With growth in retail volume sales set to be modest, a steady increase in unit price will be the main driver of growth in retail current value sales of ready meals during the forecast period, with shelf stable ready meals set to remain the top performer. Consumer awareness of ready meals will remain relatively limited.
As the health and wellness trend continues to gain traction in the country, consumers will be looking more for ready meals and soups they perceive as healthier. This includes meals and soups that emphasise the use of natural ingredients, lower levels of added sugar and sodium content, along with an appealing presentation and taste.
Meal kits have yet to take off in the Dominican Republic, but there is much potential for growth in the product area as local consumers live increasingly busier lives. During the COVID-19 pandemic and ensuing lockdowns, families had more time to cook and prepare meals from scratch at home.
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Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Dominican Republic 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 Dominican Republic, 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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