Market Focus: Trends & Developments in the Savory Snacks sector in Chile

Synopsis
This report brings together consumer insight and market data to provide a comprehensive brief of the Chilean Savory Snacks market. This allows for the rapid identification of key growth opportunities across major Savory Snacks categories and their packaging.
Scope
Chilean economy is growing with lower unemployment rates and ascending investments from international companies. Further, young population with rising disposable income is driving growth in the Savory Snacks market in the country. Due to rising obesity concerns, products that help maintain health and cater to age-specific needs are very popular in the country.
Summary
• The food Retail market in Chile is dominated by the large presence of international players such as Cencosud and Walmart. Convenience Stores account for the largest share of Chile Savory Snacks sales.
• Private label sales in Chile are expected to grow further with Chilean consumers being price sensitive However, they face stiff competition from international brands, who have invested in Chile – thereby reducing procurement and raw material cost.
• Chilean children and adults face obesity issues and efforts are being taken by the Chilean authorities to govern policies regarding food ingredients. Chileans increasingly prefer healthier alternatives and innovative products due to increasing health concerns.
• Health, Busy Lives, Connection, and Fun & Enjoyment are the major motivators in the Chilean Savory snacks market.
• Potato Chips is the leading category by value, experiencing a modest growth rate during the period 2008-2018.
Reasons To Buy
This overview of the consumer and market dynamics of the Chilean Savory Snacks sector allows new entrants and established companies to gain rapid and comprehensive insight into the current state of the market and identify the key trends that will drive growth in the coming years.