Processed Meat - Benin

Benin

Revenue in the Processed Meat market amounts to US$256.50m in 2024. The market is expected to grow annually by 5.03% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$42bn in 2024).
In relation to total population figures, per person revenues of US$18.22 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 67.44m kg by 2029. The Processed Meat market is expected to show a volume growth of 2.3% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 4.2kg in 2024.

Key regions: India, China, United Kingdom, Spain, South Korea

Market

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Analyst Opinion

The Processed Meat market in Benin is experiencing minimal growth, influenced by factors such as consumer preferences shifting towards healthier options, stricter regulations on food additives, and the rising popularity of plant-based diets. The sub-markets of Ham & Bacon, Sausages, and Cold & Roast Meat Products are also impacted by these trends, leading to a slow overall growth rate for the Meat Market within The Food market. However, with the increasing demand for convenience and the availability of affordable processed meat products, the market is expected to see gradual growth in the coming years.

Customer preferences: The demand for organic and locally sourced processed meat has increased in recent years, as consumers become more health conscious and environmentally aware. This trend is driven by cultural preferences for fresh, natural foods and a growing concern for sustainable food production. Additionally, younger generations are showing a preference for healthier and more ethically sourced options, leading to a surge in demand for plant-based and alternative protein products. This shift in consumer preferences is also influenced by evolving lifestyles, with more individuals looking for convenient and nutritious meal options, as well as a desire for transparency and traceability in food products.

Trends in the market: In Benin, the Processed Meat Market within the Meat Market is experiencing a shift towards healthier and more sustainable options. Consumers are increasingly seeking out organic and free-range meat products, as well as plant-based alternatives to traditional processed meats. This trend is driven by a growing awareness of the health and environmental impacts of conventional meat production. As a result, industry stakeholders are investing in new technologies and marketing strategies to cater to this demand. In the long term, this trend could lead to a more diverse and competitive market, with potential implications for pricing, sourcing, and consumer preferences.

Local special circumstances: In Benin, the Processed Meat market is heavily influenced by cultural preferences and traditional food habits. The country's population has a strong preference for locally-produced meats, leading to a high demand for locally-sourced and processed meat products. Additionally, Benin's strict regulations on imported meat products have created a barrier for international companies, allowing local producers to dominate the market. This, combined with the country's tropical climate, has also shaped the types of processed meats that are popular, with a focus on preserved and cured meats rather than refrigerated or frozen options.

Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Benin is significantly impacted by macroeconomic factors such as consumer purchasing power, trade policies, and economic stability. Benin's economy heavily relies on agriculture and livestock, which play a crucial role in the country's GDP. Therefore, any fluctuations in global economic trends, trade policies, or national economic health can directly influence the demand for processed meat products in Benin. Additionally, fiscal policies and financial indicators, such as inflation rates and exchange rates, can also impact the affordability and competitiveness of processed meat products in the market. Furthermore, the increasing awareness of health and wellness among consumers has also led to a growing demand for healthier and more sustainable processed meat products, further influencing market growth in Benin.

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.