What are the opportunities on the Romanian ice-cream and diary market?
The Food Processing sector in Romania is one of the most dynamic ones in the country. According to the FRD Center analysis, it presents numerous opportunities for the foreign investors and exporters. In particular, the Romanian ice-cream market is quite dynamic.
Check out this link for more details: https://market-entry-romania.blogspot.com/2024/08/what-are-opportunities-on-romanian-ice.html
According to the FRD Center analysis, there are considerable opportunities in the Food Processing Industry in Emerging Europe. International players looking to expand to Europe through an acquisition have been targeting players in countries such as Romania, Poland, Hungary, Bulgaria or Turkey for their acquisition of local food processing companies.
Similarly, foreign manufacturers of equipment for food processing, as well as producers of additives and ingredients are considering markets in Emerging Europe for their market expansion.
For tailor-made market research, target origination, strategic business contacts with Decision Makers in Romania and the Emerging Markets in Europe, for targets search and deal origination feel free to contact the FRD Center team at email: europa@frdcenter.ro or tel: +4021 411 1459
What are the opportunities on the Romanian ice-cream and diary market?
FRD Center has been assisting foreign companies with strategic business introductions at Decision Maker level in the food and beverages industry in Emerging European countries for over 20 years. For a list with examples of Food Ingredients and Additives importers-distributors in Bucharest and SE Romania with which we can facilitate strategic business contacts at Decision Maker level go to the link https://www.frdcenter.ro/wp-content/uploads/2024/03/FRD-Center-Romania-Food-ingredients-importer-distributors.pdf
For tailor-made market research, target origination, strategic business contacts with Decision Makers in Romania and the Emerging Markets in Europe, for targets search and deal origination feel free to contact the FRD Center team at email: europa@frdcenter.ro or tel: +4021 411 1459
What are the opportunities on the Romanian ice-cream and diary market?
What is the dynamic of the Dairy Industry in Romania? The landscape of the dairy industry in Romania highlights an interesting mix of local and international players. Last year, Romania’s milk industry registered growth, with the top ten processors purchasing a total of 476 million kilograms of milk.
The increase in quantity also comes with higher production. In the first two months of 2024, compared to the same period last year, factories produced 18% more cheese – over 17,000 tons, but also more cream, over 11,000 tons, and drinking milk 63,000 tons.
The players continue to invest in the Romanian dairy market. One such example is Lactalis Group who have invested over 60 million euros in the last 5 years in Romania, and for the current year announced investments of over 13 million euros.
Local companies such as Carmo-Lact, Therezia Prodcom, Prodlacta, along with Five Continents Group, are part of the largest milk buyers, demonstrating the significant presence of Romanian companies in this field.
How to take advantage of the market and export opportunities in the Food & Beverages sector and the FMCGs market in Romania and the Region?
Are you looking to establish commercial relations with reliable importers and distributors of packed foods, beverages, gourmet or frozen foods, fish, seafood, premium wines, dairy, refrigerated foods, fresh fruit and vegetables etc. covering the Romanian market and other markets in Eastern Europe such as Bulgaria, Poland, Serbia, Hungary, The Balkans, Czechia, Slovakia etc.?
Email the FRD Center team at europa@frdcenter.ro and consult the details provided by FRD Center in the analysis below.
What are the opportunities on the Romanian ice-cream and diary market?
What is the dynamic of Romanian the ice-cream market? In regards to ice cream, in 2022, Romania was the ninth largest producer of ice cream in the EU, with a production of 35.9 million liters, according to Eurostat data. Compared to the previous year, the Romanian ice cream output registered a 6.5% increase. The latest data from Eurostat, quoted by ZF, show that the value of the Romanian production of ice-cream exceeded 95 million euros.
As it results from the FRD Center analysis, some of the top local producers of ice cream in Romania are Alpin 57 Lux, Ice Dyp Balas, Top Gel Prod, Cicom and Cami-Delicia. Their turnover in 2023 was more than 30% higher vs 2022.
FRD Center has analysed the Romanian ice-cream producers and it resulted that the most dynamic of them is ICE DYP, a family business with more than 26 years of experience in manufacturing and distributing industrial and artisanal ice cream. Currently ICE DYP employs more than 650 people. In 2023, their profit increased almost 4000% compared to 2022, while their turnover went up 65.3% y-t-y, according to the FRD Center calculation based on official data.
According to ZF, Cicom, one of the five largest local ice cream producers, has budgeted for this year a turnover of 89.5 million lei, an increase of 11% compared to the previous year. In 2023, their turnover exceeded 16.2 mEUR and, as it results from the FRD Center analysis, they registered a profit 467.6% higher y-t-y.
In 2023, the Company signed new contracts with external partners that contributed significantly to their dynamics.
The first 10 ice cream producers in Romania had a cumulative profit of more than double in 2023 compared to 2022, according to Economedia.
According to the FRD Center research, the largest ice cream producer in Romania is Betty Ice, which was acquired in 2018 by Unilever. Other big players active on the Romanian ice cream sector are Nestle and Macromex. Froneri Ice Cream, the licensed partner of Nestle and Mondelez on the Romanian ice cream market, had a turnover increase of more than 30% and a profit growth of more than 152% y-t-y in 2023, according to the FRD Center analysis based on data from the Ministry of Finance.
Nevertheless, the Romanians’ appetite for ice cream seems insatiable. In spite of Romania being among the top ten producers of ice-cream in the EU in terms of quantity, the local consumption needs are not covered from local factories’ output. A continuous increase in ice-cream imports has been observed. According to the latest Eurostat data quoted by ZF, the value of ice-cream imports into Romania exceeds 70 million euros annually.
Are you looking to expand to Romania and the region and buy a relevant local player? Perhaps the FRD Center can be of assistance to you.
For tailor-made market research, target origination, strategic liaison with Decision Makers in Romania and the Emerging Markets in Europe, for targets search and deal origination feel free to contact the FRD Center team at email: europa@frdcenter.ro or tel: +4021 411 1459
How about the ingredients and additives for the food industry?
