Ready-to-Eat Meals - Chile

Chile

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$1.68bn in 2024. The market is expected to grow annually by 5.06% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$149bn in 2024).
In relation to total population figures, per person revenues of US$85.59 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 272.60m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 2.3% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 12.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals market in Chile is experiencing minimal growth due to various factors, such as changing consumer preferences and a lack of awareness about the convenience of these products. Despite this, the Convenience Food market in Chile continues to grow, driven by increasing demand for quick and easy meal options.

Customer preferences: As the busy lifestyles of Chilean consumers continue to drive the demand for convenience, there has been a notable shift towards healthier and more diverse ready-to-eat meal options. This trend is influenced by a growing awareness of the importance of balanced nutrition, as well as an increase in health-conscious individuals. As a result, there has been a surge in demand for vegetarian, gluten-free, and organic ready-to-eat meals, catering to a wider range of dietary preferences and restrictions. Additionally, there has been a rise in the popularity of meal delivery services, providing consumers with a convenient and time-saving option for healthy and tasty meals.

Trends in the market: In Chile, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing a rise in demand for healthy and convenient options. This trend is driven by busy lifestyles and an increasing awareness of the importance of maintaining a balanced diet. As a result, there has been a surge in the availability of nutritious ready-to-eat meals, including options for dietary restrictions such as gluten-free or vegan. This trajectory is significant for industry stakeholders as it presents opportunities for innovation and growth in the market. However, there may also be implications for traditional food manufacturers and retailers, who may need to adapt and diversify their offerings to meet changing consumer preferences.

Local special circumstances: In Chile, the Ready-to-Eat Meals Market within the Convenience Food Market is heavily influenced by the country's unique geographical and cultural factors. The long coastline and fertile land allow for a wide variety of fresh ingredients, leading to a strong focus on locally sourced and healthy options. Additionally, Chilean cuisine is heavily rooted in the use of traditional ingredients and cooking methods, making it challenging for international brands to enter the market. This, combined with strict food regulations, creates a barrier to entry for new players, resulting in a highly competitive market for ready-to-eat meals.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Chile is significantly impacted by macroeconomic factors such as consumer spending, inflation, and government policies. As the economy grows and consumer spending power increases, there is a higher demand for convenient and affordable food options, driving the growth of the market. However, high inflation rates can lead to higher prices for these products, making them less accessible to lower income consumers. Government policies and regulations also play a crucial role in the market's performance, particularly in terms of food safety and import/export regulations that can affect the availability and cost of ingredients used in ready-to-eat meals. Additionally, economic downturns or political instability can affect consumer confidence and purchasing power, leading to fluctuations in market demand.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.