Ready-to-Eat Meals - Haiti

Haiti

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$207.90m in 2024. The market is expected to grow annually by 9.33% (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$17.52 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 19.42m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 0.9% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 1.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals Market in Haiti is experiencing subdued growth, influenced by factors such as limited access to technology and low health awareness among consumers. Convenience offered by online services is also impacting the market's growth rate.

Customer preferences: As convenience continues to be a key factor in consumer decision-making, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market has seen a rise in demand for healthier, plant-based options. This trend is driven by a growing awareness of environmental and ethical concerns, as well as an increasing number of individuals adopting vegetarian and vegan diets. As a result, companies are now introducing more meat-free alternatives and expanding their range of plant-based offerings to cater to this evolving consumer preference.

Trends in the market: In Haiti, there is a growing demand for ready-to-eat meals as people look for convenient and affordable food options in the aftermath of natural disasters and economic challenges. This trend is also reflected in the global Ready-to-Eat Meals Market of the Convenience Food Market within The Food market, with a projected growth rate of 6.6% between 2020-2025. The increasing popularity of ready-to-eat meals is driven by busy lifestyles, rising urbanization, and a growing preference for convenience. This trend is expected to continue, especially in developing countries where the demand for quick and easy meal solutions is on the rise. Industry stakeholders should focus on developing innovative packaging and flavors to cater to diverse consumer preferences and capitalize on this trend. Additionally, there is a potential for partnerships with humanitarian organizations to provide ready-to-eat meals in disaster-prone regions, further driving the growth of this market segment.

Local special circumstances: In Haiti, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is heavily influenced by the country's lack of infrastructure and resources. Due to frequent natural disasters and political instability, access to fresh food is limited, leading to a high demand for shelf-stable, ready-to-eat meals. Additionally, cultural preferences for spicy and flavorful dishes have shaped the types of ready-to-eat meals available in the market. These factors have created a unique market dynamic, with local and international brands competing to meet the needs of Haitian consumers.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is impacted by macroeconomic factors such as consumer spending patterns, disposable income, and employment rates. In Haiti, the slow economic growth and high poverty rates have limited the purchasing power of consumers, leading to a preference for affordable and convenient food options like ready-to-eat meals. Additionally, fluctuations in global food prices and trade policies can impact the availability and affordability of imported ingredients used in these meals, further influencing market performance. Furthermore, the lack of investment in infrastructure and regulatory challenges in the country can also hinder the growth of 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.