Market Insights Consumer Food Fruits & Nuts

Nuts - Finland

Finland

Revenue in the Nuts market amounts to US$165.70m in 2024. The market is expected to grow annually by 3.31% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$10,540m in 2024).
In relation to total population figures, per person revenues of US$29.50 are generated in 2024.
In the Nuts market, volume is expected to amount to 10.93m kg by 2029. The Nuts market is expected to show a volume growth of 1.8% in 2025.
The average volume per person in the Nuts market is expected to amount to 1.9kg in 2024.

Key regions: India, Canada, Spain, Philippines, United Kingdom

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Analyst Opinion

The Nuts Market in Finland has seen limited growth due to various factors including the increasing availability of alternative snack options and the slow adoption of digital technologies in the country's food market. Health consciousness among consumers may also be impacting the market's growth rate.

Customer preferences: As consumers in Finland become more health-conscious, there has been a noticeable increase in demand for natural and organic nuts, as well as a preference for sustainably sourced products. This trend is fueled by a growing awareness of the health benefits of nuts, as well as a desire for environmentally friendly options. Additionally, with an aging population, there has been a rise in demand for nuts and nut-based products that cater to specific dietary needs and promote overall well-being.

Trends in the market: In Finland, the Nuts Market within the Fruits & Nuts Market of The Food market is experiencing a surge in demand for organic and sustainably sourced nuts. This trend is driven by consumer preferences for healthier and environmentally friendly options. Additionally, there is a growing popularity of plant-based diets, leading to a rise in demand for alternative protein sources such as nuts. This trend is expected to continue, with industry experts predicting a significant increase in the production and consumption of nuts in Finland. This presents opportunities for industry stakeholders to tap into this growing market and cater to changing consumer preferences.

Local special circumstances: In Finland, the Nuts Market within the Fruits & Nuts Market of The Food market is influenced by the country's cold climate and abundance of forests, providing ideal conditions for growing a variety of nuts. Additionally, the Finnish preference for healthy and natural food choices has led to a high demand for locally-sourced and organic nuts. Moreover, strict regulations on food safety and quality in Finland have resulted in a high level of trust in domestically-produced nuts, further boosting the market.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by macroeconomic factors in Finland. The country's strong and stable economy, along with its favorable regulatory environment and investment in food production and processing technologies, have contributed to the growth of the market. Additionally, Finland's high level of consumer demand for healthy and natural food products, along with its growing aging population, has further fueled the demand for nuts. Moreover, the country's focus on sustainability and environmentally-friendly practices in agriculture has also played a role in the expansion of the Nuts Market in Finland.

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.