Cooking ingredients and meals in 2024: The big picture
Cooking ingredients and meals in Brazil is expected to maintain retail current value growth in 2024. Sauces, dips and condiments and edible oils represent the most important categories for the industry in Brazil.
Key trends in 2024
The Brazilian consumer landscape has undergone significant transformation in recent years. Economic uncertainties have compelled consumers to become more discerning and cost-conscious.
Competitive landscape
In 2024, the competitive landscape of edible oils in Brazil is expected to continue to be led by three major global grain processing and commodities companies for food production in value terms: Cargill Agrícola SA, Bunge Alimentos SA, and ADM do Brasil Ltda. Cargill’s Liza brand made a few adjustments to its portfolio in the past couple of years, including distinct products for frying and baking, launching to the market the first sweet edible oil.
Channel developments
The foodservice industry in Brazil is grappling with the impact of rising input costs, particularly for essential ingredients such as olive oil. Adverse climatic conditions in key producing regions have led to crop failures and reduced yields, driving up prices.
What next for cooking ingredients and meals?
Emerging trends in cooking ingredients and meals in Brazil align closely with the strategic topics identified by Euromonitor International, including the segmentation of consumption occasions, increasing demand for plant-based options, heightened dietary awareness, and a preference for local products. The outlook for cooking ingredients and meals is therefore positive for the forecast period in Brazil, with growth expected in both retail and foodservice volumes, as well as in retail current value terms.
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 Brazil 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 Brazil, 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 Brazil 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 Brazil?
- Which are the leading brands in Cooking Ingredients and Meals in Brazil?
- How are products distributed in Cooking Ingredients and Meals in Brazil?
- 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 Brazil?
- 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 Brazil
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 Brazil
KEY DATA FINDINGS
Global olive oil crisis continues to drive up prices
Brazilian production of olive oil is small but rising; different strategies are adopted to attract different consumer groups
Vegetable oils see good momentum
Olive oil innovations with the addition of other ingredients may help justify final prices
Avocado and palm oil seen as possible substitutes for olive oil
Innovation in edible oils may come from differentiating oils by use
Meals and Soups in Brazil
KEY DATA FINDINGS
Economic scenario pushes consumers towards convenient and good value for money products
Soups incorporate protein as a source of differentiation
Expansion of frozen ready meals options boosts sales
Availability of meals and soups across multiple channels will optimise sales
Companies expected to launch new lines of frozen ready meals
Busy routines and smaller families likely to drive up sales
Sauces, Dips and Condiments in Brazil
KEY DATA FINDINGS
Economic scenario pushes consumers towards products offering good value for money
New flavours enter table sauces to attract consumers’ interest
Health trend starts to be seen in sauces, dips and condiments, via low sodium claims on labels
Asian flavours appeal to the Brazilian palate
Vegan and vegetarian claims are still not often seen on shelves
Artisanal sauces, dips and condiments will continue to find followers
Sweet Spreads in Brazil
KEY DATA FINDINGS
Economic scenario challenges sweet spreads, but innovation helps it stay resilient
Peanut butter revamp, with health and wellness claims
Addressing healthier lifestyles with the fortification of sweet spreads
Nut and seed based spreads set to gain momentum, with pistachio spreads a highlight
Beekeeping likely to continue to break records, while Baldoni brings branding to the category
Diversification of channels set to have a positive impact for sweet spreads
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!