Key regions: India, United States, Japan, United Kingdom, China
The Bread market in Burundi is experiencing subdued growth, impacted by factors such as limited resources and low consumer purchasing power. Despite this, it remains a crucial part of The Food market, driven by the convenience and availability of various Bread and Cereal products.
Customer preferences: As consumers in Burundi become more health-conscious, there has been a notable shift towards incorporating traditional, locally-sourced ingredients in bread products. This trend is driven by a growing interest in natural and organic foods, as well as a desire to support local farmers and promote sustainable agriculture. Additionally, there has been an increase in demand for gluten-free and low-carb options, reflecting a trend towards healthier and more specialized diets.
Trends in the market: In Burundi, the Bread Market of the Bread & Cereal Products Market within The Food market is experiencing a rise in demand for healthier bread options, such as whole grain and gluten-free breads. There is also a growing trend of bakeries using locally sourced ingredients to appeal to consumers seeking more sustainable and authentic products. These trends are significant as they reflect the increasing health consciousness and preference for natural products among consumers. Industry stakeholders may need to adapt their production processes and marketing strategies to cater to these changing consumer preferences. Additionally, there may be opportunities for collaborations with local farmers and suppliers to support the use of locally sourced ingredients in bread production.
Local special circumstances: In Burundi, the Bread Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's agricultural sector, which contributes to the majority of the nation's GDP. This has led to a strong dependence on locally produced grains, resulting in a high demand for traditional breads made from sorghum and maize. Additionally, cultural preferences for freshly baked bread and a lack of modern baking technology have limited the presence of packaged bread in the market. These factors have created a distinct market dynamic, with locally produced bread dominating the market.
Underlying macroeconomic factors: The Bread Market of the Bread & Cereal Products Market within The Food market in Burundi is affected by various macroeconomic factors such as the country's economic stability, government policies, and global economic trends. Burundi's economy heavily relies on agriculture, which also includes the production of bread and cereal products. The country's political and social instability, coupled with high inflation rates, have resulted in a volatile economic climate, affecting consumer purchasing power and market demand. Moreover, Burundi's limited access to technology and infrastructure hinders the growth of the bread market. However, the increasing population and rising urbanization in the country present opportunities for market growth.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).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, and consumer price 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 Food 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. The market is updated twice a year.
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