Market Insights Consumer Food Sauces & Spices

Spices & Culinary Herbs - Gambia

Gambia

Revenue in the Salt & Other Spices market amounts to €6.74m in 2024. The market is expected to grow annually by 7.93% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€9,666m in 2024).
In relation to total population figures, per person revenues of €2.37 are generated in 2024.
In the Salt & Other Spices market, volume is expected to amount to 314.90k kg by 2029. The Salt & Other Spices market is expected to show a volume growth of 4.0% in 2025.
The average volume per person in the Salt & Other Spices market is expected to amount to 0.1kg in 2024.

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

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Región

Comparación de regiones

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Analyst Opinion

The Spices & Culinary Herbs Market in Gambia has seen modest growth due to factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. However, subdued growth rate is impacted by the challenges in sourcing high-quality spices and herbs.

Customer preferences: The Spices & Culinary Herbs Market within the Sauces & Spices Market is experiencing a growing demand for organic and natural products, as consumers become more health-conscious and environmentally aware. This trend is driven by a shift towards healthier eating habits and a preference for sustainably sourced ingredients. Additionally, the rise of social media has enabled consumers to explore and experiment with a variety of global flavors and cuisines, driving the demand for exotic and authentic spices and herbs.

Trends in the market: In Gambia, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is seeing a rise in demand for organic and all-natural products. Consumers are becoming more health-conscious and are looking for clean label options. This trend is expected to continue, with an increasing number of manufacturers offering organic and natural options to cater to this demand. This shift towards cleaner and healthier ingredients is significant for industry stakeholders, as it presents new opportunities for product innovation and differentiation. Additionally, it has the potential to drive up prices and profits for producers of organic and all-natural spices and herbs.

Local special circumstances: In Gambia, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is influenced by the country's rich history and diverse cultural influences. The use of traditional herbs and spices in local cuisine has created a demand for high-quality products from both domestic and international markets. Additionally, the country's favorable climate and fertile soil allow for the cultivation of a wide variety of herbs and spices, making Gambia a potential hub for the production and export of these products. Moreover, the government's support for sustainable agriculture practices and initiatives to promote local businesses further contribute to the growth of the market.

Underlying macroeconomic factors: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is significantly impacted by macroeconomic factors such as global trade policies, consumer spending patterns, and government regulations. Countries with stable economic growth and favorable trade policies experience higher demand for spices and culinary herbs, which are often used in traditional and ethnic cuisines. Additionally, the rising trend of healthy and sustainable eating habits has led to an increased demand for organic and locally-sourced spices and herbs, driving market growth. The availability of raw materials and favorable weather conditions in the production regions also play a crucial role in the performance of the market. However, fluctuations in currency exchange rates and trade tariffs may negatively affect the profitability of market players and hinder market growth.

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.