Nuts - Namibia | Statista Market Forecast

Revenue in the Nuts market amounts to US$5.72m in 2024. The market is expected to grow annually by 4.10% (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$2.16 are generated in 2024.
In the Nuts market, volume is expected to amount to 1.03m 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 0.4kg 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.

For more information on the displayed data, click the info button on the right side of each box.

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 The Food market of Namibia is experiencing minimal growth, impacted by factors such as limited consumer awareness and lack of access to online services. Despite this, the market is still driven by the increasing demand for healthy and nutritious food options.

Customer preferences: As Namibia's economy continues to grow, there has been a noticeable increase in demand for healthy and sustainable food options. This trend has led to a rise in popularity of locally sourced and organic nuts, as consumers become more health-conscious and environmentally aware. In addition, the rise of vegan and plant-based diets has also contributed to the growth of the nuts market, as these products serve as a healthy and protein-rich alternative to animal-based foods. This shift towards healthier and more sustainable options is also driven by the growing awareness of the impact of food choices on personal health and the environment.

Trends in the market: In Namibia, the Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a shift towards more sustainably sourced and organic nuts. This trend is driven by consumer demand for healthier and environmentally-friendly options. Industry stakeholders are responding by investing in sustainable farming practices and expanding their organic offerings. This trajectory is significant as it aligns with global movements towards sustainable and ethical food production. Furthermore, it presents opportunities for market growth and differentiation for industry players.

Local special circumstances: In Namibia, the Nuts Market of the Fruits & Nuts Market within The Food market is influenced by the country's arid and semi-arid climate, making it suitable for the production of high-quality nuts. Additionally, the traditional cultural practices of harvesting and processing nuts have been adopted by commercial producers, resulting in a diverse range of locally produced nuts. The government's focus on sustainable agriculture and export diversification has also played a significant role in the growth of the Nuts Market in Namibia.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by macroeconomic factors such as global trade policies, consumer spending trends, and inflation rates. Countries with stable economies and high disposable incomes are likely to see higher demand for premium nuts, while countries with economic uncertainties and lower consumer spending may experience slower market growth. Additionally, government initiatives promoting healthy eating habits and rising consumer awareness towards the health benefits of nuts also contribute to the market growth in the given 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.