Juices - Burundi | Statista Market Forecast

Juices - Burundi

Burundi

Highlights

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Juices market amounts to US$12.61m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$1.06m in 2024.
Revenue, combined amounts to US$13.67m in 2024.
The revenue, at home is expected to grow annually by 14.89% (CAGR 2024-2029).
In global comparison, most revenue, at home is generated United States (US$14bn in 2024).
In relation to total population figures, the average revenue per capita, at home of US$0.93 are generated in 2024.
In the Juices market, volume, at home is expected to amount to 5.82m L by 2024.
Volume, out-of-home is expected to amount to 117.60k L in 2024.
Volume, combined is expected to amount to 5.94m L in 2024.
The Juices market is expected to show a volume growth, at home of 3.8% in 2025.0.
The average volume per person, at home in the Juices market is expected to amount to 0.43L in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Juices market in Burundi has been experiencing steady growth in recent years, driven by changing consumer preferences and increasing disposable incomes.

Customer preferences: Burundian consumers are increasingly seeking healthier beverage options, which has led to a growing demand for juices. This shift in preferences can be attributed to a rising awareness about the health benefits of consuming natural and nutritious beverages. Additionally, the convenience and portability of packaged juices have also contributed to their popularity among busy urban consumers.

Trends in the market: One of the key trends in the Burundian Juices market is the increasing demand for locally sourced and organic juices. Consumers are becoming more conscious about the origin and quality of the products they consume, leading to a preference for juices made from locally grown fruits. This trend is also driven by a desire to support local farmers and promote sustainable agriculture practices. Another trend in the market is the introduction of innovative flavors and blends. Juice manufacturers are constantly experimenting with new combinations of fruits to cater to the evolving taste preferences of consumers. Exotic flavors and unique blends are gaining popularity among Burundian consumers, who are looking for exciting and refreshing beverage options.

Local special circumstances: Burundi, being an agricultural country, has a rich variety of fruits that can be used to produce juices. This abundance of raw materials provides a competitive advantage to local juice manufacturers, as they can source fresh and high-quality fruits at relatively lower costs. Moreover, the availability of a wide range of fruits allows for the production of diverse flavors and blends, catering to the preferences of different consumer segments.

Underlying macroeconomic factors: The growth of the Juices market in Burundi is also influenced by macroeconomic factors such as rising disposable incomes and urbanization. As the country's economy continues to grow, consumers have more purchasing power to spend on premium and healthier beverage options. The increasing urbanization in Burundi has also led to a higher demand for convenience products like packaged juices, as consumers seek on-the-go options. In conclusion, the Juices market in Burundi is witnessing growth due to changing consumer preferences, increasing disposable incomes, and the availability of a wide variety of fruits. The demand for healthier and locally sourced beverages, as well as innovative flavors, is driving the market forward. With favorable local circumstances and underlying macroeconomic factors, the Juices market in Burundi is expected to continue its growth trajectory in the coming years.

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.