In the Dominican Republic, COVID-19 is anticipated to have a minimal impact on processed meat and seafood in 2020, with current value and retail volume growth set to be slightly higher than in in the previous year. Processed meat remains a popular product, with Dominican salami a true staple of the Dominican diet as it is consumed by the majority of households in the country.
The global trend of processed meat and seafood with fewer preservatives is entering the Dominican Republic. Due to the national curfew in 2020, locals have had more time for cooking at home, and as a result have increasingly avoided eating heavily processed foods in favour of preparing and enjoying regular meals.
In 2020, e-commerce emerges as an essential component of company strategy. Leading player Induveca SA entered e-commerce with its own webpage where customers have access to place orders with all the company’s products.
After the anticipated year of slightly stronger current value and retail volume growth in 2020, processed meat and seafood is set experience a much slower rate of current value and retail volume growth in 2021. Some of this decline will be a result of the end of lockdown restrictions, with consumers expected to have less time to cook at home once they begin resuming their daily lives.
Consumer demand for healthier products is set to drive innovation in processed meat and seafood over the forecast period. Indeed, the Dominican Republic is home to a vibrant meat-processing industry with a variety of products that have successfully evolved with its consumers.
Over the forecast period, local brands are set to continue dominating processed meat and seafood. While some international brands are present in processed meat and seafood, these products have much higher prices that are often beyond the budgets of most households.
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Understand the latest market trends and future growth opportunities for the Processed Meat and Seafood 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.
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This report originates from Passport, our Processed Meat and Seafood research and analysis database.
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