Processed Meat - Burkina Faso

Burkina Faso

Revenue in the Processed Meat market amounts to US$189.20m in 2024. The market is expected to grow annually by 4.21% (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$7.94 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 49.32m kg by 2029. The Processed Meat market is expected to show a volume growth of 1.4% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 1.9kg in 2024.

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

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Analyst Opinion

The Processed Meat Market in Burkina Faso is experiencing minimal growth, due to factors such as limited consumer awareness and a traditional preference for fresh meat. The sub-markets of Ham & Bacon, Sausages, and Cold & Roast Meat Products are also impacted by high competition from local butchers and the lack of infrastructure for cold storage and transportation. These challenges have hindered the overall growth rate of the market.

Customer preferences: The processed meat market in Burkina Faso has seen a shift towards healthier and more sustainable options. Consumers are increasingly seeking out organic and ethically sourced processed meats, driven by a growing awareness of the environmental and health impacts of conventional meat production. This trend is also influenced by a rise in vegetarian and flexitarian diets, as well as a desire for clean label products with fewer additives and preservatives. Additionally, there has been a growing demand for plant-based alternatives to traditional processed meats, reflecting a shift towards more plant-based diets.

Trends in the market: In Burkina Faso, the processed meat market is experiencing a shift towards healthier options, as consumers become more health-conscious. This trend is driven by rising concerns over the negative health effects of processed meats, such as increased risk of cardiovascular diseases. As a result, there has been an increase in demand for plant-based alternatives and products made with natural ingredients. This trend is expected to continue, with industry stakeholders investing in research and development of new, healthier products to meet consumer demand. Additionally, there is a growing focus on sustainable and ethical practices in the processed meat industry, as consumers become more aware of the environmental and social impacts of meat production. This trend is likely to shape the future of the market, with industry players adopting sustainable practices and marketing their products as environmentally-friendly.

Local special circumstances: In Burkina Faso, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's traditional food culture, where meat is a staple in many dishes. This has led to a strong demand for processed meats, such as sausages and cured meats, which are seen as convenient and affordable options for consumers. Additionally, the country's growing urban population and increasing disposable income have also contributed to the growth of the processed meat market. However, the market is also facing challenges due to strict regulations on food safety and hygiene, which can impact the availability of certain types of processed meats.

Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Burkina Faso is influenced by macroeconomic factors such as consumer purchasing power, inflation rates, and government regulations. As an emerging economy, Burkina Faso is experiencing rapid economic growth, which is expected to drive the demand for processed meat products. Furthermore, the country's increasing population and urbanization rates are creating a favorable market for processed meat, with more consumers seeking convenient and ready-to-eat options. However, challenges such as high import costs and limited domestic production capacity may hinder market growth in the short term.

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.