In keeping with its performance since 2021, dry soup is expected to see retail volume sales contract throughout the forecast period. The declining trend is partly the result of rising health-consciousness, in that awareness these products are often high in calories and artificial additives and preservatives is increasingly leading Bolivians to favour freshly-made soup prepared at home or sold by street vendors.
Shelf stable ready meals looks set to be one of the strongest performers within meals and soups in retail volume growth terms over the forecast period. Comparatively low unit prices will help to ensure the category is better insulated than most from ongoing inflationary pressures and economic uncertainty arising from the balance of payments crisis.
The growing adoption of healthier eating habits among Bolivians will continue to shape new product development activity in meals and soups over the forecast period. Players in all categories are expected to introduce varieties that are made with more wholesome natural ingredients and lower in or free from salt, sugar, fat, artificial flavours and preservatives etc.
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Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Bolivia 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 Meals and Soups industry in Bolivia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.
See All of Our DefinitionsThis report originates from Passport, our Meals and Soups research and analysis database.
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