Nuts - New Zealand | Statista Market Forecast

Revenue in the Nuts market amounts to US$93.38m in 2024. The market is expected to grow annually by 3.74% (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$17.72 are generated in 2024.
In the Nuts market, volume is expected to amount to 8.71m kg by 2029. The Nuts market is expected to show a volume growth of 2.9% 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 Fruits & Nuts Market in New Zealand has seen minimal growth due to factors such as fluctuating demand and supply, changing consumer preferences, and limited access to technology in certain regions. Despite these challenges, the market continues to thrive with the support of government initiatives and increasing health consciousness among consumers. With the rise of online shopping and the convenience it offers, the Nuts Market is expected to see a gradual growth in the coming years.

Customer preferences: In New Zealand, consumer preferences in the Nuts Market of the Fruits & Nuts Market within The Food market are shifting towards healthier options, with a focus on organic and sustainably sourced products. This trend is driven by the growing awareness and concern for environmental sustainability and ethical sourcing practices. Additionally, there is a growing demand for plant-based and gluten-free options, reflecting a shift towards more conscious and mindful food choices among consumers.

Trends in the market: In New Zealand, 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 a growing consumer preference for healthier and environmentally friendly food options. As a result, industry stakeholders are increasingly investing in sustainable farming practices and marketing efforts to cater to this market segment. This trend is expected to continue in the coming years, with potential implications for increased competition and pricing pressure for conventional nut products. Additionally, there may be opportunities for innovation and product differentiation in the organic and sustainable nut segment.

Local special circumstances: In New Zealand, the Nuts Market within the Fruits & Nuts Market of The Food market is heavily influenced by the country's agricultural landscape and its strong focus on sustainable farming practices. This has led to the popularity of locally grown, organic nuts among health-conscious consumers. Additionally, the country's strict food safety regulations ensure high-quality products, making New Zealand a trusted source for nuts in the global market. The small but affluent population also drives demand for premium nuts, creating a niche market for luxury and gourmet nut products.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market in New Zealand is greatly impacted by macroeconomic factors such as consumer spending power, economic stability, and government policies. The country's strong economic growth and stable political climate have contributed to a favorable business environment, leading to increased consumer spending and demand for premium products. Additionally, the government's support for sustainable agriculture and healthy eating habits has boosted the production and consumption of nuts, further driving market growth. However, factors like fluctuations in exchange rates and trade policies may pose challenges to the market's performance in the future.

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.