Food - Moldova

Moldova

Revenue in the Food market amounts to US$4,722.00m in 2024. The market is expected to grow annually by 7.28% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$1,152.00m 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$1,556.00 are generated in 2024.
In the Food market, 3.3% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 1,089.00m kg by 2029. The Food market is expected to show a volume growth of 1.8% in 2025.
The average volume per person in the Food market is expected to amount to 329.30kg 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

In Moldova, The Food market is experiencing minimal growth due to various factors including low consumer purchasing power, limited access to technology, and a lack of awareness about the benefits of online food services. However, the market is expected to see some growth in the long term, driven by the increasing demand for convenience food and the rise of e-commerce platforms. With the different sub-markets such as Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, and more, there is potential for growth in the future as consumers become more health-conscious and seek out healthier food options. The growth rate may also be impacted by government policies and regulations, as well as the availability and affordability of raw materials for food production.

Customer preferences: Consumers in Moldova are becoming more health-conscious and are seeking out healthier food options. This has led to a rise in demand for organic and locally sourced products. Additionally, there is a growing trend towards plant-based diets, as consumers are becoming more environmentally aware. This shift is also influenced by cultural traditions and beliefs, as a significant portion of the population follows vegetarian or vegan diets. As a result, there is a growing market for plant-based alternatives and health-focused food products.

Trends in the market: In Moldova, The Food market industry is experiencing a shift towards online and delivery services, with more consumers opting for convenient and contactless options. This trend is expected to continue, as the COVID-19 pandemic has accelerated the adoption of digital platforms for food purchases. Additionally, there is a rising demand for healthier and sustainable food options, leading to the emergence of organic and locally-sourced products in the market. These developments are significant for industry stakeholders, as they need to adapt to changing consumer preferences and invest in digital strategies to stay competitive. Furthermore, the increasing focus on health and sustainability in food choices could have implications for the supply chain and production processes in the future.

Local special circumstances: In Moldova, The Food market is heavily influenced by the country's agricultural landscape and rich cultural heritage. The fertile land and favorable climate allow for a diverse range of produce to be grown locally, leading to a strong emphasis on locally sourced and seasonal ingredients. Additionally, the traditional cuisine of Moldova is deeply ingrained in the culture, with many dishes reflecting a mix of Eastern European, Romanian, and Russian influences. This cultural emphasis on food and agriculture plays a significant role in shaping the dynamics of The Food market in Moldova.

Underlying macroeconomic factors: The Food market in Moldova is heavily influenced by macroeconomic factors. The country's economic health, fiscal policies, and global economic trends all play a significant role in shaping the market's performance. Moldova's current economic climate, with a GDP growth rate of 3.5% in 2020, is expected to continue its positive trend in the coming years. Additionally, the government's fiscal policies, aimed at promoting economic growth and stability, have created a favorable environment for The Food market. Furthermore, as global demand for healthy and sustainable food options increases, Moldova's agricultural sector is well-positioned to cater to this growing trend, further driving The Food market's growth.

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.