Western Europe

The cost-of-living crisis is significantly impacting the lives of the Portuguese. Despite some positive economic indicators, such as economic growth and a slowing down of inflation, people do not perceive any improvement in their daily lives.…

Many producers of cooking ingredients and meals are facing challenges in balancing the rising cost of energy, ingredients, packaging and logistics in 2023. While the prices of many products are rising some of the leading grocery retailers have played…

The war in Ukraine continued to impact cooking ingredients and meals in 2023 by affecting the availability and prices of key ingredients, particularly sunflower oil and seeds. Irish food manufacturers have assessed the medium-term effects of the…

The high rate of inflation and increasing production and transportation costs drove up the unit prices of cooking ingredients and meals significantly in 2022 and 2023. What is more, edible oils saw even sharper movements in price due to the deficit…

Inflation is leading to high unit price growth in all categories in cooking ingredients in meals, pushing value rises over 2022 and 2023. Edible oils has seen much fluctuation due to the deficit of raw materials, transportation difficulties,…

High rates of inflation and pressure on consumers’ purchasing power and disposable incomes strongly impacted demand for cooking ingredients and meals in the Belgian market in 2023. Indeed, following a strong performance in value sales in 2022 mostly…

The growth of gross lending in consumer lending for 2023 is moderate and slower than what was anticipated a year ago. Factors such as surging inflation, an escalating energy crisis exacerbated by the Russian invasion of Ukraine (with its effects…

In 2023, gross lending in the primary category of other personal lending is experiencing a slowdown in growth due to inflation and reduced disposable incomes. Rising prices, coupled with stagnant salaries, have instilled a sense of insecurity in…

Charge cards continued to register a healthy performance in 2023, with a rise in the number and value of transactions. This was linked to the growing popularity of cashless transactions, as consumers become increasing confident about making digital…

The overarching health and wellness trend triggered by the pandemic has placed herbal/traditional medicinal teas, other fruit/herbal teas, and various other teas in a growing and strong position. While consumers are not as concerned about improving…

In recent times, sweet spreads in the UK has experienced challenges including inflation and soaring prices. The ongoing war in Ukraine has had a particularly noteworthy impact on the category. Chocolate spreads and peanut butter, which heavily rely…

Sweet spreads has seen a decline in retail volume terms in 2023, with value growth being driven by continuous price increases rather than an increase in demand. There are various factors behind the decline in volume sales. For instance, inspired by…

Sales of honey have continued to decline in 2023 in retail volume terms. This decline has mainly been seen in sales of larger jars (over 400g), which represent the largest share of the market. Smaller pack sizes (less than 400g) and single formats…

Baseline trends are persisting in sweet spreads, heralding both value and volume growth for chocolate spreads and nut and seed based spreads. Concerning chocolate spreads, consumers appreciate the indulgence of such products as part of their…

There were no store cards with “pay later” options available in Turkey at the end of the review period. All cards issued by retailers are closed loop pre-paid cards that enable payment in specific retail outlets. Over the forecast period, prospects…

Store cards are registering further decline in terms of both the number and value of transactions in 2023 as they are perceived to be old-fashioned, plus other financial card types and instruments offer greater flexibility. In contrast to credit…

While Norway is one of the most advanced societies in the world regarding card payments, the digitalisation trend has had little impact on store cards. As a result, store cards have become increasingly marginalised in Norway and represent less than…

From many years, there has been a decline in the number of store cards in France, along with a lowering of the average spend. The economic context and inflationary pressures are notable factors here, along with the fact that French consumers…

Store cards continue to lose popularity in Denmark, with the number of cards in circulation expected to fall slightly, with total transaction value falling significant. This is in spite of rising inflation. Store cards have not kept up with…

Trends that emerged in 2022, such as rising unit prices, have continued to impact sauces, dips and condiments in 2023. The escalating input costs faced by companies, coupled with the soaring prices of key ingredients, have led to substantial…