Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat market in Gabon has been experiencing minimal growth, influenced by factors such as economic instability, changing consumer preferences towards plant-based diets, and competition from other protein sources. Despite the slow growth rate, the market is driven by the demand for locally sourced, high-quality meat products and the convenience of online shopping for meat.
Customer preferences: As Gabon's economy continues to grow, there has been a noticeable increase in the demand for premium and organic fresh meat products. This trend is driven by a shift towards healthier and more sustainable food choices, as well as an increasing awareness of the environmental impact of traditional meat production methods. In addition, there has been a rise in demand for locally sourced meat, as consumers prioritize supporting local farmers and reducing their carbon footprint. This has led to an emergence of small-scale, artisanal meat producers in the Gabonese market.
Trends in the market: In Gabon, the Fresh Meat Market of the Meat Market within The Food market is seeing an increase in demand for organic and ethically-sourced meat products. This trend is driven by growing consumer awareness and concerns about the environmental impact of meat production. As a result, there is a shift towards sustainable farming practices and traceability in the supply chain. This trend is expected to continue, with potential implications for industry stakeholders such as farmers, distributors, and retailers. They may need to adapt their practices and offerings to meet the changing consumer preferences and remain competitive in the market.
Local special circumstances: In Gabon, the Fresh Meat Market within the Meat Market of The Food market is heavily influenced by cultural preferences and traditional dietary habits. The country's diverse population, with over 40 different ethnic groups, has a strong demand for specific types of meat, such as bushmeat and smoked fish. Additionally, Gabon has strict regulations on meat imports, making it challenging for international players to enter the market. These factors contribute to a unique market landscape, creating opportunities for local producers and suppliers to cater to the specific needs and preferences of the Gabonese consumers.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Gabon is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The overall economic health of the country and its policies play a significant role in shaping the performance of the market. For example, a stable economy with low inflation rates and favorable fiscal policies can create a conducive environment for businesses to thrive and drive market growth. On the other hand, an unstable economy with high inflation rates and restrictive policies can negatively impact market performance. Additionally, factors such as consumer spending power, trade agreements, and foreign investment also influence the market's growth and development.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
