Dairy retail performance in the UK - 2 November 2024

Published 2024년 11월 20일

Tridge summary

Nielsen data reveals a slight increase in average prices failed to offset volume losses in the cow's dairy sector, with expenditure on cow's milk experiencing a decline. Semi-skimmed cow’s milk was a major contributor to the decrease, while whole milk showed growth. Cow’s cheese and cream volumes also increased, with cheddar and standard plain yoghurts seeing the most significant growth. Plant-based spreads attracted more volume as they are less expensive than cow’s butter. Despite some categories experiencing price increases, they all saw volume growth. You can explore these insights and more on the AHDB's retail dashboard.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Growth in average prices (+0.5%) was not quite enough to balance volume losses as spend on cow’s dairy declined 0.1% according to Nielsen. Spend on cow's milk continues to decrease (-6.3%) and volumes declined by 1.8% year-on-year (52 w/e 2 November 2024). Semi-skimmed cow’s milk accounts for 59.6% of volume sales but contributed most to the decline, while whole milk continued to see growth (+2.3%), driven by an increase in buyers as well as an increase in purchase frequency. Cow’s cheese remains in growth with volumes up 3.8% year-on-year, and spend to rising by 3.2% (NIQ Homescan POD, Total GB). Cheddar saw a 4.1% increase in volumes sold driven by an increase in volume per shop up 2.9%. This drove cow’s cheese performance as cheddar accounts for 41.7% of all cow cheese sold. Cow cheese other also saw strong growth driven by cottage cheese. Cow's butter saw a volume decline of 3.5%, despite a decrease of average prices (-0.2%). However, block butter saw volumes increase by 6.0%. ...

Source: Ahdb