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 Eastern Africa is seeing slow growth due to factors such as low disposable income and a preference for traditional snacks. However, the market is expected to experience some growth in the future as consumers become more health-conscious and seek out healthier options. Online shopping and the convenience of digital technologies are also expected to contribute to the market's growth.
Customer preferences: As consumers become more health-conscious, there has been a surge in demand for healthier and more natural options in the Eastern African Confectionery Market. This trend is driven by the increasing preference for clean-label products and the rising awareness of the health benefits of certain ingredients, such as dark chocolate and nuts. In addition, the growing influence of Western dietary patterns has led to an increase in demand for premium and organic confectionery products.
Trends in the market: In Eastern Africa, the Confectionery Market of the Confectionery & Snacks Market within The Food market is experiencing a rise in demand for healthier and more natural options. This trend is driven by increasing health consciousness among consumers and a growing preference for clean label products. As a result, there is a shift towards using natural ingredients, reducing sugar and fat content, and offering more functional snacks. This trend is expected to continue, presenting opportunities for industry stakeholders to innovate and cater to changing consumer preferences. Additionally, there is a rise in e-commerce and online sales channels, providing a platform for smaller players to enter the market and compete with established brands.
Local special circumstances: In Eastern Africa, the Confectionery Market is heavily influenced by the region's diverse cultural traditions and preferences. For example, in Ethiopia, traditional honey-based sweets are popular, while in Kenya, snacks made from maize and millet are more commonly consumed. Additionally, regulatory factors such as import duties and taxes can significantly impact the availability and pricing of confectionery products in the market. These unique local factors contribute to the dynamic nature of the Confectionery Market in Eastern Africa and differentiate it from other markets in the region.
Underlying macroeconomic factors: The Confectionery Market of the Confectionery & Snacks Market within The Food market is impacted by macroeconomic factors such as consumer spending, population growth, and changing dietary preferences. In Eastern Africa, the market is experiencing growth due to rising disposable incomes, urbanization, and a growing middle class. However, factors such as currency fluctuations, inflation, and political instability can hinder market growth. Furthermore, the prevalence of health consciousness and the demand for healthier snacking options are also influencing the market, as consumers are seeking products that align with their dietary preferences. Overall, the Confectionery Market is expected to continue growing in Eastern Africa, driven by favorable macroeconomic conditions and changing consumer trends.
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