Nuts - India | Statista Market Forecast

Revenue in the Nuts market amounts to US$9.27bn in 2024. The market is expected to grow annually by 6.54% (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$6.43 are generated in 2024.
In the Nuts market, volume is expected to amount to 2.57bn kg by 2029. The Nuts market is expected to show a volume growth of 4.7% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 1.5kg 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 India is experiencing minimal growth, impacted by factors such as low consumer health awareness and limited adoption of digital technologies. Despite the convenience of online services, the market's growth rate remains stagnant.

Customer preferences: As consumers in India become more health-conscious, there has been a noticeable increase in demand for organic and sustainably sourced nuts. This trend is driven by a growing awareness of the health benefits of nuts and a desire for ethical and environmentally friendly food choices. Additionally, there is a rise in demand for plant-based protein sources among vegetarian and vegan populations in the country. This shift towards healthier and more sustainable food options is expected to continue in the Nuts Market of the Fruits & Nuts Market within The Food market, as consumers prioritize their well-being and the planet.

Trends in the market: In India, the Nuts Market within the Fruits & Nuts Market of The Food market is experiencing a surge in demand for healthy snacking options. With the rise of health consciousness among consumers, there is a growing trend of incorporating nuts into daily diets. This trend is expected to continue as the market for plant-based protein sources expands. Moreover, the increasing popularity of vegan and vegetarian diets is further driving the growth of the Nuts Market, with almond and cashew being the top-selling varieties. This trend presents significant opportunities for industry stakeholders to tap into the growing demand for healthier and sustainable food options.

Local special circumstances: In India, the Nuts Market within the Fruits & Nuts Market of The Food market is influenced by the country's diverse geographical landscape, which allows for the cultivation of a wide variety of nuts. Additionally, cultural preferences for nuts as snacks and ingredients in traditional cuisine drive the demand in the market. Furthermore, regulatory policies promoting organic and sustainable farming practices have also impacted the supply and demand dynamics in the Nuts Market in India.

Underlying macroeconomic factors: The growth of the Nuts Market in the Fruits & Nuts Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Countries with stable economies and favorable fiscal policies tend to have a higher demand for nuts due to increased purchasing power and consumer confidence. Additionally, the increasing health consciousness among consumers has led to a rise in demand for healthy and nutritious food options, including nuts. Furthermore, the rise in disposable income and the growing popularity of plant-based diets have also contributed to the growth of the nuts market in India.

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.