Cooking ingredients and meals is set to see growth in retail sales in both volume and value terms in Georgia in 2024. In general, all categories have seen positive developments in 2024 due to a slowdown in price increases both in 2023 and in 2024.
A noticeable surge in promotional activities has been observed across all cooking ingredients and meals categories in the last two years of the review period. In recent years, notably from 2022, prices of everyday consumer goods have seen notable growth, significantly dampening purchasing power.
In 2024, the Georgian cooking ingredients and meals market has not seen any significant changes in the competitive landscape, which is comprised of both local and international companies. Companies such as Geostar Ltd, Efko Feinsaure Konserven GmbH & Co KG, Marneuli Food Factory Ltd, Nikora JSC, and Ferrero SpA have maintained their leadership positions, with their continued success being due to their strong performances in both traditional and modern retail channels, their discounting policies, and their wide range of products.
Convenience stores and supermarkets dominate modern retailing in the Georgian cooking ingredients and meals market, with these channels experiencing rapid development due to their convenience and expansion into the rural areas of the country. Traditional trade channels also remain robust, with small local grocers remaining the largest distribution channel in cooking ingredients and meals in 2024.
Cooking ingredients and meals is forecast to register a positive performance in Georgia in both volume and value terms over 2024-2029. Growth is set to be driven by promotional activities, the ongoing snacking trend and demand for convenience in the midst of hectic consumer lifestyles, and a growing variety of tastes and flavours.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Georgia 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 Georgia, 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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!