Cooking ingredients and meals are expected to register an increase in current value growth, though retail volume sales are expected to fall. Unlike many other countries, Bolivia is not experiencing soaring inflation and the main factor contributing to the retail volume decline is that with society opening up again post pandemic lockdowns, consumers are eating in restaurants again.
As with most packaged foods in Bolivia, value sales are threatened by illegal sales through informal retailers, with the leading brands most affected, as consumers recognise them and so smugglers tend to concentrate on those brands. In recent years, there has been a sustained increase in smuggling due to the devaluation of local currencies in neighbouring countries, which has made imported goods in Bolivia very expensive and so has drawn the local, price sensitive consumer to buy smuggled goods instead.
Cooking ingredients and meals in Bolivia is led by Industrias de Aceite SA, a subsidiary of the Peruvian multinational, Alicorp SAA, and was formed through the recent merger of the two leading domestic players in edible oils, Industrias de Aceite and ADM, owners of Fino and Sao. As a result, Alicorp now dominates edible oils in Bolivia and also holds a strong overall position.
Small local grocers continue to account for the vast majority of value sales of cooking ingredients and meals in Bolivia, with hypermarkets and supermarkets only gaining slight value share over the review period. Outdoor markets also account for significant value sales.
Cooking ingredients and meals will register moderate constant value and volume growth over the forecast period.
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Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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