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Country Report

Butter and Margarine in

Butter and Spreads in Uzbekistan

Aug 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Improving economic outlook and increased domestic production to boost sales

Lower global commodity prices and slowdowns in the neighbouring major economies of Russia and China had a significant negative impact on the economic situation in Uzbekistan during the latter part of the review period. In September 2017, Uzbekistan devalued its currency by almost 50% and ended restrictions on the amount of foreign currency individuals and companies could buy as the government looked to reduce the influence of the black market on the economy, increase access to hard currency and boost investment.

Traditional habits limit development, with informal retailing appealing to many

Rising prices are a significant impediment to the development of demand for packaged food, especially in staple areas in which traditional unpackaged alternatives are readily available via informal retailing channels, including butter. Bazaars represent an important informal distribution channel for staples, often offering products such as meat, vegetables and butter in unpackaged formats and at lower prices than outlets such as supermarkets and independent small grocers.

Entry of new players and government plans to expand agriculture to boost sales

While the potential of packaged butter and spreads is being dampened by difficult economic conditions, increased investment from foreign producers, encouraged by government measures, should have a positive impact on sales. The Denmark-based cooperative, Arla Foods, entered the Uzbekistan dairy market with its Lurpak butter brand during the review period, while Minsky Molochny Zavod No1 plans to launch drinking milk, cheese and butter products under its Slavyanskie Traditsii and Minskaya Marka brands through a store specialising in products from its native Belarus.

COMPETITIVE LANDSCAPE

Nestlé leads butter sales thanks to high quality image

Nestlé continues to lead butter sales in Uzbekistan. Despite charging higher prices than rivals, the company benefits from the fact that its brands are perceived as offering high quality and a better taste.

Domestic players attract price sensitive consumers within margarine and spreads

Domestic companies lead sales in margarine and spreads in Uzbekistan, with 17 key dairy companies producing products in this area. In terms of market approach, these local players keep unit prices as low as possible, thus maximising sales among the large number of price sensitive consumers.

Multinationals strengthened by new VAT legislation for local players

The recent introduction of VAT as part of government agriculture reforms for local dairy companies has negatively impacted the value share of Uzbek players within butter as producers have been forced to pass increased costs on to consumers. While the impact on sales share has been relatively limited as local companies are well-established and mostly operate at regional level, multinationals continue to dominate packaged butter sales in Uzbekistan.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

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.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Butter and Margarine industry in Uzbekistan, our research will save you time and money while empowering you to make informed, profitable decisions.

The Butter and Margarine in Uzbekistan market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Butter and Margarine in Uzbekistan?
What are the major brands in Uzbekistan?
Are consumers in emerging markets moving from unpackaged to packaged oils and fats?
What are the sales prospects for “healthy” cooking oils?
Will retail sales suffer as economic prospects improve and consumers move back to eating out rather than cooking at home?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our:

Packaged Food market research database.

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Butter and Spreads in Uzbekistan - Category analysis

HEADLINES

PROSPECTS

Improving economic outlook and increased domestic production to boost sales

Traditional habits limit development, with informal retailing appealing to many

Entry of new players and government plans to expand agriculture to boost sales

COMPETITIVE LANDSCAPE

Nestlé leads butter sales thanks to high quality image

Domestic players attract price sensitive consumers within margarine and spreads

Multinationals strengthened by new VAT legislation for local players

CATEGORY DATA

Table 1 Sales of Butter and Spreads by Category: Volume 2014-2019
Table 2 Sales of Butter and Spreads by Category: Value 2014-2019
Table 3 Sales of Butter and Spreads by Category: % Volume Growth 2014-2019
Table 4 Sales of Butter and Spreads by Category: % Value Growth 2014-2019
Table 5 NBO Company Shares of Butter and Spreads: % Value 2015-2019
Table 6 LBN Brand Shares of Butter and Spreads: % Value 2016-2019
Table 7 Distribution of Butter and Spreads by Format: % Value 2014-2019
Table 8 Forecast Sales of Butter and Spreads by Category: Volume 2019-2024
Table 9 Forecast Sales of Butter and Spreads by Category: Value 2019-2024
Table 10 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2019-2024
Table 11 Forecast Sales of Butter and Spreads by Category: % Value Growth 2019-2024

Packaged Food in Uzbekistan - Industry Overview

EXECUTIVE SUMMARY

Packaged food continues to grow in Uzbekistan

Changing conditions favouring domestic players

Increasing investment in local infrastructure

Rural population supports traditional grocery retailing

Packaged food to continue seeing growth over the forecast period

FOODSERVICE

Sales to Foodservice

Overall economic situation could have a major influence on consumer foodservice performance
Edible oils and honey to see strong growth in sales to foodservice
Investment in agriculture and production set to boost sales

Category Data

Table 12 Foodservice Sales of Packaged Food by Category: Volume 2014-2019
Table 13 Foodservice Sales of Packaged Food by Category: % Volume Growth 2014-2019
Table 14 Forecast Foodservice Sales of Packaged Food by Category: Volume 2019-2024
Table 15 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2019-2024

MARKET DATA

Table 16 Sales of Packaged Food by Category: Volume 2014-2019
Table 17 Sales of Packaged Food by Category: Value 2014-2019
Table 18 Sales of Packaged Food by Category: % Volume Growth 2014-2019
Table 19 Sales of Packaged Food by Category: % Value Growth 2014-2019
Table 20 GBO Company Shares of Packaged Food: % Value 2015-2019
Table 21 NBO Company Shares of Packaged Food: % Value 2015-2019
Table 22 LBN Brand Shares of Packaged Food: % Value 2016-2019
Table 23 Distribution of Packaged Food by Format: % Value 2014-2019
Table 24 Distribution of Packaged Food by Format and Category: % Value 2019
Table 25 Forecast Sales of Packaged Food by Category: Volume 2019-2024
Table 26 Forecast Sales of Packaged Food by Category: Value 2019-2024
Table 27 Forecast Sales of Packaged Food by Category: % Volume Growth 2019-2024
Table 28 Forecast Sales of Packaged Food by Category: % Value Growth 2019-2024

Megatrends

Country Report

Butter and Spreads in Uzbekistan

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Improving economic outlook and increased domestic production to boost sales

Traditional habits limit development, with informal retailing appealing to many

Entry of new players and government plans to expand agriculture to boost sales

COMPETITIVE LANDSCAPE

Nestlé leads butter sales thanks to high quality image

Domestic players attract price sensitive consumers within margarine and spreads

Multinationals strengthened by new VAT legislation for local players

Overview

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Overview

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Table of Contents

Butter and Spreads in Uzbekistan - Category analysis

HEADLINES

PROSPECTS

Improving economic outlook and increased domestic production to boost sales

Traditional habits limit development, with informal retailing appealing to many

Entry of new players and government plans to expand agriculture to boost sales

COMPETITIVE LANDSCAPE

Nestlé leads butter sales thanks to high quality image

Domestic players attract price sensitive consumers within margarine and spreads

Multinationals strengthened by new VAT legislation for local players

CATEGORY DATA

Packaged Food in Uzbekistan - Industry Overview

EXECUTIVE SUMMARY

Packaged food continues to grow in Uzbekistan

Changing conditions favouring domestic players

Increasing investment in local infrastructure

Rural population supports traditional grocery retailing

Packaged food to continue seeing growth over the forecast period

FOODSERVICE

Sales to Foodservice

Category Data

MARKET DATA

SOURCES

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