Venezuela Fruits And Vegetable Market Size By Product Type, By Form, By End User, By Distribution Channel And Forecast

Venezuela Fruits And Vegetable Market Size And Forecast

Venezuela Fruits And Vegetable Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

Venezuela is seeing a real boom in both tourism and consumption lately! What's driving this growth? Well, it's a mix of thingsadvanced technologies are helping, along with clever farming techniques that don't need much water, and government programs are giving things a boost. All this is expected to really get the market moving. Back in 2017, agriculture made up about 4.7% of Venezuela's GDP. After a tough year in 2019, vegetable production bounced back, jumping nearly 15% in 2020, according to the Confederation of Associations of Agricultural Producers of Venezuela (FEDEAGRO). We're seeing more potatoes, broccoli, carrots, and other veggies being grown, which is helping fuel that increase. Fruit production saw a slight bump from 1,118,878.0 metric tonnes in 2016 to 1,135,606.0 metric tonnes in 2019, but vegetable production really took off, going from 1,118,878.0 metric tonnes in 2016 to 3,565,565.0 metric tonnes in 2019. If you want a complete picture of what's happening, the Venezuela report gives you a really thorough look at the market. It dives deep into all the important pieces – the trends, what's pushing things forward (and holding them back), who the big players are, and the key elements shaping the market.

Venezuela Fruits And Vegetable Market Definition

Fruits and vegetables are classified both botanically and gastronomically. The flower of a plant produces fruit, while the rest of the plant is classified as a vegetable. Fruits include seeds, whereas vegetables include roots, stems, and leaves. The economic situation in Venezuela. Venezuela’s economy is based primarily on petroleum extraction and production. From the late 1940s to 1970, the country was the world’s largest petroleum exporter, and it is still one of the top oil exporters to the United States.

The main field crops are sugarcane, rice, corn, and sorghum, while the main fruit crops are bananas, plantains, oranges, coconuts, and mangoes. Arepas, a baked corn flour bread filled with cheese, fish, beef, or chicken that can also be served as a side dish with shredded beef, black beans, white cheese, avocados, and/or fresh fruit juices, are a popular breakfast item in Venezuela. Venezuela’s export earnings are almost entirely made up of oil revenues.

In addition to petroleum, the country’s natural resources include natural gas, iron ore, gold, bauxite, diamonds, and other minerals. The country’s currency is the bolivar. Gold, nickel, iron ore, steel, diamonds, alumina, coal, bauxite, asphalt, natural gas, and petroleum are all abundant in Venezuela. Mineral extraction from mines and quarries accounted for approximately 26% of GDP in 2014.

Venezuela Fruits And Vegetable Market Overview

Tourism and consumption are both rapidly increasing in Venezuela. This growth is fueled by advanced technologies, low water requirements in the horticulture process, and government initiatives. A lot of land in Venezuela can be used for agriculture. Horticulture is a new agricultural trend that has resulted in increased output. Venezuela’s abundant farmland and temperate climate of Venezuela make it ideal for agriculture. In response to a severe food shortage on store shelves and spiraling inflation, the government launched the “Great Agro-Venezuela Mission” in 2016 to reclaim urban spaces for food production, including fruits and vegetables.

The National Urban Agriculture Plan 2018, which aims to cover 96,000.0 hectares across the country and produce more than 2,071,000.0 metric tonnes of food, encourages urban farming. Several households are now running small production units on rooftops and even in public green spaces like schoolyards and government buildings, indicating that the initiative is gaining traction. The production of fruits and vegetables in the country is expected to increase during the forecast period as a result of increased participation and awareness among individuals as a result of the initiative.

High export competition and the agro sector’s low GDP contribution are the sector’s biggest challenges in Venezuela. Furthermore, due to the country’s poor post-production management, timely delivery of fresh food is difficult. The Venezuelan Seed Association (AVESEM) reports that the country is currently facing a severe shortage of agricultural inputs to meet domestic crop production demands, particularly for fruits and vegetables. According to AVESEM President Aurelio Sanchez, only 20,000.0 hectares of the total 80,000.0 hectares suitable for cultivation were planted with vegetable seeds in 2019.

Despite what you might think, Venezuela did have a rough time during COVID-19. Sure, they're one of the world's biggest oil producers, but fuel shortages really messed things up, making it hard to get fresh produce to market. Then there was the labor shortage affecting fruit and veggie farms. The nationwide lockdown didn't help either, throwing the whole supply chain into chaos. Get thisa kilo of tomatoes cost about USD 0.43 (32,000 Venezuelan Bolivars) back in 2019 – practically the same as the minimum wage! And because it was hard to get seeds and other stuff for growing things, vegetable production tanked and prices skyrocketed went through the roof! Venezuela faced few difficulties as a result of COVID-19.

Venezuela Fruits And Vegetable MarketSegmentation Analysis

The Venezuela Fruits And Vegetable Market is Segmented on the basis of Product Type, Form, End User, and Distribution Channel.

Venezuela Fruits And Vegetable Market, By Product Type

• Venezuela Fruits• Venezuela Vegetable

Based on Product Type, the market is segmented into Venezuela Fruits and Venezuela Vegetable.

Venezuela Fruits And Vegetable Market, By Form

• Fresh• Frozen

Based on Form, the market is segmented into Fresh and Frozen.

Venezuela Fruits And Vegetable Market, By End User

• Residential• Commercial

Based on End User, the market is segmented into Residential and Commercial.

Venezuela Fruits And Vegetable Market, By Distribution Channel

• Supermarkets• Hypermarkets• Convenience Store• Online Sale Channel• Others

Based on Distribution Channel, the market is segmented into Supermarkets, Hypermarkets, Convenience Store, Online Sale Channel, and Others.

Key Players

The “Venezuela Fruits And Vegetable Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are White wave Foods Company, H.J. Heinz Company, CSC Brands LP (Campbell Soup Company), General Mills Inc., Juices International Pty. Ltd., Activz, Z Natural Foods, Organic Valley Family of Farms, Iceland Foods Ltd, Green Organic Vegetable Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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We dive deep, using both numbers and insights to understand the market, breaking it down by different groups based on things like income and even lifestyle. We'll give you the market size in USD Billion for every category we explore. You'll see which areas and segments are predicted to grow the fastest and be the biggest overall. We'll also analyze each region to see how much of the product or service is being used and what's influencing the market there. Think of it as a geographical breakdown. We also map out the competitive landscape, ranking the top players and highlighting their latest moves – new products, partnerships, expansions, and acquisitions – over the last five years. You'll get detailed company profiles, including an overview, key insights, product comparisons, and a SWOT analysis for the major players. We'll give you our take on the current and future market, considering the latest trends, growth opportunities, what's driving it all, and the challenges ahead in both emerging and established markets. We also provide a deep dive using Porter's five forces, and give you a look at the Value Chain to understand how everything connects. Finally, we'll outline the market's dynamics and identify future growth opportunities. Oh, and we include 6 months of post-sales analyst support!

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