Food - Burundi

Burundi

Revenue in the Food market amounts to US$1,713.00m in 2024. The market is expected to grow annually by 8.03% (CAGR 2024-2029).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$337.10m in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$126.00 are generated in 2024.
In the Food market, 1.3% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 696.80m kg by 2029. The Food market is expected to show a volume growth of 3.2% in 2025.
The average volume per person in the Food market is expected to amount to 42.78kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

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Analyst Opinion

The Food market in Burundi has been experiencing minimal growth, influenced by factors such as limited access to digital technologies, low health awareness among consumers, and a lack of convenience in online food services. Despite this, there is potential for growth in sub-markets such as dairy products, meat, and fruits, as consumers seek healthier and more diverse food options. However, challenges such as limited infrastructure and resources may hinder the overall market's growth rate.

Customer preferences: As more and more consumers in Burundi prioritize health and wellness, there has been a notable increase in demand for organic and locally sourced food products. This trend is driven by a growing awareness of the benefits of sustainable and healthy eating habits, as well as a desire to support local farmers and businesses. Additionally, there has been a shift towards plant-based diets, with consumers seeking out alternative protein sources such as beans, lentils, and tofu. This change in preferences is also influenced by cultural traditions and beliefs, as many Burundians follow a vegetarian or pescatarian diet for religious or ethical reasons.

Trends in the market: In Burundi, The Food market industry is experiencing a rise in demand for locally sourced and organic products. This trend is driven by consumer preferences for healthier and more sustainable food options. Additionally, there is a growing focus on food security and self-sufficiency, leading to an increase in small-scale farming and community-supported agriculture. These trends are significant as they promote economic development and support local farmers. However, they may also pose challenges for larger food companies and importers. As consumers continue to prioritize local and sustainable options, industry stakeholders may need to adapt their strategies and offerings to remain competitive in the market.

Local special circumstances: In Burundi, The Food market faces unique challenges due to the country's limited land resources and reliance on subsistence farming. This has resulted in a lack of diversification in the market, with a majority of products being locally sourced and traditional. Additionally, cultural preferences and customs heavily influence food choices, leading to a demand for specific types of products. Regulatory restrictions on foreign imports also limit competition, creating a more closed market. These factors contribute to a slower growth rate compared to other markets, but also provide opportunities for locally-based businesses to thrive.

Underlying macroeconomic factors: The Food market in Burundi is heavily influenced by macroeconomic factors such as agricultural productivity, government policies, and international trade agreements. Burundi's economy heavily relies on agriculture, with over 80% of the population engaged in farming. Changes in global commodity prices and weather patterns can greatly impact the country's agricultural output and subsequently affect The Food market. Moreover, government policies that promote or hinder agricultural growth can also have a significant impact on The Food market. Finally, international trade agreements, especially those related to food imports, can greatly influence the availability and affordability of food in the market.

Methodology

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.