Fruits & Nuts - BRICS

BRICS

Highlights

Revenue in the Fruits & Nuts market amounts to US$292.50bn in 2024. The market is expected to grow annually by 7.48% (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$88.72 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 162.80bn kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 5.2% in 2025.0.
The average volume per person in the Fruits & Nuts market is expected to amount to 40.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fruits & Nuts Market within The Food market in BRICS is witnessing minimal growth due to factors like fluctuating agricultural output, changing consumer preferences, and increased competition from processed alternatives, which hinder significant market expansion.

Customer preferences: Consumers in the BRICS nations are increasingly gravitating towards organic and sustainably sourced fruits and nuts, reflecting a heightened awareness of health and environmental impacts. This trend is influenced by a growing middle class that values premium quality and nutrition. Additionally, younger demographics are favoring convenient, ready-to-eat snack options, leading to innovative product offerings. Cultural shifts towards plant-based diets further drive demand, as consumers seek natural alternatives to processed foods, reshaping the Fruits & Nuts Market within The Food market.

Trends in the market: In the BRICS nations, the Fruits & Nuts Market is experiencing a significant shift towards organic and sustainably sourced products, driven by a growing middle class that prioritizes health and environmental sustainability. Brazil and India are leading in the adoption of eco-friendly farming practices, while Russia and South Africa see increased demand for premium, high-quality snacks. Moreover, younger consumers are opting for convenient, ready-to-eat fruit and nut options, prompting innovative product development. This trend signals a transformative phase for industry stakeholders, necessitating adaptation to changing consumer preferences and sustainability practices to remain competitive.

Local special circumstances: In Brazil, the Fruits & Nuts Market thrives on the rich biodiversity of the Amazon, fostering a unique demand for exotic fruits and nuts that reflect local culture and cuisine. India's diverse agricultural landscape supports a wide variety of organic produce, aligning with the cultural emphasis on health and wellness. In Russia, stringent food safety regulations are pushing producers towards higher quality standards, while South Africa's growing urban population drives a preference for convenient, on-the-go snack options, reshaping product offerings in the market.

Underlying macroeconomic factors: The Fruits & Nuts Market within BRICS nations is significantly shaped by macroeconomic factors such as agricultural policies, trade agreements, and global demand for healthy food options. Brazil's robust export initiatives, driven by its diverse fruit offerings, capitalize on the rising global appetite for superfoods. India's focus on organic agriculture aligns with its economic push towards sustainability, fostering growth in both domestic and international markets. Russia's economic recovery and emphasis on food safety are enhancing product quality, while South Africa's urbanization is promoting innovative snack solutions, reflecting changing consumer preferences. Collectively, these factors create a dynamic market environment with varied opportunities across the BRICS regions.

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.