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Egg costs drag down dairy once more, ready meats stay robust in deli, Circana stories



Just like different meals and beverage classes, the dairy, deli, and bakery classes are seeing larger greenback progress led by value will increase and declines in models in 2023.

Dairy gross sales got here in at $71.6bn, rising 0.6% in {dollars} and declining 0.5% in models, and deli gross sales have been at $46.3bn, rising 3.2% in {dollars} and declining 0.5% in models, for the 52 weeks, ending Jan. 28, 2024. Bakery grew probably the most in {dollars} (5.7%) out of the three to succeed in $43.6bn however noticed the steepest decline in models at 1.7% for a similar interval.

Regardless of greenback and unit declines for the yr, dairy and deli noticed unit gross sales improve in January. Dairy unit gross sales got here in at $5.7bn for the month, rising 2.7% in unit gross sales and declining 4.3% in greenback gross sales, and deli noticed $3.5bn in gross sales, rising 1.6% in models and 1.3% in {dollars}. Whereas declining barely in models (0.3%), the bakery market outpaced whole meals and beverage in greenback gross sales, rising 1.6% in comparison with 1.4% for the broader market.

Dairy: Egg value challenges persist, cottage cheese nonetheless widespread

Although the dairy class is rebounding models, egg costs are rising – as a consequence of tighter provide from avian flu – which is dragging down greenback gross sales for the class.

Eggs gross sales for Jan. have been $751m, declining 32.2% (the best for the class) in greenback gross sales, although models managed to develop 4.8% for the month. Desserts, cheese snack kits, and dairy different cheese additionally noticed slumping greenback gross sales for the month, declining 1.7%, 8.1%, and 11.2%, respectively.

Nevertheless, eggs’ performance and rising utilization all through the day may present some reduction from the pricing dynamics, Parker famous.

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