Soups - Ethiopia | Statista Market Forecast

Revenue in the Soups market amounts to US$42.82m in 2024. The market is expected to grow annually by 17.73% (CAGR 2024-2029).
In global comparison, most revenue is generated Indonesia (US$10bn in 2024).
In relation to total population figures, per person revenues of US$0.33 are generated in 2024.
In the Soups market, volume is expected to amount to 11.25m kg by 2029. The Soups market is expected to show a volume growth of 3.9% in 2025.0.
The average volume per person in the Soups market is expected to amount to 0.1kg in 2024.

Definition:

The Soups market covers any type of soup that is ready for consumption immediately after purchase or after heating. These soups require minimal preparation by the consumer and included instant soups that typically come in powdered form and broth or liquid soups that are purchased in prepared form such as tinned soups.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Dehydrated soup
Tinned and other packaged soup
Broth
Canned soups and stews
Fondue soup
Frozen soups, Instant miso soup

Other ready-to-eat meals
Out-of-home consumption

The Soups Market in the Convenience Food Market of Ethiopia is experiencing mild growth due to factors such as the increasing adoption of convenience food, rising health awareness among consumers, and the convenience offered by online food services.

Customer preferences: As consumer lifestyles become busier and more fast-paced in Ethiopia, there has been a rise in demand for convenient meal options, leading to a growth in the Soups Market of the Convenience Food Market within The Food market. This trend is fueled by a growing preference for ready-to-eat meals that require minimal preparation time. Additionally, with the increase in urbanization and a rise in dual-income households, there is a higher demand for quick and easy meal solutions, making convenience food a popular choice among consumers.

Trends in the market: In Ethiopia, the Soups Market of the Convenience Food Market within The Food market is experiencing a shift towards healthier options, as consumers become more health-conscious. This trend is driven by the increasing availability of locally sourced, organic ingredients and a growing demand for plant-based products. Additionally, there is a rising interest in traditional Ethiopian soups, such as shiro and kik alicha, which are known for their nutritional benefits. These trends have significant implications for industry stakeholders, as they must adapt their product offerings to cater to changing consumer preferences. Companies that successfully tap into these trends are likely to gain a competitive edge in the market.

Local special circumstances: In Ethiopia, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the country's agricultural sector, with a large portion of the population relying on farming for their livelihood. This leads to a strong emphasis on locally sourced ingredients in soups, with a focus on traditional flavors and cooking methods. Additionally, the country's diverse cultural heritage plays a role in shaping the variety of soups available, with regional specialties and ingredients varying across different ethnic groups. Government regulations also impact the market, with restrictions on food imports creating a demand for locally produced soups.

Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market is also influenced by macroeconomic factors such as consumer spending patterns, disposable income levels, and government policies on food safety and import regulations. Countries with stable economic conditions and high disposable incomes are experiencing higher demand for convenience food products, including soups. Additionally, factors such as population growth, urbanization, and changing dietary habits are also contributing to the growth of the convenience food market, including soups, 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.