Staple foods in 2024: The big picture
In 2024, the rising cost of living heavily influenced consumer behaviour in Staple Foods in New Zealand. A technical recession in 2023 and 0.
Key trends in 2024
As disposable incomes shrink, consumers actively seek ways to save money, leading to heightened sensitivity to unit price differences. This has facilitated the rise of private labels, which are often more affordable alternatives.
Competitive Landscape
In 2024, the competitive landscape of Staple Foods was led by Goodman Fielder New Zealand Ltd. The player has over 12 manufacturing sites across New Zealand, offering consumers its brands in baked goods, including Quality Baker's, Nature’s Fresh and Vogel’s.
Channel developments
New Zealand has a robust modern channel landscape, primarily through Foodstuff’s North and South Island operations and Woolworths, which together dominate the supermarket landscape. Consumers have grown accustomed to these store brands, but the country’s relatively small population limits the growth potential of these channels.
What next for staple foods?
The staple foods landscape in New Zealand will continue its growth trajectory throughout the forecast period. While signs of economic recovery are anticipated by the end of 2025, the industry is projected to maintain positive demand in both volume and value.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in New Zealand 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 New Zealand, 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 New Zealand 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 New Zealand?
- Which are the leading brands in Staple Foods in New Zealand?
- How are products distributed in Staple Foods in New Zealand?
- 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 New Zealand?
- 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 New Zealand
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in New Zealand
KEY DATA FINDINGS
The rising cost of living challenges retail volume sales of baked goods
Interest in gut health shapes innovations within flat bread
Traditional meets artisan in unpackaged bread
Health and nutrition become key to innovation in baked goods
Busier lifestyles set to boost snacking occasions over the forecast period
Traditional bakeries face increasing competition from supermarket chains
Breakfast Cereals in New Zealand
KEY DATA FINDINGS
Players launch multiple pack sizes to boost sales among cost-conscious consumers
Convenient on-the-go and snack formats challenge retail volume sales
Granola stands out through innovations and healthy attributes
Retail volume struggles despite players’ focus on added-value
Health claims and convenient packaging continue to maintain consumer interest
Sanitarium consolidates its offerings to align with consumer demands
Processed Fruit and Vegetables in New Zealand
KEY DATA FINDINGS
Private label increases its presence as consumers look for cost-savings
Frozen and shelf-stable formats help consumers minimise food waste
Regulation changes for imports used for frozen berries
Convenience and affordability will remain key for shelf-stable and frozen products
Nutrition and health claims boost sales of processed fruit and vegetables
The presence of private label increases as brand loyalty remains low
Processed Meat, Seafood and Alternatives To Meat in New Zealand
KEY DATA FINDINGS
Local production drives sales of meat products in New Zealand
Welfare and sustainability concerns drive demand for plant-based goods
A rise in seasonal sales aligns with barbecues and social gatherings
Players focus on affordability and added-value to boost sales in the early forecast period
Organic options and sustainable attributes drive growth on the landscape
The increase of flexitarians boosts sales of plant-based alternatives
Rice, Pasta and Noodles in New Zealand
KEY DATA FINDINGS
Cooking at home leads to positive sales for pasta, rice and noodles
Asian demographics create new opportunities for noodle and rice brands
Convenience and bulk product formats drive sales of rice, pasta and noodles
Following inflation, retail value growth will gradually slow over the forecast period
Brands react to the rising competition from private label ranges
Health attributes drive innovations and communication campaigns
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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