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Plant-Based Dairy in Uruguay

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    Report

  • 14 Pages
  • August 2024
  • Region: Uruguay
  • Euromonitor International
  • ID: 5739028
In 2024, other plant-based milk categories, though starting from a low base, registered the most dynamic growth in retail volume terms in Uruguay. Almond milk remains the most popular option amongst local consumers, despite the availability of other types of plant-based milk like oat, coconut, and peanut milk. The rapid expansion of brands and flavours, coupled with rising consumer interest, has fuelled this growth.

The Plant-based Dairy in Uruguay 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
  • Dynamic growth in other plant-based milk
  • Soy drinks remain strong but face competition
  • Fortylex SA maintains market dominance amidst growing competition
PROSPECTS AND OPPORTUNITIES
  • Strong potential for expansion in plant-based dairy
  • Foodservice channel expected to incorporate more plant-based options
  • Modern grocery retailers to lead plant-based dairy sales
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 URUGUAY
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