Report Highlights: Chile’s level of economic growth and openness to the world has created a dynamic retail industry. Retailers are eager to introduce new products to meet the growing consumer demands of middle to upper income consumers in particular. Supermarkets and hypermarkets have the largest market share for Chile’s food sales, accounting for 48.2% of total sales in 2014. Mid-sized supermarkets almost doubled their market share from 5.6% in 2006 to 12.1% in 2014.
The top suppliers of consumer oriented products or high value food and beverage products (HVFBP) to Chile are Brazil, the United States, Argentina and Paraguay. The United States is the second largest exporter of HVFBP to Chile holding a 16.4% market share and exports have been growing at an annual rate of 20.4% over the last six years. The top ten U.S. HVFBP exported to Chile in 2016 were: dairy products, prepared foods, beer, beef, poultry, pork, condiments and sauces, almonds, processed vegetables and pet foods.
FAS Santiago projects that the best prospects for U.S. HVFBP to Chile are: beef (meat), dairy products, poultry, pork (chilled/fresh), pork as ingredient, food ingredients, frozen meals, beer/craft beer and spirits, snack foods, cereals, fruits juices (orange, grapefruit, grape), pet foods and natural/organic foods.
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