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Cooking Ingredients and Meals in Chile

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    Report

  • 49 Pages
  • November 2023
  • Region: Chile
  • Euromonitor International
  • ID: 5567399
2022 was an extremely challenging year for cooking ingredients and meals in Chile, and the economic effects experienced in the country during that period are still relevant in 2023. Despite consumers' anticipation of an improved economic landscape after the effects of the country’s vaccination campaign against COVID-19, the war in Ukraine disrupted expectations, and its impact remains present in the economy in the form of strong inflation rates and high production costs.

The Cooking Ingredients and Meals in Chile report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Cooking Ingredients and Meals market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

COOKING INGREDIENTS AND MEALS IN CHILE
EXECUTIVE SUMMARY
  • Cooking ingredients and meals in 2023: The big picture
  • Key trends in 2023
  • Competitive landscape
  • Channel developments
  • What next for cooking ingredients and meals?
MARKET DATA
  • Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2018-2023
  • Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2018-2023
  • Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2019-2023
  • Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2020-2023
  • Table 7 Penetration of Private Label by Category: % Value 2018-2023
  • Table 8 Distribution of Cooking Ingredients and Meals by Format: % Value 2018-2023
  • Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2023-2028
  • Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2023-2028
  • Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2023-2028
  • Table 12 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
EDIBLE OILS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Production of olive oil experiences slowdown in 2023
  • Consumer preferences are shifting towards larger formats due to economic convenience
  • Economic consequences of war in Ukraine begin to ease, favouring vegetable oil
PROSPECTS AND OPPORTUNITIES
  • Private label expected to strengthen position in edible oils over the forecast period
  • Health and wellness trend set to drive future olive oil sales
  • Olive oil is an attractive option for preparing meals at home in Chile
CATEGORY DATA
  • Table 13 Sales of Edible Oils by Category: Volume 2018-2023
  • Table 14 Sales of Edible Oils by Category: Value 2018-2023
  • Table 15 Sales of Edible Oils by Category: % Volume Growth 2018-2023
  • Table 16 Sales of Edible Oils by Category: % Value Growth 2018-2023
  • Table 17 NBO Company Shares of Edible Oils: % Value 2019-2023
  • Table 18 LBN Brand Shares of Edible Oils: % Value 2020-2023
  • Table 19 Distribution of Edible Oils by Format: % Value 2018-2023
  • Table 20 Forecast Sales of Edible Oils by Category: Volume 2023-2028
  • Table 21 Forecast Sales of Edible Oils by Category: Value 2023-2028
  • Table 22 Forecast Sales of Edible Oils by Category: % Volume Growth 2023-2028
  • Table 23 Forecast Sales of Edible Oils by Category: % Value Growth 2023-2028
MEALS AND SOUPS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Inflation in Chile hinders innovation in soup
  • Savings versus convenience: Increasing preference for home cooking over ready meals
  • Demand for meals and soups slows due to challenging economic scenario
PROSPECTS AND OPPORTUNITIES
  • Foodservice set to outperform retail in ready meals over the forecast period
  • Natural ingredients will remain a crucial factor when consumers purchase soup
  • Convenience and healthy habits will continue to drive sales of prepared salads
CATEGORY DATA
  • Table 24 Sales of Meals and Soups by Category: Volume 2018-2023
  • Table 25 Sales of Meals and Soups by Category: Value 2018-2023
  • Table 26 Sales of Meals and Soups by Category: % Volume Growth 2018-2023
  • Table 27 Sales of Meals and Soups by Category: % Value Growth 2018-2023
  • Table 28 Sales of Chilled Ready Meals by Ethnicity: % Value 2018-2023
  • Table 29 Sales of Frozen Ready Meals by Ethnicity: % Value 2018-2023
  • Table 30 Sales of Soup by Leading Flavours: Rankings 2018-2023
  • Table 31 NBO Company Shares of Meals and Soups: % Value 2019-2023
  • Table 32 LBN Brand Shares of Meals and Soups: % Value 2020-2023
  • Table 33 Distribution of Meals and Soups by Format: % Value 2018-2023
  • Table 34 Forecast Sales of Meals and Soups by Category: Volume 2023-2028
  • Table 35 Forecast Sales of Meals and Soups by Category: Value 2023-2028
  • Table 36 Forecast Sales of Meals and Soups by Category: % Volume Growth 2023-2028
  • Table 37 Forecast Sales of Meals and Soups by Category: % Value Growth 2023-2028
SAUCES, DIPS AND CONDIMENTS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Condiments perform strongly as Chileans continue to cook at home
  • Hellmann’s consolidates its leadership of ketchup
  • Hellmann's Vegan Mayo positions strongly in consumers’ minds
PROSPECTS AND OPPORTUNITIES
  • Use of natural ingredients set to boost retail demand for dips
  • Chili sauces set to experience stronger performance over the forecast period
  • Stable demand for dips as social gatherings will remain important to Chileans
CATEGORY DATA
  • Table 38 Sales of Sauces, Dips and Condiments by Category: Volume 2018-2023
  • Table 39 Sales of Sauces, Dips and Condiments by Category: Value 2018-2023
  • Table 40 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2018-2023
  • Table 41 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2018-2023
  • Table 42 Sales of Liquid Recipe Sauces by Type: % Value 2018-2023
  • Table 43 NBO Company Shares of Sauces, Dips and Condiments: % Value 2019-2023
  • Table 44 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2020-2023
  • Table 45 Distribution of Sauces, Dips and Condiments by Format: % Value 2018-2023
  • Table 46 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2023-2028
  • Table 47 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2023-2028
  • Table 48 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2023-2028
  • Table 49 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2023-2028
SWEET SPREADS IN CHILEKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Maria Eliana Jofré - the innovative entrepreneur who produces honey in Northern Chile
  • Watt’s retains dominance of jams and preserves due to wide portfolio and healthier options
  • Private label offers more affordable option during strong inflationary times
PROSPECTS AND OPPORTUNITIES
  • Honey set to continue performing strongly over the forecast period
  • Health and wellness trend will continue to boost consumption of low and no sugar jams and preserves
  • Nutella likely to remain most popular brand of chocolate spreads in Chile
CATEGORY DATA
  • Table 50 Sales of Sweet Spreads by Category: Volume 2018-2023
  • Table 51 Sales of Sweet Spreads by Category: Value 2018-2023
  • Table 52 Sales of Sweet Spreads by Category: % Volume Growth 2018-2023
  • Table 53 Sales of Sweet Spreads by Category: % Value Growth 2018-2023
  • Table 54 Sales of Jams and Preserves by Leading Flavours: Rankings 2018-2023
  • Table 55 NBO Company Shares of Sweet Spreads: % Value 2019-2023
  • Table 56 LBN Brand Shares of Sweet Spreads: % Value 2020-2023
  • Table 57 Distribution of Sweet Spreads by Format: % Value 2018-2023
  • Table 58 Forecast Sales of Sweet Spreads by Category: Volume 2023-2028
  • Table 59 Forecast Sales of Sweet Spreads by Category: Value 2023-2028
  • Table 60 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2023-2028
  • Table 61 Forecast Sales of Sweet Spreads by Category: % Value Growth 2023-2028