Nuts - Costa Rica | Statista Market Forecast

Revenue in the Nuts market amounts to US$52.28m in 2024. The market is expected to grow annually by 3.67% (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$9.96 are generated in 2024.
In the Nuts market, volume is expected to amount to 7.32m kg by 2029. The Nuts market is expected to show a volume growth of 2.4% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 1.3kg 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 Costa Rica has seen minimal growth due to several factors, including low consumer awareness, limited online presence, and competition from traditional markets. Despite this, the market is expected to pick up with increasing health consciousness and demand for convenient options.

Customer preferences: There has been a notable increase in demand for organic and sustainably sourced nuts in Costa Rica, driven by the growing awareness of the environmental and health benefits of these products. This trend is also influenced by the country's strong emphasis on sustainability and eco-friendliness. Additionally, there is a growing preference for locally produced nuts, as consumers become more conscious of supporting small businesses and reducing their carbon footprint.

Trends in the market: In Costa Rica, the Nuts Market within the Fruits & Nuts Market is experiencing a rise in demand for locally sourced, organic nuts due to the increasing health consciousness among consumers. This trend is also seen globally, with a growing preference for natural and sustainably produced nuts. As a result, industry stakeholders are investing in sustainable farming practices and certification programs to meet this demand. At the same time, the popularity of plant-based diets is driving the growth of the nuts market, as nuts are a popular protein source. This trend is expected to continue in the future, presenting opportunities for companies to expand their product portfolios and cater to the evolving consumer preferences.

Local special circumstances: In Costa Rica, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's tropical climate, which allows for the cultivation of a wide variety of nuts such as cashews, macadamias, and almonds. Additionally, the country's biodiversity and rich soil contribute to the production of high-quality nuts. Costa Rican culture also places a strong emphasis on healthy, natural foods, making the market for nuts a popular choice among consumers. Furthermore, the government has implemented regulations to support sustainable and organic farming practices, further driving the growth of the Nuts Market in Costa Rica.

Underlying macroeconomic factors: The growth of the Nuts Market within the Fruits & Nuts Market in Costa Rica is heavily influenced by macroeconomic factors such as global demand for healthy and natural food products, government policies promoting sustainable agriculture and food production, and the country's stable economic growth. Costa Rica's strong focus on environmental sustainability and organic farming practices has also contributed to the growth of the Nuts Market, as consumers increasingly seek out ethically and environmentally responsible products. In addition, the growing popularity of plant-based diets and the rise of health-conscious consumers have also driven the demand for nuts in Costa Rica.

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.