Cooking ingredients and meals experienced strong growth during the COVID-19 pandemic as consumers spent more time cooking meals at home. Since the sharp spike in retail volume sales in 2020, retail consumption has gradually normalized, with consumers resuming their usual activities outside of their homes.
Social media is becoming increasingly influential in cooking ingredients and ready meals, as consumers use these platforms to self-educate and gain ideas about recipes and cooking techniques. Numerous influencers leverage these platforms to demonstrate brands they use while preparing and cooking recipes.
La Fabril SA and Danec SA are the leading companies in Ecuador’s cooking ingredients and meals category, and the largest edible palm oil producers in the country. Edible oil holds significant weight within this category, with sales accounting for more than half of cooking Ingredients and meals sales in 2023, in current value terms.
Retailers such as Corporación Favorita and Corporación El Rosado, continue to play a significant role in the cooking ingredients and meals category, with both offering private label and imported international brands to cater to diverse consumer preferences. Corporación Favorita has multiple private label ranges including Supermaxi, Akí and La Original, as well as a wide range of imported products that can be found at their stores.
Cooking ingredients and meals in Ecuador faces a more stable period of growth in the upcoming years, following the fluctuations caused by the COVID-19 pandemic. Retail volume and constant value growth will return to low single-digits, as seen pre-pandemic.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Ecuador 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 Cooking Ingredients and Meals industry in Ecuador, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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