Butter and Spreads

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…

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…

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…

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…

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…

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…

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…

Volume growth is expected to be muted for butter in 2023. With inflation still high, though easing, consumers are expected to be price sensitive and as a result opt for more affordable margarine and spreads rather than butter. The situation is…

The sale of unpackaged butter and ghee products in rural areas remains strong in Pakistan. However, urban consumers are becoming more hygiene conscious and are looking for more convenient butter and ghee formats, with many opting for packaged…

In March 2022, as pandemic restrictions gradually eased, a coexistence with the virus emerged. Consequently, the number of confirmed cases began to peak, reaching new daily highs. During the initial two quarters of 2022, most consumers stayed home to…