COVID-19 benefited soup in 2020 as current value sales rose notably compared to that seen over the review period. This may come as a surprise as people had more time to cook at home and packaged soup is relatively expensive and unhealthy.
In 2021, the average unit price of soup has increased well above general inflation. The devaluation of the exchange rate has negatively impacted imported brands in particular.
Unilever del Uruguay will continue to lead soup sales in Uruguay in 2021. Knorr is one of the company’s most popular brands as it has been available in Uruguay for many years and is the preferred option for the majority of consumers, particularly for dehydrated and instant soups.
The recent economic crisis, coupled with the preference for healthier options in the form of home-made soup. negatively impacted consumption of packaged soup over the review period.
In 2021, a new labelling law has been implemented in Uruguay which forces companies to change the packaging of their soups. The new labelling law shows black octagons if a product is exceeding certain levels of sugar, salt, fat, or saturated fat.
Uruguay only has two or three months of hot weather, with temperatures during the rest of the year being much colder. Nevertheless, during the review period, the hot season was longer, thus shortening the colder periods.
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Soups is the aggregation of dried (dehydrated formats), shelf stable and chilled and frozen soups. Includes: Ready-made, pre-packaged soup, regardless of format. Excludes: Liquid stocks and or stock/bouillon cubes. These are tracked in sauces, dressings and condiments, under cooking ingredients. Herbal soup mixes common in Asia are also excluded.See All of Our Definitions
This report originates from Passport, our Soup research and analysis database.
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