Juices - Haiti | Statista Market Forecast

Juices - Haiti

Haiti

Highlights

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Juices market amounts to US$114.80m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$71.90m in 2024.
Revenue, combined amounts to US$186.70m in 2024.
The revenue, at home is expected to grow annually by 12.10% (CAGR 2024-2029).
In global comparison, most revenue, at home is generated United States (US$14bn in 2024).
In relation to total population figures, the average revenue per capita, at home of US$9.67 are generated in 2024.
In the Juices market, volume, at home is expected to amount to 21.41m L by 2024.
Volume, out-of-home is expected to amount to 3.16m L in 2024.
Volume, combined is expected to amount to 24.57m L in 2024.
The Juices market is expected to show a volume growth, at home of 0.3% in 2025.0.
The average volume per person, at home in the Juices market is expected to amount to 1.80L in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Juices market in Haiti has been experiencing significant growth in recent years. Customer preferences have shifted towards healthier beverage options, leading to an increased demand for juices. In addition, local special circumstances and underlying macroeconomic factors have played a role in the development of the market.

Customer preferences: Customers in Haiti have shown a growing preference for healthier beverage options, including juices. This can be attributed to a global trend towards healthier lifestyles and an increased awareness of the benefits of consuming fruits and vegetables. As a result, consumers are seeking out juices that are made from natural ingredients and free from artificial additives. They are also looking for juices that are low in sugar and high in nutritional value. This shift in customer preferences has led to an increased demand for a variety of juices, including both fruit and vegetable-based options.

Trends in the market: One of the key trends in the Juices market in Haiti is the rise of local juice brands. These brands are capitalizing on the demand for natural and healthy juices by offering products that are made from locally sourced fruits and vegetables. This not only appeals to customers who are looking for authentic and sustainable options but also supports local farmers and promotes economic growth within the country. In addition, there has been a growing interest in organic juices, with consumers willing to pay a premium for products that are certified organic. Another trend in the market is the introduction of innovative flavors and blends. Juice companies are constantly experimenting with new combinations of fruits and vegetables to create unique and appealing flavors. This not only adds variety to the market but also caters to different customer preferences. For example, some consumers may prefer sweeter fruit juices, while others may be more interested in vegetable-based juices that offer a savory taste.

Local special circumstances: Haiti is known for its rich agricultural resources, including a wide variety of fruits and vegetables. This provides a unique advantage for the Juices market, as local companies have access to a diverse range of fresh produce. This allows them to create juices that are not only delicious but also packed with essential vitamins and minerals. Furthermore, the use of locally sourced ingredients supports the local economy and helps to reduce the country's reliance on imported goods.

Underlying macroeconomic factors: The Juices market in Haiti is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth in recent years, which has led to an increase in disposable income. As a result, consumers have more purchasing power and are able to spend more on premium juice products. In addition, the tourism industry in Haiti has been growing, attracting visitors from around the world. These tourists are often interested in trying local products, including juices, which further drives the demand for juices in the market. In conclusion, the Juices market in Haiti is developing due to changing customer preferences towards healthier options, the rise of local juice brands, the introduction of innovative flavors, the country's rich agricultural resources, and the underlying macroeconomic factors such as economic growth and tourism. This presents opportunities for both local and international juice companies to expand their presence in the market and cater to the growing demand for juices in Haiti.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

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 (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level 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 Non-Alcoholic Drinks 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.