Chocolate confectionery is expected to see double-digit growth in current value terms and triple-digit growth in foodservice volume terms in Uzbekistan in 2021. This will reflect both a return to pre-pandemic consumption levels outside of the home and significant increases in average unit prices as a result of recent currency devaluation.
Chocolate confectionery in Uzbekistan remains highly fragmented. Konti-Rus ZAO is expected to retain the top rank in 2021, consolidating its share.
Retailing is highly consolidated in Uzbekistan, with only a few significant retail channels operating. Traditional grocery retailers is once again expected to dominate retail value share in 2021.
In the coming years, chocolate confectionery will see robust current value growth, although this will remain slower than that recorded across the review period. This will partly reflect significant increases in average unit prices as a result of currency devaluation, as well as some degree of premiumisation.
Devaluation of the local currency in Uzbekistan has played a part in increasing unit prices in chocolate confectionery due to the category’s strong dependence on imported products, with even domestic manufacturers importing ingredients from abroad. Indeed, chocolate confectionery unit prices are rising faster than within overall confectionery, thus driving strong value growth, despite only a modest increase in demand.
As a category, chocolate confectionery is far from saturated in Uzbekistan, with significant opportunities for means players to gain retail value share through differentiation. Although local population will remain price sensitive for the foreseeable future, nevertheless brands that can offer luxury taste experiences at affordable prices will likely perform well in the coming years.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Uzbekistan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Chocolate Confectionery industry in Uzbekistan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Chocolate Confectionery research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Home Page