Processed Meat - Gabon

Gabon

Revenue in the Processed Meat market amounts to US$125.70m in 2024. The market is expected to grow annually by 3.58% (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$50.59 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 14.14m kg by 2029. The Processed Meat market is expected to show a volume growth of 0.5% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 5.3kg in 2024.

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

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Analyst Opinion

The Processed Meat Market in Gabon is facing stagnant growth, due to factors such as shifting consumer preferences towards healthier food options, increasing concerns about the environmental impact of meat production, and the rise of alternative protein sources. This has led to a slow growth rate in sub-markets such as Ham & Bacon, Sausages, and Cold & Roast Meat Products, as consumers opt for more sustainable and plant-based alternatives. Additionally, government regulations and health campaigns promoting reduced meat consumption have also contributed to the negligible growth in this market.

Customer preferences: Consumers in Gabon are increasingly turning to plant-based and vegetarian options in the processed meat market, driven by health and environmental concerns. This trend is further fueled by the growing popularity of flexitarian and vegan diets, as well as the rise of ethical consumerism. Additionally, the demand for locally sourced and organic processed meats is on the rise, as consumers become more conscious of the source and production methods of their food. This shift reflects a larger global trend towards healthier and more sustainable food choices.

Trends in the market: In Gabon, the Processed Meat market is seeing a shift towards healthier options, with consumers becoming more health-conscious and opting for products with less sodium and preservatives. This trend is driven by a growing awareness of the health risks associated with excessive consumption of processed meat. As a result, companies are investing in research and development to create healthier alternatives. This trend is significant as it presents opportunities for growth and innovation in the market. However, it also poses challenges for industry stakeholders to adapt their processes and offerings to meet the changing demands of consumers.

Local special circumstances: In Gabon, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's reliance on imported products. Despite being a major producer of oil and timber, Gabon lacks a strong domestic meat industry, leading to a high demand for processed meat products from other countries. Additionally, cultural preferences for processed meat, such as canned corned beef, further drive market growth. However, strict regulations on imported meat products pose a challenge for suppliers, making it important for companies to navigate the unique regulatory landscape in order to succeed in this market.

Underlying macroeconomic factors: The Processed Meat Market within the Meat Market of The Food market in Gabon is influenced by several macroeconomic factors. The global economic climate, national economic stability, fiscal policies, and other financial indicators all play a role in shaping the market's performance. For instance, countries with stable economies and supportive regulatory environments tend to experience faster market growth compared to those with economic challenges and limited regulatory support. Additionally, the rising prevalence of chronic diseases and aging population in many regions is fueling the demand for processed meat products, as they are seen as convenient and affordable sources of protein.

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.