Fruits and Vegetables Market in Uruguay Forecast 2022-2026
The fruits and vegetables market in Uruguay is expected to increase by 2214.52 thousand units from 2021 to 2026, at a CAGR of 6.59%.
The market in Uruguay report also offers information on several market companies, including Domingo Moizo, Envista Farms, Guarino, Kaltur Importaciones, Pingakol, Proexur, and Rmoizo among others.
What will the Fruits and Vegetables Market Size in Uruguay be During the Forecast Period?
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Key Drivers, Trends, and Challenges
The rising consumption to maintain a healthier diet is notably driving the market growth in Uruguay, although factors such as the increase in unfair trade practices may impede the market growth. The holistic market trends and analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Driver
One of the key factors driving the market growth in Uruguay is the rising consumption to maintain a healthier diet. Urbanization and consumerism trends have prompted extensive changes in the lifestyles of consumers, with a shift toward more healthy diets. Consumption of these products helps to prevent major diseases such as cancer as they are a great source of vitamins, such as Vitamin C, A, B, and E, and dietary fiber. They also help in weight management, lowering blood cholesterol levels, and controlling insulin and glycemic responses. Thus, the health benefits of consuming these products are expected to support the growth of the market in Uruguay over the forecast period.
Significant Trend
Another key factor driving the market growth in Uruguay is the rising demand for climate-smart agricultural (CSA) practices such as precision farming. Furthermore, the use of modern technologies such as mapping software, variable rate technology (VRT), yield mapping software, and data management software in agricultural operations will also help improve land fertility and profitability, promote sustainable agriculture, maximize productivity, and reduce costs related to agricultural activities. The Ministry of Livestock, Agriculture, and Fisheries (MGAP) of Uruguay has prioritized adapting to climate variability and change in its policies and actions, making it one of the key pillars for a sustainable future. Such factors are enhancing the adoption of CSA practices by farmers, which will accelerate the growth of the market in focus during the forecast period
Major Challenge
One of the key challenges to the market growth in Uruguay is the increase in unfair trade practices that consist of various fraudulent, deceptive, false representation, tied selling, and unethical methods to sustain in the market. Such practices make it difficult for consumers to trust the products available in the market. The media is witnessing frequent negative feedback regarding their effectiveness. This has compelled consumers to prefer natural and fresh sources of nutrition. In Uruguay, consumers value the opinion of local healthcare experts over established research. Hence, the lack of trust and misrepresentation in the media of data from available studies are expected to hinder the growth of the market in Uruguay.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the market trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Companies in Uruguay?
The report analyzes the market’s competitive landscape and offers information on several market companies, including:
- Domingo Moizo
- Envista Farms
- Guarino
- Kaltur Importaciones
- Pingakol
- Proexur
- Rmoizo
This statistical study of the market in Uruguay encompasses successful business strategies deployed by the key companies. The market in Uruguay is concentrated and the companies are deploying growth strategies such as investment in research and development (R&D) and promotion on social media platforms to compete in the market.
Product Insights and News
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Guarino - The company offers fresh citrus and vegetables such as Orri, Avana, lemons, and others.
The market in Uruguay forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Market in Uruguay Value Chain Analysis
Our report provides extensive information on the value chain analysis for the market in Uruguay, which companies can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help companies drive costs and enhance customer services during the forecast period.
The value chain of the global packaged foods and meats market includes the following core components:
- Inputs
- Inbound logistics
- Outbound logistics
- End-customers
- Marketing and sales
- Services
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Type Segments in the Market?
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The market share growth in Uruguay by the vegetables segment will be significant during the forecast period. The significant increase in the demand for vegetables due to growing awareness for a healthy diet and veganism is expected to support the growth in this segment. Moreover, the rise in vegetable prices in the country will further fuel the growth of the segment. For instance, in 2022, the wholesale price of vegetables in Uruguay is expected to be USD 8 to USD 11 per kilogram or USD 3.63 to USD 4.99 per pound (lb), which is expected to further drive the growth of the market in focus during the forecast period.
Market Analyst Overview
The Market encompasses a wide variety of produce, including oranges, tangerines, apples, cranberries, blueberries, pears, melons, grapes, peaches, quinces, sweet potatoes, dry peas, onions, pumpkins, squash, potatoes, and broad beans. Uruguay boasts a thriving citrus fruit production sector, supported by a robust traceability system and a strong emphasis on food safety and quality. The country's fruit and vine production is primarily targeted at the domestic market, particularly in the southern part of the country, known for its favorable growing regions and conducive Uruguayan climate and fertile land.
Uruguay is increasingly adopting agro-intelligent technology and phytosanitary elements to mitigate risk and ensure responsible production. In addition to blueberries, the government's zero restrictions on exports for agro-industrial products provide a competitive advantage. Measures like insurance against extreme climate events aim to mitigate the risk of loss of fruit and vegetable production. The quality of Uruguayan products is recognized internationally, leading to their presence in various other countries.
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Market Scope in Uruguay |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 6.59% |
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Market growth 2022-2026 |
2214.52 th units |
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Market structure |
Concentrated |
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YoY growth (%) |
7.52 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Domingo Moizo, Envista Farms, Guarino, Kaltur Importaciones, Pingakol, Proexur, and Rmoizo |
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Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market growth analysis for the forecast period |
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Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Report in Uruguay?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth in Uruguay during the next five years
- Precise estimation of the market size in Uruguay and its contribution to the parent market
- Accurate predictions on market growth and trends and changes in consumer behavior
- market research and growth in Uruguay
- A thorough market analysis and report of the market’s competitive landscape and detailed information on companies
- Comprehensive details of market growth and forecasting factors that will challenge the growth of companies in Uruguay
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