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 the CIS is witnessing minimal growth, influenced by factors like fluctuating agricultural yields, changing consumer preferences for healthy snacks, and challenges in supply chain logistics that affect product availability and pricing.
Customer preferences: Consumers in the CIS are increasingly prioritizing health and wellness, leading to a heightened interest in organic and sustainably sourced fruits and nuts. This trend is driven by a growing awareness of nutritional benefits, particularly among younger demographics who are more inclined towards plant-based diets. Additionally, cultural shifts towards convenience have spurred demand for ready-to-eat snack options, while social media influences promote exotic varieties, reshaping purchasing behaviors and elevating the importance of product transparency in sourcing and processing.
Trends in the market: In the CIS region, the Fruits & Nuts market is experiencing a surge in demand for organic and sustainably sourced products, as consumers increasingly prioritize health and wellness in their dietary choices. Younger demographics are particularly inclined towards plant-based diets, driving interest in nutrient-rich options. Additionally, the trend towards convenience has led to a rise in ready-to-eat snacks, while social media platforms are influencing consumer preferences for exotic fruit and nut varieties. This shift emphasizes the need for transparency in sourcing and processing, presenting both opportunities and challenges for industry stakeholders navigating evolving consumer expectations.
Local special circumstances: In the CIS region, the Fruits & Nuts market is shaped by diverse local factors, including a rich agricultural heritage and varying climate conditions across countries. This diversity enables the cultivation of unique fruit and nut varieties, appealing to consumers' increasing interest in local and exotic options. Cultural traditions emphasizing natural remedies and health-conscious diets further drive demand for organic produce. Additionally, regulatory frameworks promoting food safety and quality standards influence market dynamics, as stakeholders adapt to ensure compliance while meeting evolving consumer preferences.
Underlying macroeconomic factors: The Fruits & Nuts market in the CIS region is significantly influenced by macroeconomic factors such as agricultural productivity, trade policies, and consumer spending power. Fluctuating commodity prices can affect the affordability and availability of various fruits and nuts, impacting market growth. Additionally, favorable fiscal policies that support local agriculture and enhance export opportunities contribute to a robust market environment. Global economic trends, including shifts in consumer preferences towards sustainable and organic products, further drive demand. As disposable incomes rise, consumers increasingly seek quality produce, thereby shaping market dynamics and fostering innovation in product offerings.
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