Grocery market in Panama
Market development
eCommerce revenue development in the Meal Kits market in Panama
The Panamanian Meal Kits eCommerce market is predicted to reach US$2.8 million by 2024 and accounts for 6.5% of the Food eCommerce market in Panama. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 16.4%, resulting in a projected market volume of US$5.1 million by 2028. The Meal Kits eCommerce market is a sub-market of the Food market. Further categories within the Food market are: Baked Goods, Food Cupboard, Fresh Food, and Frozen Food.
eCommerce revenue development in the Meal Kits market in Panama
eCommerce revenue growth in the Meal Kits market in Panama
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 16.4 | 35.9 | 88.9 | 45.1 | 19.0 | 61.1 | 3.2 | 83.4 |
Market definition
Definition of the Meal Kits market within the Grocery market
Market definition: Grocery > Food > Meal Kits Meal Kits provide all the ingredients and recipes needed to prepare a complete meal. This category does not cover recipe books and ready meals. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Meal kits provide all the ingredients and recipes needed to prepare a complete meal
Out-of-scope
- Recipe books
- Ready meals
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