Staple foods in 2024: The big picture
Staple foods in Bolivia in 2024 presented a complex landscape. Importers faced a significant shortage of US dollars in the local financial system, prompting banks to sharply increase their commission rates on foreign payments.
Key trends in 2024
The effects of climate change have emerged as a major factor impacting Bolivia's food security and agricultural productivity. Unpredictable and extreme weather conditions – such as extended droughts followed by heavy rains exceeding historical norms – have increasingly affected Bolivian agriculture.
Competitive Landscape
In a challenging economic environment marked by disruptions in supply chains and stock shortages, consistent product availability at points of sale became a significant competitive advantage, often outweighing the impact of marketing efforts or brand positioning strategies. Many companies took a conservative approach to marketing and advertising, with some opting to reduce profit margins to lessen the impact of price increases on consumers.
Channel developments
The traditional channel remains the most significant distribution outlet for staple foods in Bolivia. This channel typically offers lower prices than supermarkets, as it does not issue purchase invoices and frequently sells contraband products at reduced prices.
What next for staple foods?
Bolivia’s 2025 presidential elections are anticipated to take place amidst significant economic and political uncertainty. With signs of a slowing economy and no immediate solutions for the foreign currency shortage, higher import costs are likely to continue affecting staple food prices.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods 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 Staple Foods 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 Staple Foods 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 Staple Foods in Bolivia?
- Which are the leading brands in Staple Foods in Bolivia?
- How are products distributed in Staple Foods 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 Staple Foods?
- 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?
Staple Foods in Bolivia
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Bolivia
KEY DATA FINDINGS
Government subsidies secure stability in baked goods
The exit of La Francesa SA reshapes the packaged bread competitive landscape
Unpackaged leavened bread gains relevance amidst inflation
Reliance on imported wheat to pose challenges for baked goods
Growing interest in niche baked goods reflects changing consumer preferences
Home baking and dessert mixes sustain their post-pandemic appeal
Breakfast Cereals in Bolivia
KEY DATA FINDINGS
Sharp rise in retail prices for breakfast cereals led consumers to rationalise their purchases
The illegal market tends to lose relevance, favouring leading brands
Children’s cereals show a higher level of resilience in inflationary periods
Most consumers still prioritise indulgence when choosing breakfast cereals
The positioning of savings packaging formats is strengthened
The availability of products designed for health-conscious consumers to expand
Processed Fruit and Vegetables in Bolivia
KEY DATA FINDINGS
Price increases affect demand for processed fruits and vegetables
The Norte brand grows in positioning with a pricing strategy
Peaches are widely the favourite fruit of Bolivians among canned options
Local eating habits and income limitations condition the expansion of the category
Climate change plays a growing role in Bolivia's food supply
Government seeks to strengthen local fruit production
Processed Meat, Seafood and Alternatives To Meat in Bolivia
KEY DATA FINDINGS
Processed seafood highly dependent on imports faces a period of supply chain challenges
The breadth of distribution and affordability consolidate the leadership of Sofía
Certain shelf-stable seafood options become an alternative in an inflationary period
High levels of local chicken meat production favour the development of processed options
Consumption of processed fish still offers ample opportunity for growth
Meat substitutes, while still niche, continue to expand
Rice, Pasta and Noodles in Bolivia
KEY DATA FINDINGS
Rice, a basic product of the local diet, is impacted by illicit trade
Dried pasta becomes more relevant for Bolivians in challenging economic periods
Local brands consolidate their broad leadership
A scenario of uncertainty in local rice production
Demand for instant noodles continues to grow as a low-priced food alternative
The offer of dried pasta with differentiated nutritional attributes continues to expand
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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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
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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