In 2024, the easing of inflation levels has significantly influenced Dominican consumers’ spending patterns, allowing for increased expenditure on categories that are considered non-essential. As a result, many consumers have taken advantage of private label brands, which not only offer a cost-effective alternative but also introduce new flavours and varieties, providing a means for consumers to maximise the value of their spending.
The stabilisation of international raw material prices and the more predictable US dollar exchange rate have had a positive impact on the Dominican Republic’s edible oils market, which has seen modest growth in volume terms between 2023 and 2024. This recovery follows a period of significant strain across the region, as shortages in supply, combined with logistical challenges, left producers struggling to meet demand.
The residual effects of high inflation continue to shape consumer behaviour in the Dominican Republic, with many still prioritising brands that offer the best cost-to-benefit ratio. Private label brands, in particular, remain a popular choice as they expand their presence across major retailers in the country.
Colmados, small local grocers that account for more than half of the market in value terms, continue to play a vital role in the Dominican Republic’s traditional retail channel. These stores have proven to be an effective entry point for local brands, which enjoy strong consumer trust and loyalty across various product categories.
Looking ahead, it is anticipated that the moderation of inflation will lead to more stable volume growth in the cooking ingredients and meals market. While value growth is likely to continue, it will increasingly be driven by factors beyond mere price hikes.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Dominican Republic 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 Dominican Republic, 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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