Cooking ingredients and meals in 2024: The big picture
Cooking ingredients and meals in Bolivia is set to register an improved performance in current value growth terms in 2024. However, this is primarily due to price hikes imposed to offset inflationary pressures fuelled by the country’s balance of payments crisis, as retail volume growth is expected to be unchanged on 2023.
Key trends in 2024
Informal sales have continued to subdue retail volume growth potential for cooking ingredients and meals in Bolivia in 2024. With household budgets stretched by cost-of-living increases, many people have become more inclined to visit open markets to buy lower-priced products smuggled in from neighbouring counties.
Competitive landscape
Industrias de Aceite SA has retained the leading position in cooking ingredients and meals in Bolivia in value terms in 2024 thanks to its dominance in edible oils. Industrias Venado SA – the top producer in sauces, dips and condiments and meals and soups – has remained the second leading player overall, followed by Ajinomoto del Perú SA, Industrias Oleaginosas IOL SA and Industrias Kral Srl.
Channel developments
Retail distribution of cooking ingredients and meals in Bolivia has remained heavily concentrated in small local grocers in 2024, with supermarkets and hypermarkets finishing a distant second and third, respectively. The country’s retail market is underdeveloped, as it struggles to attract investment from larger regional and international players due to high levels of informal trade, structural economic problems and a long history of political instability.
What next for cooking ingredients and meals?
Cooking ingredients and meals in Bolivia looks set to perform reasonably well over the forecast period, with steady growth in retail volume and current value sales projected. Favourable demographic trends and the strength of traditional consumption habits should help to ensure overall demand remains buoyant.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Bolivia 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 Bolivia, 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 Bolivia 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 Bolivia?
- Which are the leading brands in Cooking Ingredients and Meals in Bolivia?
- How are products distributed in Cooking Ingredients and Meals in Bolivia?
- 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 Bolivia?
- 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 Bolivia
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 Bolivia
KEY DATA FINDINGS
Overall demand remains stable due to necessity status of soy and sunflower oil
Rising health awareness helps to temper decline in olive oil consumption
Industrias de Aceite continues to dominate edible oils in Bolivia
Maturity will subdue volume growth potential
Sale of Industrias de Aceite may create opportunities for smaller players
Interest in healthier alternatives and niche product types likely to increase
Meals and Soups in Bolivia
KEY DATA FINDINGS
Demand in all categories falls sharply as cost-of-living pressures bite
Dried ready meals is the most resilient performer in retail volume terms
Shortages of imported brands persist due to balance of payments crisis
Consumption of dry soup set to continue declining
Flavour diversification should help to strengthen interest in shelf stable ready meals
Healthier options likely to be a focal point for innovation
Sauces, Dips and Condiments in Bolivia
KEY DATA FINDINGS
Retail volume sales constrained by increased demand for unpackaged varieties
Stock cubes and powders is the fastest growing category in volume terms
Industrias Venado remains dominant but faces greater threat from cheaper brands
Smaller domestic players expected to fare well in herbs and spices
Shortages of fresh tomatoes will continue to buoy demand for processed alternatives
Chili sauces with more exotic international flavours set to gain popularity
Sweet Spreads in Bolivia
KEY DATA FINDINGS
Growth in domestic production helps to shield honey from inflationary pressures
Retail volume sales of jams and preserves decline as informal trade increases
Arcor continues to lead but faces growing cost and supply chain challenges
Traditional consumption habits will support stable demand for sweet spreads
Bolivians expected to show growing interest in nut and seed based spreads
Health-oriented products set to gain popularity
The following categories and subcategories are included:
Cooking Ingredients and Meals
-
- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
-
-
- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
-
- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
-
- Chilled Pizza
- Frozen Pizza
-
- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
-
-
-
-
- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
-
-
-
- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
-
- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
-
- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
-
-
- 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.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!