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 within The Food market in Mauritius is experiencing minimal growth due to various factors such as changing consumer preferences towards healthier options, strict regulations on meat products, and increasing competition from other protein sources. However, the sub-markets of Ham & Bacon, Sausages, and Cold & Roast Meat Products continue to drive the overall market with their convenience and taste. Despite the slow growth rate, increasing health consciousness and technological advancements in meat processing are expected to drive the market forward.
Customer preferences: Consumers in Mauritius are increasingly opting for healthier processed meat options, such as low-fat and plant-based alternatives, in response to rising health concerns. This shift towards healthier choices is also influenced by cultural preferences for fresh and natural foods. Additionally, the growing trend of flexitarianism, driven by environmental and ethical considerations, has resulted in a higher demand for meat-free alternatives among younger consumers. These changing preferences are expected to drive innovation and product diversification in the processed meat market in Mauritius.
Trends in the market: In Mauritius, the Processed Meat Market within the Meat Market of The Food market is experiencing a shift towards healthier options. This trend is driven by increasing consumer awareness of the negative health effects of processed meat consumption, leading to a rise in demand for organic and natural alternatives. Additionally, there is a growing preference for plant-based processed meat substitutes among the younger population. This trend is expected to continue in the coming years, presenting opportunities for industry stakeholders to innovate and cater to changing consumer preferences.
Local special circumstances: In Mauritius, the Processed Meat Market of the Meat Market within The Food market is influenced by the country's unique cultural and geographical factors. The island nation's diverse population, with a mix of Indian, African, Chinese, and European influences, leads to a high demand for a variety of processed meat products. Additionally, the country's strict halal certification regulations drive the market for halal processed meat products. The small size of the island also creates a demand for convenient and easy-to-prepare processed meat products, making it a highly competitive market for manufacturers.
Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Mauritius is heavily influenced by macroeconomic factors such as consumer spending patterns, government regulations, and trade policies. The country's stable economic growth, favorable tax policies, and increasing disposable income have contributed to the growing demand for processed meat products. Additionally, the rising trend of convenience and ready-to-eat meals, coupled with the growing tourism industry, has further boosted the market. However, challenges such as rising health concerns and increasing competition from alternative protein sources may hinder market growth.
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