Retail volume sales of sweet spreads will continue to decline during 2023 but begin to expand again during the latter part of the forecast period. Growth in retail current value sales will largely be driven by a rise in unit price.
Private label will continue to grow in importance in sweet spreads during the forecast period, due in part to the rise in retail prices of packaged food, including sweet spreads, but also generally in the cost of living. As a result of this, many local consumers are set to remain very price sensitive.
E-commerce emerged as a small, but significant, distribution channel for sweet spreads during the COVID-19 pandemic and ensuing lockdowns, with players like Envasadora Vizcaya CA working with such on-demand delivery services as Glovo, Hugo, Uber and PedidosYa. Urban consumers can now order sweet spreads via their smartphones and pay with a card or cash on delivery.
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Understand the latest market trends and future growth opportunities for the Sweet Spreads 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.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Sweet Spreads 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.
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.See All of Our Definitions
This report originates from Passport, our Sweet Spreads research and analysis database.
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