Food Market in West Africa: Trends 2021 with Share, Industry Size and New Business Opportunities

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Food Services Market in West Africa

The food market in West Africa is expected to reach $ 6.2 billion by 2026.

SHERIDAN, ALABAMA, UNITED STATES, Oct 13, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, “West Africa Food Services Market: Industry Trends, Share, Size, Growth, Opportunities, and Forecasts 2021-2026” the West African food service market reached a value of 5.3 billion US dollars in 2020. For the future, the IMARC Group expects the market to reach a value of 6.2 billion US dollars by 2026.

Food services refer to activities associated with preparing and serving food to consumers who eat out. They include both commercial and non-commercial establishments such as fine dining and fast food restaurants; School and hospital canteens; and caterers and food truck operators. In recent years, the food service industry in West Africa has experienced rapid expansion as the large and growing population in West African countries offers enormous growth opportunities for food service providers. In addition, consumer willingness to experience bold flavors, premium alternatives, etc. has continued to fuel the growth of the food service market in West Africa.

As the novel coronavirus (COVID-19) crisis conquers the world, we continuously track changes in the markets and consumer buying behavior worldwide – our estimates of the latest market trends and forecast values ​​after taking into account the effects of this pandemic.

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Food Services Market Trends in West Africa:

Due to social and economic changes in West Africa, the food consumption behavior of consumers has changed. The rising employment rate and disposable income have led to the expansion of the middle class, who have developed a predilection for “ambitious” Western foods such as burgers and European dishes. Accordingly, several international fast food and restaurant chains have ventured into the larger regional markets. These companies are introducing foods made with local ingredients to attract new consumers. A number of local restaurants have also opened, serving regional and traditional dishes through to western fast food. In addition, the rise in migration rates has also diversified consumer eating habits, particularly in urban areas.

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Key market segmentation:

Market division according to sales channel:

Retail modes
On-line

Market split according to end use:

advertising
Noncommercial

Market breakdown by retail type

eat
Bring away

Market breakdown by segments:

consumer
Full service restaurants
Fast food
Street kiosks / stalls
Cafes and bars

Market breakdown by country:

Nigeria
Ghana
Ivory Coast
Senegal
Other.
Competitive landscape:

The competitive landscape of the market has been studied in the report, and the profiles of the major players have been provided as well.

Main highlights of the report:

Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Comprehensive mapping of the competitive landscape
Note: If you need certain information that is not currently included in the scope of the report, we can provide it to you as part of the customization.

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About us:

The IMARC Group is a leading market research company offering management strategy and market research worldwide. We work with clients in all sectors and regions to identify their most valuable opportunities, address their key challenges, and transform their businesses.

IMARC’s information products encompass key market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology companies. Market forecasts and industry analyzes for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and innovative processing methods are at the forefront of the company’s expertise.

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Elena Anderson
IMARC Services Private Limited
+1 6317911145
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