Vegetables - Jamaica

Jamaica

Highlights

Revenue in the Vegetables market amounts to US$485.90m in 2024. The market is expected to grow annually by 6.11% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$159bn in 2024).
In relation to total population figures, per person revenues of US$172.00 are generated in 2024.
In the Vegetables market, volume is expected to amount to 303.80m kg by 2029. The Vegetables market is expected to show a volume growth of 1.6% in 2025.0.
The average volume per person in the Vegetables market is expected to amount to 100.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Vegetables Market in Jamaica is experiencing minimal growth, influenced by factors such as changing consumer preferences, the impact of climate change on crop yields, and competition from imported products, which challenge local production and pricing strategies.

Customer preferences: Consumers in Jamaica are increasingly prioritizing fresh, locally-sourced vegetables as part of a broader commitment to health and sustainability, significantly influenced by cultural appreciation for traditional cuisine. Demographic shifts, particularly among younger generations, are driving demand for organic and pesticide-free options, reflecting a growing awareness of health impacts. Additionally, urbanization has spurred interest in convenient, ready-to-cook vegetable products, prompting local producers to innovate and adapt their offerings to meet these evolving lifestyle preferences.

Trends in the market: In Jamaica, the Vegetables Market is experiencing a notable shift towards fresh, locally-sourced produce, driven by consumers' increasing focus on health and sustainability. This trend is particularly pronounced among younger demographics, who are demanding organic and pesticide-free options, reflecting a heightened awareness of health implications. Furthermore, urbanization is leading to a surge in interest for convenient, ready-to-cook vegetable products, pushing local producers to innovate. These trends hold significant implications for industry stakeholders, as they must adapt to changing consumer preferences and invest in sustainable practices to remain competitive.

Local special circumstances: In Jamaica, the Vegetables Market is shaped by unique local factors, including the island's rich agricultural heritage and diverse climate, which support a wide array of crops. The cultural emphasis on traditional dishes combined with a resurgence of interest in indigenous vegetables influences consumer preferences toward local varieties. Additionally, regulatory frameworks promoting organic farming practices encourage sustainable methods. These elements foster a vibrant market environment where local producers can thrive, catering to health-conscious consumers while preserving cultural culinary traditions.

Underlying macroeconomic factors: The Vegetables Market in Jamaica is significantly influenced by macroeconomic factors such as global trade dynamics, inflation rates, and local agricultural policies. As international demand for organic and locally sourced produce rises, Jamaican farmers are presented with opportunities for export growth, bolstered by favorable trade agreements. However, inflation and fluctuating currency values can impact production costs and pricing strategies. Moreover, government initiatives aimed at subsidizing local agriculture and promoting food security play a crucial role in enhancing market stability. The interplay of these factors ultimately shapes consumer purchasing power and influences market trends within the food 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.