Food - Malawi | Statista Market Forecast

Food - Malawi

Malawi

Highlights

Revenue in the Food market amounts to US$5.11bn in 2024. The market is expected to grow annually by 7.45% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$908.60m in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$238.10 are generated in 2024.
In the Food market, 1.5% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 1.32bn kg by 2029. The Food market is expected to show a volume growth of 1.5% in 2025.0.
The average volume per person in the Food market is expected to amount to 57.15kg in 2024.

Key regions:

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and 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. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Malawi is experiencing minimal growth, influenced by factors such as limited availability of land for agricultural production, inadequate infrastructure for food processing and distribution, and low consumer purchasing power. However, the market is expected to see some growth in the sub-markets of fruits and nuts, as well as convenience food, due to increasing demand for healthier and convenient food options. Government initiatives to improve agricultural productivity and food safety may also contribute to the market's growth in the future.

Customer preferences: In Malawi's evolving food market, consumers are increasingly gravitating towards healthy and sustainable food options. This is driven by a growing awareness of the impact of diet on overall well-being, as well as a desire to support local and organic producers. Additionally, there has been a rise in demand for plant-based and alternative protein sources, as consumers become more health-conscious and environmentally aware. This trend is also reflected in the popularity of vegetarian and vegan diets among the younger demographic.

Trends in the market: In Malawi, The Food market is experiencing a growing trend of e-commerce adoption, with more consumers turning to online platforms for purchasing food products. This trend has been accelerated by the COVID-19 pandemic, as consumers prioritize safety and convenience. As a result, businesses in the food industry are increasingly investing in online infrastructure and digital marketing strategies to reach a wider customer base. This trend is expected to continue, with the potential to transform The Food market in Malawi and provide new opportunities for industry stakeholders to innovate and expand their business reach.

Local special circumstances: In Malawi, The Food market is heavily influenced by the country's agricultural practices and traditional food culture. The majority of the population relies on subsistence farming, resulting in a large portion of the market being driven by local produce and traditional dishes. Additionally, government regulations promoting local food production and consumption have a significant impact on market dynamics. This unique blend of cultural and regulatory factors sets the Malawian Food Market apart from others, creating a distinct market landscape.

Underlying macroeconomic factors: The Food market in Malawi is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's economy heavily relies on agricultural production, which is susceptible to external market forces. The government's policies and investments in infrastructure, education, and healthcare also play a crucial role in shaping the market. Additionally, factors such as population growth, urbanization, and changing dietary preferences are important determinants of demand for food products. The market is also impacted by global trade policies and food price fluctuations, making it a complex and dynamic environment for businesses to operate in.

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.