Staple foods in 2024: The big picture
Staples in the Dominican Republic is expected to register moderate current value and volume growth in 2024, in what is an improving economic picture. Inflation is easing and interest rates are also lower.
Key trends in 2024
Private label gains value share in 2024 and is emerging as a contender, with several supermarket chains upping their private label offerings in light of the soaring prices of the last few years. In particular, there are significant private label offerings in rice, which account for over a quarter of value sales.
Competitive Landscape
Local players continue to dominate the competitive landscape due to their affordable pricing and widespread distribution across local retailers.
Channel developments
The independent small grocer, known as colmados, remains the leading distribution channel for staple foods in 2024. However, combined, supermarkets and hypermarkets now account for more value sales, with both channels gaining significant value share over the review period, at the expense of colmados.
What next for staple foods?
There will be stable growth over the forecast period, as inflation will be less of an issue. Continuing population growth will also support increasing volume sales.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods 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 Staple Foods 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 Staple Foods 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 Staple Foods in Dominican Republic?
- Which are the leading brands in Staple Foods in Dominican Republic?
- How are products distributed in Staple Foods 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 Staple Foods?
- 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?
Staple Foods in Dominican Republic
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Dominican Republic
KEY DATA FINDINGS
Moderate volume growth in 2024
Unpackaged leavened bread continues to dominate volume sales
Small bakeries continue to account for most value sales
Packaged cakes strong performer over forecast period
Packaged leavened registers higher volume growth than unpackaged
Growing interest in healthier bread products
Breakfast Cereals in Dominican Republic
KEY DATA FINDINGS
Further fall in volume sales in 2024.
Broad portfolio of widely recognised brands helps Mercasid stay on top
Smaller packs mainly sold through colmados
Continuing growth in immature product area
Economy brands continue to use plastic packaging
Continuing focus on health credentials
Processed Fruit and Vegetables in Dominican Republic
KEY DATA FINDINGS
High costs continue to hit profitability
Local brands dominate
Private label emerging as a contender
Stable picture over forecast period
Higher volume growth for frozen offerings
Authorities push increased consumption of fruit and vegetables
Processed Meat, Seafood and Alternatives To Meat in Dominican Republic
KEY DATA FINDINGS
Return to stability in 2024
Seafood star performer in 2024
Induveca holds on to strong lead
Similar dynamics over forecast period
Increasing penetration of Brazilian offerings
Chilled processed poultry star performer over forecast period
Rice, Pasta and Noodles in Dominican Republic
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
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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