Skip to main content
  1. Market Insights
  2. Consumer
  3. Food

Convenience Food - Madagascar

Madagascar
  • Revenue in the Convenience Food market amounts to US$381.30m in 2024. The market is expected to grow annually by 7.20% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$154bn in 2024).
  • In relation to total population figures, per person revenues of US$12.28 are generated in 2024.
  • In the Convenience Food market, volume is expected to amount to 123.20m kg by 2029. The Convenience Food market is expected to show a volume growth of 2.2% in 2025.0.
  • The average volume per person in the Convenience Food market is expected to amount to 3.7kg in 2024.

Definition:

The Convenience Food market covers any form of pre-packaged or prepared food that is intended to be simple to prepare or consume quickly, requiring little to no cooking or other preparation. Examples include ready-to-eat meals, frozen dinners, and soups. The focus of these meals is less on quality and nutrition and more on convenience and accessibility.

Structure:

The market consists of two different submarkets:

  • The Ready-to-Eat Meals market covers products that require minimal preparation by the consumer, i.e., meals that only require heating up.
  • The Soups market covers finished products such as powders for making soup (instant soups), and broth or liquid soups that are purchased in prepared form (tinned soups).

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

  • Ready-to-eat meals
  • Soups

Out-Of-Scope

  • Fresh cut salad
  • Frozen vegetables
  • Cut fruit
  • Out-of-home consumption
Convenience Food: market data & analysis - Cover

Market Insights report

Convenience Food: 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 Convenience Food Market in Madagascar has shown moderate growth due to factors such as increasing urbanization, changing lifestyles, and busy work schedules. The sub-markets of Ready-to-Eat Meals and Soups contribute to the overall growth, but the market is impacted by challenges such as limited access to technology and low consumer awareness. These factors have led to a minimal growth rate in the market.

    Customer preferences:
    With the growing demand for convenience and time-saving options in The Food market, consumers in Madagascar are increasingly turning towards convenience foods. This trend is also driven by the rise in the number of working professionals and busy lifestyles. Additionally, there is a growing preference for healthier convenience food options, such as plant-based and organic products, reflecting a shift towards more health-conscious consumption. This trend is also influenced by the cultural value placed on natural and traditional foods in Madagascar.

    Trends in the market:
    In Madagascar, the Convenience Food Market within The Food market is experiencing a shift towards healthier and more sustainable options. This trend is being driven by increasing consumer awareness of the impact of processed foods on health and the environment. As a result, there is a growing demand for organic and locally sourced convenience food products. This trend is expected to continue, with industry stakeholders investing in new product development and marketing strategies to meet the changing consumer preferences. Additionally, the government is also promoting initiatives to support the growth of sustainable food options, which could further drive this trend. As a result, industry players are likely to face both opportunities and challenges in adapting to this shift towards healthier and more sustainable convenience food options in Madagascar.

    Local special circumstances:
    In Madagascar, the Convenience Food Market is heavily influenced by the country's unique geography and climate. With limited arable land and a reliance on imported goods, convenience foods provide a convenient and affordable option for the population. Additionally, the country's cultural preference for rice-based dishes has led to a high demand for pre-packaged rice meals. However, strict regulations on imported food products pose a challenge for international brands looking to enter the market. This has resulted in a dominance of local and regional brands in the Convenience Food Market in Madagascar.

    Underlying macroeconomic factors:
    The Convenience Food Market within The Food market is greatly impacted by macroeconomic factors in Madagascar. The country's economic health and policies, along with global economic trends, play a significant role in the performance of this market. Growing disposable incomes, urbanization, and changing consumer lifestyles are driving the demand for convenience foods in Madagascar. Additionally, favorable government initiatives and investments in the food industry are further propelling the growth of the Convenience Food Market in the country. However, challenges such as high import costs and limited infrastructure may hinder market growth in Madagascar.

    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.

    Consumer

    Access more Market Insights on Consumer topics with our featured report

    Convenience Food: market data & analysis - BackgroundConvenience Food: 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

    Contact

    Get in touch with us. We are happy to help.