Key regions: Philippines, South Korea, Canada, Japan, China
The Confectionery & Snacks market in Sudan has been experiencing minimal growth, influenced by factors such as low consumer spending power, limited availability of imported ingredients, and the traditional preference for homemade snacks. Despite these challenges, the market is expected to grow moderately in the coming years, driven by the increasing urbanization and changing consumer preferences for convenience and indulgent snacking options.
Customer preferences: As consumer awareness about the negative health effects of traditional snacks and confectionery increases, there is a growing demand for healthier alternatives. This trend is driven by a shift towards healthier lifestyles and a desire for more nutritious options. As a result, companies are introducing innovative, healthier snacks and confectionery products to cater to this demand. Additionally, there is a rising interest in locally sourced and organic ingredients, reflecting a growing preference for sustainable and environmentally friendly products.
Trends in the market: In Sudan, the Confectionery & Snacks Market within The Food market is experiencing a surge in demand for healthier snack options, as consumers become more health-conscious. This trend is expected to continue, as companies focus on introducing products with natural and organic ingredients. This trajectory is significant for industry stakeholders, as it presents an opportunity for market growth and expansion. Additionally, the trend towards healthier snacks aligns with global health and wellness trends, which could have a positive impact on the reputation and profits of companies operating in this market. However, this shift towards healthier snacks could also pose challenges for traditional confectionery and snack companies, as they may need to reformulate their products and adapt to changing consumer preferences.
Local special circumstances: In Sudan, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's cultural and religious customs. The market is dominated by traditional snacks and sweets, such as ful medames and aseeda, which hold cultural significance and are often consumed during religious holidays. Additionally, the country's hot climate and lack of refrigeration infrastructure make it challenging for certain types of snacks to be sold, leading to a focus on locally produced and shelf-stable options. These factors play a significant role in shaping the dynamics of the Confectionery & Snacks Market in Sudan.
Underlying macroeconomic factors: The Confectionery & Snacks Market within The Food market in Sudan is influenced by macroeconomic factors such as the country's economic growth and stability, government policies, and international trade. The Sudanese economy has been hindered by political instability and economic sanctions, which have led to high inflation and limited foreign investment. However, with the recent lifting of sanctions and efforts towards economic reforms, there is potential for growth in the market. Additionally, changing consumer preferences and increasing disposable income are driving the demand for convenient and indulgent snacks, leading to market growth.
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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