Key regions: Russia, China, Spain, Canada, United Kingdom
The Meat Market in Suriname is experiencing minimal growth due to various factors such as limited consumer awareness of alternatives to traditional meat, low disposable income, and lack of infrastructure for online meat sales. Despite the potential for growth in sub-markets like Fresh Meat and Meat Substitutes, the overall market is hindered by these challenges.
Customer preferences: Consumers in Suriname are increasingly turning towards locally sourced and sustainable meat products, as environmental and ethical concerns continue to shape their purchasing decisions. This trend is particularly evident among the younger generation, who prioritize responsible and ethical consumption. Furthermore, there has been a rise in demand for plant-based meat alternatives, driven by a growing number of individuals adopting flexitarian and vegetarian diets. This shift towards conscious and mindful meat consumption is expected to continue in the foreseeable future.
Trends in the market: In Suriname, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices. This trend is driven by consumer demand for transparency and ethical sourcing in meat production. As a result, there is an increase in the availability of organic and locally sourced meat products in the market. This trend is expected to continue, as consumers become more conscious of the environmental and social impact of their food choices. For industry stakeholders, this presents an opportunity to differentiate themselves and cater to the growing demand for sustainable meat options. However, it also poses challenges in terms of supply chain management and pricing, as sustainable practices can be more costly. Overall, the trajectory of this trend is towards a more responsible and conscious meat market in Suriname.
Local special circumstances: In Suriname, the Meat Market within The Food market is heavily influenced by the country's diverse cultural background and its tropical climate. The Surinamese population has a strong preference for locally-sourced meat products, resulting in a thriving market for traditional meats like pork and venison. Additionally, government regulations and trade agreements with neighboring countries play a significant role in shaping the meat market in Suriname. The abundance of fresh, tropical fruits and vegetables also contributes to the unique flavor profiles of Surinamese meat dishes, creating a distinct market that sets it apart from other countries.
Underlying macroeconomic factors: The Meat Market within The Food market in Suriname is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's economic growth and stability play a significant role in the demand for meat products, as it directly affects the purchasing power of consumers. Additionally, government policies and regulations related to trade and agriculture also impact the availability and prices of meat products in the market. Moreover, the increasing global demand for protein-rich diets and the rise in health consciousness among consumers are driving the growth of the Meat Market in Suriname. These factors, along with the country's economic performance, will continue to shape the future of the Meat Market within The Food market in Suriname.
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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