The snacks market is set to record positive growth in 2022 in a continuation from 2021as society increasingly opens up and people resume pre-pandemic activities. Nonetheless, poverty and income inequality have been exacerbated by the pandemic leading to a decline in disposable incomes.
In 2022 the snacks market is set to maintain strong growth due to an ending of COVID-19 restrictions. With children and students returning to places of education and employees to their workplaces, sales of snacks are set to rise, with much of the growth seen in on-the-go or individual pack sizes.
Consumers in Paraguay typically eat four meals per day: breakfast, lunch (which is considered the most important meal), merienda (consumed at teatime and usually consisting of a hot drink and a baked snack) and dinner. Nevertheless, mealtimes vary according to region and family.
Around 50% of the population of Paraguay is economically active, with the middle class representing around 23% of all households in 2022. Nevertheless, poverty and income inequality remain a major challenge, with Paraguay being one of the poorest nations in the region.
The condition of the roads in Paraguay varies depending on the region, with the most developed highways connecting Asuncion, Encarnacion and Ciudad del Este in the southern half of the country. Much of the country’s infrastructure requires improvement given that there are still thousands of miles of rural, unpaved roads, which are impassable during the rainy season.
The ongoing alleviation in the pandemic and the rollout of vaccines will enable the country to recover from the catastrophic consequences of the pandemic on its economy. As a result, snacks is set to increase in value sales over the forecast period.
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Understand the latest market trends and future growth opportunities for the Snacks industry in Paraguay with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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This report originates from Passport, our Snacks research and analysis database.
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