Nuts - ASEAN | Statista Market Forecast

Revenue in the Nuts market amounts to US$3.49bn in 2024. The market is expected to grow annually by 5.99% (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$5.05 are generated in 2024.
In the Nuts market, volume is expected to amount to 717.20m kg by 2029. The Nuts market is expected to show a volume growth of 4.5% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.9kg 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 the ASEAN region is experiencing minimal growth, influenced by factors such as low consumer awareness and limited availability of online services. Despite this, the market is expected to grow steadily due to increasing health consciousness and the rising demand for healthy snack options.

Customer preferences: Consumer demand for healthier food options is on the rise, leading to a growing interest in plant-based and organic nuts. This trend is particularly evident in ASEAN countries, where consumers are increasingly incorporating nuts into their diets as a nutritious snack or ingredient. Additionally, with the rise of health-conscious millennials, there is a growing demand for sustainably sourced and ethically produced nuts. This has led to an increase in certifications and labels highlighting fair trade and environmentally friendly practices in the nuts market.

Trends in the market: In the ASEAN region, the Nuts Market of the Fruits & Nuts Market within The Food market is seeing a rise in demand for organic and sustainably-sourced nuts. This trend is driven by increasing consumer awareness and demand for healthier and environmentally-friendly food options. As a result, industry players are investing in sustainable farming practices and certifications to meet this demand and differentiate their products. This trend is expected to continue as consumers become more health-conscious and environmentally-aware. It presents opportunities for industry stakeholders to tap into a growing market segment and improve their sustainability practices to stay competitive.

Local special circumstances: In Southeast Asia, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the region's diverse agricultural landscape and cultural preferences. For example, while cashew nuts are popular in Vietnam and Thailand, Indonesia and Malaysia have a strong demand for peanuts. Additionally, regulatory factors such as import restrictions in certain countries also play a role in shaping market dynamics. This creates a unique market environment where suppliers must adapt to local tastes and navigate different regulations to remain competitive.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with strong economic growth and stable fiscal policies are experiencing higher demand for nuts, driven by increasing consumer purchasing power. On the other hand, regions with economic instability and weak fiscal policies are seeing slower market growth. Additionally, the growing awareness of the health benefits of nuts and the increasing demand for plant-based protein sources are also contributing to the growth of the Nuts Market.

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.