Meat Substitutes - Burundi

Burundi

Highlights

Revenue in the Meat Substitutes market amounts to US$289.30k in 2024. The market is expected to grow annually by 11.48% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$0.02 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 18.34k kg by 2029. The Meat Substitutes market is expected to show a volume growth of 8.6% in 2025.0.
The average volume per person in the Meat Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Meat Substitutes Market in Burundi is experiencing an average growth rate, influenced by factors such as increasing health consciousness, adoption of meat alternatives, and convenience of online purchasing.

Customer preferences: As consumers become more health-conscious and environmentally aware, there has been a growing demand for meat substitutes in Burundi. This trend is driven by factors such as rising concerns over animal welfare, health concerns related to meat consumption, and a growing interest in plant-based diets. Additionally, with the emergence of a young and urbanized population, there is a greater emphasis on convenience and sustainability, leading to a shift towards alternative protein sources in the meat market. This has resulted in the proliferation of innovative meat substitute options, including plant-based burgers, sausages, and nuggets, catering to a diverse range of dietary preferences and lifestyles.

Trends in the market: In Burundi, the meat substitutes market within the meat market is experiencing a shift towards plant-based alternatives. This trend is driven by increasing consumer awareness of the environmental and health impacts of meat consumption. As a result, there is a growing demand for meat substitutes made from soy, peas, and other plant-based sources. This trend is expected to continue, with the global market for meat substitutes projected to reach $8.1 billion by 2026. This shift towards meat substitutes has significant implications for industry stakeholders, as it presents both opportunities and challenges for traditional meat producers and retailers. On one hand, the demand for meat substitutes provides new market opportunities for businesses to diversify their product offerings. On the other hand, it also poses a threat to the traditional meat industry, as consumers increasingly opt for healthier and more sustainable options. To remain competitive, industry stakeholders must adapt to this trend by investing in research and development of new plant-based products and marketing strategies that cater to the growing demand for meat substitutes.

Local special circumstances: In Burundi, the Meat Substitutes Market of the Meat Market within The Food market is influenced by the country's predominantly vegetarian population, which is a result of cultural and religious beliefs. This has led to a demand for plant-based protein alternatives, such as soy and legumes. Additionally, the government's efforts towards promoting a healthier diet and reducing meat consumption have also contributed to the growth of the Meat Substitutes Market. Limited availability and high prices of meat products also play a role in driving the demand for meat substitutes in the country.

Underlying macroeconomic factors: The Meat Substitutes Market of the Meat Market within The Food market in Burundi is heavily influenced by macroeconomic factors such as economic stability, consumer spending patterns, and government policies. As Burundi continues to experience economic growth and an increase in disposable income, consumers are becoming more health-conscious and are turning to meat substitutes as a healthier and more environmentally sustainable alternative to traditional meat products. Additionally, government initiatives promoting a plant-based diet and sustainable agriculture are also driving the growth of the Meat Substitutes Market in Burundi. However, challenges such as limited access to technology and distribution channels, as well as high import costs, may hinder the market's growth potential 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.