In 2024, cooking ingredients and meals in Laos continued to be hampered by high inflationary pressure on fuel and product prices as well as an urban-centric demand. Nonetheless, growth opportunities were derived from population increases, urbanisation, a rising middle-to-high-income population, improved logistics/infrastructure, lifestyle changes and faster tourism flows.
Cooking ingredients and meals in 2024: The big picture
A limited number of local companies are active in processing cooking ingredients and meals in Laos. As a result, the government supports the category through various initiatives funded by international development donors like the World Bank, Australian Aid, Irish Aid and others.
Country background
Laos is a small, landlocked country where forests play a crucial role in providing food and income for many rural communities. Since most rural households rely on subsistence farming, they often lack the income needed to afford a varied and nutritious diet.
Socioeconomic trends
Hopes for a swift economic recovery after the COVID-19 pandemic were derailed by both internal and external factors that negatively impacted household living standards. Domestically, the depreciation of the local currency and high inflation, driven by substantial external debt and low foreign exchange reserves, caused prices to soar, especially for imported fuel, food and medicine.
Logistics/infrastructure
Logistical issues face distributors in Laos, with many roads being poorly maintained. Poor road infrastructure even impacts major cities like Vientiane, with the rising ownership of vehicles putting pressure on many roads.
What next for cooking ingredients and meals?
Further healthy, if slowing, retail and foodservice volume growth is projected for cooking ingredients and meals in Laos over the forecast period. As with other packaged food categories, population growth, urbanisation, improving economic conditions and logistics developments will support a rise in awareness and demand.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Laos 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 Laos, 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 Laos 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 Laos?
- Which are the leading brands in Cooking Ingredients and Meals in Laos?
- How are products distributed in Cooking Ingredients and Meals in Laos?
- 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 Laos?
- 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 Laos
Cooking ingredients and meals in 2024: The big picture
Country background
Socioeconomic trends
Logistics/infrastructure
What next for cooking ingredients and meals?
DISCLAIMER
2024 Developments
Prospects and Opportunities
Category Data
2024 Developments
Prospects and Opportunities
Category Data
2024 Developments
Prospects and Opportunities
Category Data
2024 Developments
Prospects and Opportunities
Category Data
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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