Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat market in Burundi is experiencing minimal growth due to factors such as limited access to digital technologies, low health awareness among consumers, and a lack of convenience in purchasing fresh meat online. This slow growth can also be attributed to the dominance of traditional markets and cultural preferences for locally sourced meat.
Customer preferences: As consumer awareness of sustainable and ethical food production grows, there is a growing demand for locally sourced and organic meats in the Fresh Meat Market of the Meat Market within The Food market. This trend is particularly prominent among younger generations who prioritize transparency and traceability in their food choices. Additionally, with the rise of health-consciousness, there has been an increasing preference for leaner and protein-rich meats such as chicken and turkey, as well as alternative protein sources such as plant-based meats.
Trends in the market: In Burundi, the Fresh Meat Market of the Meat Market within The Food market is experiencing a shift towards organic and locally-sourced meats, as consumers increasingly prioritize health and sustainability. This trend is expected to continue, with industry stakeholders investing in more sustainable and ethical practices to meet consumer demand. Additionally, there is a growing trend of online meat delivery services, allowing consumers to conveniently purchase fresh meat from local farmers. This trend has potential implications for traditional meat markets, as they may need to adapt to stay competitive in the changing market landscape.
Local special circumstances: In Burundi, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's agricultural sector, with the majority of meat production coming from small-scale farmers. The market is also affected by cultural preferences, as many consumers prefer to purchase meat from local markets rather than supermarkets. Additionally, regulatory challenges, such as limited access to transportation and refrigeration, can impact the supply and pricing of fresh meat in the market. This creates a unique market dynamic, with a reliance on traditional methods of meat production and distribution.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Burundi is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. The country's high poverty rate and dependence on agriculture as a primary source of income have a significant impact on the demand for fresh meat. Furthermore, fiscal policies that affect food prices, trade agreements, and consumer spending power also play a crucial role in the performance of the market. Additionally, global economic trends, such as changes in consumer preferences and increasing disposable income, can significantly impact the demand for and availability of fresh meat 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.
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