Nuts - Central Africa | Statista Market Forecast

Revenue in the Nuts market amounts to US$201.50m in 2024. The market is expected to grow annually by 11.08% (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$2.09 are generated in 2024.
In the Nuts market, volume is expected to amount to 54.95m kg by 2029. The Nuts market is expected to show a volume growth of 7.9% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.5kg 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 Central Africa has been experiencing subdued growth due to various factors such as limited access to technology, low health awareness, and lack of convenience in online services. Despite this, the market is still expected to grow slowly in the coming years.

Customer preferences: Consumers in Central Africa are increasingly gravitating towards healthier snacking options, leading to a rise in demand for nuts as a convenient and nutritious snack. This trend is driven by a growing awareness of the health benefits of nuts, coupled with a shift towards more health-conscious lifestyles. Additionally, with the rise of e-commerce platforms, consumers are now able to easily access a wider variety of nut products, contributing to the growth of the nuts market in the region.

Trends in the market: In Central Africa, the Nuts Market within the Fruits & Nuts Market of The Food market is experiencing a rise in demand for organic and sustainably-sourced nuts. This trend is driven by consumer preferences for healthier and environmentally-friendly options. Additionally, there is a growing trend of incorporating nuts into various dishes and snacks, further boosting the market growth. Industry stakeholders are investing in new processing techniques and distribution channels to meet this demand and capitalize on the potential for growth in this market.

Local special circumstances: In Central Africa, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the region's rich biodiversity and cultural traditions. The use of nuts in traditional cuisine and medicinal practices has created a demand for locally sourced and sustainably produced nuts. Additionally, government regulations promoting sustainable agriculture and fair trade practices have further shaped the market dynamics. The unique combination of cultural and regulatory factors has led to a thriving market for nuts in Central Africa.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by macroeconomic factors in Central Africa. The region's economic health, fiscal policies, and global economic trends all impact the market's performance. Countries with stable economic conditions and favorable fiscal policies are experiencing faster market growth compared to those with economic instability and restrictive fiscal policies. Additionally, the growing demand for healthy and natural food products, driven by changing consumer preferences and increasing health consciousness, is also contributing to the growth of the Nuts Market in Central Africa. The region's increasing population and rising disposable income are also expected to drive market growth in the coming years.

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.