The convenience offered by meals and soups is expected to sustain further growth over the forecast period. Consumers increasingly value their time, especially in a post-pandemic landscape with a return to work and out-of-home activities, thus the convenience factor is of great importance to the category, with its range of tasty and easy-to-prepare products.
In light of the ongoing economic uncertainty, consumers are expected to remain price sensitive over the forecast period, and this will benefit sales of soup, as such products offer affordable, warm meals.
As companies face constant price increases, they are likely to focus on developing products with added value which might give them higher returns. This is likely to drive the growth of ready meals over the forecast period.
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Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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 DefinitionsThis report originates from Passport, our Meals and Soups research and analysis database.
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