Other Sauces - Gambia

Gambia

Highlights

Revenue in the Other Sauces market amounts to US$9.42m in 2024. The market is expected to grow annually by 8.95% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$38bn in 2024).
In relation to total population figures, per person revenues of US$3.31 are generated in 2024.
In the Other Sauces market, volume is expected to amount to 4.26m kg by 2029. The Other Sauces market is expected to show a volume growth of 5.2% in 2025.0.
The average volume per person in the Other Sauces market is expected to amount to 1.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Other Sauces Market in Gambia is experiencing subdued growth due to various factors such as low consumer awareness, limited access to technology, and traditional food preferences. However, increasing demand for international cuisines and rising disposable income may contribute to its future growth.

Customer preferences: In Gambia, there is a growing demand for locally-sourced and organic ingredients, as consumers are becoming more health-conscious and environmentally aware. This has led to an increase in the production and consumption of traditional sauces made with fresh herbs and spices, rather than processed and packaged alternatives. Additionally, there is a rising interest in international flavors and fusion cuisine, as young and urban populations are exposed to diverse culinary influences.

Trends in the market: In Gambia, the Other Sauces Market of the Sauces & Spices Market within The Food market is experiencing a shift towards healthier and more diverse sauce options. This trend is driven by an increasing awareness of the health benefits of incorporating more plant-based and natural ingredients in sauces. Additionally, there is a growing demand for ethnic and exotic flavors, as well as convenience and ready-to-use products. These trends are expected to continue, presenting opportunities for industry players to innovate and cater to evolving consumer preferences.

Local special circumstances: In Gambia, the Other Sauces Market of the Sauces & Spices Market within The Food market is heavily influenced by the country's diverse cultural heritage. The traditional use of locally grown spices and herbs, such as ginger and cayenne pepper, in Gambian cuisine has led to a unique demand for spicy and flavorful sauces. Additionally, the country's small-scale agriculture sector and limited access to imported goods have created a market for homemade sauces, made with locally sourced ingredients. These factors contribute to the dynamic and distinct nature of the Other Sauces Market in Gambia.

Underlying macroeconomic factors: The Other Sauces Market within the Sauces & Spices Market is impacted by macroeconomic factors such as consumer spending patterns, trade policies, and changing dietary preferences. As the global economy continues to grow, consumers are becoming more health-conscious and seeking out healthier food options, leading to a rise in demand for natural and organic sauces. Additionally, trade policies, such as import and export regulations, can significantly impact the availability and pricing of sauces in the market. Lastly, changing dietary preferences, including a growing demand for international cuisine, are driving the demand for a variety of sauces, such as Asian, Mexican, and Mediterranean flavors.

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.