Processed Meat - Mozambique

Mozambique

Revenue in the Processed Meat market amounts to US$279.10m in 2024. The market is expected to grow annually by 9.19% (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$8.01 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 61.51m kg by 2029. The Processed Meat market is expected to show a volume growth of 2.8% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 1.5kg in 2024.

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

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Analyst Opinion

The Processed Meat Market in Mozambique has been experiencing subdued growth, influenced by various factors such as low consumer awareness, limited access to digital technologies, and traditional food preferences. Despite the slower growth rate, the market for Ham & Bacon, Sausages and Cold & Roast Meat Products continues to expand due to the convenience and affordability they offer. However, challenges such as food safety concerns and competition from other protein sources may hinder the overall growth of the market in Mozambique.

Customer preferences: As consumers become more health-conscious, there is a growing demand for processed meat alternatives made from plant-based proteins. This trend is driven by the increasing awareness of the negative health effects of consuming large quantities of red meat. Additionally, there is a growing segment of the population that follows vegetarian or vegan diets, further fueling the demand for plant-based meat options. This shift towards plant-based processed meats is also influenced by cultural beliefs and values surrounding animal welfare and environmental sustainability.

Trends in the market: In Mozambique, the Processed Meat market is experiencing a surge in demand for healthier and more sustainable options. This trend is driven by a growing awareness of the negative health and environmental impacts of traditional meat products. The trajectory of this trend is expected to continue, as consumers prioritize ethically sourced and plant-based alternatives. This shift has significant implications for industry stakeholders, who must adapt their production and marketing strategies to meet changing consumer preferences. In response, some companies are investing in innovative technologies and partnerships to develop and promote more sustainable processed meat options.

Local special circumstances: In Mozambique, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's geography and cultural preferences. Due to its coastal location, seafood is a popular protein source, leading to a smaller demand for processed meats. Additionally, traditional cooking methods and spices are integral to Mozambican cuisine, making it challenging for processed meat products to compete with local dishes. Government regulations also play a significant role in limiting the import and production of processed meats in the country, further impacting market dynamics.

Underlying macroeconomic factors: The processed meat market within the larger meat market of the food industry in Mozambique is influenced by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other financial indicators that impact market performance. For instance, countries with a stable and growing economy, as well as favorable fiscal policies, are likely to experience higher demand for processed meat products. On the other hand, regions with economic instability and weak fiscal policies may see slower growth in the processed meat market. Furthermore, factors such as population growth, urbanization, and changing dietary preferences also play a role in shaping the demand for processed meat products in Mozambique.

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.