Key regions: Canada, Japan, United Kingdom, South Korea, United States
The Butter Market in the Oils & Fats sector within The Food market in Burundi is experiencing subdued growth, influenced by factors such as changing dietary preferences, limited production capacity, and competition from alternative spreads, affecting overall market dynamics.
Customer preferences: In Burundi, consumers are increasingly gravitating towards healthier and more diverse dietary options, prompting a notable shift in the butter market. This trend is characterized by a growing preference for plant-based spreads and low-fat alternatives, influenced by a rising awareness of health and wellness. Additionally, younger demographics are embracing international culinary influences, leading to a decline in traditional butter consumption. As lifestyles become busier, convenience products are gaining traction, prompting manufacturers to innovate and diversify their offerings to meet evolving consumer demands.
Trends in the market: In Burundi, the butter market is experiencing a significant shift towards healthier alternatives, with a marked increase in demand for plant-based spreads and low-fat options. This trend is largely driven by a growing health consciousness among consumers, especially younger generations who are embracing diverse international cuisines. As traditional butter consumption declines, convenience products are becoming more popular, prompting manufacturers to innovate and diversify their product lines. This evolution presents both challenges and opportunities for industry stakeholders, as they must adapt to changing consumer preferences and invest in new product development to remain competitive.
Local special circumstances: In Burundi, the butter market is shaped by unique local factors, including the country’s agricultural landscape and traditional culinary practices. The predominance of smallholder farming means that dairy production is often limited and influenced by seasonal variations, affecting supply consistency. Culturally, there is a strong emphasis on communal meals, which impacts butter consumption patterns, as families often prefer shared dishes. Regulatory frameworks promoting nutritional education are also emerging, encouraging healthier dietary choices, which further drives the shift towards plant-based alternatives and innovative spreads.
Underlying macroeconomic factors: The butter market in Burundi is significantly influenced by macroeconomic factors such as agricultural productivity, national economic stability, and global commodity prices. Fluctuations in international dairy prices can impact local production costs and consumer prices, affecting demand. Additionally, Burundi's economic health, characterized by its GDP growth rate and inflation levels, plays a crucial role in consumer purchasing power. Government fiscal policies aimed at enhancing agricultural investment and infrastructure development can improve dairy production efficiency. Furthermore, shifts in global dietary trends towards healthier fats are prompting local producers to innovate, adapting to changing consumer preferences and expanding the market for alternative spreads.
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.
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