Nuts - Gabon | Statista Market Forecast

Revenue in the Nuts market amounts to US$10.44m in 2024. The market is expected to grow annually by 5.42% (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$4.20 are generated in 2024.
In the Nuts market, volume is expected to amount to 1.38m kg by 2029. The Nuts market is expected to show a volume growth of 3.6% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.5kg 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 Gabon has seen minimal growth due to factors such as limited availability of nuts, low consumer awareness, and competition from other food markets. Despite this, the market is slowly growing as more consumers become health conscious and demand for healthier snack options increases.

Customer preferences: With the growing focus on health and well-being, consumers in Gabon are increasingly turning to nuts as a nutritious and convenient snack option. This trend is further fueled by the rising demand for plant-based alternatives to meat and dairy products. Additionally, there is a growing awareness of the health benefits of nuts, such as their high fiber and protein content. As a result, the nuts market in Gabon is expected to witness significant growth in the coming years.

Trends in the market: In Gabon, the Nuts Market within the Fruits & Nuts Market of The Food market industry is experiencing a shift towards sustainable and organic production methods. This trend is driven by increasing consumer demand for healthier and more environmentally-friendly options. Additionally, there is a growing preference for local and artisanal nut products, as consumers become more aware of the benefits of supporting small-scale producers. This trajectory has significant implications for industry stakeholders, as it may require adjustments to supply chains and marketing strategies to cater to changing consumer preferences and promote sustainability.

Local special circumstances: In Gabon, the Nuts Market of the Fruits & Nuts Market within The Food market is influenced by its proximity to the African rainforest, which provides a rich source of native nuts. This has led to a strong focus on sustainability and organic production methods. Additionally, Gabon's cultural preference for natural and healthy foods has resulted in a high demand for nuts in the local market. Government regulations promoting food safety and quality also play a significant role in shaping the market, with strict standards and certifications required for nut products. These factors contribute to a unique market landscape in Gabon compared to other countries in the region.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is significantly impacted by macroeconomic factors, such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, countries with stable economic conditions and favorable fiscal policies are experiencing stronger market growth compared to countries with economic instability and restrictive fiscal policies. Furthermore, the increasing demand for healthy and nutritious food options, coupled with rising disposable incomes in developing countries, is driving the growth of the Nuts Market. Additionally, the growing trend of plant-based diets and the increasing awareness about the health benefits of nuts are also contributing to the market's growth.

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.