• The economic crisis will continue to affect the purchasing habits of consumers over the forecast period. Larger pack sizes are therefore likely to outperform individual pack sizes in unit volume growth terms, as their per litre unit prices are more economical. 
  • The economic crisis has led more consumers to purchase unpackaged dry dog and cat food in "forrajearías", which are part of the other grocery retailers channel according to Euromonitor International definitions. These retailers buy in the largest pack sizes available, then repackage product into smaller packs for sale to consumers. According to industry sources, this practice tends to increase during periods when purchasing power decreases sharply and pet owners try to save money by mixing or switching between various brands.
  • The economic crisis boosts the sales of plastic pouches, which are used as a refill pack type, with volume growth of 3% in 2016
  • Economic instability means fewer consumers spending in foodservice premises such as bars, restaurants, and discos, with foodservice unit volume declining by 6% in 2016.
  • The economy is expected to reboot driven by pro-market ideological orientation, therefore inflation is expected to decrease in 2017.

Disclaimer

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