Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat market in Suriname is experiencing minimal growth due to factors such as low consumer awareness and limited availability of online services. However, the sub-markets of Beef & Veal, Pork, Poultry, Mutton & Goat, and Other Fresh Meat have potential for growth with increasing demand for fresh and locally sourced meat. This market is expected to gradually grow as the country's economy continues to develop.
Customer preferences: With the rise of health-consciousness, consumers in Suriname are showing a growing preference for locally-sourced, organic and ethically-raised fresh meat products. This trend is driven by cultural values and a desire for sustainable and healthy food options. As a result, there has been an increase in demand for grass-fed and free-range meat, as well as for labeling and certification that guarantees ethical and sustainable production practices. This shift towards conscious consumption aligns with the global trend of consumers seeking transparency and sustainability in their food choices.
Trends in the market: In Suriname, the Fresh Meat Market within the Meat Market of The Food market is experiencing a shift towards sustainable and ethical meat production. This trend is driven by consumer demand for transparency and animal welfare, with many retailers implementing strict sourcing policies. Additionally, there is a growing interest in alternative proteins, such as plant-based and lab-grown meat, as consumers become more health-conscious and environmentally aware. This trend is expected to continue in the coming years, presenting opportunities for companies to differentiate themselves and cater to changing consumer preferences. However, it may also pose challenges for traditional meat producers who will need to adapt their practices to stay competitive in the market.
Local special circumstances: In Suriname, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's tropical climate and abundant natural resources. The local population's preference for fresh, locally-sourced meat has led to the rise of small-scale, family-owned butcher shops. Additionally, strict regulations on imported meat products have allowed for the development of a robust domestic meat industry. These factors contribute to the unique dynamics of the Fresh Meat Market in Suriname.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Suriname is heavily impacted by macroeconomic factors such as consumer spending, inflation rates, and trade policies. As a developing country, Suriname's economic health is heavily reliant on its main export, which is gold. The recent fluctuations in global gold prices have had a significant impact on consumer spending, which in turn affects the demand for fresh meat products. Additionally, the country's inflation rate has also been a major concern, with surges in food prices affecting the purchasing power of consumers. Furthermore, trade policies and agreements with other countries can also influence the availability and cost of fresh meat in the market. The overall economic stability and policies in Suriname play a crucial role in shaping the performance of the Fresh Meat Market within The Food market.
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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