Nuts - Kenya | Statista Market Forecast

Revenue in the Nuts market amounts to US$246.20m in 2024. The market is expected to grow annually by 8.08% (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$4.38 are generated in 2024.
In the Nuts market, volume is expected to amount to 43.49m kg by 2029. The Nuts market is expected to show a volume growth of 5.8% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.6kg 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 Kenya is experiencing minimal growth due to factors such as low consumer awareness and limited access to digital technologies. Despite this, the market is slowly growing thanks to increasing health-consciousness and the convenience of online services.

Customer preferences: As consumers become more health-conscious, there has been a rise in demand for natural and organic nuts in the Nuts Market of the Fruits & Nuts Market within The Food market. This trend is influenced by a growing awareness of the benefits of a plant-based diet and a desire for clean, sustainable food options. Additionally, there is a shift towards convenient and healthy snacking options, leading to an increase in demand for packaged nuts with minimal processing.

Trends in the market: In Kenya, 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 and concerns about the environment and health. As a result, industry players are investing in sustainable practices and certifications to meet this demand. Additionally, there is a growing trend of incorporating nuts into healthy snack options, catering to the rising demand for healthier food alternatives. These trends are expected to continue, with potential implications for industry stakeholders such as increased competition and the need for innovation to meet changing consumer preferences.

Local special circumstances: In Kenya, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's strong agricultural sector and favorable climate for nut production. This has led to a diverse range of locally grown nuts, such as macadamia, cashew, and peanuts. Additionally, the demand for organic and sustainably produced nuts is growing, driven by increasing health and environmental awareness among consumers. The local regulatory framework is also supportive of small-scale nut farming, promoting entrepreneurship and contributing to the market's growth.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market in Kenya is impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The growth of the Nuts Market is influenced by the overall economic performance of the country, such as GDP growth, inflation rates, and consumer spending. Additionally, government policies and regulations that affect the food industry, including trade agreements and taxation policies, also play a significant role in shaping the market. Furthermore, the increasing demand for healthy and nutritious food options, coupled with the growing population in Kenya, is expected to drive the growth of the Nuts Market in the country.

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.