Margarine and spreads will continue to drive retail volume and current value sales within butter and spreads over the forecast period. This due its low price, which will be particularly attractive to consumers in the wake of continuing economic uncertainty.
By contrast, demand for butter will remain hampered by competition from cheaper products sold in open-air markets, in view of increasing economic uncertainty. This trend will be particularly notable in regions outside of Tashkent, where modern trade penetration is comparatively low, and consumers are less loyal to particular brands.
Local producers will continue to be active in margarine and spreads, as these products are less complicated to produce than butter. Over the forecast period, domestic players such as Good Food Group QK MChJ, Chromos Production QK MChJ and Milk Euro Food QK MChJ are expected to introduce new, attractively priced products, particularly those focused on meeting the needs of health-conscious consumers.
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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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