Non-Alcoholic Drinks - Suriname

The Non-Alcoholic Drinks market in Suriname has been experiencing significant growth in recent years. Customer preferences have shifted towards healthier beverage options, leading to increased demand for non-alcoholic drinks. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in Suriname have been evolving towards healthier choices in the beverage industry. Consumers are becoming more conscious of their health and are actively seeking out non-alcoholic alternatives. This trend is in line with global preferences, as health-consciousness has been on the rise worldwide. As a result, there has been a surge in the demand for non-alcoholic drinks in Suriname, with consumers opting for options such as fruit juices, flavored water, and herbal teas. The market has also witnessed the emergence of innovative and unique non-alcoholic beverages to cater to consumer preferences. Local and international beverage companies have introduced a wide range of products with natural and organic ingredients, appealing to health-conscious consumers. These products often highlight their nutritional benefits and use of sustainable sourcing methods, which resonates with the environmentally-conscious population in Suriname. In addition to changing customer preferences, local special circumstances have played a role in the development of the Non-Alcoholic Drinks market in Suriname. The country's tropical climate and abundance of fresh fruits have made it an ideal market for fruit juices and smoothies. Suriname's diverse cultural heritage has also influenced the demand for non-alcoholic drinks, with traditional beverages like sorrel and ginger beer being popular choices during festive occasions. Underlying macroeconomic factors have further contributed to the growth of the Non-Alcoholic Drinks market in Suriname. The country has experienced steady economic growth in recent years, leading to an increase in disposable income among the population. As a result, consumers have more purchasing power to explore different beverage options, including non-alcoholic drinks. This economic stability has also attracted foreign investment in the beverage industry, leading to the introduction of new products and brands in the market. In conclusion, the Non-Alcoholic Drinks market in Suriname is developing due to changing customer preferences towards healthier options, the emergence of innovative products, local special circumstances, and underlying macroeconomic factors. As consumers become more health-conscious and the economy continues to grow, the market is expected to further expand in the coming years.

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.