Key regions: United Kingdom, Spain, South Korea, Russia, Philippines
The Fruits & Nuts Market in Bhutan is witnessing subdued growth, influenced by factors like limited production capacity, fluctuating consumer demand, and challenges in supply chains, which hinder the expansion of both fresh and processed fruit segments as well as nut varieties.
Customer preferences: Consumers in Bhutan are increasingly prioritizing health and wellness, leading to a growing preference for organic and locally sourced fruits and nuts. This shift is influenced by a heightened awareness of nutrition and the benefits of natural foods, particularly among the younger demographic. Additionally, urbanization is driving demand for convenient snack options, spurring interest in packaged dried fruits and nut blends. Cultural traditions surrounding food are also evolving, with a rising interest in incorporating exotic fruits into local cuisine, reflecting a blend of heritage and modern influences.
Trends in the market: In Bhutan, the Fruits & Nuts Market is experiencing a significant shift towards organic and locally sourced products, driven by consumers' increasing focus on health and wellness. This trend is particularly prominent among younger populations, who are more aware of nutritional benefits. Simultaneously, urbanization is creating a demand for convenient snack options, leading to a rise in packaged dried fruits and nut blends. The evolving culinary landscape is also seeing an integration of exotic fruits into traditional dishes, merging heritage with modern dietary preferences, which presents both opportunities and challenges for industry stakeholders.
Local special circumstances: In Bhutan, the Fruits & Nuts Market is uniquely shaped by the country's rich biodiversity and commitment to sustainable agriculture. The mountainous terrain and varied climates enable the cultivation of diverse fruit and nut varieties, fostering a strong connection between local farmers and consumers. Additionally, Bhutan’s cultural emphasis on Gross National Happiness promotes organic farming practices, enhancing consumer preference for natural products. Regulatory support for organic certification further solidifies this trend, making Bhutan a distinctive player in the regional fruits and nuts landscape.
Underlying macroeconomic factors: The Fruits & Nuts Market in Bhutan is significantly shaped by macroeconomic factors such as agricultural policies, international trade dynamics, and consumer trends. The nation’s emphasis on organic and sustainable farming aligns with global shifts toward healthier eating habits, driving demand for Bhutanese fruits and nuts. Economic stability, characterized by steady GDP growth and favorable fiscal policies, enhances investment in agricultural infrastructure. Additionally, the government’s commitment to promoting organic certification attracts both local and international consumers, further boosting market performance. These elements collectively position Bhutan as a unique player in the global fruits and nuts sector.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
