Ready meals faces a challenging scenario for the forecast period, amid inflationary pressures and economic uncertainty, with this uncertainty linked partly to the arrival of the new government in Colombia in August 2022. Gustavo Petro won the presidential elections in June 2022 and the announcements of the elected president and his team included talk of tax reforms which could lead to a drop in the income of some consumers.
New business models, leveraging on digital trends, convenience and foodservice are expected to continue developing in the coming years in Colombia. Models like Etsy Market, which has presented a new concept of ready meals based on the offer of recognised restaurants, could achieve improved perceptions regarding the freshness and healthiness of these products compared to the ready meals available at grocery retailers.
Soup is expected to continue declining in retail volume terms during the forecast period. This is partly due to the changing dietary habits of many Colombians who are no longer including soup in their meals, but also due to unhealthy perception of many of these products.
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Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Colombia 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 Meals and Soups industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.See All of Our Definitions
This report originates from Passport, our Meals and Soups research and analysis database.
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