Key regions: United Kingdom, Spain, South Korea, Russia, Philippines
The Fruits & Nuts Market in the GCC is witnessing gradual growth, influenced by factors like shifting consumer preferences towards healthy eating, rising demand for convenience, and the increasing availability of both fresh and processed options. However, market expansion remains limited.
Customer preferences: Consumers in the GCC are increasingly prioritizing health-conscious choices, leading to a heightened interest in organic and natural fruits and nuts. This trend is further amplified by a growing awareness of the nutritional benefits associated with these products, particularly among younger demographics who are more inclined towards fitness and wellness. Additionally, the rise of e-commerce platforms has made it easier for consumers to access a diverse range of fruits and nuts, catering to their desire for convenience and variety in their diets.
Trends in the market: In the GCC, the Fruits & Nuts market is experiencing a surge in demand for organic and sustainably sourced products, driven by consumers' increasing health consciousness and preference for natural options. This trend is particularly prominent among millennials and Gen Z, who prioritize nutrition and wellness in their dietary choices. Furthermore, the expansion of e-commerce platforms has facilitated access to a wider variety of fruits and nuts, enhancing consumer convenience. Industry stakeholders must adapt to these shifts by prioritizing sustainable sourcing and leveraging online sales channels to meet evolving consumer preferences.
Local special circumstances: In the GCC, the Fruits & Nuts market is shaped by unique geographical and cultural factors, such as the region's arid climate, which influences the types of crops that can be sustainably cultivated. Traditional diets emphasizing dates and other locally sourced fruits drive consumer interest in heritage varieties. Additionally, regulatory frameworks promoting organic farming and food safety standards create a favorable environment for high-quality, sustainably sourced products. These local dynamics necessitate that businesses adapt their strategies to align with both consumer preferences and regional agricultural capabilities.
Underlying macroeconomic factors: The Fruits & Nuts market in the GCC is significantly influenced by macroeconomic factors such as fluctuating oil prices, which directly impact national economic health and consumer spending power. As oil revenues decline or stabilize, government investments in agriculture and food security initiatives become increasingly important. Fiscal policies promoting diversification into non-oil sectors, including agriculture, further bolster market growth. Additionally, global trends such as rising health consciousness and demand for organic products are reshaping consumer preferences, compelling local producers to adapt and innovate. These dynamics create opportunities for sustainable practices and enhance the overall resilience of the Fruits & Nuts market within the region.
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.
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