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Hot new food trends in Latin America

  • November 2015
  • -
  • GlobalData
  • -
  • 41 pages

Summary
The Latin American food market is constantly evolving with new trends influencing consumer eating habits creating many different issues for manufacturers aiming to capitalize on the food market. Some of the most important trends in the region include food, ethical consumerism, convenience and trust.

Key Findings
- Brazil is the one of fastest growing food markets in volume and value terms among the countries analyzed. This can be attributed to its large population size and growing income.

- Increasing demand for healthy, convenient and ethical food that could be trusted by consumers are changing the food landscape in the region.

- The food market in the region is becoming far more diverse and fragmented than in previous years due to globalization, and a demand for convenience to suit ever-busier lifestyles.

Synopsis
Canadean's 'Hot new food trends in Latin America' report identifies the key and upcoming trends driving consumption across Argentina, Brazil, Chile, Colombia, Mexico and Venezuela. The report explores the attitudes and behaviors of modern consumers in order to draw conclusions on what they want now - and over the next 5-10 years. The report details current and future expectations of consumption behaviors and consumer attitudes derived from the survey responses of 6,000 Latin American consumers.

What else does this report offer?

- Being region specific ensures the analysis is relevant

- Highlights sustainable trends that are made apparent in Canadean's unique 2015 consumer attitudes and behaviors survey

- Forward thinking analysis of how consumer needs will evolve in the short-to-medium term and recommended actions on how to adapt to these evolving needs

- Key product examples that show the trends in action

Reasons To Buy
- Find out what types of products consumers are purchasing, why they are consuming them, and what they will be looking for in the next few years to understand and maximize growth opportunities

- Focus on consumer trends identifying what is happening now and forecasting future trends to ensure your brand matches demand

- Product examples and key recommendations help to derive key strategies in areas such as formulation, packaging and key consumer targets

- Unique 2015 survey data from across Latin America granting an exclusive insight into the region's food market to get a firm understanding of the market potential

Table Of Contents

Hot new food trends in Latin America
Table of Contents
Executive Summary
Introduction and Summary Methodology
Overview of new food trends in Latin America
The importance of understanding certain trends impact on the food market
New food trends in Latin America
Consumers expect their food to be healthy
Trust needs to be earned by brands through transparency
Convenience is king as consumers suffer from time-scarcity
Food with an ethical ethos will become even more popular
The next 5-10 years of food trends predictions
Latin America will begin to ‘Grey' and older consumers will demand more healthy and functional products related to their age and well being
A broadening middle class will increase premium grocery products consumption in the region
Time-saving products will become essential as consumers become busier with work and social commitments
Detailed methodology and Appendix
Survey methodology
Consumer data methodology
About Canadean

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ref:plp2015

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