Sauces & Spices - Burundi

Burundi

Revenue in the Sauces & Condiments market amounts to €30.82m in 2024. The market is expected to grow annually by 8.00% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€42bn in 2024).
In relation to total population figures, per person revenues of €2.27 are generated in 2024.
In the Sauces & Condiments market, volume is expected to amount to 11.49m kg by 2029. The Sauces & Condiments market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Sauces & Condiments market is expected to amount to 0.7kg in 2024.

Key regions: Japan, South Korea, China, Spain, United Kingdom

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Región

Comparación de regiones

Moneda

Analyst Opinion

The Sauces & Spices market in Burundi is experiencing minimal growth due to factors such as low consumer awareness, limited availability of digital technologies, and a preference for traditional cooking methods. Despite this, the market is slowly expanding with the introduction of new products and increasing demand for convenience.

Customer preferences: As consumers become more health-conscious, there has been a notable increase in demand for organic and all-natural sauces and spices in Burundi. This trend is driven by a growing interest in clean eating and a desire for transparency and sustainability in food production. Additionally, with a growing middle class and urbanization, there is an increasing preference for convenience and international flavors, leading to a surge in imported sauces and spices.

Trends in the market: In Burundi, there is a growing trend in the Sauces & Spices Market within The Food market towards the use of locally sourced ingredients and traditional cooking methods. This trend is driven by a desire for authentic and healthier options, as well as a focus on supporting local businesses. As a result, there has been an increase in the availability and variety of artisanal sauces and spices in the market. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for product differentiation to meet consumer demands. Additionally, as more consumers become aware of the benefits of using local products, there may be a shift towards sustainable and ethical sourcing practices in the industry.

Local special circumstances: In Burundi, the Sauces & Spices Market within The Food market is heavily influenced by the country's rich agricultural resources and traditional cuisine. The use of locally-grown spices and herbs in cooking is deeply ingrained in the culture, making the market highly dependent on domestic production. Additionally, the government's strict regulations on imports and exports play a significant role in shaping the market, as it limits competition and promotes the consumption of locally-produced sauces and spices.

Underlying macroeconomic factors: The Sauces & Spices Market within The Food market in Burundi is influenced by macroeconomic factors such as overall economic stability, consumer spending power, and government policies. The country's economic growth and stability play a crucial role in market performance, as a strong economy typically leads to increased consumer spending and demand for food products. Furthermore, government policies, such as trade agreements and import/export regulations, can impact the availability and pricing of sauces and spices in the market. Additionally, the country's political stability and investment in infrastructure can also play a significant role in market growth, as they contribute to a conducive business environment for industry players. Overall, a stable and growing economy, along with favorable government policies, can drive the demand for sauces and spices in the Burundian market.

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.