Convenience Food - Benin

Benin

Revenue in the Convenience Food market amounts to US$307.20m in 2024. The market is expected to grow annually by 5.99% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$154bn in 2024).
In relation to total population figures, per person revenues of US$21.82 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 109.30m kg by 2029. The Convenience Food market is expected to show a volume growth of 4.4% in 2025.
The average volume per person in the Convenience Food market is expected to amount to 6.5kg in 2024.

Key regions: Canada, China, Spain, Japan, Philippines

Market

Region

Region comparison

Currency

Analyst Opinion

The Convenience Food market in Benin is currently experiencing minimal growth, with the Ready-to-Eat Meals and Soups sub-markets being major contributors. Factors such as increasing urbanization, busy lifestyles, and changing dietary habits are driving the demand for convenient food options. However, challenges such as limited access to technology and infrastructure in rural areas, as well as concerns over the nutritional value of convenience foods, may be impacting the overall market's growth rate.

Customer preferences: As busy lifestyles and urbanization continue to drive demand for convenience, there has been a noticeable shift towards healthier, more nutritious options in the Convenience Food Market within The Food market. This trend is driven by a growing awareness and concern for personal health and wellness, as well as a desire for more sustainable and ethically-sourced food choices. As a result, companies are investing in cleaner labels, organic options, and plant-based alternatives to meet the changing consumer preferences. Additionally, there has been a rise in demand for pre-packaged meals and snacks that cater to specific dietary needs and preferences, such as gluten-free, vegan, and keto-friendly options. This shift towards healthier and more personalized convenience food options reflects a broader cultural movement towards wellness and mindful consumption.

Trends in the market: In Benin, the Convenience Food Market within The Food market is experiencing a rise in the demand for ready-to-eat and packaged foods, as more consumers are seeking convenience and time-saving options. This trend is expected to continue with the increasing urbanization and busy lifestyles in the country. This presents opportunities for industry stakeholders to innovate and expand their product offerings to cater to this growing demand. However, it also poses challenges such as maintaining food quality and safety standards in the manufacturing and distribution processes. As the convenience food market grows, there may also be a shift towards healthier options and sustainability, as consumers become more health-conscious and environmentally aware.

Local special circumstances: In Benin, the Convenience Food Market is heavily influenced by the country's tropical climate and traditional cuisine. Local dishes and ingredients, such as cassava, yams, and palm oil, play a significant role in shaping the market. Additionally, Benin's regulatory landscape, which is still developing, has a significant impact on market dynamics. The government's efforts to promote food safety and hygiene standards have led to the emergence of more organized and quality-controlled convenience food options.

Underlying macroeconomic factors: The Convenience Food Market within The Food market in Benin is influenced by macroeconomic factors such as consumer spending, inflation rates, and government policies. As the economy of Benin continues to grow, consumers are increasing their spending power and are more likely to purchase convenience food products. Additionally, inflation rates can impact the affordability of these products, making them more or less attractive to consumers. Government policies such as taxes and trade agreements can also have a significant impact on the market's performance by affecting production costs and market access for manufacturers. Furthermore, global economic trends and national economic health can also impact the demand for convenience food products in Benin, as a stable and growing economy can lead to higher disposable incomes and increased consumer spending.

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.