Key regions: United Kingdom, Russia, Philippines, United States, Spain
The Soups Market in Burundi is seeing minimal growth due to factors such as the country's limited access to digital technologies and lower levels of health awareness among consumers. Despite the convenience of online health services, the market is impacted by challenges in infrastructure and education.
Customer preferences: The Soups Market of the Convenience Food Market within The Food market has seen a rise in demand for healthier, plant-based options as consumers become more health-conscious. This trend is influenced by cultural beliefs and preferences, particularly in Burundi, where plant-based diets are common. Additionally, younger generations are driving this shift, as they prioritize convenience and value sustainability. As a result, there has been an increase in the availability of vegan and vegetarian soups, catering to these evolving consumer preferences.
Trends in the market: In Burundi, the Soups Market of the Convenience Food Market within The Food market is experiencing a shift towards healthier options, with a demand for low-sodium and organic soups. This trend is driven by increasing health consciousness among consumers and the availability of more nutritious options in the market. Additionally, there is a growing preference for convenience, leading to a rise in single-serve and ready-to-eat soups. These trends are expected to continue in the future, presenting opportunities for industry stakeholders to tap into the growing health and convenience-focused market segment.
Local special circumstances: In Burundi, the Soups Market of the Convenience Food Market within The Food market is influenced by the country's limited access to fresh and diverse ingredients. This has led to a strong reliance on dried and preserved foods, making soups a popular and convenient meal option. Additionally, cultural preferences for hearty and filling soups have resulted in a variety of unique flavors and recipes. The market is also impacted by regulatory restrictions on imported ingredients, leading to a focus on locally sourced and produced soups.
Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market in Burundi is greatly impacted by macroeconomic factors such as the country's economic stability and fiscal policies. Burundi has a relatively low GDP per capita, which affects consumer spending on convenience food products such as soups. Additionally, the country's political and social instability can also have a negative impact on market growth. However, the increasing urbanization and changing lifestyles in Burundi are creating a demand for convenient and affordable food options, which can positively influence the soups market. Furthermore, the government's efforts to improve infrastructure and attract foreign investments can also contribute to the growth of the market by providing a more conducive business environment.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
