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Nuts - Czechia

Czechia
  • Revenue in the Nuts market amounts to US$172.40m in 2024. The market is expected to grow annually by 4.68% (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$16.42 are generated in 2024.
  • In the Nuts market, volume is expected to amount to 23.48m kg by 2029. The Nuts market is expected to show a volume growth of 2.9% 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

The Nuts Market in Czechia is experiencing minimal growth, impacted by factors such as consumer preferences for fresh produce and competition from other snack options. Despite this, the market is expected to grow due to increasing health awareness and the convenience of online shopping.

Customer preferences:
As Czechia's population becomes more health-conscious, there has been a notable increase in demand for organic and sustainably-sourced nuts. This trend is driven by a growing awareness of the environmental impact of food production, as well as a desire for healthier and more natural food options. Additionally, there has been a rise in demand for nuts as a convenient and nutritious snack, as busy lifestyles and on-the-go consumption habits continue to shape consumer preferences.

Trends in the market:
In Czechia, the Nuts Market of the Fruits & Nuts Market is experiencing an increase in demand for organic and sustainably sourced nuts, driven by consumers' growing preference for health and wellness. This trend is expected to continue as more consumers are seeking healthier snack options and are willing to pay a premium for high-quality, ethically produced nuts. Additionally, the market is seeing a rise in online sales of nuts, as e-commerce platforms make it easier for consumers to access a wider variety of products. These trends signal opportunities for industry stakeholders to tap into the growing demand for healthier and more sustainable options, while also leveraging the convenience and accessibility of online channels.

Local special circumstances:
In Czechia, the Nuts Market of the Fruits & Nuts Market within The Food market is influenced by the country's geographical location and rich history of nut consumption. The landlocked country has a long tradition of nut cultivation, with walnuts being a staple in traditional dishes. Additionally, the increasing trend towards healthy snacking and the growing demand for organic and locally sourced products have driven the market. The country's strict regulations on pesticide use and food safety also play a significant role in shaping the market dynamics, with consumers placing a high value on quality and sustainability.

Underlying macroeconomic factors:
The Nuts Market of the Fruits & Nuts Market within The Food market in Czechia is impacted by various macroeconomic factors. One key factor is the country's strong economic health and stability, which has led to increased consumer spending and demand for premium food products. Additionally, the government's favorable fiscal policies and investment in agriculture have supported the growth of the nuts market. Moreover, the increasing health consciousness and demand for nutritious and healthy food options have also contributed to the growth of the nuts market in Czechia.

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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