PROSPECTS AND OPPORTUNITIES
Demand for snacks with sugar- and fat-related claims set to remain robust
The outlook for health and wellness snacks in Chile over the forecast period is bright on the whole, with most of the main categories projected to record robust growth in retail volume sales and value sales at constant 2023 prices. With inflationary pressures steadily easing, improvements in confidence and purchasing power among the population should lift overall demand in the short-to-medium term.
Health and ethical concerns will broaden appeal of vegan and plant-based snacks
Vegan and plant-based snacks look set to continue gaining popularity in Chile over the forecast period. Demand for such products should remain buoyant in a number of categories due to the fact that more people are now consciously reducing their consumption of animal-derived foods or forgoing them altogether.
Interest in keto snacks expected to rise steadily
Recent years have seen more Chileans start to follow ketogenic diet plans in an effort to lose weight, reduce the risk of different diseases and better manage the symptoms of chronic illness such as type 2 diabetes. Recommendations from health and beauty influencers on social media platforms like Instagram and TikTok are playing a key role in driving this trend, which should continue to strengthen demand for keto snacks over the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the HW Snacks 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 Snacks 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 Snacks 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 Snacks in Chile?
- What are the key health and wellness concerns driving sales in HW Snacks?
- Is HW Snacks a dynamic niche or mainstream concern in Chile?
- Which are the leading brands in HW Snacks in Chile?
- How are products distributed in HW Snacks 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 Snacks in Chile - Category analysis
KEY DATA FINDINGS
High inflation continues to pose challenges but demand remains resilient overall
Lactose free still the leading health and wellness claim in snacks
Chileans continue to show strong interest in gluten free snacks
Demand for snacks with sugar- and fat-related claims set to remain robust
Health and ethical concerns will broaden appeal of vegan and plant-based snacks
Interest in keto snacks expected to rise steadily
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
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 HW Snacks research and analysis database.
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