Ready-to-Eat Meals - Gabon

Gabon

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$130.30m in 2024. The market is expected to grow annually by 5.19% (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$52.46 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 22.12m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 3.1% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 7.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals Market in Gabon is experiencing minimal growth, influenced by factors such as increasing demand for convenience foods and a growing consumer preference for online food services. This trend is expected to continue, driving the growth of the Convenience Food Market in the country.

Customer preferences: Consumers in Gabon are showing a growing preference for ready-to-eat meals as a convenient and time-saving option in their busy lifestyles. This trend is driven by a rise in urbanization and a growing working population. Additionally, there is a growing demand for healthier options, leading to an increase in the availability of plant-based and organic ready-to-eat meals. Convenience and health-consciousness are key factors fueling the growth of this market.

Trends in the market: In Gabon, the Ready-to-Eat Meals market of the Convenience Food Market within The Food market is experiencing a surge in demand for healthier and more diverse options. This trend is driven by a growing awareness of the importance of nutrition and a desire for convenience. As a result, companies are offering plant-based, gluten-free, and organic options to cater to consumer preferences. This trajectory is expected to continue, as health-consciousness and the need for convenience continue to shape consumer behavior. This trend presents significant opportunities for industry stakeholders, including food manufacturers, retailers, and delivery services. However, it also poses challenges, such as the need for innovation and sustainable sourcing practices. Overall, the shift towards healthier and more diverse ready-to-eat meals in Gabon has the potential to drive growth and differentiate companies in this competitive market.

Local special circumstances: In Gabon, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is influenced by the country's geographical location and cultural preferences. Gabon's coastal location allows for easy access to a variety of fresh seafood, which is reflected in the local cuisine. Additionally, Gabonese consumers have a preference for hot and spicy flavors in their meals, which has led to the popularity of spicy ready-to-eat meals in the market. Furthermore, the country's regulatory environment, with strict guidelines for food safety and labeling, has also played a role in shaping the market dynamics for ready-to-eat meals.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market within the Convenience Food Market of The Food market in Gabon is influenced by macroeconomic factors such as consumer purchasing power, inflation rates, and overall economic stability. The country's GDP growth and government policies play a significant role in determining the demand for convenience food products, including ready-to-eat meals. Additionally, factors such as urbanization, changing lifestyles, and an increase in the working population also impact the market's performance. Moreover, the availability of raw materials, transportation, and distribution infrastructure also play a crucial role in determining 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.