Key regions: India, Canada, Spain, Philippines, United Kingdom
The Nuts Market in Sudan has shown minimal growth due to various factors such as limited access to technology, lower health awareness, and lack of convenience in online services. Despite this slow growth rate, the market is still expected to expand in the coming years.
Customer preferences: The Nuts Market of the Fruits & Nuts Market within The Food market has seen a significant increase in demand for organic and sustainably sourced nuts. This can be attributed to consumers becoming more health-conscious and environmentally aware. There is also a growing preference for unique and exotic nut varieties, driven by the rising popularity of international cuisines and the desire for new taste experiences. Additionally, the trend towards plant-based diets has also contributed to the growth of the nuts market.
Trends in the market: In Sudan, there is a growing trend of incorporating nuts into traditional dishes, such as peanut stews, as well as an increase in consumption of nuts as a healthy snack option. This trend is expected to continue, driven by rising health consciousness and increasing availability of a variety of nuts in the market. As a result, the Nuts Market of the Fruits & Nuts Market within The Food market is projected to experience steady growth. This presents opportunities for industry stakeholders to tap into the demand for nuts, especially in emerging markets, and expand their product offerings to cater to changing consumer preferences. Additionally, there is potential for the development of new nut-based products and innovative packaging solutions to further drive growth in the market.
Local special circumstances: In Sudan, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's agricultural landscape and cultural traditions. The abundance of fertile land and warm climate allows for a diverse range of nut varieties to be grown, such as peanuts, cashews, and pistachios. These nuts hold significant cultural and religious significance, often used as ingredients in traditional dishes and consumed during religious holidays. Additionally, Sudan's liberalized trade policies have opened up opportunities for foreign investments and exports, contributing to the growth of the Nuts Market.
Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is greatly impacted by macroeconomic factors in Sudan. The country's economy has been struggling due to political instability and ongoing conflicts, leading to a decrease in consumer purchasing power. This has resulted in a decline in demand for luxury food products, such as nuts. Additionally, Sudan's agricultural sector, which produces a significant portion of the country's nuts, has been negatively affected by climate change and lack of investment. This has resulted in lower production and limited supply, further impacting the market. However, with the recent lifting of economic sanctions and efforts to improve infrastructure and attract foreign investment, there is potential for growth in the nuts market in Sudan.
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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