Processed & Frozen Vegetables - Togo

Togo

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$10.65m in 2024. The market is expected to grow annually by 5.79% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$58bn in 2024).
In relation to total population figures, per person revenues of US$1.15 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 8.60m kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 0.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market in Togo is experiencing minimal growth due to factors such as low consumer awareness and limited access to digital technologies. Despite this, the market is expected to see steady growth with increasing demand for convenient and healthy food options.

Customer preferences: As health consciousness grows in Togo, there is a notable shift towards convenience and time-saving options in the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market. This has led to an increase in demand for pre-cut and pre-packaged vegetables, catering to busy lifestyles and smaller households. Additionally, there is a growing preference for locally sourced and organic frozen vegetables, reflecting a desire for healthier and more sustainable food options.

Trends in the market: In Togo, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is experiencing a surge in demand due to the growing trend of convenience and healthy eating. With busy lifestyles and increasing health awareness, consumers are opting for processed and frozen vegetables as a convenient and nutritious option. This trend is expected to continue, with a projected growth of 5.2% in the global frozen vegetables market by 2025. This presents opportunities for industry stakeholders to innovate and expand their product offerings to cater to this evolving market. Additionally, with advancements in technology and logistics, the industry is also witnessing an increase in exports, opening up new markets and revenue streams for businesses.

Local special circumstances: In Togo, the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is heavily influenced by the country's climate and terrain. Due to the hot and humid weather, fresh vegetables have a shorter shelf life, making processed and frozen options more appealing. Additionally, the cultural preference for stews and soups, which require longer cooking times, also drives the demand for frozen vegetables. The government's focus on agriculture for economic growth has also led to the development of frozen food processing facilities, further boosting the market.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The market is also impacted by other relevant financial indicators such as consumer spending and disposable income. Countries with stable economic conditions and favorable fiscal policies are expected to experience higher growth in the market. Additionally, the increasing demand for convenience and healthy food options is driving the growth of the Processed & Frozen Vegetables Market, making it a lucrative market for investments and expansion.

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.