Food - Niger | Statista Market Forecast

Food - Niger

Niger

Highlights

Revenue in the Food market amounts to US$6.52bn in 2024. The market is expected to grow annually by 7.75% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$1.27bn in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$230.80 are generated in 2024.
In the Food market, 1.1% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 2.68bn kg by 2029. The Food market is expected to show a volume growth of 6.2% in 2025.0.
The average volume per person in the Food market is expected to amount to 72.61kg in 2024.

Key regions:

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:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

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.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Niger is experiencing minimal growth, influenced by factors such as limited access to technology, low consumer health awareness, and a lack of convenient online services. Despite this, the market is seeing growth in sub-markets such as Dairy Products & Eggs and Meat, as well as an increasing demand for locally sourced produce such as Fruits & Nuts and Vegetables. However, challenges in transportation and infrastructure are hindering the growth rate of the overall market.

Customer preferences: Consumer preferences in The Food market of Niger have been shifting towards more convenience and health-conscious options. With the rise in awareness about healthy eating, there has been a surge in demand for organic and locally sourced ingredients. Additionally, the trend of online grocery shopping has gained momentum, providing consumers with the convenience of doorstep delivery and contactless transactions. This shift towards digital shopping is also driven by the need for safety and social distancing measures due to the pandemic.

Trends in the market: In Niger, The Food market industry is seeing a rise in online grocery shopping and delivery services, as more consumers are turning to e-commerce for their food needs. This trend is expected to continue, with a projected growth of 20% in the next five years. This shift towards online platforms is significant as it allows for easier access to a wider range of products and offers convenience for consumers. For industry stakeholders, this trend presents opportunities for expansion and increased revenue. However, it also brings challenges such as ensuring efficient supply chain management and adapting to changing consumer preferences. Overall, the trajectory of this trend is expected to have a positive impact on The Food market industry in Niger.

Local special circumstances: In Niger, The Food market is heavily influenced by the country's geographical and cultural factors. Due to its largely rural population and limited access to healthcare facilities, Niger has seen a rise in demand for locally produced and affordable food products. Additionally, the country's unique culinary traditions and dietary preferences have shaped the local food market, with a strong emphasis on locally sourced ingredients and traditional cooking methods. The regulatory landscape in Niger also plays a significant role in The Food market, with government policies aimed at promoting and protecting local food producers, leading to an increase in domestic food production and consumption.

Underlying macroeconomic factors: The Food market market in Niger is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The market is impacted by fluctuations in global food prices, as well as the country's own economic stability and government policies. Economic growth and stability can drive consumer purchasing power, while fiscal policies such as taxes and subsidies can impact production costs and prices. Additionally, the country's dependence on agriculture and vulnerability to climate change can also have a significant impact on The Food market market.

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.