Dairy products and alternatives in 2025: The big picture
Retail value sales of dairy products and alternatives are expected to rise at a moderate rate in 2025. Average annual inflation of 3.88% in 2024 is expected to remain stable in 2025. Honduras remains a country heavily reliant on remittances, which in 2024 reached USD9,743 million, up 6.2% on 2023, according to the Honduran Central Bank (BCH). President Trump, elected November 2024 in the US, plans to accelerate deportations, curb immigration, and tax remittances and is expected to restrict an important flow of capital and source of growth in Honduras. As a result, families in Honduras receiving remittances from relatives in the US in 2025 have been more cautious with their spending, in case this vital source of funding stops. Remittances in Honduras decreased to USD755.62 million in January from USD866.11 million in December 2024.
Key trends in 2025
Higher income consumers in Honduras continue seeking health benefits in the products they consume. Their health awareness continues to increase and general wellness is an area of priority. Higher income consumers are looking for diverse health benefits in dairy products, including digestive health (probiotics, kefir, lactose-free), and high protein.
Competitive Landscape
Lácteos Hondureños, SA (Lacthosa) is the leading company in dairy products and alternatives in Honduras as it offers a wide variety of dairy products, including milk, powdered milk, creams, cheese, and yoghurt. Sula, part of Lacthosa, is one of the brands with the highest recall in Honduras. Lácteos Hondureños, SA (Lacthosa) is a 100% Honduran company and has been in the market for over six decades. Lacthosa ensures the purchase of more than 140 million litres of milk annually which represents 20% of the national production. It has a strong role in supporting thousands of local producers and is also present with other brands, such as Delta, La Pradera, and Gaymont´s.
Channel developments
Small local grocers continues to lead in dairy. Small local grocers are abundant in the country and offer a wide selection of dairy products. Usually, small local grocers take on an important role in areas of the country with limited access to major supermarket chains. They often represent the only readily accessible grocery option in remote regions, and lower-income individuals tend to shop more frequently at these establishments. However, not all small local grocers have refrigerators, although this is slowly changing.
What next for dairy products and alternatives?
Retail value sales of dairy products and alternatives are set to rise at a moderate rate over the forecast period. Higher income consumers are expected to become increasingly interested in foods that offer added functional benefits, such as improved general health, mental wellbeing, and energy levels. Product variety will continue to cater to multiple degrees of health awareness, with some products offering only simple ingredient lists, while others will focus more on added supplementation such as proteins. In terms of wealthier demographics, plant-based dairy is expected to continue gaining traction. Additionally, products focused on increased indulgence are also expected to see innovations surrounding flavours and textures.
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Overview:
Understand the latest market trends and future growth opportunities for the Dairy Products and Alternatives industry in Honduras with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Dairy Products and Alternatives industry in Honduras, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Dairy Products and Alternatives in Honduras report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Dairy Products and Alternatives in Honduras?
- Which are the leading brands in Dairy Products and Alternatives in Honduras?
- How are products distributed in Dairy Products and Alternatives in Honduras?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Dairy Products and Alternatives?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Honduras?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Dairy Products and Alternatives in Honduras
Dairy products and alternatives in 2025: The big picture
Key trends in 2025
Competitive Landscape
Channel developments
What next for dairy products and alternatives?
DISCLAIMER
Key Data Findings
2025 Developments
Birth rates continue declining but need for convenience supports category growth
Nestlé SA retains its outright lead in baby food
Warehouse clubs become increasingly important distributors, although small local grocers remains by far the most popular channel
Prospects and Opportunities
Convenience and time savings drive growth of baby food over the forecast period
Consumers increasingly demand clean ingredients
Special baby milk formula has potential for forecast period growth
Category Data
Key Data Findings
2025 Developments
Imported dairy products increase due to a lack of local dairy production
Lacthosa retains the lead in dairy in Honduras
Dairy is mostly distributed through small local grocers
Prospects and Opportunities
Moderate forecast period growth of dairy stimulated by a variety of demands from different socioeconomic groups
Health and wellness trend drives demand for better-for-you products
Scope for child-friendly packaging in a bid to stimulate the popularity of better for you options among children
Category Data
Key Data Findings
2025 Developments
Younger generations drive growth of plant-based dairy
The category is still small in the country with only a few brands avaialble
Retail e-commerce is growing, backed mostly by higher-income consumers
Prospects and Opportunities
Forecast period growth of plant-based dairy driven by increasing awareness among wealthier demographics
Dairy intolerances attract lower-income consumers to plant-based alternatives
With the exception of plant-based milk, other plant-based dairy categories remain niche over the forecast period
Category Data
The following categories and subcategories are included:
Dairy Products and Alternatives
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- Dried Baby Food
- Prepared Baby Food
- Other Baby Food
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- Liquid Standard Milk Formula
- Powder Standard Milk Formula
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- Liquid Follow-on Milk Formula
- Powder Follow-on Milk Formula
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- Liquid Growing-Up Milk Formula
- Powder Growing-Up Milk Formula
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- Liquid Special Baby Milk Formula
- Powder Special Baby Milk Formula
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- Butter
- Cooking Fats
- Margarine and Spreads
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- Spreadable Cheese
- Processed Cheese excl Spreadable
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- Packaged Hard Cheese
- Unpackaged Hard Cheese
- Soft Cheese
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- Dairy Only Flavoured Milk Drinks
- Flavoured Milk Drinks with Fruit Juice
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- Fat-free Fresh Milk
- Semi Skimmed Fresh Milk
- Full Fat Fresh Milk
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- Fat-free Shelf Stable Milk
- Semi Skimmed Shelf Stable Milk
- Full Fat Shelf Stable Milk
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- Goat Milk
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- Powder Milk
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- Sour Milk Products
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- Drinking Yoghurt
- Flavoured Yoghurt
- Plain Yoghurt
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- Chilled Dairy Desserts
- Shelf Stable Dairy Desserts
- Chilled Snacks
- Coffee Whiteners
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- Flavoured Condensed Milk
- Plain Condensed Milk
- Evaporated Milk
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- Cream
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- Flavoured Fromage Frais and Quark
- Plain Fromage Frais and Quark
- Savoury Fromage Frais and Quark
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- Soy Drinks
- Other Plant-based Milk
- Plant-based Yoghurt
- Plant-based Cheese
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This report originates from Passport, our Dairy Products and Alternatives research and analysis database.
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