Sweeteners - Niger | Statista Market Forecast

The Sweeteners Market in Niger is experiencing mild growth, influenced by factors such as increasing health consciousness among consumers, availability of a variety of options including honey, sugar and artificial sweeteners, and the convenience of online purchasing. This growth is expected to continue as The Food market in Niger continues to expand.

Customer preferences: As consumers become more health-conscious, there has been a growing preference for natural and organic sweeteners in the Sweeteners Market of the Spreads & Sweeteners Market within The Food market. This shift is influenced by the increasing awareness of the negative effects of artificial sweeteners. Additionally, there has been a rise in demand for low-calorie and sugar-free options, as individuals look for healthier alternatives to traditional spreads and sweeteners. This trend is expected to continue as more consumers prioritize their health and wellness.

Trends in the market: In Niger, the Sweeteners Market within the Spreads & Sweeteners Market is experiencing a shift towards natural and organic sweeteners, as consumers become more health-conscious. This trend is driven by the increasing demand for clean label products and the growing popularity of natural, plant-based diets. As a result, manufacturers are diversifying their product offerings and incorporating alternative sweeteners like stevia and monk fruit into their spreads and sweeteners. This trend is expected to continue, as consumers seek out healthier and more sustainable options, and presents opportunities for industry stakeholders to tap into this growing market segment.

Local special circumstances: In Niger, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's predominantly rural population and limited access to modern food processing technologies. This has resulted in a reliance on traditional sweeteners, such as honey and date syrup, as well as a growing demand for natural sweeteners due to cultural preferences. Additionally, strict regulations on the use of artificial sweeteners have also impacted market dynamics, leading to a focus on locally sourced and produced sweeteners.

Underlying macroeconomic factors: The performance of the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily impacted by macroeconomic factors such as global economic conditions, national economic stability, fiscal policies, and other financial indicators. Countries with strong economic growth and stable fiscal policies are experiencing higher demand for sweeteners, as consumers have more disposable income to spend on food products. On the other hand, regions with economic challenges and unstable fiscal policies may see a decline in market growth due to reduced consumer spending. Additionally, the increasing prevalence of health consciousness and dietary restrictions among consumers is driving the demand for natural and low-calorie sweeteners, which is further influenced by regulatory support and investments in the food industry.

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.