Cooking ingredients and meals in 2024: The big picture
In 2024, it is expected to be a positive picture for cooking ingredients and meals in Azerbaijan, with a healthy increase in both current value and volume sales. This performance is due to several factors, including the essentialness of cooking ingredients, as well as continuing population growth.
Key trends in 2024
Sunflower oil continues to be the most popular edible oil and is expected to register healthy value and volume growth in 2024. Supplies have stabilised after the disruption caused by the war in nearby Ukraine, which is a key global supplier of sunflower oil.
Competitive landscape
Local companies continue to have a significant foothold, largely due to their affordable pricing compared with imported brands. Azersun Holding MMC, which owns several local companies, including Baku Yag & Gida Senaye and Qafqaz-Konserv Zavodu, leads and has a significant foothold.
Channel developments
Modern retail channels and in particular supermarkets have gained significant value share over the review period. At the same time, competition between manufacturers and distributors is increasing and this is contributing to a wider choice of products at more affordable prices.
What next for cooking ingredients and meals?
Cooking ingredients and meals will register moderate constant value and volume growth over the forecast period. Growth will be supported by a growing population and lower inflation.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Azerbaijan 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.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Azerbaijan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cooking Ingredients and Meals in Azerbaijan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in Azerbaijan?
- Which are the leading brands in Cooking Ingredients and Meals in Azerbaijan?
- How are products distributed in Cooking Ingredients and Meals in Azerbaijan?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Azerbaijan?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Azerbaijan
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Azerbaijan
KEY DATA FINDINGS
Stabilisation of supplies benefits sunflower oil
Mixed oils are growing in popularity
Olive oil gaining ground
Similar dynamic over forecast period
Higher levels of segmentation over forecast period
Continuing healthy growth for olive oil
Meals and Soups in Azerbaijan
KEY DATA FINDINGS
Pizza best performer in 2024
Local brands popular
Dry soup dominates
Modest volume growth over forecast period
Retail development drives growth in ready meals
Frozen pizza registers highest volume growth
Sauces, Dips and Condiments in Azerbaijan
KEY DATA FINDINGS
Muted volume growth in 2024
Weakest performer is mayonnaise
Local brands lead in tomato pastes and purées
Moderate constant value growth over forecast period
Increasing scrutiny of ingredients
Local brands will continue to lead
Sweet Spreads in Azerbaijan
KEY DATA FINDINGS
Healthy value and volume growth in 2024
Local honey has large foothold
Muted volume sales for chocolate spreads
Jams and preserves outperform other sweet spreads
Volume decline for chocolate spreads
Peanut butter popular with sports enthusiasts
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
- 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
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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