Fruits & Nuts - Montenegro

Montenegro

Revenue in the Fruits & Nuts market amounts to €106.70m in 2024. The market is expected to grow annually by 4.68% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€124bn in 2024).
In relation to total population figures, per person revenues of €170.40 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 29.36m kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 2.4% in 2025.
The average volume per person in the Fruits & Nuts market is expected to amount to 42.2kg in 2024.

Key regions: United Kingdom, Spain, South Korea, Russia, Philippines

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Fruits & Nuts Market in Montenegro is facing stagnant growth, influenced by factors such as limited consumer spending, seasonal availability, and competition from imported goods. Additionally, changing dietary preferences and economic conditions are impacting overall market dynamics.

Customer preferences: Consumers in Montenegro are increasingly gravitating towards organic and locally-sourced fruits and nuts, reflecting a growing awareness of health and sustainability. This shift is influenced by a younger demographic that values transparency in food sourcing and is willing to pay a premium for quality. Additionally, the rise of health-conscious lifestyles is driving demand for snackable, nutrient-dense options, as individuals seek convenient ways to incorporate healthier choices into their diets. Cultural events and local festivals further promote traditional Montenegrin produce, enhancing community engagement.

Trends in the market: In Montenegro, the Fruits & Nuts Market is experiencing a notable shift towards organic and sustainably sourced products, driven by a younger, health-conscious consumer base. This demographic prioritizes transparency and is increasingly willing to invest in high-quality, local offerings. Concurrently, the demand for convenient, nutrient-dense snacks is on the rise as consumers seek healthier dietary options. Local festivals and cultural events play a crucial role in promoting traditional Montenegrin fruits and nuts, fostering community connections and enhancing the visibility of regional producers. These trends signal significant opportunities for industry stakeholders to innovate and expand their product lines while aligning with consumer values.

Local special circumstances: In Montenegro, the Fruits & Nuts Market is shaped by the country's rich biodiversity and Mediterranean climate, which support a variety of native fruits and nuts. The cultural heritage emphasizes traditional agricultural practices and local varieties, fostering a strong preference for organic and artisanal products among consumers. Additionally, government regulations encourage sustainable farming, enhancing the appeal of locally sourced goods. The growing eco-tourism sector also boosts interest in traditional products, creating unique opportunities for producers to connect with both local and international markets.

Underlying macroeconomic factors: The Fruits & Nuts Market in Montenegro is significantly influenced by macroeconomic factors such as global trade dynamics, national economic stability, and consumer spending trends. The country's economic health, characterized by moderate growth rates and a focus on sustainable development, fosters an environment conducive to agricultural innovation and investment. Fiscal policies promoting organic farming and local production enhance market prospects. Additionally, fluctuations in global commodity prices and international demand for organic products impact local producers. The rising interest in healthy eating and sustainable sourcing further drives consumer preferences, providing additional opportunities for the domestic fruits and nuts sector.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

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, and consumer price 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 Food 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.