Definition:
The Processed Meat market covers all types of meats that have either been smoked, salted, cured, or given chemical preservatives. The market is splitted into three submarkets: ham & bacon, sausages, and cold & roast meat products.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Processed Meat Market in Central Africa is experiencing minimal growth due to various factors such as changing consumer preferences, health concerns, and economic pressures. Despite the convenience and availability of Ham & Bacon, Sausages, and Cold & Roast Meat Products, the market is facing challenges due to increasing competition and stricter regulations. The slow growth can also be attributed to the overall economic slowdown in the region.
Customer preferences: Consumer preferences in the Processed Meat Market of the Meat Market within The Food market in Central Africa are increasingly leaning towards healthier and more sustainable options. This is driven by a growing awareness of the negative impact of excessive meat consumption on health and the environment. As a result, there has been a rise in demand for plant-based meat substitutes and ethically-sourced meats. This trend is also influenced by the cultural significance of certain animals and the rise of the flexitarian and vegetarian diets in the region.
Trends in the market: In Central Africa, the Processed Meat market is experiencing a surge in demand as consumers increasingly seek convenient and affordable protein sources. This trend is expected to continue as urbanization and disposable incomes rise. Additionally, there is a growing demand for halal and organic processed meat products. This presents opportunities for industry stakeholders to expand their product offerings and cater to evolving consumer preferences. However, the use of preservatives and additives in processed meat has raised health concerns, leading to a shift towards healthier and cleaner options. As a result, companies are investing in research and development to meet these changing demands and maintain a competitive edge in the market.
Local special circumstances: In Central Africa, the Processed Meat Market of the Meat Market within The Food market is influenced by geographical factors such as limited access to refrigeration and transportation infrastructure. This has resulted in a high demand for shelf-stable and cured meat products. Additionally, cultural preferences for certain types of processed meat, such as dried and smoked meats, have shaped the market dynamics. Regulatory factors, such as import restrictions and food safety regulations, also play a significant role in shaping the market. These unique local factors differentiate the Central African market from others, impacting the types of processed meat products available and the distribution channels utilized.
Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. For instance, countries with a stable economic environment and strong investment in the food industry are experiencing higher growth in their processed meat market. On the other hand, regions with economic instability and limited investments in the food sector are facing challenges in the growth of the processed meat market. Moreover, the increasing demand for processed meat products is driven by the growing population, urbanization, and changing consumer preferences in Central Africa.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights