Cooking ingredients and meals in Bolivia is set to register an improved performance in current value growth terms in 2024. However, this is primarily due to price hikes imposed to offset inflationary pressures fuelled by the country’s balance of payments crisis, as retail volume growth is expected to be unchanged on 2023.
Informal sales have continued to subdue retail volume growth potential for cooking ingredients and meals in Bolivia in 2024. With household budgets stretched by cost-of-living increases, many people have become more inclined to visit open markets to buy lower-priced products smuggled in from neighbouring counties.
Industrias de Aceite SA has retained the leading position in cooking ingredients and meals in Bolivia in value terms in 2024 thanks to its dominance in edible oils. Industrias Venado SA – the top producer in sauces, dips and condiments and meals and soups – has remained the second leading player overall, followed by Ajinomoto del Perú SA, Industrias Oleaginosas IOL SA and Industrias Kral Srl.
Retail distribution of cooking ingredients and meals in Bolivia has remained heavily concentrated in small local grocers in 2024, with supermarkets and hypermarkets finishing a distant second and third, respectively. The country’s retail market is underdeveloped, as it struggles to attract investment from larger regional and international players due to high levels of informal trade, structural economic problems and a long history of political instability.
Cooking ingredients and meals in Bolivia looks set to perform reasonably well over the forecast period, with steady growth in retail volume and current value sales projected. Favourable demographic trends and the strength of traditional consumption habits should help to ensure overall demand remains buoyant.
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Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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