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Spreads & Sweeteners - Uganda

Uganda
  • Revenue in the Spreads & Sweeteners market amounts to US$318.00m in 2024. The market is expected to grow annually by 9.71% (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$6.37 are generated in 2024.
  • In the Spreads & Sweeteners market, volume is expected to amount to 151.90m kg by 2029. The Spreads & Sweeteners market is expected to show a volume growth of 5.2% in 2025.0.
  • The average volume per person in the Spreads & Sweeteners market is expected to amount to 2.4kg in 2024.

Definition:

The Spreads and Sweeteners market covers spread products that are semi-solid or creamy in texture and are usually spread over other foods. This market also considers sweeteners that are typically ingredients added to foods or beverages to give it a sweet flavor.

Structure

The market consists of two different submarkets:

  • The Spread market covers products that are semi-solid or creamy in texture and are usually spread over other foods. This market is divided into three submarkets: chocolate spreads, jam & marmalades, and peanut butter.
  • The Sweeteners market covers ingredients added to foods or beverages to give them a sweet flavor. This market is divided into three submarkets: artificial sweeteners, honey, sugar.

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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Jams & Marmalades, Jellies
  • Chocolate Spreads
  • Peanut Butter
  • Sugar
  • Honey and artificial sweeteners

Out-Of-Scope

  • Other bread spreads
  • Syrups
  • Out-of-home consumption
Spreads & Sweeteners: market data & analysis - Cover

Market Insights report

Spreads & Sweeteners: market data & analysis

Study Details

    Revenue

    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

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Spreads & Sweeteners Market in Uganda is experiencing subdued growth, impacted by factors such as limited consumer awareness and availability of traditional alternatives. However, with increasing adoption of digital technologies, this market is poised for significant growth, driven by convenience and health consciousness among consumers.

    Customer preferences:
    Consumers in Uganda are increasingly looking for healthier food options, leading to a rise in demand for natural and organic spreads and sweeteners. This trend is driven by a growing awareness of the negative health effects of processed foods and a desire for clean label products. Additionally, with a young and tech-savvy population, there is a growing demand for online shopping and delivery services for these products, further fueling the growth of this market segment.

    Trends in the market:
    In Uganda, the Spreads & Sweeteners Market within The Food market industry is experiencing a rise in demand for healthier and natural sweeteners. This trend is driven by increasing health consciousness among consumers and a growing preference for natural and organic products. With a focus on sustainable sourcing and production, companies are introducing new products such as honey and agave nectar to cater to this demand. This trend is expected to continue in the future and presents opportunities for industry stakeholders to tap into the growing market for healthier alternatives.

    Local special circumstances:
    In Uganda, the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's tropical climate and agricultural landscape. The availability of abundant natural resources such as sugar cane and cocoa beans has led to a thriving local production of sweeteners and spreads. Additionally, traditional cultural practices and preferences for certain flavors and ingredients also shape consumer demand. Government regulations on import and export also play a role in shaping the market, as the country aims to protect and promote local industries.

    Underlying macroeconomic factors:
    The Spreads & Sweeteners Market within The Food market in Uganda is influenced by macroeconomic factors such as economic stability, government policies, and consumer spending habits. Countries with stable economies and favorable policies tend to have higher growth rates in this market compared to regions with economic challenges and restrictive policies. Additionally, the increasing demand for healthier food options and the growing middle-class population in Uganda are driving the demand for spreads and sweeteners in the country. These factors, along with global economic trends and investments in the food industry, are expected to contribute to the growth of the market in the coming years.

    Methodology

    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.

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    Spreads & Sweeteners: market data & analysis - BackgroundSpreads & Sweeteners: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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