South & Central America Ready-to-Eat Food Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Breakfast Cereals, Ready Meals, Instant Soups and Noodles, Snacks, Baked Goods & Confectioneries, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)

BMIRE00025692 | Pages: 132 | Food and Beverages | Aug 2022 | Type: Regional | Status: Published

The ready-to-eat food market in South & Central America is expected to grow from US$ 74.76 billion in 2021 to US$ 102.30 billion by 2028. It is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

 

Over the past few years, awareness regarding health and nutrition has increased significantly. Due to hectic work schedules and extended working hours, people fail to concentrate on their health and fitness, resulting in obesity, diabetes, eye, and skin problems, among other health issues. Therefore, consumers have started looking for RTE products that offer enhanced health benefits. They are changing their dietary habits to include nutrient-rich packaged food in their diets. Also, with the rising prevalence of diabetes, the preference for sugar-free products is increasing continuously.

 

According to the World Health Organization (WHO), in 2019, diabetes ranked ninth among the leading causes of death, with ~1.5 billion deaths directly caused by the disease. Thus, manufacturers are focused on offering sugar-free ready-to-eat food. Obesity is one of the most important public health issues in the region. Obesity and overweight rates in children and adults continue to rise. According to a survey conducted by Ipsos in 2020, 19% of adults identified obesity as the most serious issue they faced. As a result, people's preferences are increasingly shifting toward low-carb, low-fat, and sugar-free diets.

 

In October 2019, PepsiCo launched a ready-to-eat popcorn snack named Smart50 in its Better-for-You Snacks portfolio, which includes RTE food products with the calorie content reduced by 50 calories or less. The Smart50 is whole-grain popcorn that is free from artificial flavors. Health is becoming a top priority for consumers across the region, so they are willing to pay more for products that offer enhanced health benefits. Thus, the increasing focus on health is driving innovation in ready-to-eat food, which is expected to bring new trends to the market during the forecast period.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America ready-to-eat food market at a substantial CAGR during the forecast period.

 

South & Central America Ready-to-Eat Food Market Revenue and Forecast to 2028 (US$ Billion)  

 

South & Central America Ready-to-Eat Food Market Segmentation

 

The South & Central America ready-to-eat food market is segmented on the basis of product type, distribution channel, and country. Based on product type, the market is segmented into breakfast cereals, ready meals, instant soups and noodles, snacks, baked goods & confectioneries, and others. In 2021, the others segment held a larger market share, and the ready meal segment is expected to register a higher CAGR during the forecast period.

 

Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. In 2021, the convenience stores segment held the largest market share; and the online retail segment is expected to register the highest CAGR in the market during the forecast period.

Based on country, the market is segmented into Brazil, Argentina, and the Rest of SAM. In 2021, the Rest of SAM held the largest market share, and Argentina is expected to grow at the fastest CAGR during the forecast period.

 

Nestlé SA; Conagra Brands Inc.; The Kraft Heinz Company; General Mills Inc.; MTR Foods Pvt Ltd.; Hormel Foods Corporation; JBS S.A.; and The Kellogg Company are a few leading companies in the South & Central America ready-to-eat food market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-Economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.           South & Central America Ready-to-Eat Food Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of New Entrants

4.2.4        Competitive Rivalry

4.2.5        Threat of Substitutes

4.3         Expert Opinion

4.4         Ecosystem Analysis

5.           South & Central America Ready-to-Eat Food Market — Market Dynamics

5.1         Market Drivers

5.1.1        Strong Preference for Convenience Food Among Millennials

5.1.2        Elevating Working Women Population

5.2         Market Restraints

5.2.1        Increasing Risk of Microbial Contamination in RTE Products

5.3         Market Opportunities

5.3.1        Strengthening Innovations in RTE Products and Strategic Developments by Manufacturers

5.4         Future Trends

5.4.1        Burgeoning Consumer Inclination Toward Low-Fat, Low-Sugar, and Nutritious RTE Products

5.5         Impact Analysis of Drivers and Restraints

6.           South & Central Ready-to-Eat Food – Market Analysis

6.1         South & Central Ready-to-Eat Food Market Overview

6.2         South & Central Ready-to-Eat Food Market – Revenue and Forecast to 2028

7.           South & Central Ready-to-Eat Food Market Analysis – by Product Type

7.1         Overview

7.2         South & Central Ready-to-Eat Food Market, by Product Type (2021 and 2028)

7.3         Breakfast Cereals

7.3.1        Overview

7.3.2        Breakfast Cereals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

7.4         Ready Meals

7.4.1        Overview

7.4.2        Ready Meals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

7.5         Instant Soups and Noodles:

7.5.1        Overview

7.5.2        Instant Soups and Noodles: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

7.6         Snacks:

7.6.1        Overview

7.6.2        Snacks: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

7.7         Baked Goods and Confectioneries:

7.7.1        Overview

7.7.2        Baked Goods and Confectioneries: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

7.8         Others

7.8.1        Overview

7.8.2        Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

8.           South & Central America Ready-to-Eat Food Market Analysis – by Distribution Channel

8.1         Overview

8.2         South & Central America Ready-to-Eat Food Market, by Distribution Channel (2021 and 2028)

8.3         Supermarkets and Hypermarkets

8.3.1        Overview

8.3.2        Supermarkets and Hypermarkets: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

8.4         Convenience Stores

8.4.1        Overview

8.4.2        Convenience Stores: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

8.5         Online Retail

8.5.1        Overview

8.5.2        Online Retail: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

8.6         Others

8.6.1        Overview

8.6.2        Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

9.           South & Central America Ready-to-Eat Food Market – Country Analysis

9.1         Overview

9.1.1        South & Central America: Ready-to-Eat Food Market, by Key Country

9.1.1.1          Brazil: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

9.1.1.1.1          Brazil: Ready-to-Eat Food Market, by Product Type

9.1.1.1.2          Brazil: Ready-to-Eat Food Market, by Distribution Channel

9.1.1.2          Argentina: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

9.1.1.2.1          Argentina: Ready-to-Eat Food Market, by Product Type

9.1.1.2.2          Argentina: Ready-to-Eat Food Market, by Distribution Channel

9.1.1.3          Rest of South & Central America: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

9.1.1.3.1          Rest of South & Central America: Ready-to-Eat Food Market, by Product Type

9.1.1.3.2          Rest of South & Central America: Ready-to-Eat Food Market, by Distribution Channel

10.        Industry Landscape

10.1      Overview

10.2      Market Initiative

10.3      New Product Development

10.4      Merger and Acquisition

11.        Company Profiles

11.1      Nestlé SA

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Conagra Brands Inc.

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      The Kraft Heinz Company

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      General Mills Inc.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      MTR Foods Pvt Ltd.

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Hormel Foods Corporation

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      JBS S.A.

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      The Kellogg Company

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

 

 

LIST OF TABLES

Table 1.             South & Central Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Table 2.             Brazil Ready-to-Eat Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)

Table 3.             Brazil Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)

Table 4.             Argentina Ready-to-Eat Food Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)

Table 5.             Argentina Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)

Table 6.             Rest of South & Central America Ready-to-Eat Food Market, by Product Type– Revenue and Forecast to 2028 (US$ Billion)

Table 7.             Rest of South & Central America Ready-to-Eat Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Billion)

Table 8.             List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           South & Central America Ready-to-Eat Food Market Segmentation

Figure 2.           South & Central America Ready-to-Eat Food Market Segmentation – by Country

Figure 3.           South & Central America Ready-to-Eat Food Market Overview

Figure 4.           South & Central America Ready-to-Eat Food Market, by Distribution Channel

Figure 5.           South & Central America Ready-to-Eat Food Market, by Country

Figure 6.           South & Central America Ready-to-Eat Food Market, Industry Landscape

Figure 7.           Porter's Five Forces Analysis

Figure 8.           Expert Opinion

Figure 9.           Ecosystem: South & Central America Ready-to-Eat Food Market

Figure 10.        South & Central America Ready-to-Eat Food Market Impact Analysis of Drivers and Restraints

Figure 11.        South & Central Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 12.        South & Central Ready-to-Eat Food Market Revenue Share, by Product Type (2021 and 2028)

Figure 13.        Breakfast Cereals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 14.        Ready Meals: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 15.        Instant Soups And Noodles: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 16.        Snacks: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 17.        Baked Goods and Confectioneries: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 18.        Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 19.        South & Central America Ready-to-Eat Food Market Revenue Share, by Distribution Channel (2021 and 2028)

Figure 20.        Supermarkets and Hypermarkets: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 21.        Convenience Stores: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 22.        Online Retail: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 23.        Others: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 24.        Geographic Overview of South & Central America Ready-to-Eat Food Market

Figure 25.        South & Central America: Ready-to-Eat Food Market Revenue Share, by Key Country (2021 and 2028)

Figure 26.        Brazil: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 27.        Argentina: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 28.        Rest of South & Central America: Ready-to-Eat Food Market – Revenue and Forecast to 2028 (US$ Billion)

  1. Nestlé SA
  2. Conagra Brands Inc.
  3. The Kraft Heinz Company
  4. General Mills Inc.
  5. MTR Foods Pvt Ltd.
  6. Hormel Foods Corporation
  7. JBS S.A.
  8.  The Kellogg Company
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America ready-to-eat food market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South & Central America ready-to-eat food market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the ready-to-eat food market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution 
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