Staple Foods

The staple foods market was characterised by strong price rises in 2023. Following increases in the prices of dairy, all major players announced price increases in the packaged food market. The price of supervised breads increased for the second time…

In 2023, packaged staple foods in Ireland saw a significant shift in consumer behaviour and industry dynamics. Traditional favourites such as potatoes, bread, meat, eggs and fish remain the most commonly consumed staple foods. However, increased…

Instability in Iraq’s financial sector and has led to instability in supply chains and this combined with the efforts of the Iraqi government to control the distribution of staple foods. Since early 2022, the public distribution system (PDS) has been…

Staple foods overall benefited from consumer purchasing power beginning to rise in 2023 as Indonesia’s economy started to rebound following difficult years during and immediately after the pandemic. Sales volumes were boosted by broadening consumer…

Staple foods saw high retail current value growth in India in 2023, on the back of favourable macroeconomic factors and changing consumer preferences regarding food choices. Favourable macroeconomic factors such as high GDP growth and rising median…

Overall retail volume sales of staple foods in Hungary are set to decline for a third consecutive year in 2023, with the contraction projected to be slightly deeper than that recorded in 2022. Demand continues to be depressed by rapidly rising prices…

Staple foods has faced a challenging year in 2023, as many consumers in Hong Kong have shifted their spending from retail to foodservice. After three years impacted by the pandemic, consumers have been eager to dine out and experience travel, which…

Volume sales of staple foods saw slow growth in 2023 while values rose due to inflationary pressures. The normalisation of lifestyles in the wake of the pandemic reduced the home cooking trend and lowered demand for products such as shelf stable…

Staples foods is expected to expected to register current value and volume growth, though inflation continues to hit companies’ profitability, with constant value growth expected to be more muted.

The energy crisis and high inflation continues to impact staple foods in 2023. Consumers are trying to save money either by reducing the amount of products they buy or switching to more affordable options, including private label. Retailers are…

Rice and bread remained the most popular staple foods in 2023. The demand for options like pasta, breakfast cereals and processed meat and seafood remained largely limited to more affluent urban dwellers. Further significant rises in unit prices and…

In 2023, staple foods in Germany faced significant challenges marked by high price increases across various product categories. Despite these economic pressures, staple foods like pasta, rice and bread retained their indispensability in the daily…

Staple foods has benefited from the slowdown in retail price inflation in 2023, supporting solid volume growth in 2023. This followed a challenging period in 2022 attributed to geopolitical tensions and macroeconomic challenges, which led to elevated…

Sales of staple foods have been negatively impacted by the elevated inflation that hit France in late 2022 and early 2023. As a result, the vast majority of prices went up across staple foods with volume sales either showing minimal growth or even…

As the threat of and restrictions related to the Coronavirus (COVID-19) crisis eased and lifted towards the end of the review period, Finnish consumers were again able to move freely and resume their pre-pandemic purchasing and consumption habits. As…

The worst drought in 40 years pushed local food prices up while Russia’s war in Ukraine has led to further price pressures. To curb inflation, interest rates were raised and the currency depreciated making imports more expensive. Despite this, demand…

In 2023, demand for staple foods has recovered slightly after several years of decline. Retail volume sales was under pressure for much of the review period, due to surging production costs and rising inflation, which forced prices up. Although…

Volume sales of staple foods saw slow growth in 2023 while values rose due to inflationary pressures. The normalisation of lifestyles in the wake of the pandemic reduced the home cooking trend and lowered demand for products such as shelf stable…

Staple foods in Egypt is projected to see good growth in retail and foodservice volume sales and dynamic growth in retail current value sales over 2023. The steep rise in retail current value sales during 2023 owed much to the increase in prices. The…

While Ecuador has maintained one of the lowest inflation rates in the region, a combination of factors has led to upward price pressures in Staple Foods. The rising costs of key ingredients like wheat, oil or butter have continued in 2023, with…

The overall inflation rate in the Dominican Republic has decreased in 2023 and is projected to close at 4.9%, compared to 9.5% in 2022, marking a significant decline in price increases. However, inflation continues to impact various staple foods…

In 2023, the foodservice industry has shown further signs of recovery, leading to stabilised sales of staple foods, while retail sales have reverted to pre-pandemic patterns. However, due to global political and economic instability, Denmark has…

The sharp price growth in staple foods seen in 2022 has moderated in 2023. Retailers are trying to reduce further oscillations by introducing heavy discounts and gradual price changes. Whilst Croatian consumers remain extremely price sensitive due to…

As the staple foods market in Côte d’Ivoire was recovering from the impact of the COVID-19 pandemic, it was hit by high rates of global inflation. This had a marked impact on prices in certain product categories. In this context, consumers switched…

Inflation continues to impact consumer shopping habits in 2023, with consumers seeking out low prices and private label in the staple foods category, as they look to make grocery budgets stretch further. The government has implemented aggressive…

Staple foods in Colombia in 2023 is significantly influenced by food price-related issues, inflation, and the country's GDP evolution. The historically high inflation experienced in 2022 continued to be a major concern for all stakeholders in staple…

Pandemic restrictions were lifted in China at the beginning of 2023; thus, production, logistics, and product availability have gradually resumed in staple foods. However, after a year of exceptional growth in 2022, retail volume sales are set to…

In line with the waning impact of the pandemic in Chile as the country eased its restrictions, consumers were optimistic that the economic situation would improve significantly. However, this was quickly followed by Russia’s invasion of Ukraine,…

In 2023, Canada faces the challenge of record-high food inflation, with the nation experiencing the highest food inflation rates in years, as evidenced by soaring food prices despite a general decline in overall inflation. This price surge…

Cameroon was not as affected by the energy crisis stemming from the war in Ukraine as many other countries. Rising global energy prices in 2022 gave a boost to government coffers and helped stabilise the economy. However, ongoing civil conflict, as…

In 2023, staple foods will see an improved performance in comparison with the previous year. In line with the full reopening of the economy and the resumption in tourism, demand has improved. Likewise, packaged food is becoming more popular in…

Staple foods continues to witness positive growth in 2023, in current value terms, due to high inflation and elevated retail prices. The consumption of staple foods has slowed, resulting in a slight decrease in retail volume sales for the full year.…

The ongoing inflationary process that has hit the Brazilian economy in the past few years started to cool in 2023, as various food categories experienced a deflationary process for many items throughout the year. The Brazilian market context can been…

In 2023, staple foods witnessed a slightly better performance in volume terms, even though consumer demand is beginning to stagnate in response to the country’s population decline, which is reducing the potential consumer base. Most staple food…

Bolivia has managed to protect itself to a large extent from inflation by continuing to have a fixed exchange rate against the dollar. However, there has been challenges for the economy in 2023, with sharp falls in foreign currency reserves and this…

In the wake of a tumultuous 2022, beleaguered by soaring inflation and a difficult agricultural season, staple foods in Belgium is enjoying a period of relief in 2023. The previous year's rampant unit price increases cast long shadows, precipitating…

Consumer purchasing power fell in 2023 due to devaluation of the local currency against the dollar. This has made many staples unaffordable to a large swathe of the population. Most middle income demographics tend to do a minimum shop to cover their…

Staple foods is expected to register healthy current value in 2023, despite continuing economic uncertainty because of Russia’s invasion of Ukraine, supply chain disruptions, the rise in inflation and tightening monetary policy. While inflation is…

The challenging economic conditions in Austria, including inflationary pressures and fluctuating consumer purchasing power, influenced consumer spending habits and preferences in 2023. As prices rose across various categories, consumers sought more…

In staple foods, noteworthy retail volume and current value growth are expected in 2023, which can be attributed to an increase in the number of people cooking at home due to the rising cost of living. Growth in volume consumption has been coupled…

Retail sales of staple foods continued to see healthy growth in both volume and real value terms in Asia Pacific in 2023. This was despite foodservice sales seeing a spike in demand in 2023 after 2022 had seen the return of lockdowns in China. Asia…

Within staple foods in Argentina, retail volume sales overall are seeing only marginal growth. While the prevailing economic turmoil is partially responsible for this, an array of additional factors is contributing to adverse effects on both supply…

In 2023, the COVID-19 pandemic is no longer a strong factor in the performance of staples foods, with the category now being impacted by global inflation. However, as Angola is a country that benefits from exports, the country is benefiting from…

Retail volume sales growth for staple foods in Algeria in 2023 is set to be weaker than 2022. These results have been impacted by ongoing economic hardship, impacting household incomes in Algeria, as well as the rising cost of imported materials in…

Special diets remain an important tool for weight management. The majority of followers of keto, low-carb and paleo diets are young, educated consumers without major health issues, which makes special diets a preventative measure and a part of a…

Urbanisation has historically driven snackification, with snacks typically characterised by convenience and portability traits that enable on-the-go and impulse snacking moments. With “anytime, anywhere” now less dependent on storefronts and physical…

After seeing dynamic pandemic-related growth in 2020 due to home seclusion and foodservice closures, rice, pasta and noodles slipped into decline a year later as consumers used up stockpiled goods and were eating out more. However, 2022 saw a return…

Retail prices of rice, pasta and noodles in the Vietnam continued to rise in 2023. While inflationary pressures began to ease, the ongoing war in Ukraine had a major impact on the prices of key raw materials, due to the disruption of the global…

Dried pasta and rice remain two of the most important staple sources of starchy carbohydrates for much of the population of Uzbekistan. Rice in particular is a key category of staple foods and it is the key component of the country’s most famous and…

In 2023, rice and pasta registered a decline in retail volume sales, as consumers were deterred by higher retail prices. Rising international cost have plagued dried and fresh pasta in particular, forcing manufacturers to raise prices. Another…