Fruits & Nuts - G20

G20

Highlights

Revenue in the Fruits & Nuts market amounts to US$646.40bn in 2024. The market is expected to grow annually by 5.89% (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$130.00 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 263.70bn kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 4.1% in 2025.0.
The average volume per person in the Fruits & Nuts market is expected to amount to 45.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fruits & Nuts Market within The Food market in G20 is experiencing minimal growth, influenced by factors such as shifting consumer preferences towards healthier options, supply chain challenges, and fluctuating prices impacting demand for fresh and processed products.

Customer preferences: Consumers are gravitating towards plant-based diets and natural snacks, driving a notable increase in demand for organic fruits and nuts. This trend is particularly pronounced among younger demographics who prioritize sustainability and health-conscious choices. Additionally, the rise of social media is shaping preferences, as visually appealing, nutritious options gain popularity. Cultural influences are also at play, with diverse culinary traditions inspiring innovative uses of fruits and nuts in global cuisines, further enhancing their appeal in the marketplace.

Trends in the market: In the G20 nations, the Fruits & Nuts Market is experiencing a surge in demand driven by the shift towards plant-based diets, as consumers increasingly seek natural, health-conscious snacks. This trend is notably strong among millennials and Gen Z who prioritize sustainability, leading to a rise in organic fruit and nut products. Furthermore, the influence of social media is amplifying the popularity of visually appealing, nutritious options. With diverse culinary traditions inspiring innovative recipes, industry stakeholders must adapt to these evolving consumer preferences to capture market share and foster sustainable practices.

Local special circumstances: In Australia, the Fruits & Nuts Market is thriving due to the country's unique climate and agricultural diversity, which allows for year-round production of various fruits and nuts. The rising health consciousness among consumers is further supported by strong government initiatives promoting local farming and organic practices. In Turkey, the market is influenced by rich culinary traditions that integrate nuts into everyday meals, creating significant demand for both raw and processed products. Meanwhile, strict regulations on food safety and quality in the EU enhance consumer trust, driving preference for certified organic options.

Underlying macroeconomic factors: The Fruits & Nuts Market is significantly influenced by macroeconomic factors such as global trade dynamics, national economic growth, and consumer spending trends. Rising disposable incomes in emerging markets are boosting demand for premium and organic products, while ongoing trade agreements facilitate international market access. In established economies, inflationary pressures may affect purchasing behavior, shifting preferences toward value-oriented options. Additionally, government support for sustainable agriculture, alongside investments in technology for better yield and quality, enhances market resilience. Climate change and environmental policies further shape production practices, impacting supply and pricing in the Fruits & Nuts sector.

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.