butter and spreads. With consumers increasingly looking for added health benefits from their dairy intake, there will be increased value-added offerings, such as with added fortified benefits.
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Butter and Spreads
This is the aggregation of butter, cooking fats and margarine and spreads.See All of Our Definitions
This report originates from Passport, our Butter and Spreads research and analysis database.
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