Ready-to-Eat Meals - Ethiopia

Ethiopia

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$2.25bn in 2024. The market is expected to grow annually by 16.88% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$149bn in 2024).
In relation to total population figures, per person revenues of US$17.38 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 491.80m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 7.5% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 3.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals market in Ethiopia has been growing steadily due to factors such as increasing urbanization, busy lifestyles, and the convenience of quick and easy meals. The average growth rate of this market is driven by the rising demand for convenience food in the country.

Customer preferences: As the convenience food market continues to grow in Ethiopia, there has been a noticeable increase in demand for ready-to-eat meals. This can be attributed to the changing lifestyles and busier schedules of consumers, who are seeking quick and easy meal options. Additionally, there has been a shift towards healthier and more nutritious ready-to-eat meals, as health-conscious consumers are becoming more prevalent in the market. This trend is also influenced by cultural preferences for fresh and locally sourced ingredients, leading to the emergence of ready-to-eat meals made with traditional Ethiopian flavors and ingredients. This trend is expected to continue as consumers prioritize convenience without compromising on quality and taste.

Trends in the market: In Ethiopia, the Ready-to-Eat Meals Market within the Convenience Food Market is experiencing a surge in demand due to changing consumer preferences and busy lifestyles. This trend is expected to continue, with an increasing number of consumers relying on convenient and quick meal options. Additionally, there is a growing trend of incorporating traditional Ethiopian flavors and ingredients into ready-to-eat meals, catering to the local palate. This trend has significant implications for industry stakeholders, as it presents opportunities for innovation and market expansion. It also highlights the need for efficient supply chain management and investment in product development to meet evolving consumer demands.

Local special circumstances: ' In Ethiopia, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is heavily influenced by the country's unique geographical and cultural factors. With a large rural population and limited access to traditional cooking methods, there is a high demand for convenient and affordable meal options. Additionally, the country's diverse cultural traditions and customs play a significant role in the types of ready-to-eat meals preferred by consumers. Furthermore, the government's efforts to promote food security and reduce food waste have also contributed to the growth of this market.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Ethiopia is impacted by several macroeconomic factors. These include the overall economic health of the country, global economic trends, fiscal policies, and other financial indicators. The growth of this market is heavily influenced by the overall economic stability of the country, as well as the level of disposable income among consumers. In addition, the government's policies on trade and investment, as well as infrastructure development, play a significant role in shaping the market. Moreover, consumer preferences and dietary habits, along with the increasing urbanization and busy lifestyles, are also driving the demand for convenient and ready-to-eat meal options in Ethiopia. Overall, a stable and growing economy, favorable government policies, and shifting consumer preferences are expected to drive the growth of the Ready-to-Eat Meals Market in Ethiopia.

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.