In 2021, fresh milk is anticipated to see negative sales growth, while shelf stable milk and milk alternatives are anticipated to register moderate to high volume and value growth, respectively. Towards the end of the review period, consumers began heavily increasing their awareness about milk alternatives, and as a result other milk alternatives are increasing their presence on store shelves in 2021.
In 2020, companies focused on gaining more control of their supply chain, mainly with the local production of milk, as a reaction to the disturbances caused by COVID-19. Towards the end of the review period, the Dominican Republic experienced an extreme drought which already impacted local milk production, due to restriction placed on water usage and further planting.
Pasteurizadora Rica SA is expected to maintain leadership in drinking milk products in 2021. Earlier in the year the company extended its portfolio of drinking milk products with other milk alternatives such as Rica Bebida de Almendras, a plant-based alternative to cow’s milk made from almonds.
Over the forecast period, we anticipate more dynamism in the demand for shelf stable milk and milk alternatives. Due to difficulties with maintaining a cold chain in the country, fresh milk is anticipated to portray a negative growth rate in both retail volume and current value terms.
Towards the end of the review period, consumers became increasingly aware about milk alternatives, and as a result greater demand for products such as soy drinks and other milk alternatives is expected over the forecast period. Soy drinks and other milk alternatives are typically distributed mainly in modern retail outlets in urban areas, with the focus on convenient packaging expected to aid growth over the forecast period.
Milk sourced in the eastern region of the Dominican Republic is known by Dominicans to be nutritionally deficient, lacking in essential vitamins. This might trigger a growth in demand for fortified milk in the forecast period.
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 Drinking Milk Products industry in Dominican Republic 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 Drinking Milk Products industry in Dominican Republic, 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 Drinking Milk Products 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