Vegetables - Seychelles

Seychelles

Highlights

Revenue in the Vegetables market amounts to US$32.72m in 2024. The market is expected to grow annually by 3.55% (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$302.20 are generated in 2024.
In the Vegetables market, volume is expected to amount to 23.02m kg by 2029. The Vegetables market is expected to show a volume growth of 2.0% in 2025.0.
The average volume per person in the Vegetables market is expected to amount to 194.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Vegetables Market in Seychelles is witnessing a stable growth trajectory, influenced by factors like rising health consciousness, growing demand for fresh produce, and the increasing popularity of convenient meal options that incorporate vegetables.

Customer preferences: In Seychelles, consumers are increasingly prioritizing sustainable and locally sourced vegetables, reflecting a growing awareness of environmental impact and food security. This trend is further fueled by a younger demographic that values organic farming practices and seeks transparency in food sourcing. Additionally, as lifestyles become busier, there is a rising preference for ready-to-cook vegetable packs and meal kits, catering to convenience while still promoting healthy eating. Cultural influences also play a role, as traditional dishes are being reimagined to include more vegetables, appealing to both locals and tourists.

Trends in the market: In Seychelles, the Vegetables Market is experiencing a notable shift towards organic and locally sourced produce, driven by heightened consumer awareness of sustainability and food security. The younger population is increasingly advocating for transparency in sourcing, leading to a greater demand for eco-friendly farming practices. Additionally, the convenience of ready-to-cook vegetable packs and meal kits is gaining traction, catering to busy lifestyles while promoting healthy eating. This trend not only enhances culinary diversity by incorporating vegetables into traditional dishes but also presents significant opportunities for local farmers and retailers to innovate and align with consumer values.

Local special circumstances: In Seychelles, the Vegetables Market is shaped by the islands' unique geographical isolation and rich biodiversity, which influences the availability of local produce. The cultural emphasis on fresh, home-cooked meals fosters a strong preference for seasonal vegetables, while traditional agricultural practices coexist with modern organic farming methods. Regulatory support for sustainable agriculture enhances local farmers' capabilities, promoting eco-friendly practices. This combination of factors not only cultivates a thriving market for organic vegetables but also encourages culinary innovation rooted in Seychellois heritage.

Underlying macroeconomic factors: The Vegetables Market in Seychelles is significantly influenced by macroeconomic factors such as global agricultural trends, national economic stability, and trade policies. The islands' reliance on imports for many food products creates a vulnerability to global supply chain disruptions, which can affect the availability and pricing of vegetables. Additionally, government initiatives aimed at promoting local agriculture and sustainability bolster the market, encouraging investment in farming technologies and practices. Economic health indicators, such as inflation rates and consumer spending power, also play a crucial role, as they directly impact demand for fresh produce, particularly among local populations prioritizing quality and sustainability in their dietary choices.

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.