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 Ethiopia is witnessing steady growth, fueled by factors such as increasing consumer demand for nutritious options, expanding agricultural practices, and improved supply chains that enhance access to fresh and processed products.
Customer preferences: In Ethiopia, consumer preferences are shifting towards organic and locally sourced fruits and nuts, as health-conscious individuals seek to incorporate more natural foods into their diets. The rise of urbanization and a growing middle class are driving demand for convenient, ready-to-eat snacks that align with busy lifestyles. Additionally, cultural appreciation for traditional foods is leading to a resurgence in the popularity of indigenous fruits and nuts, as consumers increasingly prioritize nutritional value and sustainability in their purchasing decisions.
Trends in the market: In Ethiopia, the Fruits & Nuts market is experiencing a notable shift towards organic and sustainably sourced products, driven by a health-conscious consumer base increasingly interested in nutritional quality. The urban middle class is propelling demand for convenient, ready-to-eat snacks, aligning with their fast-paced lifestyles. Furthermore, there is a renewed appreciation for traditional and indigenous fruits and nuts, reflecting cultural values and sustainability. This shift underscores the importance for industry stakeholders to adapt their offerings and marketing strategies to meet evolving consumer preferences, ensuring competitive advantage in a dynamic market landscape.
Local special circumstances: In Ethiopia, the Fruits & Nuts market is influenced by the country's diverse climate and topography, which allows for the cultivation of a wide variety of indigenous fruits and nuts. The rich cultural heritage emphasizes traditional agricultural practices, fostering a community-oriented approach to farming. Additionally, government initiatives promoting organic farming are shaping regulatory frameworks, encouraging sustainable practices. This unique blend of natural resources, cultural values, and supportive policies creates a distinctive market environment, driving consumer preference towards locally sourced and eco-friendly products.
Underlying macroeconomic factors: The Fruits & Nuts market in Ethiopia is significantly influenced by macroeconomic factors such as agricultural productivity, trade policies, and overall economic stability. Global demand for organic and sustainably sourced products is driving market growth, as Ethiopian producers capitalize on their unique offerings. National economic health, reflected in GDP growth and inflation rates, impacts consumer purchasing power and investment in agriculture. Furthermore, government fiscal policies promoting agribusiness and infrastructure development enhance market accessibility. Environmental sustainability initiatives are also fostering a shift towards organic farming, aligning with global trends and consumer preferences for health-conscious, locally sourced foods.
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