Key regions: South Korea, Philippines, Canada, United States, Japan
The Sweeteners market in Jordan's Food Market has been slowly growing, influenced by factors such as consumer preference for natural alternatives like honey, increasing health consciousness, and the convenience of online shopping. However, the market's minimal growth rate may be impacted by competition from sugar and artificial sweeteners, as well as economic factors.
Customer preferences: The Sweeteners Market of the Spreads & Sweeteners Market within The Food market in Jordan has seen a rise in demand for natural and organic options, as consumers become more health-conscious. This trend is driven by a growing awareness of the potential negative effects of artificial sweeteners on overall well-being. Additionally, there has been a shift towards healthier lifestyles, with consumers opting for natural sweeteners such as honey, maple syrup, and stevia. This is in line with the increasing popularity of clean and sustainable eating habits in the country.
Trends in the market: In Jordan, the Spreads & Sweeteners Market within The Food market is experiencing a similar trend towards digitalization. Online grocery shopping and delivery services have become increasingly popular, with consumers seeking convenience and safety amid the COVID-19 pandemic. This has led to a rise in e-commerce platforms and mobile apps offering a wide range of spreads and sweeteners. Additionally, there is a growing preference for natural and healthier alternatives, leading to an increase in demand for organic and plant-based spreads and sweeteners. These trends are significant for industry stakeholders as they must adapt their marketing and distribution strategies to cater to the changing consumer preferences. Moreover, the continued growth of e-commerce in The Food market in Jordan presents opportunities for new entrants and small businesses to reach a wider customer base. However, it may also pose a threat to traditional brick-and-mortar stores. As such, it is essential for stakeholders to invest in digital capabilities and online presence to stay competitive in the evolving market landscape.
Local special circumstances: In Jordan, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's traditional food culture. Jordanians have a preference for natural and locally sourced ingredients, which has led to the popularity of honey and dates as sweeteners. Additionally, the government has implemented strict regulations on artificial sweeteners, making it challenging for international brands to enter the market. This has created a niche for local sweetener producers, driving competition and innovation in the market.
Underlying macroeconomic factors: The Sweeteners Market of the Spreads & Sweeteners Market within The Food market is greatly impacted by macroeconomic factors in Jordan. The country's economic health and fiscal policies play a significant role in shaping the market's performance. Additionally, global economic trends such as changing consumer preferences and increasing health consciousness also influence the demand for sweeteners in Jordan. Moreover, government initiatives to promote healthy eating habits and reduce sugar intake are expected to have a significant impact on the sweeteners market in the country. Furthermore, the country's high prevalence of chronic diseases, such as diabetes and obesity, is driving the demand for low-calorie sweeteners. These factors, coupled with the increasing disposable income of Jordanian consumers, are expected to drive the growth of the sweeteners market in the country.
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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