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.
Butter and spreads are staple pantry items in Filipino households, frequently used in both home cooking and baking. These products are integral to a variety of traditional dishes, such as adobo variations, and are also popular as spreads for bread,…
The market for butter and spreads in Thailand is set to see fairly modest growth in retail volume terms in 2024, continuing the trend of the previous year. Unlike in Western countries, butter is not traditionally a staple in Thai cuisine, where…
Freed from the restrictions on movement seen during the pandemic, 2023 saw a surge in consumers dining out. After relying on home-cooked meals during the pandemic, consumers were keen to begin indulging in dining out again, significantly reducing the…
In 2023, overall butter and spreads in South Korea is expected to continue to show positive growth in retail current value terms, although the growth rates vary across different categories. While inflation has contributed to the overall sales…
Foodservice volume sales of butter and spreads are expected to continue to grow moderately in Singapore in 2024, driven by the domestic growth momentum for dining out. Butter is commonly used as an ingredient in the preparation of numerous dishes…
In 2024, several prominent brands in Pakistan have expanded their product portfolios to include butter, responding to the increasing consumer preference for natural and unprocessed food products. These brands are capitalising on their established…
Butter and spreads in Malaysia is projected to see a marginal increase in retail current value sales in 2024, However, this is due to price hikes, as retail volume sales drop strongly. Cooking fats is expected to see a double-digit drop in retail…
Butter and spreads is achieving healthy retail values sales in Kazakhstan in 2024, although the overall category retail volume sales are in a slight negative slump. However, this is due to the more negative performance of margarine and spreads, while…
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…
The market for butter and spreads in Indonesia is expected to maintain its positive growth trajectory into 2024. These products are regarded as essential staples in many households, being frequently utilised for cooking and baking. Despite the full…
Value sales of butter and spreads recorded double-digit growth in 2023, with demand rising steadily. Traditionally in India, butter and ghee has been prepared at home from milk as it is considered more budget-friendly. Butter and ghee are extensively…
The sustained rise in retail prices and the higher cost of living in Hong Kong have made consumers increasingly cautious with their spending habits. In response to these economic challenges, local consumers increasingly seek out alternative avenues…
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…
Overall, there is expected to be a moderate increase in volume sales of butter and spreads in Azerbaijan in 2024. While volume sales are higher for margarine and spreads, volume sales of butter are also substantial and butter is expected to register…
Baby food is set to see value sales rise in current terms in Vietnam in 2024, while volume sales are expected to stagnate. Value sales have been bolstered by the rise in consumer health awareness, with demand for products that enhance the functioning…
In spite of continuing high inflation, baby food in Uzbekistan is expected to register both healthy constant value and volume growth. An increasing birth rate, as well as positive economic growth, support volume sales. Value sales of baby food are…
Despite the Philippines demonstrating a declining birth rate in the past decade, baby food remained resilient in the review period, with incumbent players maintaining stable distribution and above-the-line marketing to fuel moderate growth. The…
Despite an improving economy, the market for baby food in Thailand is set to see slower growth in retail volume terms in 2024, when compared to the previous year. Milk formula, the dominant segment in terms of sales, continues to faces challenges due…
2024 is the Year of the Dragon in Taiwan. According to tradition, whenever it is the Year of the Dragon, the birth rate in Taiwan tends to increase, because Taiwanese parents generally believe that people born under the dragon sign are said to be…
Baby food is set to continue to exhibit growth in retail current value terms in South Korea in 2023, with some variations observed at the category level. This increase in value sales can be attributed to inflation-induced p rice rises, as when…