Food - Uzbekistan

Uzbekistan

Revenue in the Food market amounts to US$9.70bn in 2024. The market is expected to grow annually by 9.18% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$1.86bn 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$272.00 are generated in 2024.
In the Food market, 2.3% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 8.92bn kg by 2029. The Food market is expected to show a volume growth of 4.5% in 2025.
The average volume per person in the Food market is expected to amount to 210.40kg 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 Uzbekistan is experiencing slow growth due to factors such as limited consumer awareness and lack of access to digital technologies. Sub-markets like dairy, meat, and fruits face challenges in terms of production and distribution, while convenience food and confectionery struggle with changing consumer preferences. Despite these challenges, the market is expected to see modest growth as the government focuses on improving infrastructure and promoting domestic production.

Customer preferences: With the rise of health consciousness and changing dietary preferences, there is a growing demand for organic and locally sourced food products in Uzbekistan. Consumers are also showing a preference for sustainable and environmentally friendly food options. This trend is being driven by the younger generation, who are more aware of the impact of their food choices on the planet. As a result, there has been an increase in the availability of organic and sustainable food options in the market, catering to this growing demand.

Trends in the market: In Uzbekistan, The Food market industry is experiencing a rise in online food delivery services, with more consumers turning to digital platforms to order meals from their favorite restaurants. Additionally, there is a growing trend of using food delivery apps to track orders and receive real-time updates on delivery status. This shift towards digital food services is significant for industry stakeholders as it presents new opportunities for revenue growth and customer engagement. With the increasing demand for convenience and speed, it is likely that this trend will continue to gain momentum in the coming years, potentially leading to a decline in traditional dine-in restaurants. As such, it is crucial for industry players to adapt and invest in technology to stay competitive in the evolving market landscape.

Local special circumstances: In Uzbekistan, The Food market is largely influenced by the country's geography and cultural traditions. Due to its landlocked location, the market heavily relies on imports for certain food items, leading to fluctuating prices and availability. The local cuisine, heavily influenced by Central Asian and Middle Eastern flavors, has a strong presence in the market, with popular dishes such as plov and shashlik. Additionally, the government's strict regulations on food safety and quality play a significant role in shaping market dynamics. These factors create a unique market landscape, setting Uzbekistan's Food Market apart from others.

Underlying macroeconomic factors: The Food market in Uzbekistan is heavily influenced by macroeconomic factors such as the country's overall economic health, global economic trends, fiscal policies, and other financial indicators. The growth of this market is also impacted by the increasing prevalence of chronic diseases and the aging population worldwide, as well as technological advancements and regulatory support. Countries with favorable regulatory environments and strong investment in food industry infrastructure are experiencing faster market growth compared to regions with regulatory challenges and limited funding. This is driving the demand for improved food access and quality, as well as innovative food solutions to meet the growing needs of the population. With a growing economy and favorable government policies, Uzbekistan's Food Market is poised for sustained growth in the coming years.

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.