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Learn more33 pages, Jan 2018
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In 2017, current value sales of rice, pasta and noodles increased by 5%, which was slower than the 6% review period value CAGR. The introduction of more premium variants, which command a higher price point, was one of the reasons for the positive performance over the review period. However, the greater degree of competition that has emerged, because of its success over the review period, has limited the growth of the category in 2017.
Empresas Carozzi SA led rice, pasta and noodles in 2017 with a 38% value share. Tresmontes Lucchetti remained the second most important player, with a 15% value share. Both leaders are positioned strongly in the category with a long-standing presence in Chile, and continue to innovate through specific products. Empresas Tucapel retained its third position with a 13% value share, due to its strong position in rice, with innovative new varieties, which appeal to convenience and health and wellness attributes.
Rice, pasta and noodles is projected to record a value CAGR of 2% at constant 2017 prices over the forecast period, which is mainly based on higher average unit prices than a rise in volume consumption. It is expected that the growth of the category will be sustained mainly by the launch of new varieties aligned with the trends of convenience and health and wellness, which present higher margins than the standard varieties. On the other hand, there is little room to grow within the standard varieties, mainly due to their saturation in terms of volume and low margins in terms of value.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Rice, Pasta and Noodles industry in Chile with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Rice, Pasta and Noodles industry in Chile, our research will save you time and money while empowering you to make informed, profitable decisions.
The Rice, Pasta and Noodles in Chile market research report includes:
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Why buy this report?
This industry report originates from Passport, our Packaged Food market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.