Sales of dairy products and alternatives maintained steady growth in Honduras in 2022, benefiting from the return of parents to the workplace and children to their places of education and subsequent boost in impulse purchases. The market also benefits from the rising middle class, growth of modern grocery retailers and urbanisation.
In 2022, Honduras saw sustained growth in sales of dairy products and baby food. Growth was driven by particular consumer groups who had begun to recover from the negative impacts on the economy of tropical storms Eta and Iota as well as the global pandemic.
In Honduras, most people eat three meals a day comprised of breakfast, lunch and dinner, with lunch being the most significant and largest daily meal. In the past, the typical traditional Honduran diet was comprised of starches, fresh fruit, and meat, usually in Caribbean-style dishes.
In 2022, the Honduran economy began to recover from the negative effects caused by tropical storms Eta and Iota and the COVID-19 pandemic. An important driver for greater disbursement among Hondurans is the increase in remittances: According to the Honduran Council of Private Enterprise, the flow of these resources registered year-on-year growth of close to 37% in 2021, reaching some USD8,685 million, with a projection for 2022 of close to USD9,048 million.
The dairy products and alternatives market in Honduras is mainly driven by retail sales. Home consumption is frequent in cheese, drinking milk products and yoghurt.
The majority of dairy products and alternatives categories are set to register positive growth in value sales over the forecast period. The category will benefit from the resumption of the school milk programme and the return of children to their places of education as well as the popularity of cheese, bread and cakes in the country.
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Dairy Products and Alternatives
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