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Plant-Based Dairy in Guatemala

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    Report

  • 15 Pages
  • August 2024
  • Region: Guatemala
  • Euromonitor International
  • ID: 5738999
Overall, value sales for plant-based dairy in Guatemala remain low, and are dominated by soy drinks and other plant-based milk. That being said, plant-based dairy is expected to register the highest current value and volume growth among all dairy and alternatives in 2024. Value sales are largely driven by younger consumers of under 40-years-of-ahe, who consider plant-based products to be healthier and less damaging to the environment, though the high prices is an obstacle.

The Plant-based Dairy in Guatemala report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Plant-based Cheese, Plant-based Milk, Plant-based Yoghurt.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Plant-based Dairy market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Still niche, but plant-based dairy registers healthy growth
  • Long-established local product Incaparina fits in with plant-based milk profile
  • Plant-based dairy remains niche, with limited availability
PROSPECTS AND OPPORTUNITIES
  • Further segmentation within plant-based milk
  • Increasing scrutiny of plant-based offerings
  • Plant-based dairy follows trends in traditional dairy
CATEGORY DATA
  • Table 1 Sales of Plant-Based Dairy by Category: Value 2019-2024
  • Table 2 Sales of Plant-Based Dairy by Category: % Value Growth 2019-2024
  • Table 3 NBO Company Shares of Plant-Based Dairy: % Value 2020-2024
  • Table 4 LBN Brand Shares of Plant-Based Dairy: % Value 2021-2024
  • Table 5 Distribution of Plant-Based Dairy by Format: % Value 2019-2024
  • Table 6 Forecast Sales of Plant-Based Dairy by Category: Value 2024-2029
  • Table 7 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2024-2029
DAIRY PRODUCTS AND ALTERNATIVES IN GUATEMALA
EXECUTIVE SUMMARY
  • Dairy products and alternatives in 2024: The big picture
  • Key trends in 2024
  • Competitive Landscape
  • Channel developments
  • What next for dairy products and alternatives?
MARKET DATA
  • Table 8 Sales of Dairy Products and Alternatives by Category: Value 2019-2024
  • Table 9 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024
  • Table 10 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024
  • Table 11 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024
  • Table 12 Penetration of Private Label by Category: % Value 2019-2024
  • Table 13 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024
  • Table 14 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029
  • Table 15 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources