As Uzbeks stockpiled groceries at the beginning of the lockdown in 2020, consumers made bulk purchases of the popular items used widely in meals. Retail sales of tomato pastes and ketchup will show the strongest growth, driving the overall increase in sauces, dressings and condiments sales in both retail volume and value terms.
Many consumers wishing to stockpile condiments at the beginning of the lockdown opted to purchase items, particularly mayonnaise, in larger packages. As a result of this, mayonnaise will show stronger retail volume than current value growth in 2020.
As a greater number of Uzbek consumers prepared evening meals at home during the period of 2020 when foodservice outlets were closed, retail chains such as LeBazar offered promotions and discounts on their glass jars of herbs and spices. LeBazar focussed its promotions on its chicken and garlic seasoning and its milled red pepper.
As Uzbekistan copes with currency instability as a consequence of the COVID-19 pandemic, and consumers become ever more price sensitive, growth in sauces, dressings and condiments during the forecast period is expected to come from cheap local brands. One such item expected to increase in popularity among consumers is the Monarkh ketchup brand, which is likely to take share from the more expensive Heinz ketchup.
As consumers see their levels of disposable income decrease throughout the forecast period, a greater number of Uzbeks are expected to turn away from packaged herbs and spices. Many will seek to save money by purchasing these products in an unpackaged format at open air markets and smaller traditional grocery retailers, with these sales excluded from the scope of this report.
Consumption of herbs and spices in Uzbekistan is expected to grow for the duration of the forecast period, as it is a staple in many traditional meals for a population that is growing. Due to economic concerns, and consumers’ increased desire to get value for their money, producers are expected to sell a greater range of their products in larger (100-300g) packages.
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This report originates from Passport, our Sauces, Dressings and Condiments research and analysis database.
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