Cooking ingredients and meals in 2024: The big picture
In 2024, the easing of inflation levels has significantly influenced Dominican consumers’ spending patterns, allowing for increased expenditure on categories that are considered non-essential. As a result, many consumers have taken advantage of private label brands, which not only offer a cost-effective alternative but also introduce new flavours and varieties, providing a means for consumers to maximise the value of their spending.
Key trends in 2024
The stabilisation of international raw material prices and the more predictable US dollar exchange rate have had a positive impact on the Dominican Republic’s edible oils market, which has seen modest growth in volume terms between 2023 and 2024. This recovery follows a period of significant strain across the region, as shortages in supply, combined with logistical challenges, left producers struggling to meet demand.
Competitive landscape
The residual effects of high inflation continue to shape consumer behaviour in the Dominican Republic, with many still prioritising brands that offer the best cost-to-benefit ratio. Private label brands, in particular, remain a popular choice as they expand their presence across major retailers in the country.
Channel developments
Colmados, small local grocers that account for more than half of the market in value terms, continue to play a vital role in the Dominican Republic’s traditional retail channel. These stores have proven to be an effective entry point for local brands, which enjoy strong consumer trust and loyalty across various product categories.
What next for cooking ingredients and meals?
Looking ahead, it is anticipated that the moderation of inflation will lead to more stable volume growth in the cooking ingredients and meals market. While value growth is likely to continue, it will increasingly be driven by factors beyond mere price hikes.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Dominican Republic 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 Dominican Republic, 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 Dominican Republic 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 Dominican Republic?
- Which are the leading brands in Cooking Ingredients and Meals in Dominican Republic?
- How are products distributed in Cooking Ingredients and Meals in Dominican Republic?
- 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 Dominican Republic?
- 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 Dominican Republic
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 Dominican Republic
KEY DATA FINDINGS
Recovery in supply chain and stabilising prices support growth
Strong local industry with dominance of smaller enterprises
Price increases drive changes in private label offerings
Growth in soy and corn Oils as consumers seek affordable alternatives
New palm oil facility set to boost local production
Coconut oil production faces challenges despite favourable conditions
Meals and Soups in Dominican Republic
KEY DATA FINDINGS
Lower inflation spurs increased demand for convenient meals
Strengthened logistics capacity enhances market efficiency
Inflation drives increased adoption of private label brands
Economic recovery to drive further growth in discretionary spending
Nestlé's investment to strengthen market leadership
Shelf-stable ready meals poised for strong growth
Sauces, Dips and Condiments in Dominican Republic
KEY DATA FINDINGS
Stabilising prices and reduced home cooking impact growth
Kraft expands its portfolio with new flavours in the traditional channel
New pasta sauces and affordable offerings cater to changing consumer preferences
Improved economic conditions set to boost discretionary spending
Nestlé to bolster market position with significant investment
Private label brands continue to gain ground amidst inflationary pressures
Sweet Spreads in Dominican Republic
KEY DATA FINDINGS
Stable prices encourage growth in sweet spreads consumption
Government investments drive growth in honey production
Concerns over honey adulteration impact consumer trust
Jams and preserves set for continued growth amid economic stability
Nut and seed-based spreads to lead category growth
Private label brands continue to gain ground in jams and preserves
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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