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

Date: 2015-09

“• 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.”

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