Asia Pacific

In 2024, dairy products and alternatives in Bangladesh have witnessed strong price increases, particularly in categories like baby food and dairy. Nonetheless, both have maintained volume growth as consumers prefer to switch to lower-priced brands…

In 2024, it is expected to be a positive picture for dairy and alternatives in Azerbaijan, with a healthy increase in constant value sales, as well as a moderate increase in volume sales. Inflation is easing, though consumers still remain price…

Cheese is expected to see current value growth in Vietnam in 2024. Growth is set to occur despite the category being negatively impacted by challenges to import activities at the end of the review period, with most brands in cheese being imported.…

Cheese in Uzbekistan is expected to register modest volume and constant value growth in 2024. Continuing population growth support volumes sales. Soft cheese is more traditional in Uzbekistan continues to account for most value sales and is also…

In the Philippines, sales of cheese are predominantly accounted for by spreadable cheese and processed cheese; the former faces competition from various spreads, but has shown notable resilience in 2024. Despite the challenges from competing…

Demand for cheese in Thailand continues to surge, as consumers increasingly embrace Western cuisine, spurring innovation and diversification in product offerings. This trend is particularly prevalent among especially younger generations, who are…

Retail consumption of cheese remains low in 2024, despite seeing an improved performance in volume terms compared to 2023. In 2023, most consumers returned to their pre-pandemic lifestyles. After years of frequent home-cooked meals, there was a surge…

In 2023, cheese in South Korea is expected to continue to thrive in retail current value terms, building on the positive growth observed in the previous year. However, a notable opposite trend has emerged in volume terms, as all cheese categories…

Despite already having returned to the pre-pandemic level of sales in 2023, foodservice volume sales of cheese are expected to continue to see moderate growth in Singapore in 2024. This is due to the growth momentum for dining out domestically, the…

The use of cheese in various culinary applications is experiencing a significant rise in Pakistan in 2024, largely driven by the growing popularity of Western cuisine and fusion dishes. Cheeses such as mozzarella, cheddar, and feta are becoming…

Cheese in Malaysia is projected to see moderate retail current value growth over 2024, although this is due to price hikes as retail volume sales fall strongly across the board. Nonetheless, cheese has gained popularity through perceived nutritional…

While cheese is seeing a healthy retail value performance in Kazakhstan in 2024, supported by high prices, retail volume sales achieve only small growth. It is noted that cheese has a long way to go to reach its potential in the country, and that…

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…

Cheese is expected to see an especially strong performance in Indonesia in 2024 as consumers embrace its versatility, not only as an ingredient in pastries and savoury dishes, but also in desserts. At the same time, the expanding variety of cheese…

Retail demand for cheese in India continued to grow in 2023, as major players introduced new variants and expanded their ranges to cater for different consumption occasions. There is increasing demand for Western breakfasts among urban households,…

Retail value sales of cheese in Hong Kong declined in the first half of 2024, primarily driven by a decrease in the overall unit price due to a heightened price war among players. While raw material and energy costs have stabilised compared to the…

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…

Cheese is expected to register moderate volume growth in Azerbaijan in 2024. Soft cheese still accounts for most volume sales, followed by hard cheese. However, spreadable cheese is expected to register the highest volume growth, though from a low…

Butter and spreads is set to see current value growth in Vietnam in 2024. The popularity of margarine and spreads is underpinned by its versatility for baking and cooking, alongside affordability considerations. In general, Vietnamese consumers use…

Despite continuing high inflation, butter and spreads in Uzbekistan is expected to register healthy constant value and moderate volume growth. A growing population, as well as a growing economy, supports increased sales. Also, an increasing range of…