Staple foods in 2024: The big picture
Ecuador has faced significant social and economic challenges, significantly impacting consumer behaviour in 2024. The country experienced heightened insecurity, leading newly-elected President Daniel Noboa to declare a state of armed conflict in early 2024, which included the implementation of a nighttime curfew.
Key trends in 2024
Ecuador’s unemployment rate stands at 5.2%.
Competitive Landscape
Staple foods is a highly competitive market with a strong presence of local players. Procesadora Nacional de Alimentos CA maintains its leading position in 2024, offering well-known brands in processed meat and seafood, including Mr Chancho, Mr Pavo, Mr Cook, Mr Res, Mr Fish, Mr Pollo, Fritz, and Plumrose.
Channel developments
Hard discounters has increased its presence on the landscape, boosted by retailer Tiendas Tuti; an innovative brand that has played a pioneering role in reshaping the market. Its impact has been particularly pronounced in urban centres, where its presence has grown substantially.
What next for staple foods?
The reduction of the average household size in Ecuador will increasingly factor into companies’ considerations over the forecast period. As household sizes shrink, players will need to develop value propositions and packaging that cater to consumers increasingly demanding convenience, smaller portions, lower prices and less waste.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in Ecuador 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 Ecuador, 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 Ecuador 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 Ecuador?
- Which are the leading brands in Staple Foods in Ecuador?
- How are products distributed in Staple Foods in Ecuador?
- 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 Ecuador?
- 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 Ecuador
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Ecuador
KEY DATA FINDINGS
Bread is the most widely consumed product in Ecuador
Price hikes impact consumption in 2024
Indulgence, the key growth driver in a time of crisis
Modern grocery retailers to gain further ground
Consumers increasingly worried about their carbohydrate and sugar intake
Healthier options and products that cater to specific dietary requirements
Breakfast Cereals in Ecuador
KEY DATA FINDINGS
Private label increasingly challenges leader McDougal
Smaller pack sizes allow for more competitive pricing
Hot cereals dominated by PepsiCo’s Quaker brand
Innovation to engage with consumers and strengthen brand recall
Concerns about sugar consumption present a challenge
Changing consumption patterns to impact hot flakes
Processed Fruit and Vegetables in Ecuador
KEY DATA FINDINGS
Competition pushes prices down, making shelf stable fruit more appealing
Grupo Vilaseca is the clear leader of shelf stable beans
Rising costs affect shelf stable beans
Corporación Favorita goes Tex-Mex with Old El Paso
Affordability and smaller presentations are key to growth
Rising demand for frozen processed frozen products offering convenient and healthy meal options
Processed Meat, Seafood and Alternatives To Meat in Ecuador
KEY DATA FINDINGS
Shelf stable seafood remains highly consolidated in 2024
Wide range of private label in processed meat, appealing to price-sensitive consumers
Wider range of options at more competitive prices due to trade agreement with the EU
Modern grocery retailers are a catalyst for growth
Adapting to changing lifestyles and household demographics
Companies need to address health concerns
Rice, Pasta and Noodles in Ecuador
KEY DATA FINDINGS
Packaged rice struggles to expand due to widespread preference of unpackaged rice
Rising prices continue to impact pasta in 2024
Instant noodles benefits from price stability
Convenience will support further growth of instant noodles
Rice sold by weight will remain a challenge to the growth of packaged rice options
Corporación Favorita strengthens its presence by directly importing brands
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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