PROSPECTS AND OPPORTUNITIES
Jams and preserves outperform other sweet spreads
Jams and preserves will continue to dominate value sales and will also register the highest constant value and volume growth over the forecast period. Local brand Bizim Tarla from Azersun Holding and the Bagdan brand from Gilan Holding will remain the most popular.
Volume decline for chocolate spreads
Volume sales will fall for chocolate spreads over the forecast period. Increasing prices, due to rising global cocoa prices, will dampen volume sales.
Peanut butter popular with sports enthusiasts
After jams and preserves, nut and seed based spreads is expected to see the highest growth in volume and constant value over the forecast period. This growth will be supported by its growing perception as being healthier due to the lower sugar content and thanks to the rising popularity of peanut butter.
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Overview:
Understand the latest market trends and future growth opportunities for the Sweet Spreads industry in Azerbaijan 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 Sweet Spreads industry in Azerbaijan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sweet Spreads in Azerbaijan 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 Sweet Spreads in Azerbaijan?
- Which are the leading brands in Sweet Spreads in Azerbaijan?
- How are products distributed in Sweet Spreads in Azerbaijan?
- 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 Sweet Spreads?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Azerbaijan?
- 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?
Sweet Spreads in Azerbaijan - Category analysis
KEY DATA FINDINGS
Healthy value and volume growth in 2024
Local honey has large foothold
Muted volume sales for chocolate spreads
Jams and preserves outperform other sweet spreads
Volume decline for chocolate spreads
Peanut butter popular with sports enthusiasts
Cooking Ingredients and Meals in Azerbaijan - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Sweet Spreads
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Sweet Spreads research and analysis database.
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