Cooking ingredients and meals in 2024: The big picture
Cooking ingredients and meals in Costa Rica has performed impressively in 2024, with retail volume and current value growth rates set to surpass those recorded in 2023. The upturn has been most pronounced in volume terms, as pricing pressures fuelled by the recent spike in inflation have now largely receded.
Key trends in 2024
Having recently been reinforced by concerns surrounding the pandemic, the well-established tendency towards rising health-consciousness in Costa Rica has continued to gain influence over purchasing decisions across cooking ingredients and meals in 2024. Most notably, with people increasingly aware of the risk factors associated with serious conditions like obesity, heart disease, hypertension and cancer, products that are lower in fat, sugar and salt have performed positively in multiple categories.
Competitive landscape
Unilever de Centroamérica SA has retained the top position in cooking ingredients and meals in Costa Rica in value terms in 2024, primarily due to its leadership in sauces, dips and condiments. Cía Numar SA, the clear leader in edible oils, is the second-ranked company overall, followed by Nestlé Costa Rica SA, which holds first place in meals and soups.
Channel developments
Supermarkets has remained the most important retail distribution channel for cooking ingredients and meals in Costa Rica in value terms in 2024, followed by small local grocers, discounters, hypermarkets and e-commerce. The value shares claimed by discounters and hypermarkets look set to rise from 2023, partly due to the expansion of leading chains but also because of enduring price-sensitivity among consumers.
What next for cooking ingredients and meals?
Cooking ingredients and meals in Costa Rica looks set to expand at a steady pace in retail volume and current value terms over the forecast period, with the vast majority of categories anticipated to register consistently positive results in both respects. Together with population growth and traditional culinary and dietary preferences, the fact that many product types are considered basic necessities will ensure overall demand remains buoyant.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Costa Rica 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 Costa Rica, 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 Costa Rica 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 Costa Rica?
- Which are the leading brands in Cooking Ingredients and Meals in Costa Rica?
- How are products distributed in Cooking Ingredients and Meals in Costa Rica?
- 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 Costa Rica?
- 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 Costa Rica
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 Costa Rica
KEY DATA FINDINGS
Retail volume sales of olive oil decline sharply as prices spike
Price still the key determinant in purchasing decisions for most Costa Ricans
High saturated fat content continues to limit appeal of palm oil
Avocado oil expected to become more popular
Demand for spray formats set to continue rising
Further gains anticipated for private label products
Meals and Soups in Costa Rica
KEY DATA FINDINGS
Reduction in inflation and expanding private label offer help to buoy demand
Segmentation increasingly visible in meals and soups
Imported products attract growing attention in frozen ready meals
Meal kits likely to gain popularity among higher-income consumers
Interest in ready meals with ethnic flavours expected to increase
Demand for healthier alternatives set to rise
Sauces, Dips and Condiments in Costa Rica
KEY DATA FINDINGS
Innovation helps to stimulate greater interest in ketchup
Use of stand-up pouches continues to increase in sauces categories
Flavour diversification remains a key competitive strategy
Further improvements in private label penetration anticipated
Demand for vegan and plant-based products will continue to grow
Health concerns set to become more influential in shaping consumer choices
Sweet Spreads in Costa Rica
KEY DATA FINDINGS
Gourmet-style options are well received in honey
Reduced sugar and sugar free products gain ground in jams and preserves
Expanding assortment boosts interest in nut and seed based spreads
Lower-priced health-oriented nut butters could have strong growth potential
More products likely to be made available in single-serve sachets
Use of pouches as on-the-go and refill packs expected to increase
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?
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This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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