Market Insights Consumer Food Convenience Food

Ready-to-Eat Meals - Benin

Benin

Revenue in the Ready-to-Eat Meals market amounts to US$293.60m in 2024. The market is expected to grow annually by 6.04% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$149bn in 2024).
In relation to total population figures, per person revenues of US$20.30 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 104.60m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 4.5% in 2025.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 6.0kg in 2024.

Key regions: Russia, United States, United Kingdom, Canada, India

Market

Region

Region comparison

Currency

Analyst Opinion

In Benin nan, the Ready-to-Eat Meals Market within the Convenience Food Market is experiencing minimal growth due to factors such as limited consumer awareness and low disposable income. However, the convenience and time-saving aspect of these meals is driving some growth in the market.

Customer preferences: With the rise of urbanization and busier lifestyles, there has been a growing demand for convenient and time-saving food options in Benin. This has resulted in an increased preference for ready-to-eat meals in the convenience food market. Additionally, as more women enter the workforce, there has been a shift towards smaller households, leading to a rise in single-person households. This has further fueled the demand for single-serve or smaller portion sizes, catering to the evolving needs and preferences of consumers in Benin.

Trends in the market: In Benin, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing a rise in demand for healthier and more diverse options. This trend is driven by a growing awareness of the importance of nutrition and convenience in busy urban lifestyles. As a result, there is a surge in the availability of plant-based and organic ready-to-eat meals. This trajectory is significant for industry stakeholders as it presents opportunities for product innovation and expansion into new markets. However, it also poses challenges in terms of production capacity and supply chain management. As consumer preferences continue to evolve, meeting their demands will be crucial for the success of players in this market.

Local special circumstances: In Benin, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is driven by the country's fast-paced urban lifestyle and the increasing demand for convenient and time-saving meal solutions. This is further fueled by the limited availability of fresh produce and the high cost of traditional cooking methods. Additionally, the government's efforts to promote food safety and hygiene have led to a surge in the market for packaged and ready-to-eat meals.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Benin is influenced by macroeconomic factors such as economic growth, consumer spending, and government policies. The country's overall economic health, as well as its fiscal policies, can impact the market's performance, as these factors can affect consumer purchasing power and demand for convenience food products. Additionally, global economic trends, such as changes in commodity prices, can also have an impact on the market. Furthermore, government initiatives to promote the food industry and improve infrastructure can create favorable conditions for market growth. However, challenges such as inflation and currency fluctuations can also have a negative impact on the market's growth potential.

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.