Opportunities in the Latin American Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies

  • ID: 4296588
  • Report
  • Region: Latin America
  • 93 pages
  • GlobalData
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FEATURED COMPANIES

  • BRF
  • Cozinha
  • Dr. August Oetkar
  • Jbs
  • Redondos
  • Sabormex
  • MORE
Opportunities in the Latin American Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Prepared Meals sector was valued at US$83.4 Billion in 2016 and is forecasted to record a CAGR of 3.5% during 2016-2021 to reach US$99.1 Billion by 2021. Western Europe, with a value share of 39.5% in the global Prepared Meals sector in 2016, represents the largest regional market, while Latin America accounted for just 1.5% share in 2016 and is forecasted to grow at a CAGR of 4.9% during 2016-2021. The growth can be attributed to socio economic factors such as a growing middle class population with rising disposable incomes, longer working hours, an expanding working women population, and a rise in the number of single-person households.

Ready Meals is the largest market in the Latin American Prepared Meals sector valued at US$752 Million (73.5% of the overall Prepared Meals sector) in 2016 and is expected to reach US$973.5 Million in 2021 growing at a CAGR 6.9%. This high demand for Ready Meals can be attributed to the fact that they are more convenient, especially Dried and Ambient varieties, which require less or at times no cooking at all. Furthermore, these products are ideal for out-of-home consumption and do not require any refrigeration. Pizza is expected to grow at a CAGR of 4.4% during 2016-2021, followed by Meal Kits, which is expected to grow at a CAGR of 3.7% during the same period.

The overall Prepared Meals sector in the Latin American region is consolidated with the top five brands - Sadia, Perdigao, Seara, Pizza Kid, and Rezende - accounting for 48.2% of the market value in 2016. Private Labels hold a 4.1% share in the overall Latin American Prepared Meals sector.

The value of Prepared Meals with Health & Wellness attributes stood at US$42.3 Million (3.3% of the overall Prepared Meals market) in 2016. Rising awareness surrounding diet related health issues, such as diabetes and cholesterol, is driving the growth of Health & Wellness products in Latin America. Rising economic standards are also driving consumers to choose better-for-health variants over regular/standard varieties.

Hypermarkets & Supermarkets is the most popular channel for Prepared Meals in Latin America, accounting for 64.2% of the overall sales, followed by Convenience stores with a 20.3% share. This is due to the fact that Hypermarkets & Supermarkets have the necessary logistics to store large quantities of frozen and chilled Prepared Meals. Moreover, Hypermarkets & Supermarkets offer a wider variety of products as compared to other outlets. In Colombia and Chile, convenience stores have a higher value share as compared to Hypermarkets & Supermarkets.

The report "Opportunities in the Latin American Prepared Meals Sector: Analysis of Opportunities Offered by High Growth Economies", provide a comprehensive overview of the Latin American Prepared Meals sector.

Specifically, this report includes:
- Market overview: Includes sector size, market size and growth analysis by markets
- Change in consumption: Provides a shift in the consumption of Prepared Meals by markets across different countries in the Latin American region.
- High potential countries: Provides Risk-Reward analysis of 6 countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of six, a total of four high potential countries are shortlisted.
- Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Prepared Meals sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Prepared Meals in 2016. It also covers the market share of leading companies offering Prepared Meals with health and wellness attributes in the same year.
- Brand Analysis: Provides an overview of leading brands in the Latin American region, besides analyzing the growth of private labels in the region.
- Key distribution channels: Provides analysis on the leading distribution channels in the Latin American Prepared Meals sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores and Others that include - Cash & Carries and Warehouse Clubs, ‘Dollar Stores’, e-Retailers, and General retailers.
- Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Prepared Meals.

Companies mentioned in this report: Unilever, Tuna Van Camps, Sargento Foods, Sabormex, Jbs, Industria De Alimentos Zenu, Redondos, Dr. August Oetkar, Cozinha, BRF

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Latin America Prepared Meals sector.

It includes analysis on the following:
- Market overview: Includes sector size, market size and growth analysis by markets
- Change in consumption: Provides a shift in the consumption of Prepared Meals by markets across different countries in the Latin American region.
- High potential countries: Provides Risk-Reward analysis of 6 countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of six, a total of four high potential countries are shortlisted.
- Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Prepared Meals sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Prepared Meals in 2016. It also covers the market share of leading companies offering Prepared Meals with health and wellness attributes in the same year.
- Brand Analysis: Provides an overview of leading brands in the Latin American region, besides analyzing the growth of private labels in the region.
- Key distribution channels: Provides analysis on the leading distribution channels in the Latin American Prepared Meals sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores and Others that include - Cash & Carries and Warehouse Clubs, ‘Dollar Stores’, e-Retailers, and General retailers.
- Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, container, closure, and outer types based on the volume sales (by pack units) of Prepared Meals.

Reasons to buy

- Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the APAC region.
- The report provides a detailed analysis of the high potential countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BRF
  • Cozinha
  • Dr. August Oetkar
  • Jbs
  • Redondos
  • Sabormex
  • MORE
1. Executive summary

2. Market size and growth analysis (Region analysis)
Market Size in Context - Latin America compared to other regions
Growth analysis by region
Growth Analysis by country

3. Identifying high potential countries in Latin America
High potential countries in Latin America
Identifying high potential countries - Methodology
Identifying high potential countries - Risk, reward and opportunity analysis

4. Market size and growth analysis (High potential countries in Latin America)
High potential countries in Latin America - Overview
Growth Contribution Analysis by Country
Share of Prepared Meals compared to other Food sectors
Change in consumption levels by country and markets
Per Capita Consumption and Expenditure analysis

5. Country Profiles (High potential countries in Latin America)
Brazil
Colombia
Peru
Chile

6. Success Stories

7. Company and Brand Analysis
Brand Share analysis in the Prepared Meals sector
Top companies in Latin American Prepared Meals Sector
Top brands in the Latin American Prepared Meals Sector
Private Label penetration in the Prepared Meals sector

8. Health & Wellness Analysis
Health & Wellness Analysis - Overview
Health & Wellness Analysis - Growth contribution by country
Health & Wellness Analysis - Key product attributes and consumer benefits
Leading Health & Wellness brands by market share

9. Key Distribution Channels
Leading Distribution Channels by countries
Leading Distribution Channels by categories

10. Key Packaging Formats
Growth analysis by key packaging material and container type
Growth analysis by closure type and outer type

11. Challenges and Future Outlook
Key Challenges
Future Outlook

12. Appendix

List of Tables
Regional comparison: Market size, growth, and per capita analysis, 2016-2021
Identifying high potential countries - Risk, reward and opportunity analysis
High potential countries in Latin America - Overview
Value share of Prepared Meals sector as a proportion of overall food by country
Change in consumption by market within Prepared Meals (value terms), 2016-2021
Per Capita Consumption in Latin America and high potential countries, 2016
Per Capita Expenditure in Latin America and high potential countries, 2016
Brazil Prepared Meals - Overview, % value share by market, 2016
Colombia Prepared Meals - Overview % value share by market, 2016
Peru Prepared Meals - Overview % value share by market, 2016
Chile Prepared Meals - Overview % value share by market, 2016
Leading brands in the Latin American Prepared Meals Sector and Markets by value, 2016
Leading companies in the Latin American Prepared Meals Sector by value sales (US$ million), 2016
Leading Brands (including Private label) in the Latin American Prepared Meals Sector by value sales (US$ million), 2016
Private Label penetration in the Prepared Meals sector
Health & Wellness value and its share in overall sales, 2011-2021
Share of product attributes and consumer benefits in high potential countries Latin America, 2016
Leading Health & Wellness companies* with market share by Prepared Meals markets (2016)
Leading Distribution Channels in the Latin American region by countries, 2016
Leading Distribution Channels in the Latin American region by categories, 2016

List of Figures
Year-on-year value growth analysis by region (2016-2021)
Year-on-year volume growth analysis by region (2016-2021)
Value and volume growth analysis by country (2016-2021)
Country level contribution to the growth of Meal Kits Market in the Latin American region, 2016-2021
Country level contribution to the growth of Ready Meals Market in the Latin American region, 2016-2021
Country level contribution to the growth of Pizza Market in the Latin American region, 2016-2021
Brazil Prepared Meals - Demographic Analysis
Colombia Prepared Meals - Demographic Analysis
Peru Prepared Meals - Demographic Analysis
Chile Prepared Meals - Demographic Analysis
Country level contribution to the growth of H&W Market in the Latin American region, 2016-2021
Key packaging material volume (units) share, 2016
Unit volume growth by packaging material (2011-2021)
Key container type volume (units) share, 2016
Unit volume growth by container type (2011-2021)
Key closure type volume (units) share, 2016
Unit volume growth by closure type(2011-2021)
Key outers volume (units) share, 2016
Unit volume growth by outers (2011-2021)
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  • Unilever
  • Tuna Van Camps
  • Sargento Foods
  • Sabormex
  • Jbs
  • Industria De Alimentos Zenu
  • Redondos
  • Dr. August Oetkar
  • Cozinha
  • BRF
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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