Market Forecast By Product Types (Instant Breakfast/Cereals, Instant Soups and Snacks, Ready Meals , Baked Goods, Meat Products & Others), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores , Convenience Stores & Others) and competitive landscape
Product Code: ETC003311 | Publication Date: Jul 2020 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Ghana Ready to Eat Food market is expected to register growth during the forecast period 2020-26F owing to less cooking time invested in the packed Ready to Eat Food and is increasing the reliance of the natives of Ghana towards the adoption of the product. Owing to rising changes in the dietary needs of the natives of Ghana and increase in the domestic production of ready to eat foods along with rising concerns for the fulfillment of the nutritional needs of the population in the country is anticipated to provide immense benefits for the growth of Ghana ready to eat food market in the coming years.
According to 6Wresearch, Ghana Ready to Eat Food Market is anticipated to witness growth during the forecast period 2020-26F. Further, in order to address the spread of COVID-19, Ghana has postponed the acceptance of the arrival of shipments of staple foods and Ready to Eat Food products coupled with a complete lockdown in the country which is leading to acute food shortage. COVID-19 has exacerbated the issue, as the country is largely dependent on the external food supply which would lead to a decline in the Ghana Ready to Eat Food market during the projected period.
Changing consumer behavior, tight budgets, limited access to fresh foods, escalating needs for hygiene, increasing demand for the convenience of cooking by consumers, and rising preferences of the natives towards consumption of healthy food are the potential drivers of the Ghana Ready to Eat Food market and are expected to trigger the sound market growth in the upcoming six years. On the basis of distribution channels, hypermarkets/supermarkets are expected to witness the highest growth in the coming years on the back of changing packaging formats coupled with easy availability of exotic foods and cereals.
The Ghana Ready to Eat Food report thoroughly covers the market by Product Types and by Distribution Channels. Ghana Ready to Eat Food outlook report provides an unbiased and detailed analysis of on-going Ghana Ready to Eat Food trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Ghana Ready to Eat Food Market is anticipated to register potential growth projections during the forecast period 2020-26F on the back of growing population and economic growth in the country coupled with rising convenience needs of the consumers along with changing lifestyles of the natives. The rising need for dietary fibers and the need to inculcate the necessary nutrients to ensure a proper diet along with increasing demand for less time-consuming cooking formats. Changing lifestyles of the people of the country along with a rising preference for premium foods and enhancing tastes and preferences of the consumers is expected to drive potential revenues for the ready-to-eat food market in the country in the coming years. The spread of COVID-19 has impacted the market growth of Ghana ready to eat food market backed by the disturbances in the import of certain ingredients used for the preparation of ready to eat foodstuffs along with the disruptions in the production activities across the country to contain the spread of the virus. However, increased hygiene concerns have propelled the sales of ready to eat foodstuffs along with the need for shelf piling of products. Also, by the end of the year 2020, as the COVID-19 virus marks slowdown, Ghana ready to eat food market is expected to register a promising growth. On the basis of distribution channels, hypermarkets/supermarkets are expected to register the highest growth rate in the overall Ghana Ready to Eat Food market during the projected period owing to rising preferences of the consumers towards purchasing the food physically present coupled with ease of shopping along with rebates and product offerings provided by the hyper stores. Further, on the basis of types, canned and frozen beef are anticipated to dominate the revenues in the overall Ghana Ready to Eat Food market in the coming years owing to concerns regarding consumption of hygienic food.
Key Highlights of the Report:
Markets Covered
The Ghana Ready to Eat Food Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Ghana Ready to Eat Food Market Overview |
3.1. Ghana Ready to Eat Food Market Revenues, 2016-2026F |
3.2. Ghana Ready to Eat Food Market Revenue Share, By Product Types, 2019 & 2026F |
3.3. Ghana Ready to Eat Food Market Revenue Share, By Distribution Channels, 2019 & 2026F |
3.4. Ghana Ready to Eat Food Market Revenue Share, By Countries, 2019 & 2026F |
3.5. Ghana Ready to Eat Food Market Industry Life Cycle |
3.6. Ghana Ready to Eat Food Market- Porter’s Five Forces |
4. Ghana Ready to Eat Food Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Ghana Ready to Eat Food Market Trends |
6. Ghana Ready to Eat Food Market Overview, By Product Types |
6.1. Ghana Ready to Eat Food Market Revenues, By Instant Breakfast/Cereals, 2016-2026F |
6.2. Ghana Ready to Eat Food Market Revenues, By Instant Soups and Snacks, 2016-2026F |
6.3. Ghana Ready to Eat Food Market Revenues, By Ready Meals, 2016-2026F |
6.4. Ghana Ready to Eat Food Market Revenues, By Baked Goods, 2016-2026F |
6.5. Ghana Ready to Eat Food Market Revenues, By Others, 2016-2026F |
6.6. Ghana Ready to Eat Food Market Revenues, By Meat Products, 2016-2026F |
7. Ghana Ready to Eat Food Market Overview, By Distribution Channels |
7.1. Ghana Ready to Eat Food Market Revenues, By Online Retailers, 2016-2026F |
7.2. Ghana Ready to Eat Food Market Revenues, By Convenience Stores, 2016-2026F |
7.3. Ghana Ready to Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F |
7.4. Ghana Ready to Eat Food Market Revenues, By Others, 2016-2026F |
8. Ghana Ready to Eat Food Market Overview, By Region |
8.1. Ghana Ready to Eat Food Market Revenues, By Region, 2016-2026F |
8.2. Ghana Ready to Eat Food Market Volume, By Region, 2016-2026F |
9. Ghana Ready to Eat Food Market Key Performance Indicators |
10. Ghana Ready to Eat Food Market Opportunity Assessment |
10.1. Ghana Ready to Eat Food Market, Opportunity Assessment, By Product Types, 2025F |
10.2. Ghana Ready to Eat Food Market, Opportunity Assessment, By Region, 2025F |
11. Ghana Ready to Eat Food Market Competitive Landscape |
11.1. Ghana Ready to Eat Food Market Competitive Benchmarking, By Product |
11.2. Ghana Ready to Eat Food Market Revenue Share, By Company, 2019 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |