Definition:
The Fruits and Nuts market covers fresh, frozen, and processed edible fruits and nuts that are bought and consumed for nutrient-based purposes.
Structure:
The market consists of 3 different submarkets:
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fruits & Nuts Market in Burundi is experiencing minimal growth, influenced by factors such as limited infrastructure, fluctuating climate conditions, and varying consumer preferences. Additionally, access to fresh and processed options remains a challenge for many households.
Customer preferences: In Burundi, there is a notable shift towards healthier eating habits, with consumers increasingly prioritizing fresh fruits and nuts as part of their diets. This trend is driven by a growing awareness of nutrition, particularly among younger demographics who seek to incorporate natural snacks into their lifestyles. Additionally, traditional preferences are evolving, as urbanization introduces diverse culinary influences, prompting a demand for exotic fruit varieties. Social media also plays a role, as it heightens awareness and promotes local produce, encouraging a cultural appreciation for healthy eating.
Trends in the market: In Burundi, the Fruits & Nuts market is experiencing a significant uptick in demand for fresh, organic produce, largely influenced by a shift towards healthier eating practices. As consumers, especially the youth, become increasingly health-conscious, there is a rising preference for natural snacks over processed alternatives. Furthermore, urbanization is fostering a curiosity for exotic fruits, broadening the market landscape. This trend has implications for local farmers and distributors, who may need to adapt their offerings and marketing strategies to align with evolving consumer preferences, thereby enhancing profitability and sustainability in the sector.
Local special circumstances: In Burundi, the Fruits & Nuts market is shaped by its unique geographical features, with fertile lands and a favorable climate that support diverse fruit cultivation. Local cultural practices, such as traditional farming methods and communal sharing of produce, influence consumer preferences for locally sourced fruits and nuts. Additionally, regulatory frameworks promoting organic farming are gaining traction, encouraging sustainable practices. This combination of environmental and cultural factors fosters a vibrant market, enabling local farmers to cater to the growing demand for healthy, organic options while preserving traditional agricultural values.
Underlying macroeconomic factors: The Fruits & Nuts market in Burundi is influenced by macroeconomic factors such as agricultural investment, trade policies, and global market trends. The country's economic health, marked by fluctuations in GDP and inflation rates, affects consumer purchasing power and investment in farming technologies. Favorable fiscal policies that support smallholder farmers and promote exports are crucial for market growth. Additionally, global demand for organic produce drives local farmers to adapt to international standards. As climate change impacts farming practices, resilience strategies and sustainable agriculture initiatives become essential for maintaining market stability and growth.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights