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1021997

West Africa Food Services Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published: | IMARC Services Private Limited | 103 Pages | Delivery time: 2-3 business days

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West Africa Food Services Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: August 2, 2021
IMARC Services Private Limited
Content info: 103 Pages
Delivery time: 2-3 business days
  • ALL
  • Description
  • Table of Contents
Description

The West Africa food services market reached a value of US$ 5.3 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The West African region is quite diverse in terms of country size, population density, weather conditions, natural resources, etc. Countries in this region also differ significantly in terms of linguistic, historic and cultural dimensions. Despite major differences, a number of broad drivers and trends are catalysing the food services market in the region. These include strong population growth, rapid urbanisation and migration, large young population, rising incomes, changing lifestyles, broadening of food habits, etc. Catalyzed by these drivers, the food services market in the region is experiencing a transition. Some of the trends include an increasing demand for convenience, changing dietary habits, and a rising concern regarding the various aspects of product quality such as cleanliness and healthfulness.

West Africa Foodservice Market Drivers/Constraints:

  • We expect the population of ECOWAS countries to increase from around 375 Million in 2018 to 436 Million by 2024, exhibiting a CAGR of 2.5% during the period. This is expected to continuously increase the food demand in the region.
  • West Africa has witnessed strong urban growth since 1950, with the urban population increasing from around 5 million in 1950 to over 165 million in 2018. With around 40%-45% of its total population living in cities, the region has strong potential for the food services industry.
  • West Africa represents one of the youngest populations in the world. With rising disposable incomes, this category can be regarded as a major driver of processed foods in the region. This population segment is adopting new lifestyles and is more open in experimenting with different flavors and food types.
  • The West African region, similar to most of the other developing world, has witnessed strong economic growth over the last three decades. GDP per capita in the ECOWAS region has witnessed an average annual growth of around 4% over the last 15 years. This has resulted in rising disposable incomes and a strong growth in the middle-class population.
  • Urbanisation, migration, and wider exposure to digital media have led to a diversification of food habits, ranging from both traditional foods to the spread of Western-style fast foods, particularly in the urban regions. Nevertheless, catalyzed by increasing incomes and education, there is also a rising trend of health consciousness, generating a demand for healthier food options.

Market Summary:

Country Insights:

  • Country-wise, the market has been segmented into Nigeria, Ghana, Cote d' Ivoire, Senegal and Others. Amongst these, Nigeria is the biggest market, accounting for the majority of the West African foodservices market.

Distribution Channel Insights:

  • Based on the distribution channel, the market has been segmented into online and offline modes. Amongst these, offline mode accounts for the majority of the total market.

End-Use Insights:

  • On the basis of end-uses, the market has been segmented into the commercial sector and the non-commercial sector. The commercial sector currently represents the bigger segment.

Retail Type Insights:

  • Based on the retail type, the market can be segmented into eat-in and take away. Amongst these, the eat-in type currently represents the bigger segment.

Food Service Type Insights:

  • On the basis of food service type, the market has been segmented into full service restaurants, fast-food joints, street kiosks/stalls, and cafes and bars. Fast food restaurants currently represent the biggest segment.

Competitive Landscape:

  • The competitive landscape of the market has been examined in the report and the profiles of key players have also been provided.
  • This report provides a deep insight into the West Africa food services market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the West Africa food services industry in any manner.

Key Questions Answered in This Report:

  • How has the West Africa food services market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the West Africa food services industry?
  • What has been the impact of COVID-19 on the West Africa food services market?
  • What are the various types of food services in West Africa?
  • What are the various distribution channels in the West Africa food services industry?
  • What is the performance of the commercial sector vs. the non-commercial sector?
  • What are the major retail types in the West Africa food services industry?
  • What are the various stages in the value chain of the West Africa food services industry?
  • What are the key driving factors and challenges in the West Africa food services industry?
  • What is the structure of the West Africa food services industry and who are the key players?
  • What is the degree of competition in the West Africa food services industry?
Table of Contents
Product Code: SR1020E62_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 West Africa Food Services Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Distribution Channel
  • 5.5 Market Breakup by End-Use
  • 5.6 Market Breakup by Retail Type
  • 5.7 Market Breakup by Food Service Type
  • 5.8 Market Breakup by Country
  • 5.9 Market Forecast
  • 5.10 SWOT Analysis
    • 5.10.1 Overview
    • 5.10.2 Strengths
    • 5.10.3 Weaknesses
    • 5.10.4 Opportunities
    • 5.10.5 Threats
  • 5.11 Value Chain Analysis
    • 5.11.1 Research and Development
    • 5.11.2 Raw Material Procurement
    • 5.11.3 Food Service Provider
    • 5.11.4 Offline Sales
    • 5.11.5 Online Sales
    • 5.11.6 End-Consumer
  • 5.12 Porters Five Forces Analysis
    • 5.12.1 Overview
    • 5.12.2 Bargaining Power of Buyers
    • 5.12.3 Bargaining Power of Suppliers
    • 5.12.4 Degree of Competition
    • 5.12.5 Threat of New Entrants
    • 5.12.6 Threat of Substitutes
  • 5.13 Key Market Drivers and Challenges

6 Market Breakup by Distribution Channel

  • 6.1 Online
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Offline
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by End-Use

  • 7.1 Commercial
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Non-Commercial
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Retail Type

  • 8.1 Eat-In
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Take Away
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Food Service Type

  • 9.1 Full Service Restaurants
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Fast-Food Joints
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Streets Kiosks/Stalls
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Cafes and Bars
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Others
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Market Breakup by Country

  • 10.1 Nigeria
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Ghana
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Cote d' Ivoire
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Senegal
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast
  • 10.5 Others
    • 10.5.1 Market Trends
    • 10.5.2 Market Forecast

11 Competitive Landscape

  • 11.1 Market Structure
  • 11.2 Key Players

12 Key Player Profiles

List of Figures

  • Figure 1: West Africa: Food Services Market: Major Drivers and Challenges
  • Figure 2: West Africa: Food Services Market: Value Trends (in Billion US$), 2015-2020
  • Figure 3: West Africa: Food Services Market: Breakup by Distribution Channel (in %), 2020
  • Figure 4: West Africa: Food Services Market: Breakup by End-Use (in %), 2020
  • Figure 5: West Africa: Food Services Market: Breakup by Retail Type (in %), 2020
  • Figure 6: West Africa: Food Services Market: Breakup by Food Service Type (in %), 2020
  • Figure 7: West Africa: Food Services Market: Breakup by Country (in %), 2020
  • Figure 8: West Africa: Food Services Market Forecast: Value Trends (in Billion US$), 2021-2026
  • Figure 9: West Africa: Food Services Industry: SWOT Analysis
  • Figure 10: West Africa: Food Services Industry: Value Chain Analysis
  • Figure 11: West Africa: Food Services Industry: Porter's Five Forces Analysis
  • Figure 12: West Africa: Food Services Market: Online Sales (in Million US$), 2015 & 2020
  • Figure 13: West Africa: Food Services Market Forecast: Online Sales (in Million US$), 2021-2026
  • Figure 14: West Africa: Food Services Market: Offline Sales (in Million US$), 2015 & 2020
  • Figure 15: West Africa: Food Services Market Forecast: Offline Sales (in Million US$), 2021-2026
  • Figure 16: West Africa: Food Services Market (Commercial Use): Value Trends (in Million US$), 2015 & 2020
  • Figure 17: West Africa: Food Services Market Forecast (Commercial Use): Value Trends (in Million US$), 2021-2026
  • Figure 18: West Africa: Food Services Market (Non-commercial Use): Value Trends (in Million US$), 2015 & 2020
  • Figure 19: West Africa: Food Services Market Forecast (Non-commercial Use): Value Trends (in Million US$), 2021-2026
  • Figure 20: West Africa: Eat-In Food Services Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 21: West Africa: Eat-In Food Services Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 22: West Africa: Take Away Food Services Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 23: West Africa: Take Away Food Services Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 24: West Africa: Full Service Restaurants Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 25: West Africa: Full Service Restaurants Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 26: West Africa: Fast-Food Joints Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 27: West Africa: Fast-Food Joints Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 28: West Africa: Streets Kiosks/Stalls Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 29: West Africa: Streets Kiosks/Stalls Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 30: West Africa: Cafes and Bars Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 31: West Africa: Cafes and Bars Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 32: West Africa: Other Types of Food Service Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 33: West Africa: Other Types of Food Service Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 34: Nigeria: Food Services Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 35: Nigeria: Food Services Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 36: Ghana: Food Services Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 37: Ghana: Food Services Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 38: Cote d' Ivoire: Food Services Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 39: Cote d' Ivoire: Food Services Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 40: Senegal: Food Services Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 41: Senegal: Food Services Market Forecast: Value Trends (in Million US$), 2021-2026
  • Figure 42: Others: Food Services Market: Value Trends (in Million US$), 2015 & 2020
  • Figure 43: Others: Food Services Market Forecast: Value Trends (in Million US$), 2021-2026

List of Tables

  • Table 1: West Africa: Food Services Market: Key Industry Highlights, 2020 and 2026
  • Table 2: West Africa: Food Services Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
  • Table 3: West Africa: Food Services Market Forecast: Breakup by End-Use (in Million US$), 2021-2026
  • Table 4: West Africa: Food Services Market Forecast: Breakup by Retail Type (in Million US$), 2021-2026
  • Table 5: West Africa: Food Services Market Forecast: Breakup by Food Service Type (in Million US$), 2021-2026
  • Table 6: West Africa: Food Services Market Forecast: Breakup by Country (in Million US$), 2021-2026
  • Table 7: West Africa: Food Services Market: Competitive Structure
  • Table 8: West Africa: Food Services Market: Key Players