Cooking ingredients and meals registered value sales growth across the market in 2024 due to rising prices while volume sales growth was modest. Inflationary pressures encouraged consumers to seek out lower priced options such as private label and stand-up pouches, while industry players engaged in promotions in a bid to attract consumers.
Honduras’ GDP at the end of 2024 is expected to have grown by 3.5% on the previous year, while inflation reached an average of 4.
In Honduras, most people eat three meals a day comprised of breakfast, lunch and dinner, with lunch being the most significant and largest daily meal. In the past, the typical traditional Honduran diet was comprised of starches, fresh fruit, and meat, usually in Caribbean-style dishes.
The basic food basket is comprised of only 20 products, including meat, poultry, eggs, onions, tomatoes, red beans, coffee, rice, corn, corn flour, wheat flour, fresh milk, powder milk, sugar, butter, fruit juice and vegetable juice. Although the majority of the Honduran population consumes at least some of these foods, wealthier demographics opt for higher-end brands and better-quality products.
Since December 2022, the Honduran government adopted the “exception regime”, a policy similar to that implemented in El Salvador in previous years. The purpose of this programme is to combat crime in the country that is generated as a result of the presence of gangs, giving local authorities the power to make arrests without the need for a court order.
Over the forecast period, the Honduran cooking ingredients and meals industry is projected to see sustained, albeit moderate, growth in retail volume sales. This will include an increasing variety of imported products mostly catering to higher income consumers who will continue to look for speciality items.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Honduras 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 Honduras, 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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