Cooking ingredients and meals in Costa Rica has performed impressively in 2024, with retail volume and current value growth rates set to surpass those recorded in 2023. The upturn has been most pronounced in volume terms, as pricing pressures fuelled by the recent spike in inflation have now largely receded.
Having recently been reinforced by concerns surrounding the pandemic, the well-established tendency towards rising health-consciousness in Costa Rica has continued to gain influence over purchasing decisions across cooking ingredients and meals in 2024. Most notably, with people increasingly aware of the risk factors associated with serious conditions like obesity, heart disease, hypertension and cancer, products that are lower in fat, sugar and salt have performed positively in multiple categories.
Unilever de Centroamérica SA has retained the top position in cooking ingredients and meals in Costa Rica in value terms in 2024, primarily due to its leadership in sauces, dips and condiments. Cía Numar SA, the clear leader in edible oils, is the second-ranked company overall, followed by Nestlé Costa Rica SA, which holds first place in meals and soups.
Supermarkets has remained the most important retail distribution channel for cooking ingredients and meals in Costa Rica in value terms in 2024, followed by small local grocers, discounters, hypermarkets and e-commerce. The value shares claimed by discounters and hypermarkets look set to rise from 2023, partly due to the expansion of leading chains but also because of enduring price-sensitivity among consumers.
Cooking ingredients and meals in Costa Rica looks set to expand at a steady pace in retail volume and current value terms over the forecast period, with the vast majority of categories anticipated to register consistently positive results in both respects. Together with population growth and traditional culinary and dietary preferences, the fact that many product types are considered basic necessities will ensure overall demand remains buoyant.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Costa Rica 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 Cooking Ingredients and Meals industry in Costa Rica, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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