Nuts - Chad | Statista Market Forecast

Revenue in the Nuts market amounts to US$34.60m in 2024. The market is expected to grow annually by 7.56% (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$1.84 are generated in 2024.
In the Nuts market, volume is expected to amount to 8.51m kg by 2029. The Nuts market is expected to show a volume growth of 5.6% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.4kg 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 Chad is experiencing minimal growth, impacted by factors such as low consumer awareness and limited access to technology. However, the convenience and health benefits of nuts may lead to future growth in this market within The Food market.

Customer preferences: Consumers in the Nuts Market of the Fruits & Nuts Market within The Food market are increasingly opting for healthier snacking options, leading to a rise in demand for organic and all-natural nut products. This shift is driven by a growing awareness of the health benefits of nuts, such as their high protein and nutrient content. Additionally, with the rise of vegan and plant-based diets, there is a growing demand for alternative protein sources, making nuts a popular choice among consumers.

Trends in the market: In Chad, the Nuts Market within the Fruits & Nuts Market is experiencing a rise in demand for organic and sustainably sourced nuts. This trend is driven by consumers' growing awareness of the health and environmental benefits of these products. As a result, industry stakeholders are increasingly investing in sustainable practices and certifications to meet consumer demands. Additionally, there is a growing trend towards incorporating nuts into plant-based diets, further driving demand. These trends are expected to continue and have significant implications for the industry, including potential opportunities for market growth and the need for continued sustainability efforts.

Local special circumstances: In Chad, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's climate and geography. The Sahel region, where Chad is located, has ideal conditions for growing peanuts, cashews, and other nuts. These nuts are a staple in Chadian cuisine and are also exported to neighboring countries. Additionally, the country's cultural traditions also play a role in the market, with nuts being an important part of social gatherings and celebrations. Furthermore, regulatory limitations, such as limited access to credit and transportation, impact the growth and distribution of the Nuts Market in Chad.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is also impacted by macroeconomic factors in Chad. The country's economic health, including its GDP growth rate and inflation, can affect the purchasing power of consumers and their willingness to spend on luxury food items like nuts. Additionally, global economic trends such as fluctuations in commodity prices and trade policies may impact the availability and cost of nuts in the market. Fiscal policies, such as taxes and subsidies, could also influence the competitiveness of local nut producers and importers. Finally, other financial indicators like interest rates and exchange rates can affect the cost of production and the competitiveness of nuts in the market. These macroeconomic factors can significantly impact the performance and growth of the Nuts Market in Chad.

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.