Cider, Perry & Rice Wine - Burundi

The Cider, Perry & Rice Wine market in Burundi has been experiencing steady growth in recent years. Customer preferences in the market are shifting towards healthier and more natural beverage options. Consumers are increasingly seeking out products that are made from natural ingredients and have fewer artificial additives. This trend is driven by a growing awareness of the importance of a healthy lifestyle and a desire to consume products that are better for the environment. In addition to health and sustainability concerns, consumers in Burundi also have a preference for products that are locally produced. There is a strong sense of pride in supporting local businesses and promoting economic growth within the country. This has led to an increased demand for locally produced cider, perry, and rice wine, as consumers seek out products that are made with traditional methods and ingredients sourced from within the country. Trends in the market indicate that there is a growing interest in craft and artisanal products. Consumers are looking for unique and high-quality beverages that offer a different taste experience. This has created opportunities for small-scale producers to enter the market and cater to this niche segment. These producers often focus on using traditional production methods and sourcing ingredients locally, further appealing to the preferences of Burundian consumers. The local special circumstances in Burundi also play a role in the development of the Cider, Perry & Rice Wine market. The country has a rich agricultural heritage and is known for its fertile soil and favorable climate for growing a variety of crops. This provides a strong foundation for the production of cider, perry, and rice wine, as the necessary ingredients can be easily sourced within the country. Furthermore, the government of Burundi has been actively promoting the development of the agricultural sector as a means of boosting the economy and reducing dependence on imports. This has resulted in increased support and incentives for local producers, including those in the Cider, Perry & Rice Wine market. These initiatives have helped to create a favorable business environment and have encouraged the growth of the market in Burundi. Underlying macroeconomic factors, such as population growth and rising disposable incomes, have also contributed to the development of the market. As the population of Burundi continues to grow, there is a larger consumer base for cider, perry, and rice wine. Additionally, as disposable incomes increase, consumers have more purchasing power and are able to afford higher-priced products. This has created opportunities for premium and specialty products in the market. Overall, the Cider, Perry & Rice Wine market in Burundi is developing due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as consumers seek out healthier and more natural beverage options, support local businesses, and explore unique and high-quality products.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.