Nuts - Myanmar | Statista Market Forecast

Revenue in the Nuts market amounts to US$113.00m in 2024. The market is expected to grow annually by 11.24% (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$2.06 are generated in 2024.
In the Nuts market, volume is expected to amount to 40.34m kg by 2029. The Nuts market is expected to show a volume growth of 9.9% 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 Myanmar has been experiencing subdued growth due to various factors, such as limited access to technology, low health awareness among consumers, and the lack of convenience in purchasing nuts. However, with increasing investments in digital infrastructure, the market is expected to grow steadily in the coming years.

Customer preferences: As the demand for healthier snacking options continues to rise in Myanmar, consumers are increasingly turning to nuts as a nutritious and convenient option. This trend is further fueled by a growing awareness of the health benefits of nuts, such as their high protein and healthy fat content. Additionally, as urbanization and busy lifestyles become more prevalent, the demand for on-the-go and portable snack options is also driving the growth of the nuts market in the Fruits & Nuts Market within The Food market.

Trends in the market: In Myanmar, the Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a shift towards organic and sustainable practices. This trend is driven by increasing consumer awareness of the health and environmental benefits of organic nuts. As a result, many industry stakeholders are investing in organic certification and implementing sustainable farming methods. This trajectory is likely to continue as consumers become more health-conscious and demand for ethically-sourced products. This trend presents opportunities for companies to differentiate themselves in the market and cater to the growing demand for organic nuts.

Local special circumstances: In Myanmar, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's tropical climate and rich biodiversity. This leads to a wide variety of nuts being grown and consumed locally, such as cashews, peanuts, and coconuts. Additionally, the Buddhist culture in Myanmar promotes vegetarianism, making nuts a popular source of protein and nutrients. The market is also affected by government regulations, such as restrictions on exports and import tariffs, which impact supply and demand. These factors contribute to the unique dynamics of the Nuts Market in Myanmar, setting it apart from other markets in the region.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market in Myanmar is influenced by several macroeconomic factors. One of the key drivers is the country's economic growth and stability, which has a direct impact on consumer purchasing power and demand for nuts. Additionally, changes in global economic trends, such as fluctuations in commodity prices, can affect the cost of nuts and ultimately impact market performance. Fiscal policies and government regulations also play a role in shaping the market, as they can impact trade and production of nuts within the country. Finally, the health of the overall food market in Myanmar, as well as government investments in the agriculture sector, can have an indirect influence on the Nuts Market, as they can affect the availability and quality of nuts for consumers.

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.