The convenience food market in Guatemala was valued at 1.09 billion USD in 2016 (calculated in retail selling prices). From 2016 to 2020, it grew at a compound annual growth rate (CAGR) of 6.54% to reach 1.40 billion USD. The market is segmented into ready meals and soups and broths. In 2020, the segments recorded shares of 89% and 11%, respectively.
In 2016, the per capita consumption value of convenience food in Guatemala was 68.74 USD (in retail prices). Until 2020, the consumption increased at a CAGR of 4.88% to reach 83.16 USD. That was higher than the average value for South and Central America, whose per capita consumption of convenience food was equal to 68.33 USD in 2020.
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