Spreads & Sweeteners - Bosnia and Herzegovina

Bosnia and Herzegovina

Highlights

Revenue in the Spreads & Sweeteners market amounts to US$66.47m in 2024. The market is expected to grow annually by 3.89% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$144bn in 2024).
In relation to total population figures, per person revenues of US$20.81 are generated in 2024.
In the Spreads & Sweeteners market, volume is expected to amount to 20.57m kg by 2029. The Spreads & Sweeteners market is expected to show a volume growth of 1.2% in 2025.0.
The average volume per person in the Spreads & Sweeteners market is expected to amount to 6.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Spreads & Sweeteners Market in Bosnia and Herzegovina has been experiencing slow growth, influenced by factors such as low consumer awareness, limited availability of digital technologies, and preference for traditional sweeteners. Despite the convenience of online services, the market is hindered by the dominance of local products and traditional consumption habits. This has resulted in a negligible growth rate for the market.

Customer preferences: Consumers in Bosnia and Herzegovina are showing a growing interest in healthier and more natural options when it comes to spreads and sweeteners. This trend is driven by a general increase in health consciousness and a desire for clean label products. As a result, there has been a rise in demand for organic and all-natural spreads and sweeteners, as well as alternative sweeteners such as stevia and monk fruit. This shift towards healthier options is also influenced by the cultural preference for traditional, homemade products in the region.

Trends in the market: In Bosnia and Herzegovina, the Spreads & Sweeteners Market within The Food market is experiencing an increase in demand for healthier and natural alternatives. Consumers are becoming more health-conscious and are seeking products with natural ingredients, leading to a rise in the use of natural sweeteners like honey and stevia. Additionally, there is a growing trend of incorporating spreads made from nuts and fruits, such as almond butter and fruit preserves. This trend towards healthier options presents opportunities for industry stakeholders to tap into this market and cater to the changing consumer preferences. As a result, we can expect to see an expansion in the production and availability of these products in the market.

Local special circumstances: In Bosnia and Herzegovina, the Spreads & Sweeteners Market within The Food market is heavily influenced by cultural factors. Traditional dishes and sweets are an integral part of the country's cuisine, leading to a high demand for local spreads and sweeteners. Additionally, the market is also affected by the country's complex regulatory environment, which requires strict labeling and certification processes for food products. These unique factors contribute to the market's dynamics, shaping consumer preferences and driving innovation in the industry.

Underlying macroeconomic factors: The Spreads & Sweeteners Market within The Food market in Bosnia and Herzegovina is impacted by macroeconomic factors such as consumer spending power, inflation rates, and government regulations. As the country continues to rebuild its economy, the demand for affordable and accessible food products like spreads and sweeteners is expected to rise. Additionally, global economic trends such as the increasing demand for healthy and natural food products also influence the market, leading to a shift towards organic and low-sugar spreads and sweeteners. Furthermore, government initiatives promoting healthy eating habits and reducing sugar intake are also shaping the market, with consumers becoming more conscious of their food choices.

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.