Honduras closed 2024 with annual inflation of 3.88%. This figure is projected to remain stable in 2025 and stabilise at around 4% over the forecast period. In 2025, the industry is facing several price hikes including the global price of chocolate and glucose, which is affecting the unit prices of snacks and manufacturing companies.
Companies that operate locally are moving towards more sustainable practices. For example, iMotors,the company behind the electrification of fleets at Bimbo Honduras, is leading a transformative project in Honduras, electrifying the fleet and opening the way to zero-emission business mobility, through the replacement of combustion vehicles with electric ones. The company has an expansion plan to electrify the entire fleet nationwide.
In Honduras, Boquitas Fiestas SRL (PepsiCo) is set to remain the leading player in snacks. The company sells a variety of snacks products under brands including Lay's, Doritos, Ruffles, Cheetos, and Tostitos, including potato chips, tortilla chips, and cheese-flavoured snacks. PepsiCo is known for its reliable high quality products. It has a wide distribution network, reaching most areas of the country. PepsiCo has strong brand recognition in its savoury snacks, an extensive product portfolio, and uses effective marketing to attract consumers.
Small local grocers continues to lead in snacks sales as these stores are popular among consumers who buy snacks during the day. These stores are abundant in the country, and offer a wide selection of snacks, sold in individual packets. Small local grocers continue to provide an ample variety of products. While product selection varies from one small local grocer to another, this provides consumers with an opportunity to new products or stick to their usual favourites.
Sales of snacks are set to rise at a moderate pace over the forecast period. Honduras is advancing in its negotiation of a Free Trade Agreement with China and it is expected that Honduran processed foods such as snacks, doughnuts, sauces, baked goods and beverages will be included.
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Understand the latest market trends and future growth opportunities for the Snacks industry in Honduras 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 Snacks industry in Honduras, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Snacks
This report originates from Passport, our Snacks research and analysis database.
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