Volume sales of staple foods saw slow growth in 2024 due to ongoing, if lessening, inflationary pressures. Brands continued to make price adjustments and used promotions to increase sales.
Inflation in 2023 reached 5.19% with consumers having become increasingly cautious in their spending, with many looking for promotions and offers in order to make savings.
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.
Honduras’ GDP at the end of 2023 was USD62 billion, while inflation reached 5.19%.
Although there are some rural areas to which access is a little more complex, generally a wide variety of products are available nationwide. However, in some urban areas, there are neighbourhoods that are controlled by maras (gangs) who make the distributors pay a "war tax" in order to distribute their goods to stores.
From 2024, staple foods sales are projected to register sustained, albeit moderate, growth in retail volume terms. There is expected to be an increasing variety of imported products that mostly cater to higher income consumers who continue to look for speciality items.
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Understand the latest market trends and future growth opportunities for the Staple Foods 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 Staple Foods 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.
Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
See all of our definitionsThis report originates from Passport, our Staple Foods research and analysis database.
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