Fresh Vegetables - Dominican Republic

Dominican Republic

Highlights

Revenue in the Fresh Vegetables market amounts to US$1.45bn in 2024. The market is expected to grow annually by 8.13% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$101bn in 2024).
In relation to total population figures, per person revenues of US$126.70 are generated in 2024.
In the Fresh Vegetables market, volume is expected to amount to 1.08bn kg by 2029. The Fresh Vegetables market is expected to show a volume growth of 5.3% in 2025.0.
The average volume per person in the Fresh Vegetables market is expected to amount to 77.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Vegetables Market in the Dominican Republic is experiencing subdued growth, influenced by factors such as fluctuating weather conditions, varying consumer preferences, and competition from imported produce, which collectively impact local production and sales.

Customer preferences: In the Dominican Republic, there is a notable shift towards health-conscious eating, with consumers increasingly prioritizing fresh, locally-sourced vegetables over imported options. This trend is influenced by a growing awareness of nutrition and wellness, particularly among younger demographics who are more inclined to adopt plant-based diets. Additionally, the rise of urban farming initiatives and community-supported agriculture reflects a cultural emphasis on sustainability and supporting local economies. As lifestyles become busier, convenience in sourcing fresh produce is also becoming a key factor in consumer choices, leading to greater demand for delivery services and farmer's markets.

Trends in the market: In the Dominican Republic, the Fresh Vegetables Market is experiencing a significant shift towards organic and locally-sourced produce, driven by a rising consumer preference for health-oriented diets. This trend is particularly prominent among millennials and Gen Z, who are increasingly opting for vegetarian and vegan options. Moreover, the proliferation of farmer's markets and online delivery platforms is making fresh vegetables more accessible, catering to the busy lifestyles of urban dwellers. This movement not only emphasizes sustainability but also supports local farmers, presenting opportunities for industry stakeholders to invest in eco-friendly practices and community engagement initiatives.

Local special circumstances: In the Dominican Republic, the Fresh Vegetables Market is shaped by its rich biodiversity and favorable climate, allowing for year-round cultivation of a variety of crops. The cultural emphasis on fresh, home-cooked meals enhances the demand for locally-sourced produce, as traditional recipes often highlight seasonal ingredients. Additionally, government initiatives promoting agricultural sustainability and organic farming practices are fostering a supportive regulatory environment. This combination of geographical advantages and cultural preferences is driving innovation and investment in the fresh vegetable sector, creating unique opportunities for growth.

Underlying macroeconomic factors: The Fresh Vegetables Market in the Dominican Republic is significantly influenced by macroeconomic factors such as agricultural productivity, trade policies, and consumer spending habits. The country's economic health, characterized by moderate GDP growth and stable inflation rates, supports increased investments in the agricultural sector. Favorable fiscal policies, including subsidies for local farmers and incentives for organic farming, enhance competitiveness and sustainability. Furthermore, global trends such as rising health consciousness and demand for organic produce are propelling local farmers to innovate. These dynamics create a robust environment for growth in the fresh vegetables market, aligning with both domestic consumption patterns and international market opportunities.

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.