Ready-to-Eat Meals - Mozambique

Mozambique

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$339.40m in 2024. The market is expected to grow annually by 8.73% (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$9.74 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 98.36m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 4.6% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 2.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Ready-to-Eat Meals market in Mozambique, within the Convenience Food Market, is experiencing mild growth due to factors such as increasing urbanization, busy lifestyles, and convenience offered by pre-packaged meals. This market is influenced by the growing preference for convenience and affordability among consumers, driving demand for ready-to-eat options.

Customer preferences: With the rise of busy lifestyles and hectic work schedules in Mozambique, there has been a growing demand for ready-to-eat meals in the Convenience Food Market. This trend is particularly evident among young professionals and urban dwellers, who prioritize convenience and efficiency in their food choices. In addition, there has also been an increasing preference for healthier and more nutritious options, with a focus on locally-sourced and organic ingredients. This shift towards healthier and more convenient food options is driven by a growing awareness of the importance of nutrition and wellness in overall health and well-being.

Trends in the market: In Mozambique, the Ready-to-Eat Meals market is experiencing a surge in demand due to the increasing urbanization and busy lifestyles of consumers. This trend is expected to continue as more people seek convenient and time-saving food options. Additionally, there is a growing demand for healthier and more nutritious ready-to-eat meals, leading to the introduction of new products in the market. This presents opportunities for industry stakeholders to tap into this emerging trend and offer innovative and healthier options to consumers. However, it also poses challenges for traditional food retailers, as they may struggle to keep up with the changing consumer preferences. As the trend towards convenience and healthier options continues, industry players will need to adapt their strategies to stay competitive in the market.

Local special circumstances: In Mozambique, convenience is key in the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market. Due to the country's high levels of poverty and limited access to fresh produce, the demand for affordable and convenient meal options is on the rise. Additionally, the country's rich Portuguese and African culinary influences have led to a unique range of ready-to-eat meals, incorporating local ingredients and flavors. This factor, coupled with increased urbanization and a growing middle-class population, has contributed to the market's growth. Furthermore, the government's focus on promoting local food production and reducing food waste has also influenced the market's dynamics.

Underlying macroeconomic factors: The Ready-to-Eat Meals Market of the Convenience Food Market within The Food market in Mozambique is heavily influenced by macroeconomic factors such as the country's economic growth and stability, government policies and regulations, and investment in infrastructure. Global economic trends, such as changes in consumer behavior and shifting food preferences, also impact the market. Furthermore, the national economic health, including GDP growth, inflation rates, and unemployment levels, plays a significant role in the performance of the Ready-to-Eat Meals Market. Fiscal policies, such as taxes and subsidies, can also affect the market by influencing consumer purchasing power and production costs. Other relevant financial indicators, such as exchange rates and interest rates, can also impact market performance. Therefore, it is crucial to consider these macroeconomic factors when analyzing the growth and potential of the Ready-to-Eat Meals Market in Mozambique.

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.