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$0.3 million by 2027. The Nuts & Dried Fruits eCommerce market is a sub-market of the Food Cupboard market. Further categories within the Food Cupboard market are: Baking Supplies, Cereals, Noodles, Other Food Cupboard, and Sweets & Chocolate.
eCommerce revenue development in the Nuts & Dried Fruits market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Nuts & Dried Fruits market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 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 |
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
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