South America RTE Food Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

South America RTE Food Market is segmented by Product Type (Instant Breakfast/Cereals, Instant Soups & Snacks, Ready Meals, Baked Goods, Meat Products, and Others); Distribution Channel (Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, and Others); and Geography

Market Snapshot

South America RTE Food Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.55 %

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Market Overview

South America RTE Food Market is projected to grow at a CAGR 4.55% during the forecast period 2020-2025.

  • Owing to the busier lifestyles, the population is constantly exploring options to dine out of their houses in a restaurant with a soothing ambiance, which is attributed to the rising popularity of meats and seafood amid the consumers.
  • A constantly organizing supply chain in the region has led to an increase and ease of product circulation across the pertaining retail channels, ultimately leading to an increase in the sales of RTE foods across the consumers in the market.

Scope of the Report

South America RTE Food Market is segmented by product type, distribution channel, and geography. On the basis of product type, the market is segmented into Instant Breakfast/Cereals, Instant Soups & Snacks, Ready Meals, Baked Goods, Meat Products, and Others. On the basis of the distribution channels, the market is segmented into Hypermarkets / Supermarkets, Convenience Stores, Food Specialty Stores, Departmental Stores, Online Retailers, and Others. Based on geography, the report provides a detailed analysis, which includes Brazil, Colombia, and Rest of South America.

By Product Type
Instant Breakfast/Cereals
Instant Soups & Snacks
Ready Meals
Baked Goods
Meat Products
Others
By Distribution Channel
Hypermarkets / Supermarkets
Convenience Stores
Food Specialty Stores
Departmental Stores
Online Retailers
Others
By Geography
Brazil
Colombia
Rest of South America

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Key Market Trends

Increasing Penetration of Organized Retail Outlets

With the increase in preference for branded products among consumers, the importance of organized retailers carrying organic RTE food has also increased. The rapid penetration of modern retailing stores in developing countries, like Brazil is also contributing to the rapid growth of the market as they are increasingly stocking on different brands of ready meals, thereby, providing accessibility and availability of the products for consumers under a single roof. For instance, in Brazil, the penetration of supermarket chains, such as Brothers Muffato Cia Ltda, that offer ready meals, including frozen foods, such as Mezzanine Lasagna with Chicken Sauce, have enabled consumers to purchase products with ease, which in turn boosting the market in the region.

south america RTE food market

Brazil holds the Largest Share in the Market Studied

Brazil is one of the major food producers and exporters in the world offers great opportunities for the food producers and food processing industries. These industries produce a wide product range, including ready meals, aiming consumers at all income levels. The consumers of the country are seeking convenient and healthier food products. With the economic recession that hit Brazil in 2014, the country lost its purchasing power and opted for homemade food rather than ready meals consequently hindering the market, which in turn boosting the market studied in the country.

south america rte food market

Competitive Landscape

The frozen food market is gaining momentum in the South American RTE Food market. Minor players are also seeking for their share in the RTE food market, owing to increasing demand. Some of the major players in the market studied are JBS, Norac Food, BRF SA, NISSIN FOODS HOLDINGS CO., LTD, Nestlé Brasil Ltda among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Instant Breakfast/Cereals

      2. 5.1.2 Instant Soups & Snacks

      3. 5.1.3 Ready Meals

      4. 5.1.4 Baked Goods

      5. 5.1.5 Meat Products

      6. 5.1.6 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Hypermarkets / Supermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Food Specialty Stores

      4. 5.2.4 Departmental Stores

      5. 5.2.5 Online Retailers

      6. 5.2.6 Others

    3. 5.3 By Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Colombia

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 JBS

      2. 6.4.2 Norac Food

      3. 6.4.3 McCain Foods (Serya Alimentos)

      4. 6.4.4 Nestle Brasil Ltda

      5. 6.4.5 NISSIN FOODS HOLDINGS CO.,LTD

      6. 6.4.6 Nomad Foods Ltd.

      7. 6.4.7 BRF SA

      8. 6.4.8 Congelados Del Sur

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The South America RTE Food Market market is studied from 2016 - 2026.

The South America RTE Food Market is growing at a CAGR of 4.55% over the next 5 years.

JBS , Norac Food, Nestlé Brasil Ltda, BRF SA, NISSIN FOODS HOLDINGS CO.,LTD are the major companies operating in South America RTE Food Market .

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