PROSPECTS AND OPPORTUNITIES
Increasing uncertainty for local rice growers
The Free Trade Agreement between the Dominican Republic, Central America and the United States of America is due to be fully implemented by January 1, 2025, by which time tariffs on rice will be removed. With local rice production not able to keep up with local demand and climate change also affecting yields, there will be increasing supplies of tariff-free imported rice from Central America and the US.
Value for money continues to drive sales
In general, there will be little in the way of new product launches and marketing campaigns in rice, pasta and noodles in the Dominican Republic over the forecast period. Most companies, including the leading player Font Gamundi, will avoid investing heavily in product launches or marketing campaigns, as competitive pricing will remain key.
Further increase in private label
Private label accounts for about a quarter of value sales within rice, pasta and noodles, the largest percentage for overall staples and this is likely to increase over the forecast period, as consumers look for value for money. In terms of rice, it is generally a standard product, and there is also significant local supply, and this has bolstered private label offerings.
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Overview:
Understand the latest market trends and future growth opportunities for the Rice, Pasta and Noodles industry in Dominican Republic 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 Rice, Pasta and Noodles industry in Dominican Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Rice, Pasta and Noodles in Dominican Republic 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 Rice, Pasta and Noodles in Dominican Republic?
- Which are the leading brands in Rice, Pasta and Noodles in Dominican Republic?
- How are products distributed in Rice, Pasta and Noodles in Dominican Republic?
- 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 Rice, Pasta and Noodles?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Dominican Republic?
- 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?
Rice, Pasta and Noodles in Dominican Republic - Category analysis
KEY DATA FINDINGS
Subsides keep rice prices under control
Milano looks to gain value share in pasta
Noodles registers highest volume growth
Increasing uncertainty for local rice growers
Value for money continues to drive sales
Further increase in private label
Staple Foods in Dominican Republic - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Rice, Pasta and Noodles
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
Rice, Pasta and Noodles
This is the aggregation of rice, noodles and pasta. Includes: Pre-packaged noodles. Excludes: Any noodles, pasta or rice bought loose, bulk and/or unpackaged. Excludes: Any noodle-based ready meals, which would be tracked under ready meals.
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 Rice, Pasta and Noodles research and analysis database.
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