Definition:
This market consists of all types of bottled fruit and vegetable juices which contain 100% fruit and/or vegetable juice. These juices can be directly pressed or from concentrate. Not included are fruit nectars or other drinks which do not have 100% fruit juice content. Fruit nectars with limited fruit content and juice-based soft drinks are not included here.
Structure:
The market consists of 6 markets:
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.
The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.
Key players include The Coca-Cola Company (e.g. Innocent), PepsiCo (e.g. Tropicana), Minute Maid, and Del Monte.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: Mar 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: May 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Juices market in Burkina Faso has been experiencing significant growth in recent years. Customer preferences have shifted towards healthier beverage options, leading to an increased demand for juices. Additionally, local special circumstances and underlying macroeconomic factors have played a role in the development of the market. Customer preferences in Burkina Faso have been influenced by global trends towards healthier lifestyles. Consumers are becoming more conscious of their dietary choices and are seeking beverages that are nutritious and natural. This has led to a growing demand for juices, which are perceived as a healthier alternative to carbonated drinks. In addition, the popularity of juice detoxes and cleanses has further fueled the demand for juices in the market. Trends in the Juices market in Burkina Faso have also been shaped by local preferences and cultural factors. Burkina Faso has a rich agricultural sector, with a wide variety of fruits grown in the country. This has led to a diverse range of locally-produced juices, made from fruits such as mangoes, oranges, and pineapple. These locally-produced juices are often favored by consumers due to their freshness and authenticity. Local special circumstances have also contributed to the growth of the Juices market in Burkina Faso. The country has a young and growing population, with a significant portion of the population being under the age of 30. This demographic group is more health-conscious and willing to spend on premium products, including juices. Additionally, urbanization and the rise of modern retail channels have made juices more accessible to consumers across the country. Underlying macroeconomic factors have also played a role in the development of the Juices market in Burkina Faso. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. This has allowed consumers to spend more on discretionary items, such as juices. Furthermore, the government has implemented policies to promote the agriculture sector, which has resulted in increased fruit production and availability for juice production. In conclusion, the Juices market in Burkina Faso has experienced significant growth due to changing customer preferences towards healthier options, local special circumstances, and underlying macroeconomic factors. The demand for juices is expected to continue to rise as consumers become more health-conscious and the economy continues to grow.
Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.
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 (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level 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 Non-Alcoholic Drinks 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