Nuts - North Macedonia | Statista Market Forecast

Revenue in the Nuts market amounts to US$32.62m in 2024. The market is expected to grow annually by 4.59% (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$15.66 are generated in 2024.
In the Nuts market, volume is expected to amount to 6.58m kg by 2029. The Nuts market is expected to show a volume growth of 3.0% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 2.8kg 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 North Macedonia is experiencing minimal growth, impacted by factors such as limited consumer awareness and lack of online availability. Despite this, the market continues to expand within the overall Food Market, driven by increasing demand for healthier snack options.

Customer preferences: Consumers in North Macedonia are increasingly looking for healthier snack options, leading to a rise in demand for nuts in the Fruits & Nuts Market within The Food market. This shift is driven by a growing awareness of the health benefits of nuts, such as their high nutrient content and potential to boost immunity. Additionally, with the rise of vegan and plant-based diets, the demand for nuts as a protein-rich alternative to meat has also increased. This trend is expected to continue as more consumers prioritize their health and seek out nutritious and convenient snack options.

Trends in the market: In North Macedonia, the Nuts Market within the Fruits & Nuts Market in The Food market has been experiencing a shift towards healthier snacking options. Consumers are increasingly seeking out nuts as a nutritious and convenient alternative to traditional snacks. This trend is expected to continue, driven by rising health consciousness and the increasing availability of premium, organic and artisanal varieties. Industry stakeholders are responding by diversifying product offerings, incorporating innovative flavors and packaging, and expanding into online sales platforms to reach a wider consumer base. As the demand for nuts continues to rise, there is also a growing focus on sustainable sourcing and production methods, indicating a promising future for the Nuts Market in North Macedonia.

Local special circumstances: In North Macedonia, the Nuts Market of the Fruits & Nuts Market within The Food market is influenced by the country's rich agricultural landscape and traditional culinary practices. The demand for locally grown and processed nuts is high, leading to a significant presence of small-scale nut producers. Additionally, the country's strict food safety regulations ensure the quality and safety of nuts, giving consumers confidence in their purchases. These factors contribute to a unique market dynamic, with a focus on high-quality and sustainable nut products.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market in North Macedonia is impacted by various macroeconomic factors. Global economic trends, such as changing consumer preferences for healthy and natural food options, are driving the demand for nuts in the market. Additionally, the national economic health and fiscal policies of North Macedonia, including trade agreements and tax incentives for the food industry, play a crucial role in shaping the market. Other relevant financial indicators, such as disposable income and inflation rates, also influence the purchasing power and demand for nuts in the country. Moreover, the growing awareness of the health benefits of nuts and the increasing trend of vegan and plant-based diets are further propelling the growth of the Nuts Market in North Macedonia.

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.