Meat Substitutes - Niger

Niger

Highlights

Revenue in the Meat Substitutes market amounts to US$1.16m in 2024. The market is expected to grow annually by 7.69% (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$0.04 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 93.03k kg by 2029. The Meat Substitutes market is expected to show a volume growth of 2.8% 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 Niger is experiencing minimal growth, influenced by factors such as limited consumer awareness and availability of plant-based options. This marginal growth is hindered by traditional meat consumption habits and cultural preferences within The Food market. Despite this, the market is expected to grow steadily as health consciousness and environmental concerns drive demand for meat alternatives.

Customer preferences: As the global demand for plant-based and sustainable food options continues to rise, the Meat Substitutes Market within the Meat Market of The Food market has seen a significant increase in sales. This can be attributed to a growing awareness of the environmental impact of traditional meat production, as well as health concerns and ethical considerations. Moreover, a shift towards flexitarian and vegetarian diets among younger generations has also contributed to the growth of the Meat Substitutes Market.

Trends in the market: In Niger, the demand for meat substitutes is on the rise as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with a projected 8% annual growth rate in the global meat substitutes market. As a result, major players in the food industry are investing in plant-based meat alternatives and introducing innovative products to meet this demand. This trend has significant implications for stakeholders, as it presents opportunities for expansion and diversification in the market. Furthermore, the increasing popularity of meat substitutes could have a positive impact on the environment and contribute to sustainable food production.

Local special circumstances: In Niger, the Meat Substitutes Market is still in its early stages due to the traditional preference for meat-based diets. However, the market is expected to grow due to the increasing awareness about the health and environmental benefits of plant-based diets. Additionally, the government has implemented policies to promote the consumption of meat substitutes as a sustainable alternative to meat. The market is also influenced by the country's predominantly Muslim population, which avoids pork consumption, creating a unique demand for halal-certified meat substitutes.

Underlying macroeconomic factors: The Meat Substitutes Market of the Meat Market within The Food market is influenced by various macroeconomic factors in Niger. The country's economic growth and stability, government policies, and investments in the food industry have a direct impact on the market performance. The rise in demand for meat substitutes is driven by changing consumer preferences towards healthier and sustainable food options, as well as the increasing trend of vegetarian and vegan diets. Additionally, the government's initiatives to promote food security and reduce reliance on meat imports have also contributed to the growth of the Meat Substitutes Market in Niger. Moreover, the country's young and growing population, along with rising disposable income, presents a lucrative market for meat substitutes. However, challenges such as limited availability of raw materials and high production costs hinder the market's growth.

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.