Retailers are creating higher profit margins owing to strong demand for private labels. The average EU milk price has dropped by about 20% from the year 2014. Cheese and Beverages form the majority of the market share in the European dairy market.
Nestle dominates the European hot beverage market, due to the popularity of the brand. K-cups are gaining presence in European markets, because of the ease in preparation and the taste consistency.
Nestle and Unilever lead the market owing to vast distribution network and ability to spend heavily on advertising. High growth is exhibited by the low fat and probiotic ice-creams. Artisanal ice-creams account for about 35% of the ice-cream market.
U.K., France, Italy and Germany are accountable for generating highest revenue for confectionery products in the region. Sluggish market growth due to rising obesity instances and changing lifestyles.
Retailers are creating higher profit margins owing to high popularity for private labels in the cheese segment. Cheese prices are stable owing to strong sales to restaurants and retailers.
Millennial demographic is the dominant consumer of tea because of being aware of the health benefits attached to consumption of green and herbal teas. K-cups pods are gaining presence in U.S. and Canadian markets, because of the ease in preparation and the taste consistency.
Nestle and Unilever lead the market by leveraging their vast distribution capabilities. An average American consumed about 17.5 litres of ice-cream in 2014. U.S. market ranks second globally in terms of ice-cream consumption
Brazilian confectionery market is estimated to grow approximately at a CAGR of 4.8% through 2020. Nestle SA is a leading player for chocolates segment in Brazil with approximately 40% of the value share.
Weaker economic condition and high inflation are restraining the growth of dairy market Manufacturers need to launch dairy products in smaller packs owing to inflationary conditions in major South American economies. In South American countries condensed milk and cream are widely used in the preparation of Tres leches cake.
Coffee industry is controlled by the Government in Venezuela, that hinders product innovation by private players in the country. M&A is the key strategy opted by the players in the industry in order form bigger entities that will provide them extended brand portfolio. In major markets such as Brazil and Argentina the popularity Nestle Gusto machines will drive the market for single serve K-Cups.