PROSPECTS AND OPPORTUNITIES
Rising health-consciousness will continue to boost overall demand
The outlook for health and wellness cooking ingredients and meals over the forecast period is broadly favourable, with most of the main categories projected to register solid growth in retail volume sales and value sales at constant 2023 prices. With inflationary pressures gradually receding, a sustained recovery in confidence and purchasing power among Chileans should provide a boost to overall demand in the short-to-medium term.
Dairy free projected to be the fastest developing health and wellness claim
Dairy free is predicted to be the most dynamic health and wellness claim within cooking ingredients and meals in terms of volume growth and value growth at constant 2023 prices over the forecast period. While this is partly because sales are still emerging from a relatively low base, demand for products with this positioning should continue to increase at a robust pace as more people choose to cut down on foods containing dairy ingredients or eliminate them from their diets completely for health reasons.
Interest in vegan, vegetarian and plant-based products set to rise
Vegan, vegetarian and plant-based options look set to gain ground in multiple cooking ingredients and meals categories over the forecast period. Interest in these kinds of products will continue to rise steadily as more Chileans consciously reduce their consumption of meat or give it up entirely, whether for the sake of their health or due to ethical concerns related to the environment and animal welfare issues.
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Overview:
Understand the latest market trends and future growth opportunities for the HW Cooking Ingredients and Meals industry in Chile 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.
If you're in the HW Cooking Ingredients and Meals industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The HW Cooking Ingredients and Meals in Chile 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 HW Cooking Ingredients and Meals in Chile?
- What are the key health and wellness concerns driving sales in HW Cooking Ingredients and Meals?
- Is HW Cooking Ingredients and Meals a dynamic niche or mainstream concern in Chile?
- Which are the leading brands in HW Cooking Ingredients and Meals in Chile?
- How are products distributed in HW Cooking Ingredients and Meals in Chile?
- How has COVID-19 and accordant recession impacted sales? Which categories have seen rising demand? Which are most vulnerable to economic disruption and diminished consumer confidence?
- Where is future growth expected to be most dynamic?
HW Cooking Ingredients and Meals in Chile - Category analysis
KEY DATA FINDINGS
Demand for health and wellness products remains robust despite inflationary challenges
Vegetarian still the leading health and wellness claim in value sales terms
Consumers show growing interest in high protein options
Rising health-consciousness will continue to boost overall demand
Dairy free projected to be the fastest developing health and wellness claim
Interest in vegan, vegetarian and plant-based products set to rise
Health and Wellness in Chile - Industry Overview
Health and wellness in focus
Consumer weight trends
Consumer diet trends
Health-related deaths
Blood pressure and cholesterol levels
Diabetes prevalence
DISCLAIMER
HW Cooking Ingredients and Meals
Health and Wellness encompasses a number of key claims made on a food or drink products that suggest a health and/or wellness positioning. It comprises positionings relating to better for you, dietary and free from, fortified/functional, health benefit, natural and organic. This is the aggregation of edible oils, meals and soups, sauces, dips and condiments and sweet spreads For full product category definitions please refer to the definitions section (can be found under the "Help" section on Passport) for the respective system: Cooking Ingredients and Meals, Dairy Products and Alternatives, Snacks, Staple Foods, Hot Drinks, Soft Drinks. Please note that data is not available at this level or other aggregated claim levels.
See all of our definitionsWhy 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 HW Cooking Ingredients and Meals research and analysis database.
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