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 Niger is experiencing minimal growth, impacted by factors such as lack of infrastructure and limited access to technology. Despite this, the market is driven by increasing demand for traditional spices and herbs in local cuisine. Convenience and health benefits are also contributing to market growth.
Customer preferences: As consumers in Niger become more health-conscious, there is a growing demand for organic and natural spices and culinary herbs. This trend is influenced by the country's traditional cuisine, which heavily relies on flavorful herbs and spices for seasoning. Additionally, with the rise in disposable income and growing interest in global cuisines, there is a growing preference for exotic spices and herbs, such as saffron and turmeric. This has led to an increase in imports of these ingredients, resulting in a more diverse and robust market for spices and culinary herbs in Niger.
Trends in the market: In Niger, the Spices & Culinary Herbs Market within the Sauces & Spices Market is experiencing a growing trend of incorporating traditional African spices into international dishes, as well as a demand for organic and sustainably-sourced spices. This trend is significant as it highlights the increasing popularity of African cuisine and the importance of ethical sourcing in the food industry. It also presents opportunities for industry stakeholders to expand their product offerings and cater to the growing demand for unique and sustainable spices in the global market.
Local special circumstances: In Niger, the Spices & Culinary Herbs Market is greatly influenced by traditional cooking methods and local cultural preferences. Nigerians have a strong preference for fresh, locally sourced spices and herbs, leading to a thriving market for small-scale farmers. Additionally, the country has a unique climate and soil composition, allowing for the growth of a wide variety of spices and herbs that are in high demand both domestically and internationally. The market is also influenced by government policies promoting local agriculture and exports, making it an attractive market for international spice and herb companies.
Underlying macroeconomic factors: The Spices & Culinary Herbs Market within the Sauces & Spices Market is heavily influenced by macroeconomic factors in Niger. The country's economy is largely dependent on agriculture, with spices and culinary herbs being significant exports. This market is also impacted by global economic trends, as demand for these products is driven by international food trends. Additionally, national economic health and fiscal policies play a crucial role, as they affect consumer purchasing power and overall demand for food products. Other relevant financial indicators, such as inflation and currency exchange rates, also impact market performance. Overall, the market in Niger is expected to experience steady growth due to favorable economic conditions and increasing demand for spices and culinary herbs in both domestic and international markets.
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