Staple foods in 2024: The big picture
In 2024, the staple food market in Chile is set to experience modest growth in retail volume terms across most categories. This is especially significant given the backdrop of continued inflationary pressures, which have influenced pricing strategies and consumer behaviour.
Key trends in 2024
Consumer behaviour in Chile is undergoing a notable transformation as many shoppers shift towards budget-friendly or private label products. The rising cost of living has compelled consumers to seek greater value for their money, prompting a surge in private label popularity.
Competitive landscape
The market for staple foods in Chile is highly fragmented, with local players maintaining a dominant position in terms of retail value share. This fragmentation is primarily driven by the prevalence of artisanal producers, especially in the unpackaged leavened bread segment, which holds significant value and volume in the market.
Channel developments
Despite an anticipated flat performance in volume terms in 2024, the foodservice channel in Chile is being shaped by changing consumer preferences. Chileans are undergoing a lifestyle shift, with an increasing number prioritising convenience, diversity, and experiential dining.
What next for staple foods?
The market for staple foods in Chile is poised for significant transformation, driven by a combination of factors that include the normalisation of inflation, the evolution of meat and seafood substitutes, and the development of private label. Inflation, which has been a persistent concern in Chile, is gradually stabilising, offering a more predictable economic environment.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in Chile 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 Chile, 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 Chile 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 Chile?
- Which are the leading brands in Staple Foods in Chile?
- How are products distributed in Staple Foods in Chile?
- 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 Chile?
- 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 Chile
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Chile
KEY DATA FINDINGS
Local political and economic factors affect bread prices
Shift towards premium products by bakeries and pastry shops
Bimbo expands its production capacity and invests in healthier choices
Chileans will continue to favour artisanal bread due to higher quality and greater affordability
Rising demand for unique baked goods experiences
Baked goods market will undergo further modernisation, with Grupo Bimbo leading the way
Breakfast Cereals in Chile
KEY DATA FINDINGS
Growing awareness of ingredients in children breakfast cereals
Nestlé Chile SA leads in breakfast cereals through combination of innovation and promotion
Continued growth of private label products
Future inflation trends will have impact on market for breakfast cereals
Rising demand for health-oriented products will drive product innovation in breakfast cereals
Growing importance of sustainability in manufacturing process
Processed Fruit and Vegetables in Chile
KEY DATA FINDINGS
Shelf-stable favourites face challenge of rising prices
Two players via for dominance in processed fruit and vegetables
Private labels gain strength by continuously expanding their product portfolios
Evolving eating habits will impact demand for processed fruit and vegetables
Navigating the challenges posed by climate change will be essential for key players
Foodservice will grow, alongside stabilisation of prices
Processed Meat, Seafood and Alternatives To Meat in Chile
KEY DATA FINDINGS
Inflation impacts performance of red meat in Chile
Retail demand for meat and seafood substitutes continues to grow, with greater emphasis on transparency
Emphasis on technological innovation and personalised customer experiences
Health, wellness and sustainability trends will drive dynamic performance of meat and seafood substitutes over the forecast period
Growing focus on sustainable packaging
Further investment for Productos Fernandez SA
Rice, Pasta and Noodles in Chile
KEY DATA FINDINGS
Export restrictions drive rice shortages in Chile
Growing demand for healthier pasta varieties
Carozzi SA promotes healthy lifestyles through community engagement
Innovation and adaptation will be key in expanding rice production
Pasta will continue to be preferred choice, due to its convenience and widespread availability
Empresas Carozzi SA will strengthen its leadership
The following categories and subcategories are included:
Staple Foods
-
-
-
- Packaged Flat Bread
- Unpackaged Flat Bread
-
- Packaged Leavened Bread
- Unpackaged Leavened Bread
-
-
- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
-
- Packaged Pastries
- Unpackaged Pastries
-
- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
-
-
- Hot Cereals
-
- Children's Breakfast Cereals
-
- Flakes
- Muesli and Granola
- Other RTE Cereals
-
-
- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
-
- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
-
-
-
-
- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
-
- Chilled Processed Red Meat
- Chilled Processed Poultry
-
- Frozen Processed Red Meat
- Frozen Processed Poultry
-
-
- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
-
- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
-
-
-
- Chilled Noodles
- Frozen Noodles
-
- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
-
- Chilled Pasta
- Dried Pasta
- Rice
-
Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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 Staple Foods research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!