Food - Kyrgyzstan

Kyrgyzstan

Revenue in the Food market amounts to US$3,942.00m in 2024. The market is expected to grow annually by 8.23% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$837.20m in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$548.50 are generated in 2024.
In the Food market, 4.0% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 1,773.00m kg by 2029. The Food market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Food market is expected to amount to 221.00kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and 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. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Kyrgyzstan is experiencing minimal growth, influenced by factors such as low consumer awareness, lack of technological adoption, and limited access to online food services. Additionally, the market is impacted by sub-market specific challenges such as high production costs for dairy and meat products, and limited availability of fresh fruits and vegetables. Despite these challenges, The Food market in Kyrgyzstan holds potential for growth with increasing government initiatives towards promoting domestic food production and rising demand for convenience food options.

Customer preferences: As the economy continues to develop in Kyrgyzstan, there has been a noticeable increase in demand for organic and locally sourced food products. This trend is driven by a growing awareness of the benefits of sustainable and healthy eating, as well as a desire to support local farmers and businesses. This has also led to a rise in specialty food stores and farmers' markets, catering to the preferences of health-conscious consumers. Additionally, there has been a shift towards online grocery shopping, providing convenience and accessibility to a wider range of products.

Trends in the market: In Kyrgyzstan, The Food market is experiencing a shift towards healthier and more sustainable options. With a growing awareness of the impact of food choices on personal health and the environment, consumers are seeking out organic, locally-sourced and plant-based products. This trend is expected to continue as government initiatives and consumer education campaigns promote sustainable food production and consumption. Industry stakeholders should adapt to this trend by offering a wider range of sustainable and healthy options, as well as investing in marketing campaigns that highlight their commitment to sustainability. Failure to do so may result in losing market share to competitors who are able to meet the evolving demands of conscious consumers.

Local special circumstances: In Kyrgyzstan, The Food market is heavily influenced by the country's geographical location, situated between China and Russia. This has resulted in a unique blend of Eastern and Western food cultures, with a strong emphasis on traditional dishes using locally-sourced ingredients. Additionally, Kyrgyzstan has a strong nomadic heritage, which has influenced The Food market with a focus on dairy products and meat, as well as a strong emphasis on communal dining and hospitality. These cultural factors have shaped the market dynamics, with a strong demand for locally-produced, fresh and organic food products.

Underlying macroeconomic factors: The Food market in Kyrgyzstan is also significantly impacted by macroeconomic factors, such as global economic trends, national economic health, and fiscal policies. The country's economic stability and growth directly influence consumer spending and purchasing power, which in turn affects the demand for food products. Fiscal policies, such as taxes and subsidies, can also impact the cost of production and distribution, ultimately affecting the prices of food items in the market. Additionally, factors such as inflation, currency exchange rates, and trade policies can also have a significant impact on The Food market in Kyrgyzstan. It is essential for businesses and investors to closely monitor these macroeconomic factors to make informed decisions and adapt to market conditions.

Methodology

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.