Food - El Salvador

El Salvador

Revenue in the Food market amounts to US$11,170.00m in 2024. The market is expected to grow annually by 4.15% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$2,760.00m in 2024.
In global comparison, most revenue is generated in China (US$1,603bn in 2024).
In relation to total population figures, per person revenues of US$1,747.00 are generated in 2024.
In the Food market, 2.7% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 3,300.00m kg by 2029. The Food market is expected to show a volume growth of 2.9% in 2025.
The average volume per person in the Food market is expected to amount to 458.90kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in El Salvador has been experiencing slow growth due to factors such as limited access to digital technologies, low health awareness among consumers, and a preference for traditional food options. However, there is potential for growth in sub-markets such as Dairy Products & Eggs, Meat, Fish & Seafood, and Fruits & Nuts as consumers become more health-conscious and demand for convenience increases. The market's minimal growth rate is impacted by economic factors such as poverty and high food prices, as well as cultural preferences for homemade and locally sourced food.

Customer preferences: As El Salvador's middle class continues to grow, there is a noticeable shift in consumer preferences towards healthier and more sustainable food options. This trend is fueled by a cultural emphasis on fresh and locally sourced ingredients, as well as a growing awareness of the environmental impact of food choices. Additionally, as more women enter the workforce, there is a demand for quick and convenient meal solutions, leading to an increase in ready-to-eat and pre-packaged meal options in The Food market.

Trends in the market: In El Salvador, The Food market is experiencing a surge in demand for locally sourced and organic products, with consumers becoming more health-conscious and environmentally aware. This trend is driven by a growing interest in sustainable and ethical consumption, as well as the need for healthier food options in the face of rising obesity rates. As a result, there has been a rise in small-scale farming and the promotion of traditional crops, creating opportunities for local farmers and producers. It also presents challenges for larger food corporations, who may need to adapt their marketing strategies to appeal to this trend. Additionally, there is potential for the government to implement policies and regulations that support and promote the growth of the local food market.

Local special circumstances: In El Salvador, The Food market is heavily influenced by the country's geographical location as a key agricultural producer and exporter. This has led to a strong reliance on traditional farming methods and a diverse range of locally sourced ingredients. Additionally, cultural traditions surrounding food and eating habits play a significant role in shaping the market, with a strong emphasis on fresh and natural products. Government regulations also play a crucial role, with initiatives such as the "El Salvador Agro-ecological" program promoting sustainable and organic farming practices. This unique combination of factors creates a dynamic and competitive market for food products in El Salvador.

Underlying macroeconomic factors: The Food market in El Salvador is influenced by macroeconomic factors such as economic growth, consumer purchasing power, and government policies. The country's stable economic growth and rising disposable income have led to an increase in demand for food products. The government's efforts to promote agricultural development and reduce import tariffs have also contributed to the growth of The Food market. Furthermore, the rising population and changing dietary habits have resulted in a higher demand for a variety of food products, driving market growth. However, the market is also impacted by global economic trends, currency fluctuations, and trade policies, which can affect the availability and pricing of imported food products.

Methodology

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.