Cooking Ingredients and Meals

The Colombian economy began to recover in the second half of 2021, with growth reaching + 7.5% by the end of the year 2022. This was fuelled by fiscal stimuli registered in 2021, increased oil prices and a boost in food and beverages exports which…

While there is still economic uncertainty, inflationary pressure eases significantly in 2023, even falling into deflation territory for part of the year. This is seen particularly in edible oils, where prices fall after the highs experienced in 2022,…

The swift reopening of the Dominican Republic following the COVID-19 pandemic gave the economy a boost, with the influx of tourists reinvigorating businesses. The tourism sector is a significant contributor to GDP and so the rebound in tourism has…

Cooking ingredients and meals experienced strong growth during the COVID-19 pandemic as consumers spent more time cooking meals at home. Since the sharp spike in retail volume sales in 2020, retail consumption has gradually normalized, with consumers…

In 2023, inflation has begun to subside in Guatemala although retail price inflation continues to impact the basic food basket. Lower prices of some imported goods, regulatory interest rate policies and reduced agricultural production costs have…

Cooking ingredients and meals registered value sales growth across the market in 2023 due to rising prices while volume sales growth was modest. Consumers sought out lower priced options such as private label and stand-up pouches due to ongoing…

Cooking ingredients and meals slowed in volume terms in 2023 while value sales rose strongly due to rising inflation. Substantial unit price increases put significant pressure on household incomes, resulting in a more conservative approach to…

While value sales rose of cooking ingredients and meals rose in 2023, volume sales contracted. High inflation forced consumers to reduce the frequency of purchases. Nevertheless, while poverty and income inequality characterise Paraguay’s small…

Peru has been experiencing a sustained increase in prices since 2021, which slowed down but persisted in 2023.

In 2023, cooking ingredients and meals registered a modest growth in volume terms, as it faced various challenges. The weaker purchasing power seen in 2022 has continued in 2023 and is impacting negatively on demand, although mainly in sweet spreads…