Jams and preserves will continue growing at a moderate pace in retail volume and current value terms in the forecast period. Stocks accumulated during the pandemic have run out kickstarting local production in 2023.
In the chocolate spreads category, the consumption of local brands may increase in the near future, such as the Shokki Mokki brand from local company Azersun Holding MMC. Local brands offer more affordable prices than imported brands and should therefore gain traction in the near future as economic uncertainty prevails.
The honey category is expected to grow at a moderate pace in the forecast period, as the range of products on retail shelves increases. Further introduction of local brands is likely thanks to the expansion of beekeeping in liberated territories.
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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.
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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 DefinitionsThis report originates from Passport, our Sweet Spreads research and analysis database.
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