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The Venezuela-Fruits and Vegetables Market size is projected to increase by USD 1,052.39 million and the market size is estimated to grow at a CAGR of 4.82% between 2022 and 2027.
This fruits and vegetables market report in Venezuela extensively covers market segmentation by product (fruits and vegetables) and distribution channel (offline and online). It also includes an in-depth analysis of drivers, trends, and challenges.
The rise in veganism is the key factor driving the growth of the fruits and vegetables market in Venezuela. Veganism is the practice of refraining from the use of animal products such as dairy, eggs, and honey, particularly in diet, and people who follow veganism are known as vegans. The rising adoption of a vegan lifestyle across the world will drive the growth of the fruits and vegetables market in Venezuela during the forecast period. People are turning vegan for better prosperity, detoxification, a sense of morality on creatures, and assurance of health benefits by consuming fruits and vegetables. The vegan population has increased exponentially, with three-fold growth in terms of sales of fruits and vegetables in the most recent decade. Nowadays, more people in Venezuela are willing to reduce their consumption of animal-derived food products. Rising vegan culture is a growing trend across the world. Moreover, there are numerous e-commerce stores that offer vegan products to customers online. Growing vegan culture is expected to fuel the growth of the fruits and vegetables market in Venezuela during the forecast period.
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Our researchers analyzed the data with 2022 as the base year, along with the key trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.
Increasing demand for organic fruits and vegetable products is the primary trend in the fruits and vegetables market in Venezuela. The food and beverage industry has seen an upsurge in the demand for organic fruits and vegetables. Owing to this, the fruits and vegetables market in Venezuela is predicted to witness growth during the forecast period. Organic food is gaining popularity across the world because it is produced without synthetic fertilizers, chemical pesticides, artificial substances, or genetic engineering.
During the forecast period, the organic food export of Venezuela, which includes organically farmed fruits and vegetables, is expected to expand. Organic fruits and vegetables offer an ideal solution for consumers who are seeking healthy food products made from flavorful and organic ingredients. Organic fruits and vegetables contain various minerals, vitamins, omega 3, and some antioxidant properties. Therefore, the rising demand for organic fruits and vegetables in the food and beverage industry in Venezuela is anticipated to drive the growth of the fruits and vegetables market in Venezuela during the forecast period.
Food contamination from fruits and vegetables is a major challenge to the growth of the fruits and vegetables market in Venezuela. Food poisoning or food-borne illnesses can affect a person who eats food that is contaminated by bacteria, viruses, parasites, toxins, or other substances. Every year, around three million people (1 in 8) in Venezuela suffer a food-borne illness. Salmonella enterica is a major food-borne illness in Venezuela. Consuming contaminated food makes people more likely to become sicker or develop a serious illness. These contaminants can infiltrate the supply chain in various ways, rendering food products unsafe for consumption. Marine biotoxins, cyanogenic glycosides, mycotoxins, and toxins found in toxic mushrooms are examples of naturally occurring poisons.
Long-term exposure to oxalates, which are found in staple fruits such as peach palms, can affect the immune system, disturb normal development, and even cause cancer in consumers. Furthermore, sudden climate change is likely to increase the risk of food poisoning. Fruits and vegetables degrade easily during periods of extreme heat and cold temperatures caused by climate change as these remain fresh longer when stored at a lower temperature (32F to 55F). Such factors are expected to hamper the growth of the fruits and vegetables market in Venezuela during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Fruits and Vegetables Market Customer Landscape in Venezuela
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The fruits and vegetables market in Venezuela report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Based on the distribution channel, the market has been segmented into offline and online. The offline segment will account for the largest share of this segment. The offline segment includes supermarkets, hypermarkets, convenience stores, discount stores, and cash and carries stores. Supermarkets and hypermarkets are popular distribution channels for the fruits and vegetables market in Venezuela. The wide prevalence of organized retail is increasing the sales of fruits and vegetables. Large shelf spaces and storage areas in these stores accommodate a wide variety of fruits and vegetables from different vendors, allowing consumers to choose products based on their preferred flavors and brands. Such factors will increase segment growth during the forecast period.
The market share growth by the fruits segment will be significant during the forecast period. The growing food industry across the world, coupled with increasing consumer expenditure on fresh food products such as fruits, is expected to drive the growth of the segment during the forecast period.
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The fruits segment was valued at USD 1,942.19 million in 2017 and continued to grow until 2021. Fruits are in high demand due to the growing vegan population. In addition, people in both developed and developing nations are becoming more conscious of the advantages of eating fresh and healthy foods, which has been a major market driver for the growth of the fruits segment. The increasing disposable income of consumers and economic growth in developing nations are driving the demand for fruits. Moreover, increasing awareness regarding the drawbacks of the consumption of meat is further driving the demand for fruits. Such factors will increase the segment growth during the forecast period.
The fruits and vegetables market report in Venezuela forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Venezuela-Fruits and Vegetables Market Scope |
|
Report Coverage |
Details |
Page number |
125 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.82% |
Market growth 2023-2027 |
USD 1,052.39 million |
Market structure |
USD Fragmented |
YoY growth 2022-2023(%) |
4.5 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Archer Daniels Midland Co., Bayer AG, Buhler AG, Campbell Soup Co., Cargill Inc., Danone SA, Dohler GmbH, Dole plc, General Mills Inc., Green Organic Vegetables Inc., Iceland Foods Ltd., Ingredion Inc., Keelings, Naturipe Farms LLC, Organic Valley, SYACLLC, Syngenta Crop Protection AG, The Kraft Heinz Co., and Z Natural Foods LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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