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Steady demand for essentials despite high price sensitivity
In 2025, value sales of meals and cooking supplies are set to see moderate growth, with mixed consumer sentiment affecting the marketplace. For instance, while price sensitivity remained high due to ongoing inflation and cost-of-living pressures, demand for essential categories, such as basic sauces, spices, and edible oils remained steady. Convenience and product innovation helped packaged meals and sweet spreads increase somewhat, but premium acceptance was constrained by consumers' price-conscious purchasing habits. New flavours, convenience-focused packaging, and changing wellness preferences are driving development in categories such as sauces and spices, which are now seen as mature with limited potential for new competitors.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Sri Lanka 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 Sri Lanka, 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 Sri Lanka 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 Sri Lanka?
- Which are the leading brands in Cooking Ingredients and Meals in Sri Lanka?
- How are products distributed in Cooking Ingredients and Meals in Sri Lanka?
- 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 Sri Lanka?
- 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 Sri Lanka
Steady demand for essentials despite high price sensitivity
KEY DATA FINDINGS
Consumers endeavour to strike a balance between affordability and comfort
Growing health consciousness boosts interest in natural formulas and health and wellness products
Desire to make costs savings boosts the popularity of private label and influences choice of pack sizes
Moderate growth of cooking ingredients and meals over the forecast period
Industry players focus on price effectiveness, regional expansion and targeted marketing
Evolving distribution boosts modern grocery retailers and retail e-commerce though small local grocers remains vital
Pyramid Wilmar Pvt Ltd leads in cooking ingredients and meals with its Fortune brand of edible oil
Edinborough Products (Pvt) Ltd achieves the fastest growth
Small local grocers dominates the distribution of cooking ingredients and meals
Retail e-commerce experiences dynamic growth as consumers appreciate the convenience
Chart 1 Cooking Ingredients and Meals: Supermarket
Chart 2 Cooking Ingredients and Meals: Supermarket
Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2020-2025
Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2020-2025
Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2020-2025
Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2020-2025
Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2021-2025
Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2021-2025
Table 7 Distribution of Cooking Ingredients and Meals by Format: % Value 2020-2025
Table 8 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2025-2030
Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2025-2030
Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2025-2030
Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
Key Data Findings
2025 Developments
Consumer price sensitivity boosts the popularity of less expensive substitutes
Industry Performance
Many global and local players in a variety of industries are dependent on local palm oil production
Coconut oil and olive oil are valued for their associated healthy qualities, while most consumers prioritise price
What’s Next?
Forecast period sales growth of edible oils as price sensitivity alleviates somewhat
The health and wellness trend stimulates demand for better for you edible oils
Growing importance of innovation and sustainability
Competitive Landscape
Pyramid Wilmar Pvt Ltd retains the lead with its Fortune brand
In addition to Pyramid Wilmar Pvt Ltd, Sunshine Holdings records strong growth
Channels
Small local grocers retains the outright lead in the distribution of edible oils
Retail e-commerce achieves significant growth from a low base
Category Data
Table 12 Sales of Edible Oils by Category: Volume 2020-2025
Table 13 Sales of Edible Oils by Category: Value 2020-2025
Table 14 Sales of Edible Oils by Category: % Volume Growth 2020-2025
Table 15 Sales of Edible Oils by Category: % Value Growth 2020-2025
Table 16 NBO Company Shares of Edible Oils: % Value 2021-2025
Table 17 LBN Brand Shares of Edible Oils: % Value 2021-2025
Table 18 Forecast Sales of Edible Oils by Category: Volume 2025-2030
Table 19 Forecast Sales of Edible Oils by Category: Value 2025-2030
Table 20 Forecast Sales of Edible Oils by Category: % Volume Growth 2025-2030
Table 21 Forecast Sales of Edible Oils by Category: % Value Growth 2025-2030
Key Data Findings
2025 Developments
Price sensitivity dampens sales of meals and soups
Industry Performance
Meals and soups faces several barriers to wider adoption
Dry soup remains by far the more popular category with frozen pizza growing from a highly niche base
What’s Next?
Improving economic scenario boosts demand for convenience as consumer confidence improves
Product innovation is influenced by health and wellness factors
Industry increasingly characterised by technologically and sustainability
Competitive Landscape
Ceylon Biscuits retains the lead in meals and soups
Among “others” Keells is becoming a more important player
Channels
Small local grocers leads in the distribution of meals and soups
Retail e-commerce records the fastest growth in 2025
Category Data
Table 22 Sales of Meals and Soups by Category: Volume 2020-2025
Table 23 Sales of Meals and Soups by Category: Value 2020-2025
Table 24 Sales of Meals and Soups by Category: % Volume Growth 2020-2025
Table 25 Sales of Meals and Soups by Category: % Value Growth 2020-2025
Table 26 NBO Company Shares of Meals and Soups: % Value 2021-2025
Table 27 LBN Brand Shares of Meals and Soups: % Value 2021-2025
Table 28 Forecast Sales of Meals and Soups by Category: Volume 2025-2030
Table 29 Forecast Sales of Meals and Soups by Category: Value 2025-2030
Table 30 Forecast Sales of Meals and Soups by Category: % Volume Growth 2025-2030
Table 31 Forecast Sales of Meals and Soups by Category: % Value Growth 2025-2030
Key Data Findings
2025 Developments
Consumer price sensitivity shapes the category in 2025
Industry Performance
The essential nature of sauces, dips and condiments boosts category sales
The nature of Sri Lankan cuisine benefits dry recipe sauces
What’s Next?
Moderate forecast period sales with potential for specialised flavour profiles
Product innovation impacted by health and wellbeing
Industry players alter packaging to provide consumers with more convenience and to reduce their costs
Competitive Landscape
Edinborough leads thanks to the variety of its table sauces
Edinborough records the strongest growth thanks to its increasing appeal in retail and foodservice
Channels
Small local grocers dominates in sauces, dips and condiments
Retail e-commerce develops rapidly from a low base
Category Data
Table 32 Sales of Sauces, Dips and Condiments by Category: Volume 2020-2025
Table 33 Sales of Sauces, Dips and Condiments by Category: Value 2020-2025
Table 34 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2020-2025
Table 35 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2020-2025
Table 36 NBO Company Shares of Sauces, Dips and Condiments: % Value 2021-2025
Table 37 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2021-2025
Table 38 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2025-2030
Table 39 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2025-2030
Table 40 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2025-2030
Table 41 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2025-2030
Key Data Findings
2025 Developments
Steady sales of sweet spreads
Industry Performance
Jams and preserves benefits from widespread popularity across socioeconomic groups
Local honey production has an impact on category sales
What’s Next?
Forecast period growth for sweet spreads
Demand for healthy sweet spreads rises
Greater investment in more convenient and environmentally-friendly packaging
Competitive Landscape
Lake Canneries retains the outright lead with its MD brand
Cargills (Ceylon) Plc with Kist is the fastest growing player in 2025
Channels
Small local grocers dominates the distribution of sweet spreads
Retail e-commerce enjoys strong growth followed by supermarkets
Category Data
Table 42 Sales of Sweet Spreads by Category: Volume 2020-2025
Table 43 Sales of Sweet Spreads by Category: Value 2020-2025
Table 44 Sales of Sweet Spreads by Category: % Volume Growth 2020-2025
Table 45 Sales of Sweet Spreads by Category: % Value Growth 2020-2025
Table 46 NBO Company Shares of Sweet Spreads: % Value 2021-2025
Table 47 LBN Brand Shares of Sweet Spreads: % Value 2021-2025
Table 48 Forecast Sales of Sweet Spreads by Category: Volume 2025-2030
Table 49 Forecast Sales of Sweet Spreads by Category: Value 2025-2030
Table 50 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2025-2030
Table 51 Forecast Sales of Sweet Spreads by Category: % Value Growth 2025-2030
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
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This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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