Market Forecast By Type (Sugar, Chocolate, Fine Bakery Wares, Others), By Distribution Channel (Supermarket/Hypermarket, Specialist Retailers, Online Retail Stores, Convenience Stores, Other Distribution Channels) And Competitive Landscape
Product Code: ETC4942532 | Publication Date: Nov 2023 | Updated Date: Dec 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Report Name | Tanzania Confectionery Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Food & Beverage |
The Tanzania Confectionery Market report thoroughly covers the market by Type and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market 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.
The Tanzania Confectionery Market has been witnessing growth in the past years and is expected to continue its growth at a significant rate in the coming years. This growth is attributed to rapid urbanization, the rising disposable income of consumers, the influence of social media, the booming tourist industry, and government initiatives.
According to 6Wresearch, the Tanzania Confectionery Market size is expected to grow at a significant CAGR of 6.5% during 2025-2031. One of the key drivers of the Tanzania confectionery market is the rapid pace of urbanization in the country. With more people moving to cities and towns in search of better job opportunities, there has been a significant increase in disposable income among consumers, leading to a shift towards more premium and indulgent products, including confectionery items. Moreover, the young generation of the country is greatly influenced by global trends which led to a significant demand for international confectionery brands. Tanzania's booming tourism industry has also contributed to the growth of the confectionery market. As more tourists visit the country, there is an increased demand for souvenirs and gifts, which often include local or international confectionery products.
One of the major challenges for confectionery companies operating in Tanzania is the poor infrastructure and limited distribution channels. Moreover, international brands face competition from local brands as they have a strong presence in the market and often offer products at lower prices compared to international brands.
Some of the key players in the Tanzanian confectionery market include Mars Incorporated, Nestle SA, Cadbury PLC, Ferrero Group, Lindt & Sprüngli AG, Kenafric Industries Limited (local company), Azam Confectioneries Ltd (local company), Kenchic Sweets Ltd (local company), and Bakhresa Food Products Ltd (local company). These companies dominate the market, accounting for a significant share of sales and revenue.
One of the major initiatives is the national food fortification program. This program requires all domestically produced and imported foods, including confectioneries, to be fortified with essential micronutrients such as vitamin A, iron, folic acid, and zinc. Additionally, the government has implemented policies that promote local sourcing of raw materials for confectionery production. To further support the growth of the confectionery market, the government has established special economic zones (SEZs) across the country. These SEZs offer tax breaks, streamlined regulations, and other incentives for businesses operating within them. Furthermore, the government has also invested in infrastructure development to facilitate efficient transportation and distribution of confectionery products domestically and internationally.
The future of the Tanzania confectionery market looks promising, with an increasing demand for convenience foods and snacks among consumers. The growing urban population and rising disposable income are expected to drive the demand for confectionery products in the country. In addition, the entry of international players and the expansion of existing companies in Tanzania's confectionery market will further fuel its growth. There is also a trend towards healthier snacking options among Tanzanian consumers, which presents an opportunity for manufacturers to introduce innovative and healthier confectionery products in the market. The rise of e-commerce and online retail channels is also expected to boost the sales of confectionery products in Tanzania.
According to Ravi Bhandari, Research Head, 6Wresearch, the chocolate segment is currently dominating the Tanzania confectionery market and is expected to continue growing in the forecast period. This can be attributed to the increasing demand for premium and artisanal chocolate products among consumers.
In terms of distribution channels, the specialist retailers segment is experiencing significant growth due to their wide range of product offerings and personalized customer service.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Tanzania Confectionery Market Overview |
3.1 Tanzania Country Macro Economic Indicators |
3.2 Tanzania Confectionery Market Revenues & Volume, 2021 & 2031F |
3.3 Tanzania Confectionery Market - Industry Life Cycle |
3.4 Tanzania Confectionery Market - Porter's Five Forces |
3.5 Tanzania Confectionery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Tanzania Confectionery Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Tanzania Confectionery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Tanzania Confectionery Market Trends |
6 Tanzania Confectionery Market Segmentations |
6.1 Tanzania Confectionery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Tanzania Confectionery Market Revenues & Volume, By Sugar, 2021-2031F |
6.1.3 Tanzania Confectionery Market Revenues & Volume, By Chocolate, 2021-2031F |
6.1.4 Tanzania Confectionery Market Revenues & Volume, By Fine Bakery Wares, 2021-2031F |
6.1.5 Tanzania Confectionery Market Revenues & Volume, By Others, 2021-2031F |
6.2 Tanzania Confectionery Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Tanzania Confectionery Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.2.3 Tanzania Confectionery Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.2.4 Tanzania Confectionery Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.2.5 Tanzania Confectionery Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.6 Tanzania Confectionery Market Revenues & Volume, By Other Distribution Channels, 2021-2031F |
7 Tanzania Confectionery Market Import-Export Trade Statistics |
7.1 Tanzania Confectionery Market Export to Major Countries |
7.2 Tanzania Confectionery Market Imports from Major Countries |
8 Tanzania Confectionery Market Key Performance Indicators |
9 Tanzania Confectionery Market - Opportunity Assessment |
9.1 Tanzania Confectionery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Tanzania Confectionery Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Tanzania Confectionery Market - Competitive Landscape |
10.1 Tanzania Confectionery Market Revenue Share, By Companies, 2024 |
10.2 Tanzania Confectionery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |