Definition:
The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.
Structure:
The market consists of 13 different markets:
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and 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. The out-of-home revenue data is only shown as a separate box at the market level.
For more information on the displayed data, click the info button on the right side of each box.
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: Jul 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Sep 2024
Source: Statista Market Insights
The Food market in Mozambique has been experiencing steady growth, driven by factors such as increasing consumer demand for convenience foods, rising health awareness, and the availability of a variety of locally grown fruits, vegetables, and grains. However, the market's growth rate is mild due to challenges such as limited infrastructure, high import costs, and low consumer purchasing power. The sub-markets of dairy products, meat, and seafood are particularly affected by these factors.
Customer preferences: Consumers in Mozambique are increasingly prioritizing convenience and accessibility when it comes to their food choices. This has led to a rise in demand for online food delivery services and meal kit subscriptions. Additionally, there has been a growing interest in healthier and sustainable food options, with consumers placing a greater emphasis on locally sourced and organic products. This trend is driven by a desire for healthier eating habits and a growing awareness of the environmental impact of food production.
Trends in the market: In Mozambique, The Food market industry is experiencing a shift towards sustainable and locally-sourced food products. This trend is driven by consumer demand for healthy and environmentally-friendly options. As a result, there has been an increase in organic and fair trade food options in the market. This trend is expected to continue, with more companies investing in sustainable practices and government policies promoting local agriculture. This trajectory presents opportunities for industry stakeholders to tap into the growing demand for ethical and healthy food options in Mozambique.
Local special circumstances: In Mozambique, The Food market is heavily influenced by the country's coastal location and diverse cultural influences. Due to its proximity to the Indian Ocean, seafood plays a significant role in the local diet, with grilled prawns being a popular street food. Additionally, the country's Portuguese colonial past has left a lasting impact on its cuisine, with dishes like peri-peri chicken and matapa (a stew made with cassava leaves) being staples. The regulatory environment also plays a role, with the government recently implementing policies to promote local food production and support small-scale farmers. These unique factors contribute to the dynamic and diverse food market in Mozambique.
Underlying macroeconomic factors: The performance of The Food market in Mozambique is heavily influenced by macroeconomic factors such as global economic trends, the country's economic health, fiscal policies, and other relevant financial indicators. With a growing economy and favorable regulatory environment, Mozambique is experiencing a rapid increase in demand for food products. Additionally, the country's rising population and increasing urbanization are contributing to the growth of The Food market, as consumers seek convenient and affordable food options. However, challenges such as inflation, currency fluctuations, and limited infrastructure development remain barriers to market expansion.
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