Meat - Gabon

Gabon

Revenue in the Meat market amounts to US$500.20m in 2024. The market is expected to grow annually by 5.29% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$201.30 are generated in 2024.
In the Meat market, volume is expected to amount to 59.29m kg by 2029. The Meat market is expected to show a volume growth of 3.4% in 2025.
The average volume per person in the Meat market is expected to amount to 20.4kg in 2024.

Key regions: Russia, China, Spain, Canada, United Kingdom

Market

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Analyst Opinion

The Meat Market in Gabon has seen slight growth due to factors such as increasing demand for fresh and processed meat, health consciousness among consumers, and the convenience of meat substitutes. However, challenges such as limited availability of resources and high production costs are impacting the market's growth rate, which remains minimal.

Customer preferences: As consumers become more health-conscious and environmentally aware, there has been a noticeable shift towards plant-based and organic meat alternatives in Gabon's Meat Market within The Food market. This trend is influenced by a growing demand for sustainable and ethical food options, as well as a rise in flexitarian and vegan diets. This has also led to an increase in the availability of these products in supermarkets and restaurants, catering to the changing preferences of consumers. Additionally, there has been a rise in demand for locally sourced and artisanal meat products, highlighting a desire for transparency and quality in food production.

Trends in the market: In Gabon, the Meat Market within The Food market is experiencing a shift towards sustainable and ethical practices. This trend is driven by consumer demand for transparency and responsible sourcing. As a result, major players in the industry are investing in certifications and partnerships with local farmers. This trajectory is significant as it reflects a growing consumer awareness and prioritization of ethical consumption. It also has potential implications for industry stakeholders, as those who fail to adapt may face backlash and loss of market share. Additionally, this trend could lead to increased competition and innovation in sustainable meat production methods.

Local special circumstances: In Gabon, the Meat Market within The Food market is influenced by the country's unique geographical location, with a large portion of the population living in rural areas. This has led to a demand for locally-sourced, organic meats, as well as the popularity of traditional cooking methods. Additionally, Gabon's cultural preference for communal meals and large gatherings has resulted in a strong demand for bulk purchases and family-sized portions. This, coupled with strict government regulations on food safety and quality, has created a market that prioritizes freshness and authenticity.

Underlying macroeconomic factors: The Meat Market within The Food market in Gabon is directly influenced by macroeconomic factors such as GDP growth, consumer spending patterns, and government policies. As a developing country, Gabon's economic growth has been driven by investments in infrastructure and natural resource exports. This has led to an increase in disposable income, enabling consumers to spend more on food products, including meat. However, fluctuations in global commodity prices and currency exchange rates can impact the cost of imported meat, making it more expensive for consumers. Additionally, government policies such as trade tariffs and import restrictions can also affect the availability and pricing of meat products in the market. These macroeconomic factors can significantly influence the performance of the Meat Market within The Food market in Gabon.

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.