In 2024, the staple foods industry continued to face the challenge of global inflationary pressure, albeit to a receding degree. Consumers remain cautious and price-led, but willingness to look beyond cost to characteristics such as healthy choices is returning; opportunities for producers and retai...
In 2024, staple food in Switzerland experienced positive retail value and volume growth, with several key trends shaping the category. Prices remained high throughout 2024 due to rising packaging, energy and transport costs. Furthermore, the Russian invasion of Ukraine has disrupted the global grain...
Retail volume sales of staple foods in South Africa are gradually rising in 2024, as an increasing number of local consumers find themselves in a better financial position compared to the previous year due to factors such as lower food inflation and decreased interest rates. The outcome of the South...
Staple foods in Vietnam has faced significant challenges in 2024, due to the ongoing economic slowdown. With the fluctuating global situation and rising prices, price sensitivity has become a major factor driving many consumers' purchasing decisions. A segment of consumers has become more reluctant ...
It is expected to be a positive picture for staples in Uzbekistan in 2024. While inflation is still high, there is expected to be modest constant value and volume growth. This is partly due to continuing population growth. However, the economy is also growing and this is boosting consumer confidence...
It is an improving economic picture for staple foods in Uruguay in 2024 and it is expected to register moderate current value growth, as inflation eases. That being said, there are still significant price increases hikes for rice, due to continuing increases in international prices. Eur...
Retail volume sales of staple foods are set to grow in Kuwait in 2024, with demand supported by the essential nature of such products. Bread is the main staple, with rice also highly popular. Health and wellness continues to exert a growing influence on purchasing decisions, with consumers moving to...
Staple foods in Latvia in 2024 presents a more stable outlook than the turmoil of previous years. The inflationary pressures of 2022 and 2023 appear to have subsided, offering some relief. However, ongoing economic uncertainty has hindered a more rapid recovery in sales. Many staple categories, part...
While staples in Tunisia is expected to register double-digit percentage current value growth, constant value growth is expected to be much more moderate, though still healthy. This is in spite of continuing high inflation and also slower growth in the economy, as Tunisia grapples with persistent dr...
Staple foods is set to see total volume growth in Jordan in 2024, though the local economy has been adversely affected by the Israel-Hamas war, with the number of tourists visiting Jordan declining. The fall in tourist numbers has had a direct negative impact on sales through foodservice. Moreover, ...