Ready-to-Eat Meals - Guatemala

Guatemala

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$1.63bn in 2024. The market is expected to grow annually by 7.23% (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$88.69 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 248.80m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 5.1% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 11.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals market in Guatemala is experiencing minimal growth due to factors such as low consumer awareness, traditional food preferences, and limited access to online convenience food services. Despite this, the Convenience Food market in Guatemala continues to show steady growth.

Customer preferences: The Ready-to-Eat Meals Market within the Convenience Food Market in Guatemala is experiencing a shift towards healthier and more sustainable options. With the rise of health-conscious consumers, there is a growing demand for organic and plant-based ready-to-eat meals. Additionally, there is a growing trend towards grab-and-go meals that cater to busy lifestyles, as well as a preference for locally-sourced ingredients in ready-to-eat meals. These changes reflect a shift towards more mindful and sustainable eating habits among Guatemalan consumers.

Trends in the market: In Guatemala, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing a shift towards healthier options, driven by increasing health-consciousness among consumers. This trend is expected to continue as the demand for convenient and nutritious meals rises. Additionally, there is a growing preference for locally sourced ingredients, as well as a focus on sustainability and ethical sourcing. These trends present opportunities for industry stakeholders to tap into new markets and cater to evolving consumer preferences. However, it also poses challenges in terms of supply chain management and adapting to changing consumer demands.

Local special circumstances: In Guatemala, the Ready-to-Eat Meals market is heavily influenced by the country's geography and cultural preferences. Due to its mountainous terrain, many rural areas have limited access to fresh, perishable food, making ready-to-eat meals a popular and practical option. Additionally, Guatemalan cuisine is known for its diverse flavors and use of fresh, local ingredients, leading to a demand for ready-to-eat meals that align with traditional dishes. The local government has also implemented regulations to ensure food safety and quality in the convenience food market, including ready-to-eat meals.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Guatemala is impacted by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Guatemala has experienced steady economic growth in recent years, with a low unemployment rate and a stable inflation rate. This has resulted in increased consumer spending power, leading to a higher demand for convenient and ready-to-eat meals. Additionally, government initiatives promoting foreign investment and trade agreements have also contributed to the growth of the Ready-to-Eat Meals Market in Guatemala. However, the market is also affected by challenges such as high poverty rates and income inequality, which can limit the purchasing power of certain segments of the population. Overall, the economic landscape of Guatemala plays a significant role in shaping the performance of the Ready-to-Eat Meals Market within the Convenience Food Market.

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.