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Confectionery & Snacks - Ethiopia

Ethiopia
  • Revenue in the Confectionery & Snacks market amounts to US$3.94bn in 2024. The market is expected to grow annually by 10.85% (CAGR 2024-2029).
  • In global comparison, most revenue is generated United States (US$135bn in 2024).
  • In relation to total population figures, per person revenues of US$30.39 are generated in 2024.
  • In the Confectionery & Snacks market, volume is expected to amount to 784.60m kg by 2029. The Confectionery & Snacks market is expected to show a volume growth of 3.1% in 2025.0.
  • The average volume per person in the Confectionery & Snacks market is expected to amount to 5.5kg in 2024.

Definition:

The Confectionery & Snacks market includes both confectionery and snacks subsegments. Confectionery is defined as foods with a relatively high sugar content, such as chocolate and chocolate products, sugar confectionery such as chewing gum, sweets, ice cream, preserved pastry goods and cakes. Snack Foods are typically eaten in between meals or as a quick bite.

Structure:

The market consists of two different submarkets:

  • The Confectionery market covers foods with a relatively high sugar content. This market is divided into four subsegments: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
  • The Snack Food market covers sweet, savory, and salty snacks. This market is divided into three submarkets: cookies and crackers, potato chips, tortilla chips, flips, and pretzels.

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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Chocolate and sugar confectionery
  • Ice Cream
  • Cakes
  • Snack Food
  • Cookies and crackers

Out-Of-Scope

  • Chocolate/nut/nougat spreads
  • Peanut butter
  • Desserts
  • Out-of-home consumption
Confectionery & Snacks: market data & analysis - Cover

Market Insights report

Confectionery & Snacks: market data & analysis

Study Details

    Revenue

    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

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Confectionery & Snacks Market in Ethiopia has shown mild growth, influenced by factors such as increasing disposable income, changing consumer preferences, and the convenience of online shopping. These sub-markets have contributed to the overall growth of The Food market, driven by rising demand for indulgent snacks and affordable treats. However, challenges such as supply chain disruptions and high production costs have impacted the growth rate of the Confectionery & Snacks Market in Ethiopia.

    Customer preferences:
    Consumers in Ethiopia are increasingly turning to healthier snack options, such as fruit and nut bars, as they become more health-conscious. This trend is driven by the rise of urbanization and growing awareness of the importance of a balanced diet. In addition, there is a growing demand for locally sourced and organic snacks, reflecting the cultural value placed on traditional and sustainable food practices in Ethiopia. This shift towards healthier and more sustainable snacking options is expected to continue as the country's economy and consumer lifestyle continue to evolve.

    Trends in the market:
    In Ethiopia, the Confectionery & Snacks Market within The Food market is experiencing a surge in demand for healthier options, such as organic and gluten-free snacks. This trend is driven by increasing health consciousness among consumers and a growing middle class. Additionally, there is a rise in e-commerce platforms, providing more convenient access to these products. These trends are expected to continue to shape the market, with potential implications for industry stakeholders, including the need to adapt to changing consumer preferences and invest in online sales channels.

    Local special circumstances:
    In Ethiopia, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's agricultural sector. The availability of locally grown ingredients, such as coffee, teff, and spices, has led to a variety of unique and traditional snack options. Additionally, Ethiopia's diverse cultural influences, particularly from neighboring countries like Sudan and Eritrea, have also contributed to the market's dynamic offerings. Furthermore, the government's efforts to promote local entrepreneurship and small businesses have resulted in a growing number of homegrown snack brands, catering to both local and international tastes.

    Underlying macroeconomic factors:
    The Confectionery & Snacks Market within The Food market in Ethiopia is influenced by macroeconomic factors such as the country's economic growth, consumer spending power, and government policies. Ethiopia's growing economy and increasing disposable income have resulted in a rise in demand for confectionery and snacks. Additionally, the government's efforts to promote foreign investment and improve infrastructure have created a conducive business environment for the industry. However, challenges such as high inflation rates and limited access to capital may hinder market growth. Overall, the country's economic stability and favorable business climate bode well for the future of the Confectionery & Snacks Market in Ethiopia.

    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.

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    Confectionery & Snacks: market data & analysis - BackgroundConfectionery & Snacks: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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