Inflationary pressures are reported to be easing somewhat in meals and soups in Colombia in 2024, and looking ahead, these could be perceived as more affordable. Due to the strong presence of private labels in the category, price is expected to remain an important factor in supporting volume sales.
Cross-category trends also offer opportunities to develop meals and soups in line with the rise of veganism and flexitarian diets. So far, innovation has been focused on staples, snacks, and dairy; however, a range of premium plant-based ready meals with protein is possible.
Demand for quick recipe kits in Colombia is expected to grow over the forecast period, with the current trends shaping the evolution of the category and redefining the way local consumers plan, prepare and consume their meals at home. This will support, for instance, the consumption of instant noodles.
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Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Colombia 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 Colombia, 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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