Soups - Gabon | Statista Market Forecast

Revenue in the Soups market amounts to US$16.70m in 2024. The market is expected to grow annually by 4.39% (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$6.72 are generated in 2024.
In the Soups market, volume is expected to amount to 2.85m kg by 2029. The Soups market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Soups market is expected to amount to 1.0kg 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 Gabon is experiencing minimal growth, impacted by factors such as low consumer awareness and limited availability of digital technologies. Convenience and health awareness are driving forces for market growth.

Customer preferences: The Soups Market within the Convenience Food Market in Gabon is experiencing a rise in demand for healthy and convenient options. Consumers are increasingly opting for soups made with natural and locally-sourced ingredients, as well as those with added health benefits such as immune-boosting properties. This trend is driven by a growing awareness of the importance of a balanced diet and a desire for convenient solutions that align with cultural preferences for fresh and natural foods. Additionally, the rise in urbanization and busy lifestyles has led to a higher demand for quick and easy meal options, making soups a popular choice among consumers.

Trends in the market: In Gabon, the Soups Market of the Convenience Food Market within The Food market is experiencing a shift towards healthier options, with consumers seeking out soups made with natural ingredients and free from additives. This trend is expected to continue as health consciousness grows among consumers. Additionally, there is a rising demand for convenience and ready-to-eat soups, as busy lifestyles and increasing urbanization drive the need for quick and easy meal options. This trend presents opportunities for industry stakeholders to innovate and develop new products that cater to these changing preferences.

Local special circumstances: In Gabon, the Soups Market of the Convenience Food Market within The Food market is influenced by the country's geographic location and cultural preferences. Being home to a diverse population, the demand for traditional and regional soups is high, leading to the popularity of local soup brands in the market. Additionally, the country's strict food regulations and import restrictions have created barriers for international soup brands, giving local players an advantage in the market. The emphasis on using fresh and natural ingredients in soups also aligns with Gabonese culinary traditions, further driving the demand for locally made soups.

Underlying macroeconomic factors: The Soups Market of the Convenience Food Market within The Food market is primarily influenced by macroeconomic factors such as consumer spending patterns, disposable income, and overall economic stability. The market is also impacted by global economic trends, such as shifts in international trade policies and fluctuating commodity prices. Additionally, government fiscal policies and regulations, such as taxes and import/export regulations, can have a significant impact on market performance. Other relevant financial indicators, such as inflation rates and interest rates, can also affect the demand for convenience food products, including soups, in Gabon. Overall, the Soups Market in Gabon is expected to experience steady growth due to favorable macroeconomic conditions and increasing demand for convenience food products in the country.

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.