Sauces, Dressings and Condiments in Bolivia

PROSPECTS

Condiments benefit from being used in traditional Bolivian dishes

Condiments are widely used in the preparation of many traditional dishes in Bolivia. Traditional meals tend to be full of flavour, thanks to the addition of stock cubes and powders and herbs and spices and monosodium glutamate.

Other sauces, dressings and condiments remain niche, but local production of herbs and spices grows

Cooking sauces have grown in popularity in Bolivia due to globalisation. Local consumers are showing an increasing interest in cuisines from around the world, which has boosted demand for cooking sauces.

As restaurants see success, so do the values sales of sauces, dressings and condiments

As the middle class strengthen in Bolivia, higher incomes have led to a change in consumption habits, with consumers’ choosing to eat out at restaurants more frequently. Sales in restaurants soared during the review period, due to the increased popularity of eating out.

COMPETITIVE LANDSCAPE

Sauces, dressings and condiments benefit from seasonal promotion

The seasons and seasonal events heavily impact the sales of sauces, dressings and condiments. The festival of San Juan is a strong tradition in Bolivia, and most of the population consume large quantities of hot dogs as part of the festivities.

Industrias Venado leads as Kris offers table sauces that are popular in retail and foodservice

Industrias Venado, a player that has been around for more than 100 years, remained the clear leader in sauces, dressings and condiments in 2019, mostly thanks to its strength in table sauces. Kris, which offers mayonnaise, mustard and ketchup, is very popular across Bolivia thanks to its competitive prices and widespread distribution.

Industrias Kral Srl expands into new cities, offering discount prices on table sauces

Most of the sauces, dressings and condiments available in Bolivia have a standard positioning, although economy brands are also present. Economy brands compete primarily on a low-price platform.

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