Definition:
The Fruits and Nuts market covers fresh, frozen, and processed edible fruits and nuts that are bought and consumed for nutrient-based purposes.
Structure:
The market consists of 3 different submarkets:
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fruits & Nuts Market in North America is witnessing negligible growth, influenced by factors such as changing consumer preferences for healthy snacks, supply chain challenges, and competition from alternative food products that impact overall demand and pricing strategies.
Customer preferences: Consumers are increasingly prioritizing plant-based diets and natural snacks, driving a notable shift towards organic fruits and nuts. This trend is particularly evident among younger demographics, who seek transparent sourcing and sustainability in their food choices. Additionally, the rise of health-conscious lifestyles has fueled interest in nutrient-dense snacks, leading to innovation in packaging and product formats. Cultural influences, such as the popularity of international cuisines, are also shaping flavor preferences, prompting brands to diversify their offerings to cater to evolving tastes.
Trends in the market: In North America, the Fruits & Nuts market is experiencing a surge in demand for organic and sustainably sourced products, driven by consumers’ growing preference for plant-based diets and natural snacks. Younger demographics are particularly influential in this shift, emphasizing transparency and ethical sourcing in their food choices. This trend is prompting brands to innovate in packaging and product formats, enhancing convenience and nutritional appeal. Furthermore, the integration of diverse international flavors is reshaping product offerings, allowing companies to cater to evolving consumer tastes while positioning themselves competitively in a rapidly changing market landscape.
Local special circumstances: In North America, the Fruits & Nuts market is influenced by a diverse agricultural landscape, with regions like California leading in almond and berry production due to favorable climates. Cultural trends favoring health and wellness promote local sourcing and seasonal consumption, while regulatory measures around organic labeling enhance consumer trust. Additionally, strong food safety standards ensure high-quality products, fostering a competitive environment where brands focus on innovation. This combination of geographical advantages, cultural values, and regulatory frameworks shapes a unique market dynamic distinct from other regions.
Underlying macroeconomic factors: The Fruits & Nuts market in North America is significantly shaped by macroeconomic factors such as consumer spending trends, agricultural productivity, and trade policies. Economic growth and rising disposable incomes encourage consumers to invest in healthier food options, boosting demand for fruits and nuts. Conversely, inflationary pressures can affect purchasing behavior, leading to increased price sensitivity. Additionally, favorable trade agreements enhance access to international markets while protecting local producers. Seasonal fluctuations and climate change also impact crop yields, further influencing supply dynamics. Collectively, these factors create a complex landscape that determines market performance and growth potential.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights