Fruits & Nuts - Equatorial Guinea

Equatorial Guinea

Highlights

Revenue in the Fruits & Nuts market amounts to US$243.80m in 2024. The market is expected to grow annually by 11.81% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$135bn in 2024).
In relation to total population figures, per person revenues of US$138.90 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 88.46m kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 9.3% in 2025.0.
The average volume per person in the Fruits & Nuts market is expected to amount to 33.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fruits & Nuts Market in Equatorial Guinea is witnessing subdued growth, influenced by factors such as limited infrastructure for distribution, fluctuating consumer demand, and competition from imported products, which impact both fresh and processed segments.

Customer preferences: Consumers in Equatorial Guinea are increasingly gravitating towards organic and locally-sourced fruits and nuts, driven by a growing awareness of health and wellness. This trend is influenced by cultural preferences for natural foods and a desire to support local farmers. Additionally, younger demographics are embracing plant-based diets, further boosting demand for diverse fruit and nut options. Social media is playing a significant role in shaping these preferences, with influencers promoting healthy eating habits and showcasing innovative recipes that incorporate these products.

Trends in the market: In Equatorial Guinea, the Fruits & Nuts Market is experiencing a notable shift towards organic and locally-sourced options, reflecting a broader global trend in health consciousness. As consumers become more aware of the benefits of natural foods, there is a rising demand for diverse, nutritious fruit and nut varieties. This trend is particularly pronounced among younger consumers who are increasingly adopting plant-based diets. Social media influences these preferences, as online platforms promote healthy eating and innovative culinary practices. For industry stakeholders, this shift presents opportunities to engage with health-focused marketing strategies and strengthen ties with local farmers, ensuring sustainable growth in this evolving market.

Local special circumstances: In Equatorial Guinea, the Fruits & Nuts Market is shaped by its tropical climate, which supports a rich diversity of indigenous fruit and nut species. Cultural traditions emphasize the use of local produce in diets, fostering a preference for fresh, homegrown options. Additionally, regulatory frameworks promoting sustainable agriculture and local sourcing are gaining traction, encouraging farmers to adopt organic practices. These unique factors create a vibrant market landscape where health-conscious consumers seek to explore traditional flavors while supporting local economies, enhancing the overall food ecosystem.

Underlying macroeconomic factors: The Fruits & Nuts Market in Equatorial Guinea is significantly influenced by macroeconomic factors such as international trade dynamics, national economic stability, and fiscal policies aimed at agricultural development. Global demand for tropical fruits and nuts is rising, providing opportunities for local producers to export. Additionally, the country's economic health, characterized by fluctuating oil revenues, impacts investment in agricultural infrastructure and technology. Supportive fiscal policies promoting agro-industrial growth and sustainability bolster local farmers. As global health trends prioritize natural foods, the demand for fresh, organic produce in Equatorial Guinea is expected to grow, further enhancing market potential.

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.