Staple foods in 2024: The big picture
Following rises across the review period, consumer prices saw another increase in 2024 despite the implementation of 0% VAT on essential items, including pasta, rice, canned fish, and bread. This rise positioned prices higher than at the start of 2023, putting further strain on household budgets.
Key trends in 2024
With price sensitivity rising, consumers became less loyal to manufacturer brands. This was particularly the case in areas such as processed fruit and vegetables, where brand loyalty is low, allowing private label goods to gain ground.
Competitive Landscape
In 2024, Sonae Modelo Continente Hipermercados SA was the leading player in the staple foods landscape, with its private label offerings from Continente. This player has a 12% share of the landscape, as is followed by private label Pingo Doce with 8% and Lidl with 5%.
Channel developments
Mercadona continued its expansion, with a strategy of reaching 60 stores in Portugal by the end of 2024. This growth has notably impacted the retail landscape, placing pressure on players such as Pingo Doce.
What next for staple foods?
Across the forecast period, the demand for convenience will continue to rise. This will drive interest in products that simplify meal preparation, such as fresh, speciality wok pasta that cooks in minutes and frozen vegetable mixes.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in Portugal 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 Portugal, 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 Portugal 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 Portugal?
- Which are the leading brands in Staple Foods in Portugal?
- How are products distributed in Staple Foods in Portugal?
- 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 Portugal?
- 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 Portugal
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Portugal
KEY DATA FINDINGS
Ongoing fall in retail volume as price increases challenge sales
The resurgence of traditional and artisanal bakery products
Health and wellness shapes product innovation on the baked goods landscape
Innovation focuses on taste, health and sustainable attributes
Concerns about food waste set to rise across the forecast period
Traditional bread remains a strong preference over the forecast period
Breakfast Cereals in Portugal
KEY DATA FINDINGS
Private label continues to expand as consumers appreciate affordability
Nestlé introduces children's breakfast cereals under well-established brand names
Granola and hot cereals benefit from the perception of being healthier choices
Healthier attributes drives growth in the breakfast cereal landscape
Brands implement ongoing strategies to compete against private label lines
Innovative promotions and CSR initiatives launch across the forecast period
Processed Fruit and Vegetables in Portugal
KEY DATA FINDINGS
Convenience and affordability drives sales of processed vegetables
Health and convenience leads to rising consumption of vegetables and legumes
Innovation and speciality items are key to McCain's strategy
Flexitarian diets to support processed vegetable consumption
Concerns surrounding food waste have a positive impact on processed fruit and vegetables
Private label continues to rise, offering quality and affordability
Processed Meat, Seafood and Alternatives To Meat in Portugal
KEY DATA FINDINGS
The loss of purchasing power increases sales of private label options
Ready meals challenge sales of processed meat and seafood in 2024
Innovation and convenience drive brand differentiation on the landscape
Innovation will be a key driver for the processed meat and seafood landscape
Alternatives to meat set to showcase a major fall in consumption
Demand for products perceived as healthier and convenient drive growth
Rice, Pasta and Noodles in Portugal
KEY DATA FINDINGS
Solid growth for pasta and noodles as players offer convenience and affordability
Innovations focus on health and wellness to align with rising consumer demands
Rice consumption shifts as both private label and expensive options gain ground
Rising prices will lead consumers to opt for cheaper solutions
The rising need for convenience boosts sales of noodles across the forecast period
Chilled pasta shows a positive trend due to its convenience and popularity
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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