Food - Mauritius

Mauritius

Revenue in the Food market amounts to US$3,572.00m in 2024. The market is expected to grow annually by 6.03% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$759.90m in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$2,810.00 are generated in 2024.
In the Food market, 3.2% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 948.20m kg by 2029. The Food market is expected to show a volume growth of 2.2% in 2025.
The average volume per person in the Food market is expected to amount to 680.90kg in 2024.

Key regions: United States, Canada, China, India, South Korea

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

Region

Region comparison

Currency

Analyst Opinion

The Food market in Mauritius is seeing minimal growth due to factors such as changing consumer preferences, increasing health consciousness, and the convenience of online food options. While sub-markets like dairy products and convenience food are showing steady growth, others like meat and processed vegetables are facing challenges due to rising health concerns and competition from alternative protein sources. The market's growth rate is impacted by a combination of economic and health factors, making it important for businesses to adapt to changing trends to stay competitive.

Customer preferences: As Mauritius becomes more connected to global markets, consumers are increasingly seeking more diverse and exotic food options. This is driven by a growing interest in international cuisines and a desire for healthier and more sustainable food choices. The rise of social media and online food platforms has also led to a surge in demand for visually appealing and innovative food products. Additionally, the growing influence of tourism on The Food market has also sparked a trend towards offering unique and authentic dining experiences.

Trends in the market: In Mauritius, The Food market industry is experiencing a shift towards healthier and more sustainable options. The demand for organic, locally sourced produce is on the rise, as consumers become more conscious of their food choices. This trend is being driven by a growing awareness of the environmental impact of food production and the desire for healthier lifestyles. As a result, there has been an increase in the number of farmers' markets, health food stores, and vegan/vegetarian restaurants. This trajectory towards sustainable and healthy options has significant implications for industry stakeholders, as they must adapt to meet the changing demands of consumers. It also presents opportunities for new businesses to enter the market and cater to this growing trend.

Local special circumstances: In Mauritius, The Food market is heavily influenced by the country's location as an island nation in the Indian Ocean. This geographic factor impacts the availability and variety of locally sourced ingredients and seafood, leading to a unique fusion of Indian, Chinese, and Creole cuisine. Additionally, Mauritius has a diverse population, with influences from Indian, African, Chinese, and European cultures, resulting in a vibrant culinary scene. Moreover, the government has implemented strict regulations on food safety and quality, ensuring the market's compliance and trust among consumers. These factors make The Food market in Mauritius a dynamic and diverse industry, catering to both locals and tourists alike.

Underlying macroeconomic factors: The Food market in Mauritius is heavily influenced by macroeconomic factors such as the country's economic health, global economic trends, and fiscal policies. Mauritius has a stable and growing economy, with a strong focus on tourism and agriculture. The government has implemented policies to promote economic growth and attract foreign investment, which has positively impacted The Food market. Moreover, the increasing tourism industry in Mauritius has resulted in a growing demand for food products, particularly those that cater to international travelers. Additionally, the country's favorable business environment and investment policies have attracted foreign food companies, further contributing to the growth of The Food market in Mauritius.

Methodology

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.