Cooking ingredients and meals in 2024: The big picture
Cooking ingredients and meals in Chile is showing signs of recovery in 2024 following 2023’s widespread drops in volume sales. Accelerated inflation rates during the review period motivated changes in Chilean consumers, forcing them to adapt their preferences and purchasing decisions in response.
Key trends in 2024
Local price rises and health and wellness trends are having the most significant impact on purchasing patterns within cooking ingredients and meals. Though inflation is moderate for most products, some segments, such as olive oil, continue to see sharp rises.
Competitive landscape
Walmart Chile SA leads overall cooking ingredients and meals in 2024, holding 14% value share. The company continues to maintain its top position thanks to the strong popularity of its private labels, Great Value and Líder.
Channel developments
In 2024, modern grocery retailers continue to be the most important channels for cooking ingredients and meals. Given the fall in purchasing power, local consumers are shopping around in search of better prices, promotions and offers for their purchases.
What next for cooking ingredients and meals?
Cooking ingredients and meals will face several challenges during the forecast period, with players needing to adapt to increased price sensitivity among consumers, as well as climate change impacts and rising environmental awareness. However, the overall industry should see growth as inflation rates stabilise in Chile.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Chile 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 Chile, 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 Chile 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 Chile?
- Which are the leading brands in Cooking Ingredients and Meals in Chile?
- How are products distributed in Cooking Ingredients and Meals in Chile?
- 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 Chile?
- 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 Chile
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 Chile
KEY DATA FINDINGS
Low stock pushes up prices in olive oil in 2024
National olive oil especially for children, as cost-conscious consumers opt for large pack formats
International awards for new local and sustainable developments
Olive oil to benefit as health focus sharpens
Private label will continue to expand within edible oils
Innovation, climate and international factors as key growth-drivers
Meals and Soups in Chile
KEY DATA FINDINGS
Home-made food threatens meals and soups amid economic uncertainty
Prepared salads benefits from demands of modern life and increased health awareness
Dry soup versus healthy eating
Chilled pizza will gain further ground and see new varieties, as soup players leverage natural trend
Ready meals to face continued challenges, with prepared salads supported by convenience demand
Foodservice growth may threaten ready meal retail sales
Sauces, Dips and Condiments in Chile
KEY DATA FINDINGS
Home-based social gatherings motivate demand for category products
Hellmann’s continues to lead cooking and table sauces
Mayonnaise sees persistent plant-based innovation
Demand for organic herbs and sauces will rise
New dining experiences will drive category sales
Dips to see greater prevalence of natural ingredients
Sweet Spreads in Chile
KEY DATA FINDINGS
Honey consumption increases in 2024
Nutella maintains leadership of chocolate spreads while Watt’s still dominates jams and preserves
Private label likely to continue expand in hazelnut cream
Demand for organic products will grow
Adulterated honey threatens to hamper honey’s growth within the category
Social networks as strategy to connect with customers
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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