Boston, MA -- (SBWIRE) -- 06/12/2014 -- Other dairy is set to register a slower retail value growth in 2013 than in 2012, due to consumers' rising health consciousness. With consumers increasingly aware of their diets, they are reducing their intake of other dairy products, such as cream and condensed/evaporated milk, which are deemed to be high in fats and sugar.
Nestle is set to lead other dairy with an 80% retail value share in 2013, owing to its leadership in coffee whiteners and plain condensed/evaporated milk. Consumers' strong familiarity with the player's products is a key contributor to its strong position, with customers demonstrating strong faith in the product quality offered.
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Other dairy is expected to post a positive constant value CAGR over the forecast period. Increasing health consciousness among consumers will see them continuing to limit their intake of other dairy products, such as plain condensed/evaporated milk, which are perceived to be high in fat and sugar. This in turn will likely limit the performance of other dairy over the forecast period.
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- How are volatile farmgate prices for milk impacting retail prices and sales performance?
- Given mounting obesity concerns, are consumers moving from full-fat to reduced fat/fat-free offerings?
- How are soy-based products performing against traditional dairy items?
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