Key regions: Canada, Spain, Russia, South Korea, Philippines
The Fresh Fruits Market in Argentina has been experiencing slow growth, influenced by factors such as changing consumer preferences, fluctuating weather conditions, and increasing competition from imported fruits. Additionally, sub-markets such as Apples & Pears, Bananas, Berries & Grapes, Citrus Fruits, and Other Fresh Fruits have their own unique challenges, further impacting the overall market growth. Despite these challenges, the market is expected to gradually pick up pace, driven by rising health consciousness and the convenience of online fruit purchasing options.
Customer preferences: With the increasing emphasis on health and wellness in Argentina, there has been a growing demand for fresh and organic fruits in the market. Consumers are becoming more health-conscious and are opting for natural and nutrient-rich options. This trend is further fueled by the growing awareness about the benefits of consuming fresh fruits, such as boosting immunity and preventing diseases. As a result, there has been a rise in the availability of locally grown and organic fruits in the market, catering to the changing preferences of consumers.
Trends in the market: In Argentina, there is a growing demand for fresh and exotic fruits, such as dragon fruit and papaya, as consumers become more health-conscious and seek out nutritious options. This trend is expected to continue as the country's economy stabilizes and consumers have more disposable income. Additionally, there is a rise in the use of e-commerce platforms for purchasing fresh fruits, providing convenience and accessibility for consumers. These trends are significant for industry stakeholders as they present opportunities for expanding their product offerings and reaching a wider market. However, there may also be challenges in ensuring the quality and safety of fresh fruits during the e-commerce process. Overall, the trajectory of these trends points towards a positive outlook for the fresh fruits market in Argentina, with potential implications for both producers and consumers alike.
Local special circumstances: In Argentina, the Fresh Fruits Market of the Fruits & Nuts Market within The Food market is influenced by a strong agricultural sector and favorable climatic conditions, leading to a diverse range of locally grown fruits. The country's cultural preference for fresh and healthy produce also drives demand for locally sourced fruits. Additionally, government regulations promoting organic farming and fair trade practices have had a significant impact on market dynamics, with a focus on sustainable and ethical production methods.
Underlying macroeconomic factors: The growth of the Fresh Fruits Market in Argentina is heavily influenced by macroeconomic factors such as economic stability, government support, and international trade policies. As a major exporter of fruits and nuts, Argentina's market performance is greatly impacted by global economic trends and trade agreements. The country's strong investment in agriculture and advancements in technology also play a significant role in driving market growth. Additionally, the rising demand for fresh, healthy produce and the growing middle class population in Argentina are contributing to the market's success.
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)
