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Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: Japan, Philippines, South Korea, China, Russia
The Berries & Grapes Market in the Fresh Fruits segment of the Fruits & Nuts Market within The Food market in the Philippines is witnessing minimal growth. Factors such as limited consumer awareness, seasonal supply issues, and competition from other fruits are impacting this growth rate.
Customer preferences: Consumers in the Philippines are showing a growing interest in healthier eating habits, driving a gradual increase in demand for berries and grapes within the Fresh Fruits Market. This shift is influenced by an evolving awareness of the health benefits associated with these fruits, particularly among younger demographics who prioritize wellness and nutrition. Additionally, social media is playing a pivotal role in shaping preferences, as visually appealing fruit-based recipes gain popularity. The rise of urban farming initiatives is also fostering a local supply of fresh berries and grapes, catering to the demand for sustainable and organic produce.
Trends in the market: In the Philippines, the Berries & Grapes Market within the Fresh Fruits segment is experiencing significant growth, driven by an increasing consumer focus on health and wellness. Younger generations are particularly influential, actively seeking nutritious options that align with their lifestyle choices. This trend is further propelled by the rise of social media, where visually appealing recipes featuring these fruits are shared widely, enhancing their popularity. Additionally, urban farming initiatives are emerging, promoting local and sustainable sourcing of fresh berries and grapes, which not only supports the demand for organic produce but also offers opportunities for local farmers and businesses to thrive in a competitive market.
Local special circumstances: In the Philippines, the Berries & Grapes Market within the Fresh Fruits segment is influenced by the country's diverse climate, which allows for the cultivation of various berry and grape varieties. Cultural preferences for fresh, local produce further drive consumer demand, as Filipinos increasingly value homegrown products. Additionally, government support for agricultural initiatives and organic farming practices boosts the market's growth, encouraging sustainable sourcing. The rise of health-consciousness among consumers, combined with vibrant local markets, fosters a dynamic environment for berry and grape sales.
Underlying macroeconomic factors: The Berries & Grapes Market in the Philippines is shaped by macroeconomic factors such as national economic growth, consumer spending trends, and agricultural investment. As the economy expands, increased disposable income enables consumers to prioritize fresh, high-quality fruits, thereby enhancing demand for berries and grapes. Moreover, favorable fiscal policies that support agricultural development and exports can significantly impact market performance. Global trends, such as the rising demand for organic produce and health-focused diets, further stimulate local production. Additionally, fluctuations in global trade dynamics and climate change considerations influence both supply chains and pricing, creating a complex market landscape.
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)