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Learn moreOct 2020
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Butter and spreads is expected to see a spike in retail volume and retail current value sales in 2020 as consumers are warned that unpackaged food products are less hygienic than packaged foods. Whereas the traditional method of selling unpackaged butter in open-air markets is generally popular in Uzbekistan (especially in rural areas) it is expected that customers will purchase a higher volume of packaged butter in 2020 as a result of the spread of COVID-19.
The major constraint expected to affect the growth of butter in 2020 is the introduction of a 20% VAT in 2019 for local manufacturers. As such, margarine and spreads will continue to drive volume and value sales in butter and spreads in 2020.
Nestlé is expected to increase its value share in 2020, maintaining its leadership in butter due to its firm reputation in Uzbekistan as a producer of high quality and tasty butter. The company has very strong brand awareness in Uzbekistan and continues to win customer favour as it invests in distribution expansion across the country.
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Discover the latest market trends and uncover sources of future market growth for the Butter and Margarine industry in Uzbekistan with research from Euromonitor's team of in-country analysts.
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