Food - Republic of the Congo

Republic of the Congo

Revenue in the Food market amounts to US$2,562.00m in 2024. The market is expected to grow annually by 5.29% (CAGR 2024-2029).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$460.70m in 2024.
In global comparison, most revenue is generated in China (US$1,603bn in 2024).
In relation to total population figures, per person revenues of US$410.20 are generated in 2024.
In the Food market, 0.9% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 554.70m kg by 2029. The Food market is expected to show a volume growth of 2.1% in 2025.
The average volume per person in the Food market is expected to amount to 80.12kg in 2024.

Key regions: United States, Canada, China, India, South Korea

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

Region

Region comparison

Currency

Analyst Opinion

The Food market in Republic of the Congo is experiencing minimal growth due to various factors such as limited access to technology, low consumer health awareness, and lack of convenience in online food services. Despite this, the sub-markets of Dairy Products & Eggs and Meat, Fish & Seafood show potential for growth due to the country's agricultural resources. However, factors such as political instability and infrastructure challenges may hinder the overall market's growth rate.

Customer preferences: With the rise of health consciousness among consumers in the Republic of the Congo, there has been a noticeable shift towards healthier food options in The Food market. This trend is driven by a growing awareness of the importance of diet in maintaining overall well-being. As a result, there has been an increase in demand for organic, locally-sourced, and sustainable food products. Additionally, there has been a rise in popularity of plant-based and vegetarian diets, as well as an interest in traditional and indigenous ingredients. This change in consumer preferences is influenced by a cultural appreciation for natural and wholesome food, as well as a desire for healthier and more sustainable lifestyles.

Trends in the market: In Republic of the Congo, The Food market industry is experiencing a surge in online food delivery services, driven by the increasing use of smartphones and internet connectivity. This trend is expected to continue as consumers seek convenience and a wider variety of food options. Additionally, there is a growing demand for locally sourced, organic and sustainable food products, as consumers become more health-conscious and environmentally aware. This presents opportunities for industry stakeholders to tap into this trend and cater to the evolving needs and preferences of consumers.

Local special circumstances: In the Republic of the Congo, The Food market is heavily influenced by the country's rich agricultural resources and traditional food culture. The majority of the population relies on locally grown produce and traditional cooking methods, leading to a flourishing market for fresh, organic, and locally sourced food products. Additionally, government regulations and cultural preferences play a significant role in shaping the market, with an emphasis on promoting and preserving traditional food practices. This unique blend of factors sets The Food market in the Republic of the Congo apart from other markets, creating a distinct and dynamic market landscape.

Underlying macroeconomic factors: The performance of The Food market market in Republic of the Congo is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's economic growth, inflation rates, and exchange rates all play a significant role in determining the overall health of the market. Additionally, government policies related to trade, taxation, and investment can have a direct impact on the market. The availability of resources, such as agricultural land and labor, also contribute to the market's performance. Moreover, consumer purchasing power and spending patterns are crucial factors that determine the demand for food products in the country.

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.