Fruits & Nuts - APAC

APAC

Highlights

Revenue in the Fruits & Nuts market amounts to US$396.00bn in 2024. The market is expected to grow annually by 7.07% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$135bn in 2024).
In relation to total population figures, per person revenues of US$92.39 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 192.90bn kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 5.1% in 2025.0.
The average volume per person in the Fruits & Nuts market is expected to amount to 37.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fruits & Nuts Market in APAC is experiencing minimal growth, influenced by factors such as changing consumer preferences, fluctuating agricultural production, and the rising competition from imported products, which challenge local offerings and pricing strategies.

Customer preferences: Consumers in the APAC Fruits & Nuts Market are increasingly gravitating towards organic and sustainably sourced products, driven by heightened awareness of health and environmental issues. This trend is particularly pronounced among younger demographics who prioritize clean eating and transparency in food sourcing. Additionally, the rise of urbanization and busy lifestyles has led to a preference for convenient, ready-to-eat fruit snacks and nut-based health bars. Cultural influences, such as the integration of traditional snacks into modern diets, are also shaping purchasing decisions.

Trends in the market: In the APAC Fruits & Nuts Market, there is a notable shift towards organic and sustainably sourced products, reflecting consumers' increased focus on health and environmental sustainability. Countries like Japan and South Korea are experiencing significant demand for clean-label products, driven by younger consumers who value transparency and ethical sourcing. Furthermore, urbanization is fostering a preference for convenient, ready-to-eat fruit snacks and nut-based health bars, catering to busy lifestyles. This trend underscores the importance of innovation and adaptability for industry stakeholders, as they must align their offerings with evolving consumer preferences to maintain competitiveness in a dynamic market landscape.

Local special circumstances: In the APAC Fruits & Nuts Market, unique local factors are significantly shaping market dynamics. For instance, in Thailand, the rich agricultural heritage and favorable climate contribute to a robust supply of tropical fruits, influencing consumer preferences for fresh and locally sourced options. Meanwhile, in Australia, stringent food safety regulations and a strong emphasis on traceability drive demand for premium, certified organic products. Additionally, cultural festivals in countries like Vietnam promote seasonal fruit consumption, further diversifying product offerings and creating opportunities for local producers to engage with health-conscious consumers.

Underlying macroeconomic factors: The APAC Fruits & Nuts Market is influenced by macroeconomic factors such as regional economic stability, disposable income levels, and changing consumer preferences. Countries experiencing robust economic growth, like China and India, are witnessing increased purchasing power, leading to a higher demand for premium and exotic fruits. Additionally, fiscal policies that support agricultural innovation and export incentives boost local production capabilities. Global trade dynamics also play a role, as fluctuating tariffs and supply chain disruptions impact pricing and availability. Furthermore, rising health awareness among consumers drives demand for nutritious options, creating opportunities for market expansion across the region.

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.