Definition:
The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.
Structure:
The market consists of 13 different markets:
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and 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. The out-of-home revenue data is only shown as a separate box at the market level.
For more information on the displayed data, click the info button on the right side of each box.
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: Jul 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Sep 2024
Source: Statista Market Insights
The Food market in Uganda is currently experiencing subdued growth due to several factors. These include low consumer awareness of digital technologies, limited access to online food services, and challenges in distribution and logistics. Additionally, the high cost of importing and producing food products, coupled with the reliance on traditional farming methods, also hinders the market's growth. However, the increasing demand for convenience food and rising health awareness among consumers could drive future growth in the sub-markets of Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, Vegetables, Bread & Cereal Products, Oils & Fats, Sauces & Spices, Spreads & Sweeteners, Confectionery & Snacks, Baby Food, Pet Food, Processed Vegetables, Fruit & Potatoes, and Pasta & Rice.
Customer preferences: There has been a noticeable increase in demand for locally-sourced and organic food products in Uganda, as consumers become more health-conscious and environmentally aware. This trend is driven by a growing appreciation for traditional and sustainable farming practices, as well as a desire for fresher and more nutritious options. Additionally, there has been a shift towards convenience and accessibility, with a rise in online food delivery services and meal kits offering pre-portioned and ready-to-cook ingredients. This trend is particularly prevalent among urban consumers with busy lifestyles, as well as the younger generation who value convenience and customization.
Trends in the market: In Uganda, The Food market industry is experiencing a surge in demand for organic and sustainable food products. This trend is driven by a growing awareness of the health and environmental benefits of such products. Farmers are increasingly adopting sustainable practices, and consumers are willing to pay a premium for these products. This trend is expected to continue, as the government is also promoting sustainable agriculture. However, there may be challenges in meeting the increasing demand, such as limited resources and infrastructure. Industry stakeholders must continue to invest in sustainable practices and infrastructure to capitalize on this trend and meet the growing demand.
Local special circumstances: In Uganda, The Food market is heavily influenced by the country's agricultural sector, with the majority of the population engaged in farming activities. This results in a diverse range of locally sourced produce, leading to a unique and vibrant food culture. Additionally, government regulations on imports and exports, along with the country's landlocked position, contribute to the market dynamics. The local demand for organic and sustainable food products is also on the rise, driving the growth of small-scale farmers and promoting a more environmentally friendly approach to food production.
Underlying macroeconomic factors: The Food market in Uganda is significantly influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. The overall economic health of Uganda, including its GDP growth, inflation rates, and exchange rates, plays a crucial role in shaping the performance of The Food market. Additionally, fiscal policies such as taxes, subsidies, and import/export regulations impact production costs, supply chain dynamics, and consumer purchasing power. Moreover, global economic trends, such as trade agreements, commodity prices, and currency exchange rates, can also have a significant impact on The Food market in Uganda.
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