Inflation rates reached their highest levels in almost 30 years in 2022 at 7.2% and are expected to remain at elevated levels through to 2024.
Vegetarian, vegan and plant-based products are likely to increase in popularity as more consumers are interested in both the environment and animal welfare. Vegetarian, considered a type of dietary and free from claim, is expected to see the largest incremental growth in cooking ingredients and meals over 2022-2027, with retail sales expanding to reach NZD235 million in 2022 constant value terms.
The shift towards more plant-based diets will contribute to the further expansion of the lactose free claim during the forecast period. Lactose free will also benefit from consumers becoming more aware of the issue of lactose intolerance and concerns about the more general influence of lactose on overall health.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
Understand the latest market trends and future growth opportunities for the HW Cooking Ingredients and Meals industry in New Zealand 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.
If you're in the HW Cooking Ingredients and Meals industry in New Zealand, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Health and Wellness encompasses a number of key claims made on a food or drink products that suggest a health and/or wellness positioning. It comprises positionings relating to better for you, dietary and free from, fortified/functional, health benefit, natural and organic. This is the aggregation of edible oils, meals and soups, sauces, dips and condiments and sweet spreads For full product category definitions please refer to the definitions section (can be found under the "Help" section on Passport) for the respective system: Cooking Ingredients and Meals, Dairy Products and Alternatives, Snacks, Staple Foods, Hot Drinks, Soft Drinks. Please note that data is not available at this level or other aggregated claim levels.
See All of Our DefinitionsThis report originates from Passport, our HW 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!