Processed Meat - Suriname

Suriname

Revenue in the Processed Meat market amounts to US$6.40m in 2024. The market is expected to grow annually by 5.89% (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$10.17 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 0.79m kg by 2029. The Processed Meat market is expected to show a volume growth of 1.3% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 1.2kg in 2024.

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

Market

Region

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Currency

Analyst Opinion

The Processed Meat Market in Suriname is experiencing negligible growth due to factors such as increasing health consciousness, consumer preferences for healthier meat options, and the convenience of online meat purchases. This trend is evident in sub-markets such as Ham & Bacon, Sausages, and Cold & Roast Meat Products. However, the overall market is impacted by the limited availability of locally sourced meat and the high prices of imported meat products.

Customer preferences: Consumers in Suriname are becoming more health-conscious and are seeking processed meat options that align with their dietary preferences. As a result, there has been a growing demand for plant-based and organic processed meat products, catering to the increasing number of individuals following vegetarian and vegan diets. This shift towards healthier and more sustainable options is also influenced by the cultural preference for fresh and locally sourced ingredients, as well as the rising awareness of the environmental impact of meat consumption. Additionally, the convenience of ready-to-eat processed meat products is becoming a popular choice among busy urban consumers, leading to a rise in demand for grab-and-go options.

Trends in the market: In Suriname, the Processed Meat Market within the Meat Market is experiencing a shift towards healthier options, driven by consumer demand for natural and organic products. This trend is expected to continue, with industry players investing in research and development to create innovative products that cater to this growing segment. Additionally, there is a rising interest in plant-based and alternative protein sources, as consumers become more health-conscious and environmentally aware. This presents opportunities for industry stakeholders to diversify their product offerings and tap into this emerging market.

Local special circumstances: In Suriname, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's geographical location and cultural preferences. With a large portion of the population living in rural areas, there is a high demand for preserved and ready-to-eat meat products. Additionally, Surinamese cuisine incorporates a variety of meats, including beef, pork, and poultry, making processed meat a staple in the local diet. However, strict regulatory measures are in place to ensure the safety and quality of these products, adding to the unique dynamics of the market.

Underlying macroeconomic factors: The demand for processed meat in Suriname is heavily influenced by macroeconomic factors such as consumer spending power, population growth, and changing dietary habits. As the economy of Suriname continues to grow and consumer purchasing power increases, there is a higher demand for convenience and processed food products, including processed meat. Additionally, the growing population and urbanization in Suriname have led to a shift in dietary preferences towards a more Westernized diet, further driving the demand for processed meat products. However, factors such as government policies on import and export, inflation rates, and currency exchange rates can also have a significant impact on the overall performance of the processed meat market in Suriname.

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.