Definition:
The Spices and Culinary Herbs market covers salt, dried seeds, fruits, etc. that are added to food to modify the taste, scent, and color. Examples of culinary herbs include pepper, chilis, curry, parsley, rosemary, and thyme.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.
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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: Sep 2024
Source: Statista Market Insights
The Spices & Culinary Herbs Market in Central Africa is experiencing subdued growth, impacted by factors such as low consumer awareness and limited online shopping options. Despite the convenience of online services, the market's growth rate remains stagnant.
Customer preferences: As consumers in Central Africa become more health-conscious, there is a growing demand for natural and organic spices and culinary herbs in the Sauces & Spices Market. This trend is driven by a shift towards healthier and more sustainable food choices, as well as an increasing awareness of the health benefits of using herbs and spices in cooking. Additionally, with a growing interest in global cuisines and cultural exchange, there is a rising demand for exotic spices and herbs from Central Africa in the international market.
Trends in the market: In Central Africa, the Spices & Culinary Herbs Market within the Sauces & Spices Market is witnessing a rise in demand for organic and locally sourced ingredients. This trend is driven by consumers' increasing awareness of health and sustainability, as well as the rise of farmers' cooperatives and small-scale producers. This trajectory is significant as it promotes economic development and supports traditional farming practices in the region. Industry stakeholders should consider investing in sustainable sourcing and marketing strategies to cater to this growing demand for ethically produced spices and herbs.
Local special circumstances: In Central Africa, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is heavily influenced by the region's rich biodiversity and cultural traditions. The use of traditional herbs and spices in local cuisines has created a demand for unique and high-quality spices in the market. Additionally, regulatory policies and limited infrastructure pose challenges for market players, but also create opportunities for locally sourced and produced spices to thrive.
Underlying macroeconomic factors: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is significantly impacted by macroeconomic factors such as consumer purchasing power, economic growth, and government policies. Countries with stable economic conditions and higher levels of disposable income tend to have a higher demand for spices and culinary herbs, as consumers have more disposable income to spend on premium food products. In addition, government policies that promote the growth of the food industry and support trade can also have a positive impact on the market. On the other hand, economic downturns or political instability can lead to a decrease in consumer spending and negatively affect the demand for spices and culinary herbs.
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