Key regions: Japan, United Kingdom, Philippines, India, Canada
The Vegetables Market within The Food market in CIS has shown subdued growth, influenced by factors like fluctuating agricultural yields, changing consumer preferences towards convenience, and the rising demand for both fresh and processed vegetable options amid economic challenges.
Customer preferences: Consumers in the CIS region are increasingly prioritizing health and sustainability, leading to a rise in demand for organic and locally sourced vegetables. This trend is influenced by a growing awareness of nutrition and environmental impact, particularly among younger demographics. Additionally, the convenience factor has prompted a shift towards ready-to-cook vegetable kits and pre-packaged options. As urbanization continues, busy lifestyles are driving interest in quick meal solutions, while cultural shifts are fostering a preference for plant-based diets, enhancing the appeal of diverse vegetable offerings.
Trends in the market: In the CIS region, the Vegetables Market is experiencing a surge in demand for organic and locally sourced produce, driven by consumers' increasing focus on health and environmental sustainability. Younger generations are particularly influential in this shift, advocating for nutrition-conscious choices. Additionally, the popularity of ready-to-cook vegetable kits is rising, catering to urban dwellers seeking convenience amid busy lifestyles. This trend towards quick meal solutions and plant-based diets presents significant opportunities for industry stakeholders, encouraging innovation and partnerships that enhance supply chains and product offerings.
Local special circumstances: In the CIS region, the Vegetables Market is shaped by unique local factors such as diverse climates and soil types, which allow for a wide variety of vegetable cultivation. Cultural preferences for traditional dishes that incorporate fresh vegetables influence consumer purchasing decisions, while regulatory support for organic farming practices fosters growth in the organic segment. Additionally, the region's emphasis on food security drives demand for locally sourced produce, as consumers seek to support domestic agriculture and reduce reliance on imports. This blend of geographical, cultural, and regulatory elements creates a distinct market dynamic that promotes innovation and sustainability within the sector.
Underlying macroeconomic factors: The Vegetables Market in the CIS region is significantly influenced by macroeconomic factors, including global trade dynamics, national economic stability, and agricultural investment policies. Fluctuations in global commodity prices affect local farmers' profitability and pricing strategies, while economic growth in the region boosts consumer purchasing power, leading to increased demand for fresh produce. Additionally, government initiatives promoting sustainable agriculture and food security enhance domestic production capabilities. Currency stability and access to financing further impact farmers’ ability to invest in modern farming techniques, ultimately shaping the overall market landscape for vegetables in the CIS.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
