Nuts - EU-27 | Statista Market Forecast

Revenue in the Nuts market amounts to US$9.70bn in 2024. The market is expected to grow annually by 3.84% (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$21.66 are generated in 2024.
In the Nuts market, volume is expected to amount to 994.00m kg by 2029. The Nuts market is expected to show a volume growth of 1.8% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 2.1kg 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 within the EU-27 Food Market is experiencing negligible growth due to various factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. Despite this slow growth, the market continues to expand thanks to the rising demand for healthy and natural food options.

Customer preferences: The EU-27 Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a shift towards healthier snack options, as consumers become more health-conscious. This trend is driven by cultural preferences for natural and sustainable products, as well as an aging population seeking to maintain a healthy lifestyle. Additionally, the rise of plant-based diets is fueling demand for nuts as a protein-rich alternative to meat. These factors are expected to further drive the growth of the Nuts Market in the EU-27.

Trends in the market: In the EU-27, the Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a surge in demand for organic and sustainably sourced nuts. This trend is driven by increasing consumer awareness of the health benefits of nuts and the environmental impact of conventional agriculture. As a result, industry stakeholders are investing in sustainable farming practices and certification programs to meet this demand. Additionally, there is a growing trend of using technology for supply chain transparency and traceability, with blockchain being utilized to track the origin and quality of nuts. This trend is expected to continue as consumers prioritize ethical and eco-friendly products, presenting opportunities for industry players to differentiate themselves and capture a larger market share.

Local special circumstances: In EU-27 and Nuts Market of the Fruits & Nuts Market within The Food market, unique local factors play a significant role in shaping market dynamics. For example, in Spain, the market is driven by the country's long-standing tradition of consuming nuts, while in Germany, health-conscious consumers are driving demand for organic and sustainable nut products. Additionally, strict regulations on food safety and labeling in the EU have a significant impact on the production and marketing of nuts, making it a highly regulated market.

Underlying macroeconomic factors: The Nuts Market within the Fruits & Nuts Market of The Food market in EU-27 is heavily impacted by macroeconomic factors such as trade policies, consumer spending patterns, and economic growth rates. Economic instability and uncertainty can lead to fluctuations in demand and supply, affecting prices and market growth. Additionally, government policies and regulations on food safety, labeling, and sustainability can also influence market performance. Increasing consumer awareness and demand for healthy and natural food products have also been driving the growth of the Nuts Market in the EU-27, as consumers are willing to pay a premium for high-quality and sustainably sourced nuts. Moreover, the growing trend of snacking and the rising popularity of plant-based diets have also contributed to the growth of the Nuts Market in the EU-27.

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.