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 Chad is experiencing minimal growth, influenced by factors such as low consumer awareness of health risks, limited access to digital technologies, and preference for traditional meat products. Despite this, the market is expected to see some growth due to the rising demand for convenience and changing dietary habits.
Customer preferences: Consumers in Chad are becoming more health-conscious, leading to a shift towards healthier processed meat options such as leaner cuts and plant-based alternatives. This trend is driven by a growing awareness of the negative health impacts of processed meats, as well as a desire for more sustainable and ethical food choices. Additionally, the increasing urbanization and westernization in Chad has also influenced consumer preferences, with a rise in demand for convenience and on-the-go options in the processed meat market.
Trends in the market: In Chad, the Processed Meat Market is experiencing a trend towards healthier and more sustainable options. Consumers are increasingly demanding products that are free from preservatives and additives, and are turning to locally sourced, organic meat. This trend is expected to continue as more consumers become aware of the negative health and environmental impacts of processed meat. Industry stakeholders will need to adapt to meet this demand, potentially by diversifying their product offerings and investing in sustainable production methods. This shift towards healthier and more sustainable options in the Processed Meat Market will also have implications for the wider Meat Market and Food Market, as consumers become more conscious of their food choices.
Local special circumstances: In Chad, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's geographic location and cultural preferences. Due to its landlocked status and limited access to transportation, the market is dominated by locally produced meats. Additionally, the country's Muslim population, who make up the majority, have strict dietary restrictions, leading to a high demand for halal-certified processed meat products. Furthermore, the government's strict regulations on food imports play a significant role in shaping the market, with limited options for foreign processed meat brands.
Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market is heavily influenced by macroeconomic factors such as consumer purchasing power, global economic conditions, and government regulations. In Chad, for example, the market is largely affected by the country's unstable economic climate and limited consumer spending. Additionally, the government's strict regulations on food imports and exports impact the availability and pricing of processed meat products. Furthermore, the ongoing COVID-19 pandemic has had a significant impact on the market, with disruptions in the supply chain and changes in consumer behavior leading to fluctuations in demand. As a result, market players must closely monitor these macroeconomic factors and adapt their strategies accordingly to remain competitive in the market.
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