Key regions: Spain, Canada, Japan, South Korea, Russia
The Confectionery market in Sudan is currently experiencing slow growth due to various factors such as low consumer purchasing power, limited availability of raw materials, and increasing competition from informal markets. However, there is potential for growth in the Chocolate and Sugar Confectionery segments due to increasing urbanization and changing consumer preferences. The Ice Cream and Preserved Pastry Goods & Cakes segments are also expected to see growth due to the convenience they offer to busy consumers.
Customer preferences: As consumers become more health-conscious, there has been a shift towards healthier and more natural ingredients in the Confectionery Market of the Confectionery & Snacks Market within The Food market. This trend is driven by the growing awareness of the negative impact of high sugar and artificial additives on overall health. Additionally, with the rise of veganism and plant-based diets, there is a demand for confectionery products that are free from animal products and are ethically sourced.
Trends in the market: In Sudan, the Confectionery Market within the Confectionery & Snacks Market is experiencing a shift towards healthier options, with consumers becoming more health-conscious and demanding natural and organic ingredients. This trend is expected to continue on an upward trajectory, driven by growing concerns about obesity and diabetes. As a result, industry players are investing in research and development to create healthier alternatives and cater to this demand. This shift towards healthier options not only benefits consumers but also presents opportunities for industry stakeholders to tap into this growing market segment and differentiate themselves from competitors.
Local special circumstances: In Sudan, the Confectionery Market within the Confectionery & Snacks Market of The Food market is influenced by its geographical location and cultural preferences. The country's hot climate makes it a favorable market for ice cream and other frozen treats. Its diverse population also leads to a demand for a variety of confectionery products, such as traditional Arabic sweets and Western-style chocolates. Additionally, the country's regulatory environment, with strict halal certification requirements, shapes the product offerings in the market. These factors contribute to the unique dynamics of the Confectionery Market in Sudan.
Underlying macroeconomic factors: The performance of the Confectionery Market within The Food market is heavily influenced by macroeconomic factors in Sudan. The country's economy is primarily driven by agricultural production and exports, which can impact the availability and cost of raw materials for the confectionery industry. Additionally, Sudan's political stability and trade policies can affect the market's growth and profitability. The country's recent economic reforms, including the removal of subsidies and currency devaluation, have also impacted consumer purchasing power and could potentially affect demand for confectionery products. Furthermore, the COVID-19 pandemic has had a significant impact on the global economy and could potentially disrupt supply chains and consumer behavior, which could impact the Confectionery Market in Sudan.
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.
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