While the convenience factor should help to ensure dry soup expands steadily in retail volume terms throughout the forecast period, growth is likely to be constrained by more intense competition from instant noodles. The latter can be prepared as quickly and easily as dry soup products, but are increasingly perceived as a healthier and more nutritious alternative by Argentinians.
Frozen pizza is projected to be the most dynamic performer within meals and soups in retail volume terms over the forecast period, while frozen ready meals also looks set to record impressive results in this respect. Although growth rates for both will be skewed somewhat by the ongoing emergence of sales from a relatively low base, they will be well placed to profit from rising demand for more convenient solutions as busy lifestyles leave Argentinians with less time for preparing home-made meals from scratch.
Supermarkets, hypermarkets and discounters are expected to gain ground in terms of meals and soups distribution in Argentina over the forecast period. This is partly because the government’s national price control scheme Precios Justos is exclusively implemented via modern grocery retailers chains.
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Understand the latest market trends and future growth opportunities for the Meals and Soups industry in Argentina 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 Argentina, 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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