Lactalis Kazakhstan unit FoodMaster gets EBRD backing

FoodMaster, the Kazakh dairy business owned by Lactalis, has secured financial support from the European Bank for Reconstruction and Development.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

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The EBRD is providing a EUR15m loan that FoodMaster said it will use to “modernise” its three dairy plants and invest in its local supply chain.

“This project is very important for our company,” Arman Aldabergenov, general manager of Lactalis-FoodMaster Kazakhstan, said. “In line with Lactalis Group’s worldwide policy, all investments will continue to be directed into the development of our milk collection points, modernisation of all three plants which are currently the most modern dairy production sites in Kazakhstan, and quality control system at all stages from farm to retail. All these steps have one goal: to provide our consumers with high quality dairy products produced from raw milk and to grow Lactalis dairy products’ competitiveness.”

The EBRD said it is also embarking on a wider programme to improve the collection and production of milk in Kazakhstan alongside the UN’s Food and Agriculture Organization.

“The programme will contribute to the transfer of knowledge on animal nutrition, farm management, quality standards and collection systems which will help local dairy producers better connect to milk processing companies. FoodMaster has already started introducing some of the know-how under the programme,” the EBRD said.

Free Report

What’s the forecast for the food and grocery industry?

Market drivers and inhibitors
Five-year forecasts and the impact of COVID-19
The performance of the online channel versus offline
Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation

Assess developments within this sector to help your business thrive in 2022 and beyond.

By GlobalData

Dean Best

An experienced editor, Dean has reported on the international food and beverage industries for 19 years. He became editor of Just Food in 2007 and Just Drinks in 2022.