Vegetables - Suriname

Suriname

Highlights

Revenue in the Vegetables market amounts to US$15.62m in 2024. The market is expected to grow annually by 7.14% (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$24.84 are generated in 2024.
In the Vegetables market, volume is expected to amount to 10.76m kg by 2029. The Vegetables market is expected to show a volume growth of 2.5% in 2025.0.
The average volume per person in the Vegetables market is expected to amount to 15.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Vegetables Market in Suriname is witnessing negligible growth, influenced by limited consumer demand, seasonal availability, and competition from imports. Additionally, changing dietary preferences and economic factors are impacting the market's overall performance.

Customer preferences: Consumers in Suriname are increasingly gravitating towards locally sourced and organic vegetables, driven by a heightened awareness of health and sustainability. This shift reflects a growing preference for fresh, chemical-free produce, influenced by cultural values surrounding traditional diets. Additionally, younger demographics are embracing vegetarian and vegan lifestyles, prompting a demand for diverse vegetable options. Social media platforms are playing a pivotal role in promoting these trends, encouraging a community-focused approach to sustainable eating and local agriculture.

Trends in the market: In Suriname, the Vegetables Market is experiencing a notable shift towards the consumption of locally sourced and organic produce, as consumers become more health-conscious and environmentally aware. This trend is gaining momentum, particularly among younger demographics who are increasingly adopting vegetarian and vegan diets, leading to a surge in demand for a wider variety of vegetables. Furthermore, social media platforms are amplifying these trends by fostering community engagement around sustainable agriculture and healthy eating practices. For industry stakeholders, this shift presents significant opportunities for innovation in product offerings, marketing strategies, and supply chain enhancements to meet the evolving preferences of consumers.

Local special circumstances: In Suriname, the Vegetables Market is uniquely shaped by its rich biodiversity and fertile soil, which supports a variety of local crops like cassava and plantains. Cultural traditions emphasize the use of fresh, seasonal ingredients in daily cooking, enhancing the appreciation for locally grown produce. Additionally, regulatory support for sustainable farming practices is fostering organic agriculture. These local factors not only strengthen community ties but also create a niche market for artisanal and organic vegetables, differentiating Suriname from larger, industrialized food markets.

Underlying macroeconomic factors: The Vegetables Market in Suriname is significantly influenced by macroeconomic factors such as agricultural policy, trade dynamics, and infrastructure investment. The government's focus on enhancing agricultural productivity and sustainability drives both local crop production and export potential. Global trends towards healthy eating and organic produce are boosting demand for Surinamese vegetables, positioning them favorably in international markets. Additionally, fluctuations in commodity prices and currency stability impact farmers' income and market accessibility. Overall, the combination of supportive fiscal policies and global health trends fosters a vibrant environment for the growth of the local vegetable market.

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.