Now Available: Processed Meat and Seafood in Uzbekistan.
[USPRwire, Mon Feb 08 2016] All categories within processed meat and seafood are developed, except for meat substitutes and frozen processed red meat. Generally, strong dynamics of domestic production and steadily growing annual disposable incomes of consumers are driving stronger sales of processed meat and seafood. When each of the categories is considered individually, shelf stable meat is growing thanks to being an affordable and convenient meal solution, while chilled processed meat is developing thanks to the growing incomes of consumers, which help them to consume chilled processed meat products more frequently. Processed seafood remains a high-priced delicacy in Uzbekistan, and its consumption is tightly linked to consumers' incomes.
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Processed meat and seafood is a quite fragmented category, but some domestic companies still managed to generate trackable/visible sales in 2015. Geomax XK, the major player within chilled processed food, held the leading position within processed meat and seafood in 2015 with a 7% value share. A finely tuned balance of price and attractive tastes appealed to consumers, helping Geomax XK to maintain its leading position over the review period. To'xtaniyoz Ota, despite being a pioneer within chilled processed food production, remained second in 2015 with a 6% value share, but is expected to recover its leading position in the coming years due to increasing sales. Strong consumer awareness of its brand, in combination with marketing campaigns, resulted in a value share increase of one percentage point for To'xtaniyoz Ota in 2015.
The demand for meat and meat products will continue growing as living standards rise. On the other hand, increasingly hectic lifestyles will continue to generate stronger demand for convenient meal solutions. These two factors, supported by strong population growth, are the basis of a positive outlook for processed meat and seafood over the forecast period.
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The Processed Meat and Seafood in Uzbekistan market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
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