Food - Chad

Chad

Revenue in the Food market amounts to US$7.30bn in 2024. The market is expected to grow annually by 7.68% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$1.41bn 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$387.30 are generated in 2024.
In the Food market, 1.6% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 2,807.00m kg by 2029. The Food market is expected to show a volume growth of 4.7% in 2025.
The average volume per person in the Food market is expected to amount to 122.50kg 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.

Market

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Analyst Opinion

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.

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.