PROSPECTS AND OPPORTUNITIES
Traditional consumption habits will support stable demand for sweet spreads
Sweet spreads looks set to post steady growth in retail volume terms throughout the forecast period, with all categories anticipated to expand consistently in this regard. Traditional consumption habits should ensure overall demand remains robust, as most Bolivians regularly combine these products with bread for a convenient breakfast, lunch or snack option.
Bolivians expected to show growing interest in nut and seed based spreads
Nut and seed based spreads will remain something of a niche area in Bolivia over the forecast period, and is also projected to be the weakest performer within sweet spreads in retail volume growth terms. Nonetheless, the increasing perception of such products as a healthier alternative to jams and preserves or chocolate spreads should continue to broaden their appeal, particularly among mid-to-high-income urban consumers.
Health-oriented products set to gain popularity
While indulgence is the primary attraction of sweet spreads for most Bolivians, health concerns will continue to shape purchasing decisions in the category over the forecast period. In particular, more consumers are expected to gravitate towards products that have reduced levels of sugar or fat and are low in or free from artificial additives and preservatives.
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Overview:
Understand the latest market trends and future growth opportunities for the Sweet Spreads industry in Bolivia 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 Sweet Spreads industry in Bolivia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sweet Spreads in Bolivia 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 Sweet Spreads in Bolivia?
- Which are the leading brands in Sweet Spreads in Bolivia?
- How are products distributed in Sweet Spreads in Bolivia?
- 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 Sweet Spreads?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Bolivia?
- 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?
Sweet Spreads in Bolivia - Category analysis
KEY DATA FINDINGS
Growth in domestic production helps to shield honey from inflationary pressures
Retail volume sales of jams and preserves decline as informal trade increases
Arcor continues to lead but faces growing cost and supply chain challenges
Traditional consumption habits will support stable demand for sweet spreads
Bolivians expected to show growing interest in nut and seed based spreads
Health-oriented products set to gain popularity
Cooking Ingredients and Meals in Bolivia - Industry Overview
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Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Sweet Spreads
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.
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This report originates from Passport, our Sweet Spreads research and analysis database.
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