Nuts - Angola | Statista Market Forecast

Revenue in the Nuts market amounts to US$85.07m in 2024. The market is expected to grow annually by 15.85% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$11bn in 2024).
In relation to total population figures, per person revenues of US$2.25 are generated in 2024.
In the Nuts market, volume is expected to amount to 28.05m kg by 2029. The Nuts market is expected to show a volume growth of 11.2% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.6kg in 2024.

Definition:

The Nuts market covers edible nuts both shelled and unshelled. Nuts are classified as dry, single-seeded fruits that contain a lot of oil. Some examples include almonds, peanuts, walnuts, hazelnuts, and pistachios.

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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Almonds
Peanuts
Walnuts
Hazelnuts
Other nuts
Nut snack packs without other ingredients
Whole nuts in the shell, shelled nuts Nuts
Raw nut, roasted nuts
Salted and unsalted nuts, flavored nuts

Nut and seed mixes (e.g. trail mix)
Out-of-home consumption

The Nuts Market in Angola is experiencing mild growth due to factors such as rising consumer awareness about health and convenience of online services. This growth is impacted by the increasing adoption of digital technologies in the Fruits & Nuts Market within The Food market.

Customer preferences: With the rise of health consciousness and demand for natural and healthy food options, consumers in the Nuts Market of the Fruits & Nuts Market within The Food market are gravitating towards organic and sustainably sourced nuts. This trend is driven by a growing awareness of environmental and ethical issues, as well as the perceived health benefits of organic produce. As a result, more consumers are willing to pay a premium for high-quality, eco-friendly nuts.

Trends in the market: In Angola, the Nuts Market of the Fruits & Nuts Market within The Food market is seeing a rise in demand for organic and sustainably sourced nuts. Consumers are becoming more health-conscious and are willing to pay a premium for nuts that are free from chemicals and pesticides. This trend is expected to continue as consumers become more aware of the health benefits of nuts and the impact of their food choices on the environment. This presents opportunities for industry stakeholders to tap into the growing market for organic and sustainable nuts and to differentiate themselves from competitors by promoting their ethical and environmentally friendly practices.

Local special circumstances: In Angola, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's agricultural landscape. With a large portion of the population engaged in subsistence farming, there is a strong demand for locally produced and affordable nuts. Additionally, cultural preferences for certain types of nuts, such as cashews and macadamias, drive market trends. Stringent government regulations on food imports also play a significant role in shaping the market, making it challenging for foreign companies to enter and compete.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market in Angola is influenced by several macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other financial indicators. The global demand for nuts is driven by increasing health consciousness and the rising popularity of plant-based diets. However, the growth of the market in Angola is also affected by the country's economic stability and regulatory environment. Countries with a stable economy and supportive policies for the food industry are likely to experience faster market growth compared to those with economic challenges and limited government support. Additionally, the growing population and increasing disposable income in Angola are contributing to the rising demand for nuts in the country.

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.