Definition:
The Confectionery market covers food items with a relatively high sugar. Confectionery has a variety of flavorings, colorings, and other components that give them their distinct taste, texture, and appearance. This market is divided into four submarkets: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.
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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: Sep 2024
Source: Statista Market Insights
The confectionery market in Central Africa is experiencing minimal growth, impacted by factors such as low consumer spending, limited product variety, and high import costs. Despite this, increasing demand for indulgent treats and convenience foods is driving growth in sub-markets such as chocolate and preserved pastry goods. However, challenges such as health concerns and economic instability may hinder the overall market's expansion.
Customer preferences: In Central Africa, consumers are increasingly gravitating towards healthier and more nutritious confectionery options, such as fruit-based snacks and plant-based chocolates. This is driven by a growing awareness of the importance of a balanced diet and the desire to lead a healthier lifestyle. As a result, companies are also incorporating local ingredients and flavors into their products to cater to the unique tastes and preferences of the region. Additionally, there is a noticeable rise in demand for organic and ethically sourced confectionery products, reflecting the growing trend towards sustainability and ethical consumption among consumers.
Trends in the market: In Central Africa, the Confectionery & Snacks Market within The Food market is experiencing an increase in demand for healthier snack options. This trend is driven by a growing awareness of the negative health effects of traditional sugary snacks. As a result, there has been a rise in the production of healthier snack alternatives, such as fruit and nut bars, and sugar-free confectionery. This trend is expected to continue as consumers become more health-conscious, providing opportunities for industry stakeholders to tap into this growing market. Additionally, there is a shift towards sustainable and ethical sourcing of ingredients, which has led to the emergence of fair-trade and organic confectionery brands in the region. This trend is expected to gain more traction in the future, as consumers become more socially and environmentally conscious. Industry players who adopt sustainable and ethical practices are likely to have a competitive advantage in the market.
Local special circumstances: In Central Africa, the Confectionery Market within the Confectionery & Snacks Market of The Food market is heavily influenced by the region's climate and agricultural production. The tropical climate and fertile land allow for the cultivation of key ingredients, such as cocoa and sugar, which are integral to the confectionery industry. Additionally, cultural preferences for sweet and indulgent treats drive demand for confectionery products in this market. However, regulatory challenges, such as limited access to capital and infrastructure, pose barriers to entry for international confectionery brands, creating a unique competitive landscape in Central Africa.
Underlying macroeconomic factors: The performance of the Confectionery Market of the Confectionery & Snacks Market within The Food market is heavily influenced by macroeconomic factors in Central Africa. The region's economic growth, government policies, and investment in infrastructure play a significant role in shaping the market. Countries with stable economies and supportive policies tend to experience higher growth in the confectionery market, while those with economic challenges may see slower market growth. Additionally, factors such as population growth, urbanization, and changing consumer preferences also impact the demand for confectionery products in the region.
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