Definition:
The Sweeteners market covers natural and synthetic ingredients added to food to give it a sweet flavor. Examples of natural sweeteners include sugar or honey while synthetic sweeteners include aspartame or sucralose.
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 Sweeteners Market in Central Africa is experiencing minimal growth due to factors such as increasing health awareness among consumers and convenience offered by online services. However, challenges in the sub-markets of Honey, Sugar, and Artificial Sweeteners are impacting the overall growth rate.
Customer preferences: As consumers become more health-conscious, there is a growing demand for natural and alternative sweeteners such as stevia and monk fruit. This trend is fueled by concerns over the potential health risks associated with artificial sweeteners. Additionally, there is a growing interest in low-calorie and sugar-free options, driven by the rise of diet and wellness trends. As a result, manufacturers are increasingly incorporating these alternatives into their products.
Trends in the market: In Central Africa, there is a rising demand for natural and organic sweeteners in the Spreads & Sweeteners Market within The Food market. This trend is driven by increasing health consciousness and concerns over the use of artificial sweeteners. As a result, companies are introducing new products made from natural sources such as stevia and honey. This trend is expected to continue as consumers seek healthier alternatives. However, this could also pose challenges for industry stakeholders as it may require significant investments in production and supply chain infrastructure. Additionally, there may be a need for more education and awareness initiatives to promote the benefits of these sweeteners to consumers.
Local special circumstances: In Central Africa, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily influenced by the region's tropical climate, which affects the availability and production of natural sweeteners such as honey and agave. Additionally, cultural preferences for sweet foods and beverages drive the demand for artificial sweeteners, leading to a diverse market landscape. Regulatory factors also play a role, with some countries implementing stricter regulations on the use of certain sweeteners, affecting their availability and pricing.
Underlying macroeconomic factors: The growth of the Sweeteners Market within the Spreads & Sweeteners Market in Central Africa is heavily impacted by macroeconomic factors such as overall economic stability, government policies, and investments in the food sector. Countries with stable economies and favorable government policies tend to have a more developed and competitive sweeteners market, while those with economic challenges and limited government support may struggle to see significant growth. Additionally, the increasing demand for healthier food options and the growing population in Central Africa are driving the demand for natural and alternative sweeteners, leading to further market growth.
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