Staple foods in 2024: The big picture
In 2024, staple foods in Pakistan continues to navigate the challenges posed by economic instability and political uncertainty. The Consumer Price Index (CPI) averaged around 30% in 2023, but with the IMF agreement and the general elections, the CPI is expected to decrease to approximately 23% in 2024.
Key trends in 2024
In 2024, certain categories in staple foods have been performing better than others. The rice market has experienced a boost, driven by increased production and exports.
Competitive Landscape
The competitive landscape in staple foods has remained relatively stable in 2024. Larger players in the area continue to leverage their economies of scale, government support, and dominant positions.
Channel developments
Supermarkets and hypermarkets continue to gain channel share, although small grocers remain the dominant sales channel. Consumers prefer the shopping experience offered by supermarkets, which provide a wide range of products at competitive prices.
What next for staple foods?
The outlook for staple foods in Pakistan remains positive over the next five years, supported by a recovery in the broader economy. Several factors, including the IMF loan, easing global supply chain bottlenecks, and the hope for greater political stability, will bolster the growth of the industry.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in Pakistan 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 Pakistan, 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 Pakistan 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 Pakistan?
- Which are the leading brands in Staple Foods in Pakistan?
- How are products distributed in Staple Foods in Pakistan?
- 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 Pakistan?
- 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 Pakistan
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Pakistan
KEY DATA FINDINGS
Growing demand for health-conscious baked goods
Regional competition shapes baked goods
Supermarket brands drive affordable options
E-commerce expands access to baked goods
Rising popularity of artisanal and gourmet baking
Inflation drives price sensitivity and brand switching
Breakfast Cereals in Pakistan
KEY DATA FINDINGS
Premium cereal brands resilient amid inflation and boycotts
Fauji cereals retains leadership through affordability and trust
Emergence of new local players in breakfast cereals
Import challenges reshape breakfast cereals
Health and wellness drive product innovation
Appealing through engaging strategies
Processed Fruit and Vegetables in Pakistan
KEY DATA FINDINGS
A niche product area catering to urban affluence
Urbanisation and the rising demand for convenience
Fragmented competitive landscape with limited growth potential
Growing online presence expands accessibility
Limited growth in an insignificant market
Consumer reliance on fresh produce persists
Processed Meat, Seafood and Alternatives To Meat in Pakistan
KEY DATA FINDINGS
Health-conscious consumers drive demand for additive-free products
Innovation and premium products drive growth
K&N’s Foods dominates processed meat with quality and innovation
Cold storage and supply chain challenges persist
Potential for growth in processed seafood
Retail expansion unlocks new consumer groups
Rice, Pasta and Noodles in Pakistan
KEY DATA FINDINGS
The rise in popularity of instant noodles
Engro Corporation leads the rice market
A saturated pasta market
Projected growth in rice consumption
A stable competitive landscape
Enhancing retail presence for growth
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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