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Nuts - CIS

CIS
  • Revenue in the Nuts market amounts to US$2.46bn in 2024. The market is expected to grow annually by 5.41% (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$10.14 are generated in 2024.
  • In the Nuts market, volume is expected to amount to 551.90m kg by 2029. The Nuts market is expected to show a volume growth of 3.3% in 2025.0.
  • The average volume per person in the Nuts market is expected to amount to 2.0kg 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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • 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

Out-Of-Scope

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

Revenue

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

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

In the Fruits & Nuts Market of The Food market in CIS nan, minimal growth is being observed due to various factors such as limited consumer awareness, lack of digitalization in the market, and lower adoption of online services. Despite this, the market is expected to experience steady growth due to increasing health consciousness and convenience offered by online platforms.

Customer preferences:
The demand for organic and sustainably sourced nuts is on the rise as consumers become more health-conscious and environmentally aware. This trend is driven by a growing preference for natural and clean label products, as well as an increased focus on sustainable and ethical food choices. As a result, producers are responding by offering more transparent and eco-friendly options, such as fair trade certified and non-GMO nuts. Additionally, the rise of plant-based diets and the popularity of nuts as a protein-rich alternative to meat is also contributing to the growth of the nuts market.

Trends in the market:
In CIS countries, the Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a shift towards healthier snacking options, with a growing demand for natural and organic nut products. This trend is driven by increasing health consciousness among consumers and a rise in the popularity of plant-based diets. As a result, nut manufacturers are expanding their product portfolios to include a variety of flavors and formats, such as roasted, flavored, and packaged nuts. This trend is expected to continue, presenting opportunities for industry players to innovate and cater to evolving consumer preferences. Additionally, the use of social media and e-commerce platforms to promote and sell nut products is gaining momentum, allowing for wider reach and convenience for consumers. These trends are significant as they reflect a shift towards healthier lifestyles and offer potential for growth and profitability in the Nuts Market of the Fruits & Nuts Market within The Food market market. Industry stakeholders should take note of these trends and adapt their strategies accordingly to capitalize on the changing market dynamics.

Local special circumstances:
In the CIS region, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the diverse cultural preferences and culinary traditions of the countries within the region. For example, in Russia, sunflower seeds are a popular snack, leading to a high demand for sunflower seeds in the Nuts Market. In addition, the region's harsh climate and limited availability of certain nuts, such as almonds and cashews, have led to a focus on locally grown and produced nuts, creating a unique market dynamic. Furthermore, strict import regulations in some CIS countries have also impacted the availability and pricing of imported nuts, further shaping the Nuts Market in the region.

Underlying macroeconomic factors:
The Nuts Market of the Fruits & Nuts Market within The Food market is also impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with stable economic conditions and supportive fiscal policies are experiencing higher market growth compared to regions with economic instability and limited government support. Additionally, the growing health consciousness and changing dietary preferences of consumers worldwide are driving the demand for healthy and nutritious nuts, thus positively influencing the market growth.

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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