Processed Meat - Burundi

Burundi

Revenue in the Processed Meat market amounts to US$71.37m in 2024. The market is expected to grow annually by 6.85% (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$5.25 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 14.76m kg by 2029. The Processed Meat market is expected to show a volume growth of 1.2% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 1.0kg in 2024.

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

Market

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Analyst Opinion

The Processed Meat Market in Burundi has seen minimal growth due to factors such as low consumer awareness and limited availability of online services. However, increased demand for convenience and changing dietary preferences may drive growth in sub-markets such as Ham & Bacon, Sausages, and Cold & Roast Meat Products. Additional challenges include supply chain disruptions and high production costs.

Customer preferences: With the rise of health consciousness and increasing concerns over food safety, consumers in Burundi are gravitating towards processed meat products that offer healthier and natural alternatives. This trend is driven by an increasing demand for organic and locally-sourced ingredients, as well as a preference for minimally processed options. In addition, there is a growing interest in meat substitutes and plant-based alternatives, as more consumers are adopting flexitarian or vegetarian diets for health and environmental reasons. As a result, there is a growing market for processed meat products that cater to these evolving consumer preferences.

Trends in the market: In Burundi, the Processed Meat Market within The Food market is experiencing a shift towards healthier and sustainable options. Consumers are demanding more plant-based alternatives, as well as ethically-sourced and organic meat products. This trend is expected to continue, driven by increasing health and environmental concerns. As a result, industry stakeholders must adapt their offerings to meet these changing consumer preferences in order to remain competitive in the market. Additionally, there is a growing demand for locally-sourced and traceable meat products, highlighting the importance of transparency and ethical practices in the market. Companies that are able to capitalize on these trends and provide innovative and sustainable solutions will have a competitive advantage in the Processed Meat Market of the Meat Market within The Food market in Burundi.

Local special circumstances: In Burundi, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's unique geographical and cultural factors. Due to its landlocked location, Burundi relies heavily on imported meat products, leading to a limited availability and higher prices. Additionally, cultural preferences for certain types of meat, such as goat and pork, also impact the market. Strict government regulations on food safety and hygiene also play a significant role in shaping the dynamics of the market.

Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Burundi is influenced by various macroeconomic factors. The country's national economic health, fiscal policies, and global economic trends impact the market's performance. Burundi's GDP growth rate has been slow in recent years, which may affect consumer spending and demand for processed meat products. The country's high inflation rate and political instability can also have an adverse effect on the market. On the other hand, the increasing urbanization and rising disposable incomes in Burundi may create opportunities for market growth. Furthermore, the growing population and changing dietary preferences towards convenience foods are driving the demand for processed meat in the country.

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.