PROSPECTS AND OPPORTUNITIES
Prepared salads expected to see further growth over the forecast period
Prepared salads will keep on growing, driven by a rising trend towards healthy eating and the need for convenient products that fit the fast-paced lifestyles of Peruvians amid the increasing prevalence of smaller households. In this context, prepared salads have become appealing options for those seeking a balanced and nutritious diet but who lack the time or inclination to cook.
Attractive prices and quality flavours will be key for category expansion
Affordable prices and quality flavours will be key to future growth for the meals and soups category. Peru, known for its rich culinary tradition and preference for fresh, flavourful food, is home to local consumers who demand more than just convenience.
Meal kits may rise during forecast period
Meal kits could provide compelling options for Peruvians during the forecast period, as they offer the advantage of fresh, raw ingredients that enable consumers to prepare recipes in a personalised way. This approach not only aligns with the desire for freshness but also provides a customisable cooking experience.
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Overview:
Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Peru 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 Meals and Soups industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Meals and Soups in Peru 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 Meals and Soups in Peru?
- Which are the leading brands in Meals and Soups in Peru?
- How are products distributed in Meals and Soups in Peru?
- 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 Meals and Soups?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Peru?
- 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?
Meals and Soups in Peru - Category analysis
KEY DATA FINDINGS
Practicality drives growth in ready meals
Soup sees recovery in 2024
Meals and soups remains hindered by fragmentation
Prepared salads expected to see further growth over the forecast period
Attractive prices and quality flavours will be key for category expansion
Meal kits may rise during forecast period
Cooking Ingredients and Meals in Peru - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
The following categories and subcategories are included:
Meals and Soups
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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
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.
See all of our definitionsWhy buy this report?
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- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Meals and Soups research and analysis database.
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