Cooking Ingredients and Meals

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…

The high rate of inflation and increasing production and transportation costs drove up the unit prices of cooking ingredients and meals significantly in 2022 and 2023. What is more, edible oils saw even sharper movements in price due to the deficit…

In 2023, a surge in living costs has driven price increases of 20-60% in cooking ingredients. As a result, demand has declined, especially among lower-middle-income consumers. To combat this, manufacturers have been focusing on smaller packs. On a…

Retail value growth is stronger than volume in cooking ingredients and meals in Vietnam, due to inflationary pressures pushing up unit prices. That said, despite these economic pressures, volume growth is also relatively stable. We also note that…

There have been surges in raw material prices for cooking ingredients and meals in South Korea, primarily attributed to climate change and geopolitical issues, which are further pushing up the average unit price. This has created an upward trajectory…

Cooking ingredients and meals are seeing a mixed performance in France 2023, as inflation and other cost-of-living pressures cause prices to rise. Overall retail volumes are stabilising back towards positive figures, albeit not out of negative growth…

Retail demand for cooking ingredients and meals experienced a slowdown in 2022 during a period of high inflation. Throughout the year, the intensification of a phenomenon locally known as the “hourglass” effect was evident. It divided consumers into…

In 2023, the Polish market for packaged cooking ingredients and meals experiences significant growth and evolving consumer preferences. The ready meals category leads in terms of value, and to some extent in volume, with rigid plastics as the primary…

In 2023, Oman's cooking ingredients industry has shifted due to higher prices from global inflation. Consumers are now leaning towards healthier choices, affecting demand for traditional cooking ingredients. Freshness remains a priority, leading to…

After declining in 2022, overall retail volume sales of cooking ingredients and meals in Croatia are set to increase moderately in 2023. This recovery is partly explained by the gradual easing of inflationary pressures linked to the global recovery…

Retail current value sales growth across cooking ingredients and meals remains strong in 2023 with broader inflationary pressures a key contributor to this. While fuel costs have stabilised following the initial shock in 2022 after Russia’s invasion…

2022 was an extremely challenging year for cooking ingredients and meals in Chile, and the economic effects experienced in the country during that period are still relevant in 2023. Despite consumers' anticipation of an improved economic landscape…

Demand continued to increase across most categories of cooking ingredients and meals in 2023 despite significant average unit price increases as high inflation eroded consumer spending power. General economic development, urbanisation and the spread…

2023 was a year of stable, modest retail volume growth and strong double-digit retail value growth in current terms for cooking ingredients and meals in Bosnia and Herzegovina as high inflation and subsequent significant unit price growth all of…

Two major forces are shaping the cooking ingredients category in the Czech Republic in 2023: high inflation and population increase due to the arrival of Ukrainian refugees. Within foodservice, prices are increasing, and many Czechs are instead…

The lingering effect of the inflationary wave from 2022, exacerbated by the ongoing Russian invasion of Ukraine, has resulted in continued economic pressures. Moreover, cooking ingredients and meals is dealing with the consequences of climate change,…

Retail demand for cooking ingredients and meals continues to grow in the United Arab Emirates. The increase in the expatriate population and the boom in tourism since the easing of pandemic restrictions, are positively impacting retail volume growth…

Following the major spike in demand seen in 2020, when the COVID-19 restrictions meant more cooking and eating at home, sales in real value terms have continued to increase, albeit at a slower rate. This is in spite of the inflationary environment…

After China scrapped its zero-COVID policy at the end of 2022, retail sales declined in this country in both volume and real value terms in 2023. As consumers’ lives returned to normal, this resulted in a shift from cooking at home to eating out at…

After the pandemic resulted in a spike in demand for retail sales of cooking ingredients and meals in Western Europe in 2020, the volume performance was hit by high inflation in 2022 and 2023. This has been favouring growing shares for discounters…