Definition:
The Fresh Vegetables market covers several types of fresh edible plants (both whole or part of, fresh and chilled) that haven't been canned, frozen, dehydrated, or preserved in any way. This market is divided into seven submarkets that are tomatoes, potatoes, leafy vegetables, cabbage vegetables, onions, root vegetables & mushrooms, and other fresh vegetables such as pumpkins, eggplants, zucchinis, cucumbers, paprikas, bamboo shoots, and legumes.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.
For more information on the displayed data, click the info button on the right side of each box.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fresh Vegetables Market in Equatorial Guinea is witnessing minimal growth, influenced by factors such as limited agricultural infrastructure, fluctuating consumer preferences, and challenges in supply chain management, which hinder overall market expansion and accessibility.
Customer preferences: In Equatorial Guinea, there is a notable shift towards health-conscious eating, with consumers increasingly prioritizing fresh and organic vegetables in their diets. This change is influenced by rising awareness of nutrition and the health benefits associated with a plant-based diet. Additionally, younger demographics, particularly urban dwellers, are driving demand for convenience, leading to a growth in online grocery shopping and delivery services. Cultural preferences for traditional dishes are also evolving, as more households experiment with international cuisines, further increasing the interest in diverse vegetable options.
Trends in the market: In Equatorial Guinea, the Fresh Vegetables Market is experiencing a surge in demand for locally sourced and organic produce, driven by a growing health consciousness among consumers. This trend is particularly prominent among younger, urban populations who are more inclined to adopt sustainable eating practices. Additionally, there is an increasing preference for online shopping platforms, which cater to the desire for convenience. As traditional culinary practices evolve, there is a notable exploration of international vegetable varieties, which not only enriches local cuisine but also presents opportunities for farmers and distributors to diversify their offerings and expand their market reach.
Local special circumstances: In Equatorial Guinea, the Fresh Vegetables Market is influenced by the country's tropical climate, which supports the cultivation of a diverse range of crops year-round. The cultural emphasis on traditional diets rich in vegetables further fuels demand, particularly for indigenous varieties. Regulatory support for local agriculture initiatives enhances access to resources for small-scale farmers. Additionally, the country's limited infrastructure challenges prompt a shift toward community-supported agriculture models, fostering direct connections between consumers and local producers and bolstering the market for fresh, locally sourced vegetables.
Underlying macroeconomic factors: The Fresh Vegetables Market in Equatorial Guinea is shaped by several macroeconomic factors, including national economic health, global commodity prices, and trade policies. The country’s ongoing efforts to diversify its economy away from oil reliance are fostering greater investment in agriculture. Favorable fiscal policies aimed at supporting local farmers enhance production capabilities and accessibility to markets. Moreover, fluctuations in global vegetable prices can impact local purchasing power and consumer behavior. Additionally, infrastructural development initiatives, alongside investments in transportation and storage, are crucial for reducing post-harvest losses and improving market access, ultimately driving the growth of the fresh vegetables sector.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights