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 Niger is witnessing minimal growth, influenced by factors such as limited access to modern distribution channels, fluctuating climatic conditions affecting harvests, and growing competition from imported products, which challenge local producers.
Customer preferences: Consumers in Niger are increasingly prioritizing health and nutrition, leading to a growing interest in locally sourced fruits and nuts as alternatives to imported options. This trend is influenced by a younger, health-conscious demographic that values organic and sustainable products. Additionally, rising awareness of the nutritional benefits of nuts and fruits is prompting consumers to seek out diverse varieties, driving demand for innovative processing methods and packaging that highlight local heritage. Cultural celebrations further encourage the consumption of traditional snacks, reinforcing local preferences.
Trends in the market: In Niger, the Fruits & Nuts market is experiencing a notable shift towards locally sourced produce, driven by a health-conscious consumer base that increasingly favors organic and sustainable options. This trend is particularly pronounced among younger demographics, who are actively seeking out diverse and nutritious varieties of fruits and nuts. As awareness of their health benefits rises, innovative processing methods and eco-friendly packaging are becoming essential. Moreover, cultural celebrations are reinforcing the consumption of traditional snacks, presenting opportunities for industry stakeholders to capitalize on local heritage and preferences, ultimately enhancing market growth.
Local special circumstances: In Niger, the Fruits & Nuts market is shaped by a unique combination of geographical and cultural factors that set it apart from other regions. The country's diverse climate allows for the cultivation of a wide variety of fruits and nuts, including baobab and shea nuts, which are integral to local diets and traditions. Additionally, cultural practices surrounding communal gatherings and celebrations elevate the status of these products, fostering a strong demand for traditional snacks. Regulatory support for sustainable farming practices further enhances market growth, creating opportunities for local producers to thrive.
Underlying macroeconomic factors: The Fruits & Nuts market in Niger is significantly influenced by macroeconomic factors such as agricultural investment, trade policies, and global demand trends. The national economic health, characterized by fluctuations in GDP growth and inflation rates, affects consumer purchasing power and the affordability of fruits and nuts. Positive fiscal policies promoting agriculture and rural development encourage local farmers to enhance production and adopt sustainable practices. Additionally, global trends toward healthy eating and organic products create export opportunities for Nigerien fruits and nuts, further stimulating market growth and supporting community livelihoods.
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