Ecuador's cooking ingredients market evolves with affordability pressures and changing consumer needs
The market for cooking ingredients and meals in Ecuador is being shaped by affordability pressures and changing household dynamics. Consumers continue to cook at home to manage costs, favouring products that offer convenience and versatility. Private label penetration is rising rapidly, supported largely by the expansion of discounters. Demographic shifts - particularly the rise of smaller households and single professionals - are prompting demand for smaller pack sizes and easy-to-prepare formats. Health considerations are increasingly influencing purchasing behaviour, although taste and practicality remain primary drivers.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Ecuador 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 Ecuador, 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 Ecuador 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 Ecuador?
- Which are the leading brands in Cooking Ingredients and Meals in Ecuador?
- How are products distributed in Cooking Ingredients and Meals in Ecuador?
- 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 Ecuador?
- 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 Ecuador
Ecuador's cooking ingredients market evolves with affordability pressures and changing consumer needs
KEY DATA FINDINGS
Market stabilises amid decline palm oil prices
Home-cooking trend sustains growth in sauces, dips, and condiments
Economic pressures drive value-seeking behaviours
Steady but modest growth expected
Smaller family sizes will present new opportunities
Practicality in meal preparation will drive demand for convenient formats
La Fabril maintains leadership despite rising private label competition
Private label emerges as a key growth driver
Supermarkets remains primary channel for cooking ingredients and meals
Discounters attract price-sensitive shoppers
COUNTRY REPORTS DISCLAIMER
Edible Oils in Ecuador
KEY DATA FINDINGS
Ecuador's edible oils market stabilises as consumers seek healthier affordable options
Falling palm oil prices weigh on edible oils value sales
Sunflower oil leads growth
Edible oils market face modest growth amid enduring price sensitivity and rise of private labels
Health and wellness trends will shape consumer choices
Innovation to drive premiumisation in edible oils
La Fabril leads sales, despite losing share to private label
Grupo Jaenoliva leads growth through strategic distribution
Small local grocers retain vital role
Discounters continue to expand
Meals and Soups in Ecuador
KEY DATA FINDINGS
Demographic changes and busier lifestyles impact demand
Convenience drives growth in meals and soups
Dry soup struggles to maintain momentum
Shelf stable soup drives value growth despite modest volumes
Positive outlook, driven by rising demand for convenience and demographic changes
Wellness trend will drive premiumisation
“Traveling tastes” presents innovation opportunities
Nestlé retains a strong lead
Rising Pressure from private label
Supermarkets continue to dominate the market
Tiendas Tuti drives growth of discounters
Sauces, Dips and Condiments in Ecuador
KEY DATA FINDINGS
Product innovation and interest in home cooking boost sales
Sauces, dips, and condiments benefit from home cooking trends
Versatile ketchup leads growth
Stable growth expected, but expansion will remain limited by low-cost foodservice
Health and wellness could emerge as secondary growth driver for sauces, dips, and condiments
Innovation will present key growth opportunity
Nestlé’s retains leadership with Maggi
Branded players face growing pressure from private label expansion
Supermarkets retain their dominance
Discounters emerges as fastest growing channel
Sweet Spreads in Ecuador
KEY DATA FINDINGS
Sweet spreads records a mixed performance
Modest value growth despite rising volumes
Honey leads value growth within sweet spreads
Positive outlook, driven by chocolate spreads
Honey will benefit from wellness claims
Jams and preserves manufacturers to focus on affordability to boost sales
Ferrero leads sweet spreads landscape
Nutzel popular as availability widens
Supermarkets leads distribution
Discounters channel drives growth
COUNTRY REPORTS DISCLAIMER
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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