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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Sep 2024
Source: Statista Market Insights
The Food market in Chad has been experiencing minimal growth, influenced by factors such as limited access to digital technologies, low health awareness among consumers, and the prevalence of traditional food habits. Additionally, the lack of infrastructure and resources for food production and distribution hinders the market's growth rate. Despite these challenges, the market shows potential for growth with the increasing demand for convenience food and the emergence of new food products tailored to local tastes.
Customer preferences: The Food market in Chad has seen a shift towards healthier and more sustainable food choices, driven by increasing awareness of health and environmental concerns. This has led to a rise in demand for organic and locally-sourced products, as well as vegetarian and plant-based options. Additionally, there is a growing preference for convenience and time-saving options, such as online grocery delivery services and meal prep kits. These trends reflect a larger global movement towards conscious consumption and a desire for greater convenience and efficiency in daily life.
Trends in the market: In Chad, The Food market industry is experiencing a shift towards more sustainable and locally sourced food options. This trend is driven by consumer demand for healthier and more environmentally friendly products. Additionally, there is a growing interest in traditional and indigenous food products, which are seen as a way to preserve cultural heritage. The trajectory of this trend is likely to continue as consumers become more conscious of the impact of their food choices, and as the government encourages the development of local food systems. This trend has significant implications for industry stakeholders, as they may need to adapt their supply chains and product offerings to meet these changing consumer preferences. It also presents opportunities for partnerships and collaborations with local producers, as well as for the development of innovative and sustainable food products.
Local special circumstances: In Chad, The Food market faces unique challenges due to the country's landlocked location and desert climate. This has led to limited agricultural production and a heavy reliance on food imports. Additionally, cultural factors such as traditional food preferences and low levels of consumer spending on food contribute to market dynamics. Regulatory policies, including import tariffs and trade barriers, also play a significant role in shaping The Food market in Chad. These factors create a complex and challenging environment for businesses operating in The Food market in Chad.
Underlying macroeconomic factors: The Food market in Chad is heavily impacted by macroeconomic factors such as the country's overall economic health, fiscal policies, and global economic trends. Chad's economy heavily relies on agriculture, and fluctuations in global food prices can greatly influence the local food market. Additionally, the country's unstable political climate and high poverty rates can also affect consumer purchasing power and overall market demand. Limited investment in infrastructure and technological advancements further hinder market growth. Addressing these macroeconomic challenges is crucial for the sustainable development of The Food market in Chad.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights