Understand the cultural and socioeconomic influences that shape i...
Understand the cultural and socioeconomic influences that shape industry demand throughout Asia-Pacific, with local insight, market statistics and analysis ranging from strategic regional overview to in-depth coverage by country or city.
In 2024, retail sales of butter in the Chinese market are expected to record a mid-single-digit decline in current value terms. This decrease is primarily due to reduced demand for home baking, as post-pandemic, Chinese consumers have been spending…
In 2023, even though the costs of raw materials such as palm oil and soybean oil stabilised, the prices of butter and spreads in Japan increased due to the rising costs of packaging, labour, and transportation. This led to price revisions throughout…
Both retail current value and volume sales of cheese are expected to continue to see double-digit declines in China in 2024. Falling sales are primarily being driven by the sharp drop in sales of cheese sticks seen within processed cheese (excl…
During 2023, cheese experienced its highest ever annual increase in the average unit price, with a double-digit growth rate. This was due to a surge in the cost of imported raw materials for cheese. Major manufacturers had to revise cheese prices…
Retail current value sales of dairy products and alternatives in China in 2024 are projected to continue the downwards trend observed in the previous year, with an anticipated decline in the mid-single digits, with retail volume sales also set to…
In 2024, dairy products and alternatives in Japan is expected to see moderate growth in current value terms, due to increases in unit prices resulting from price revisions in 2023. Dairy products and alternatives experienced significant value growth…
Retail sales of drinking milk products in China are expected to see a slight decline in current value terms in 2024, due to several compounding factors. For instance, the overall economic environment remains weak, therefore dampening consumer demand.…
In 2024, drinking milk products in Japan is expected to see an increase in retail current value terms due to rises in unit prices, following price revisions already made in 2023. However, as a result of price rises, retail volume sales are…
The other dairy category is set to see stabilisation of its retail volume and current value sales in China in 2024, after seeing significant declines in 2023. The previous declines were mainly due to the shift in consumer behaviour following the end…
In 2024, other dairy in Japan is expected to see growth in retail current value terms, due to price rises implemented in 2023, which have continued, although to a lesser extent, in 2024. These price changes were implemented because the production of…