The population of Uzbekistan is predicted to increase by 26.6%, due to changes in net migration and natural change, standing at a total of 46.0 million citizens by 2040. The birth rate in Uzbekistan is anticipated to drop between the years 2024 and 2040. Demographic changes, economic conditions and social trends are all contributing to negative net migration. Generational cohorts in Uzbekistan will continue to influence consumer expenditure based on their specific purchasing habits

Baby food is seeing robust value sales in Uzbekistan in 2025, at a higher rate than witnessed in 2024, and with volume sales also enjoying healthy and stable growth, again at a slightly elevated rate compared to the previous year.

Sales of drinking milk products are seeing notable value growth in Uzbekistan in 2025, with growth elevated from 2024, and with volume sales also enjoying slightly-elevated growth compared to the previous year. This positive performance is largely based on shelf stable milk, which remain a significant category in drinking milk products in the country. Uzbekistan's hot continental climate and still-developing cold chain infrastructure make shelf stable milk a practical necessity in both urban and

Other dairy is seeing robust value growth in Uzbekistan in 2025, with volume sales also enjoying healthy growth. Condensed and evaporated milk is the best performing category in value terms, thanks to sustained demand coming from its role in home cooking, as well as its popularity as a stand-alone indulgence. Another key driver for the growth of condensed milk is its affordability. Condensed milk holds a cherished place in local households as a beloved sweet treat enjoyed across all age groups a

Cheese is seeing robust value sales in Uzbekistan in 2025, at a slightly higher rate compared to 2024. Volume sales are also stable albeit at a lower rate of growth compared to value sales, and also slightly elevated from the previous year.

Value sales of yoghurt and sour milk products in Uzbekistan are experiencing a notable double-digit increase in 2025, with volume growth also strong and healthy. While sour milk products is seeing stronger value growth than yoghurt per se, both main categories are seeing a similar performance, in both healthy value and volume terms.

Butter and spreads is maintaining healthy value growth in Uzbekistan in 2025, at slightly higher rates of growth than seen in the previous year. Volume growth is also stable. Butter is seeing the most robust value growth, with volume growth also healthy, thanks to the increased availability and affordability of both imported and local brands. In turn, this is narrowing the gap between the prices of butter and margarine and spreads products. Meanwhile, margarine and spreads continues to see stabl

Value sales of dairy products and alternatives are seeing robust growth in Uzbekistan in 2025, at a slightly stronger rate than seen in 2024. Volume sales are also showing healthy growth, again at a slightly higher rate compared to the previous year. This reflects continued resilience in the category, with growth driven by consumers' long-standing loyalty to dairy as a staple of the local diet. While Uzbekistan’s consumers continue to exhibit price sensitivity in light of high inflation, spendin

This report assesses the business environment in Uzbekistan, focusing on the regulatory environment, stability of the financial system, FDI intake, labour market flexibility and skillset, trade openness, mobility infrastructure, ICT adoption and innovative capabilities. Companies can evaluate these factors to understand the strengths and weaknesses of a country’s business environment for better strategic investment decisions.

The report examines the economic landscape of Uzbekistan and provides information on major monetary indicators, foreign trade and government finance. The economy expanded in real terms in 2024, driven by exports, private consumption and government spending, investments. However, a global economic slowdown, increasing geopolitical tensions and economic fragmentation as well as tight financial conditions pose risks to the country’s economic outlook.

Gum in Uzbekistan is poised to demonstrate buoyant growth in both volume and current value terms in 2025. With a large, youthful population, a growing middle class, and increasing urbanisation, the country offers an attractive and expanding market for gum brands, which continue to broaden their presence.

In 2025, Uzbekistan’s sugar confectionery market is expected to experience strong growth in both volume and current value terms, fuelled by increasing urbanisation, a young and growing population, and shifting taste preferences. Within this context, gummies and jellies is poised to most dynamic category, thanks to satisfyingly chewy texture, playful shapes and wide variety of flavours. Continuous product innovation - including seasonal or themed releases have kept the category fresh and engaging

Uzbekistan's chocolate confectionery market is expected to continue to show healthy growth in current value terms in 2025, accompanied by significant increase in unit prices. However, while inflation and currency fluctuations have impacted overall household expenditure, demand for chocolate confectionery remains resilient, due to its indulgent appeal and growing accessibility through modern trade channels.

The savoury snacks market in Uzbekistan is experiencing robust growth in both volume and current value terms, fuelled by rapid urbanisation, a youthful demographic, and changing consumption habits. Demand is particularly expanding in urban centres like Tashkent, where consumers increasingly prioritise variety, convenience, and affordable indulgence.

Retail sales of sweet biscuits, snack bars, and fruit snacks are set to enjoy healthy growth in volume terms in 2025. The largest share of sales comes from sweet biscuits, especially plain, budget-friendly options. Consumers, especially those outside of urban centres, remain price-sensitive, often choosing the simplest, low-cost products - even private labels - for tea-time consumption.

Uzbekistan's snacks market is expected to deliver a strong performance in both volume and current value terms in 2025, driven by the growing trend towards mindful indulgence, This has had a significant impact on demand, as consumers increasingly reach for small snacks to treat themselves on a daily basis. In response, brands are introducing new flavours and formats designed to spark curiosity and cater to impulse buying.

In 2025, Uzbekistan’s ice cream market is expected to experience noticeably slower volume growth compared to previous years. Sales are largely influenced by seasonal weather variations, which appear to be having a particular impact on demand for take-home ice cream products.

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which products or services to market, and at which price point. Other factors such as the size and expansion of the middle class and income inequality are also important in helping companies gauge the potential of a country market.

In 2024, the decline in the consumption of beer in Uzbekistan was informed by raised prices and the religious factor. Excise taxes on beer in Uzbekistan have steadily increased since 2021, with a significant 12% rise in 2023 and an additional 5% rise in mid-2024. This led to continued price growth, negatively impacting beer consumption. Combined with overall inflation and rising food prices, consumer purchasing power, despite some wage growth, suffered, contributing to lower beer consumption.

Total volume sales of wine in Uzbekistan declined moderately in 2024. Despite a growing wine culture in Uzbekistan and more informed, educated consumers, who are increasingly learning to appreciate wine through taste, rather than rely on well-known brand names, price remains the key factor in purchasing decisions. The strong downward pressure on purchasing power due to rising prices negatively impacted demand, leading to a drop in consumption. In addition, poor grape harvests in the second half

In 2024, alcoholic drinks in Uzbekistan registered a slight decrease in total volume sales, but a double-digit increase in total current value sales, driven by high inflation, higher production costs and strong pressure on consumer purchasing power. As consumer spending was shaped by limited purchasing power and heightened price-sensitivity, price increases contributed to retail value sales growth. The overall reduction in the consumption of alcoholic drinks was also due to the religious factor,

Cider/perry in Uzbekistan remained underdeveloped in 2024, primarily due to low consumer awareness and limited exposure to the product type. Many consumers remained unfamiliar with cider as a beverage option, and it has yet to establish a clear identity or presence in the market. The lack of dedicated marketing and limited availability on retail shelves further contribute to its slow development. As a result, cider/perry plays a minimal role in alcoholic drinks landscape, with negligible sales,

Total volume sales of spirits in Uzbekistan decreased slightly in 2024. The category exhibited mixed dynamics and trends. Vodka, which overwhelmingly dominates total volume sales, posted a moderate decline, which negatively impacted spirits as a whole. Meanwhile, more modern or newer spirits for Uzbekistan like tequila (and mezcal), gin, whiskies and rum gained popularity. This trend was supported by higher consumer awareness, an expanding cocktail culture and a wider range of both mainstream an

RTDs in Uzbekistan also remained underdeveloped, especially compared to other countries in the region. One of the main reasons for this is the lack of demand from local consumers. Traditional alcoholic drinks such as beer and spirits are still the preferred choices. Another reason for underdevelopment is the low level of awareness and accessibility. However, as the drinking culture in the country develops, it is possible that more products in this category will start appearing, thus fuelling sig