Cooking ingredients and meals are expected to register healthy current value growth, though volume growth is expected be much more moderate, as inflation takes hold. The war in Ukraine is pushing up global fuel prices and impacting retail prices.
While price is the main driver of value sales in 2022, consumers are also increasingly health conscious and there is increased demand for products with lower fat, lower sugar and lower salt and players are launching healthier alternatives in response. In addition, demand for products with clean labelling, along with simple, natural ingredients, is also on the rise.
Major regional and international manufacturers, Unilever de Centroamérica SA, Cía Numar SA and Nestlé Costa Rica SA remain the key players and lead across categories such as sauces, dressings and condiments, and soup where they have kept setting the pace in terms of innovation, point-of-sale availability and pricing.
While small local grocers still account for sizeable value share, modern grocery retails have gained ground over the review period, particularly in urban areas. Also, with heightened price sensitivity in 2022, consumers are choosing to shop in retailers such as Wal-Mart and discounter chains such as Pali and Maxi Pali.
Cooking ingredients and meals will register moderate constant value and volume growth over the forecast period. Economic uncertainty will dampen volume growth somewhat, due to rising inflation, fuelled by the war in Ukraine.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Costa Rica with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Costa Rica, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!