Grocery market in Nicaragua

The Nicaraguan Grocery eCommerce market is predicted to reach US$38.6 million by 2023 and accounts for 5.3% of the total eCommerce market in Nicaragua. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 10.5%, resulting in a projected market volume of US$57.6 million by 2027. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.

Market development

eCommerce revenue development in the Nuts & Dried Fruits market in Nicaragua

The Nicaraguan Nuts & Dried Fruits eCommerce market is predicted to reach US$0.2 million by 2023 and accounts for 3.9% of the Food Cupboard eCommerce market in Nicaragua. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 9.3%, resulting in a projected market volume of US$0.3 million by 2027. The Nuts & Dried Fruits eCommerce market is a sub-market of the Food Cupboard market. Further categories within the Food Cupboard market are: Baking Supplies, Cereals, Noodles, Other Food Cupboard, and Sweets & Chocolate.

eCommerce revenue development in the Nuts & Dried Fruits market in Nicaragua

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Nuts & Dried Fruits market in Nicaragua

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 63.3 43.6 37.2 80.8 12.7 90.9 49.7 9.0
AOV (in US$) 0.1 0.4 0.4 0.9 0.4 0.6 0.6 0.8
CVR (in %) 88.6 7.2 53.1 6.2 60.3 1.7 65.5 86.5
AOV: Average Order Value CVR: Conversion Rate

Online share

eCommerce online share of the total Nuts & Dried Fruits market in Nicaragua

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Nicaraguan Nuts & Dried Fruits retail market, the online share is 1.7% and will increase by an average of 14.9% to 2.9% by 2027.

eCommerce online share of the total Nuts & Dried Fruits market in Nicaragua

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 75.0% 71.9% 29.2% 25.8% 96.4% 96.8% 95.2% 21.6%

Market definition

Definition of the Nuts & Dried Fruits market within the Grocery market

Market definition: Grocery > Food > Food Cupboard > Nuts & Dried Fruits The category Nuts & Dried Fruits includes the online trade of nuts (e.g. almonds, peanuts, walnuts) and dried fruits (e.g. raisins, apricots, dates). This category does not cover energy bars. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Nuts (e.g. almonds, peanuts, walnuts)
  • Dried fruits (e.g. raisins, apricots, dates)

Out-of-scope

  • Energy bars