PROSPECTS AND OPPORTUNITIES
Smaller domestic players expected to fare well in herbs and spices
Herbs and spices is expected to remain one of the better performing categories within sauces, dips and condiments in retail volume growth terms over the forecast period, as ingredients like oregano, thyme, cumin and chili powder and flakes made from peppers such as ulupica, ají colorado and locoto feature prominently in traditional Bolivian cuisine. Although its potential for further expansion will continue to be limited by the widespread sale of unpackaged varieties by weight at open markets, this threat should be lessened by the growing availability of more affordable packaged options from smaller domestic manufacturers.
Shortages of fresh tomatoes will continue to buoy demand for processed alternatives
Fresh tomatoes are a key component in many traditional Bolivian dishes and sauces. While domestic production has historically been sufficient to meet demand, shortages have become more frequent and widespread in recent years as yields have declined due to prolonged periods of drought and above-average rainfall levels in different regions of the country.
Chili sauces with more exotic international flavours set to gain popularity
The traditional popularity of spicier foods in Bolivia – especially in western regions – should ensure the chili sauces category continues to post solid growth in retail volume sales throughout the forecast period. However, it is also expected to witness strong demand for varieties with more exotic flavours that are not historically associated with the country, such as such as Mexican chipotle and molho pimento from Brazil.
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Overview:
Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments industry in Bolivia 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 Sauces, Dips and Condiments industry in Bolivia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sauces, Dips and Condiments in Bolivia 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 Sauces, Dips and Condiments in Bolivia?
- Which are the leading brands in Sauces, Dips and Condiments in Bolivia?
- How are products distributed in Sauces, Dips and Condiments in Bolivia?
- 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 Sauces, Dips and Condiments?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Bolivia?
- 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?
Sauces, Dips and Condiments in Bolivia - Category analysis
KEY DATA FINDINGS
Retail volume sales constrained by increased demand for unpackaged varieties
Stock cubes and powders is the fastest growing category in volume terms
Industrias Venado remains dominant but faces greater threat from cheaper brands
Smaller domestic players expected to fare well in herbs and spices
Shortages of fresh tomatoes will continue to buoy demand for processed alternatives
Chili sauces with more exotic international flavours set to gain popularity
Cooking Ingredients and Meals in Bolivia - 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:
Sauces, Dips and Condiments
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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
Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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