Juices - Rwanda | Statista Market Forecast

Juices - Rwanda

Rwanda

Highlights

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Juices market amounts to US$76.08m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$3.21m in 2024.
Revenue, combined amounts to US$79.29m in 2024.
The revenue, at home is expected to grow annually by 6.35% (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$5.28 are generated in 2024.
In the Juices market, volume, at home is expected to amount to 33.54m L by 2024.
Volume, out-of-home is expected to amount to 651.30k L in 2024.
Volume, combined is expected to amount to 34.19m L in 2024.
The Juices market is expected to show a volume growth, at home of 2.3% in 2025.0.
The average volume per person, at home in the Juices market is expected to amount to 2.33L in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Juices market in Rwanda has been experiencing steady growth in recent years. Customer preferences have shifted towards healthier beverage options, leading to an increased demand for juices. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: In Rwanda, there has been a growing awareness of the importance of a healthy lifestyle, including a focus on nutrition and wellness. As a result, customers are increasingly seeking out beverages that are perceived as healthier alternatives to carbonated drinks and other sugary beverages. Juices, particularly those made from natural fruits and vegetables, have gained popularity among health-conscious consumers. They are seen as a convenient way to incorporate essential vitamins and minerals into their diets.

Trends in the market: One of the key trends in the Juices market in Rwanda is the rise of locally sourced and organic ingredients. Customers are becoming more interested in knowing where their food comes from and are willing to pay a premium for products that are made with locally grown fruits and vegetables. This trend aligns with the overall global movement towards sustainability and supporting local farmers. Another trend in the market is the increasing variety of juice flavors available. Manufacturers are constantly innovating and introducing new flavors to cater to the diverse preferences of consumers. This includes unique combinations of fruits and vegetables, as well as exotic flavors from around the world. The wide range of options allows customers to experiment and find flavors that suit their individual tastes.

Local special circumstances: Rwanda is known for its rich agricultural resources, including a variety of fruits and vegetables that are used in the production of juices. The country's favorable climate and fertile soil contribute to the high quality and abundance of these ingredients. This local advantage allows for the production of fresh and flavorful juices, which are highly valued by consumers. Furthermore, the government of Rwanda has been actively promoting the development of the agricultural sector, including the production of fruits and vegetables. This support has created opportunities for local farmers to increase their production and supply the growing demand for juice ingredients. The government's efforts have also led to the establishment of processing facilities and the improvement of infrastructure, which further supports the growth of the Juices market.

Underlying macroeconomic factors: The economic growth and rising disposable incomes in Rwanda have played a significant role in the development of the Juices market. As more people have the means to afford premium and healthier beverage options, the demand for juices has increased. Additionally, urbanization and changing lifestyles have contributed to the shift in customer preferences towards convenient and nutritious beverages. Furthermore, the government's focus on improving healthcare and promoting a healthy lifestyle has created a conducive environment for the growth of the Juices market. Public awareness campaigns and initiatives have raised awareness about the benefits of consuming fruits and vegetables, further driving the demand for juices. Overall, the Juices market in Rwanda is experiencing growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. As consumers continue to prioritize health and wellness, the market is expected to expand further, with opportunities for innovation and the introduction of new products.

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.