Nuts - Niger | Statista Market Forecast

Revenue in the Nuts market amounts to US$29.68m in 2024. The market is expected to grow annually by 7.73% (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$1.05 are generated in 2024.
In the Nuts market, volume is expected to amount to 10.88m kg by 2029. The Nuts market is expected to show a volume growth of 6.9% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.3kg 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 Niger has seen modest growth, influenced by factors such as consumer preference for healthier food options and the convenience of online shopping. Despite minimal growth, the market is still expected to expand due to the increasing popularity of nuts as a nutritious snack.

Customer preferences: Consumers in the Nuts Market of the Fruits & Nuts Market within The Food market are gravitating towards healthier snack options, leading to a growing demand for organic and natural nut products. This trend is driven by an increased awareness of the health benefits of nuts, such as their high nutrient content and potential to reduce the risk of chronic diseases. Additionally, there is a growing interest in sustainably sourced nuts, reflecting consumers' desire for environmentally responsible choices.

Trends in the market: In Niger, there is a growing demand for organic and sustainably sourced nuts due to increasing health consciousness and environmental concerns among consumers. This trend is expected to continue as more consumers seek out healthier and ethically produced food options. In the global nuts market, there is a rising demand for nutrient-dense superfoods, such as almonds and cashews, as consumers opt for healthier snacking alternatives. This trend is likely to drive growth in the nuts market, with key players focusing on innovation and expanding their product portfolios to cater to this demand. Additionally, the growing popularity of plant-based diets and the rise of veganism are also expected to drive the demand for nuts, as they are a rich source of protein and essential nutrients. Overall, these trends present significant opportunities for industry stakeholders to tap into the growing demand for healthier and sustainable food options in the nuts market.

Local special circumstances: In Niger, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's agricultural sector, which accounts for a significant portion of its economy. The country's favorable climate and soil conditions allow for the production of a wide variety of nuts, such as peanuts, cashews, and almonds. Additionally, Niger's traditional cuisine heavily relies on the use of nuts, leading to a high demand for locally grown and sourced nuts. This creates a unique market dynamic, as the country's cultural preferences and agricultural practices heavily influence the supply and demand for nuts in the market.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is affected by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. For example, countries with strong economic growth and stable fiscal policies are likely to see increased demand for nuts as consumers have higher disposable income. Additionally, fluctuations in commodity prices, trade policies, and currency exchange rates can also impact the market. Furthermore, the growing trend of healthy snacking and the increasing awareness of the health benefits of nuts are also driving market growth in many countries.

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.