Nuts - Northern Europe | Statista Market Forecast

Revenue in the Nuts market amounts to US$956.80m in 2024. The market is expected to grow annually by 3.97% (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$28.24 are generated in 2024.
In the Nuts market, volume is expected to amount to 82.50m kg by 2029. The Nuts market is expected to show a volume growth of 2.6% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 2.2kg 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 Northern Europe is currently experiencing a slow growth rate due to factors such as increasing competition and changing consumer preferences. Despite being a part of the larger and growing Fruits & Nuts Market, the Nuts Market is facing challenges in terms of market saturation and fluctuating demand. However, with the rising health consciousness and convenience offered by online shopping, there is still potential for growth in the Nuts Market.

Customer preferences: There is a growing trend towards sustainable and ethical sourcing of nuts in Northern Europe, driven by concerns over environmental impact and fair labor practices. This has led to an increase in demand for certified organic and fair trade nuts, as well as a push for transparency in the supply chain. Additionally, health-conscious consumers are seeking out nutrient-dense nuts, such as almonds and walnuts, as plant-based alternatives to traditional snacks.

Trends in the market: In Northern Europe, the Nuts Market within the Fruits & Nuts Market is experiencing a surge in demand for sustainable and organic products. This trend is driven by increasing consumer awareness of the environmental impact of food production and the health benefits of organic products. As a result, companies are investing in sustainable sourcing and production methods, and consumers are willing to pay a premium for these products. This trajectory is significant as it reflects a shift towards more conscious consumption and has the potential to drive innovation in the industry. For industry stakeholders, there is an opportunity to capitalize on this trend by differentiating their products and marketing their sustainability efforts to attract eco-conscious consumers. Additionally, this trend could have implications for traditional farming practices and supply chain management, as companies may need to adapt to meet the demand for sustainable products.

Local special circumstances: In Northern Europe, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the region's strong focus on sustainability and eco-friendly practices. Consumers in countries like Sweden and Norway are willing to pay a premium for organic and locally sourced nuts, driving the growth of small-scale nut producers. Additionally, strict regulations on food labeling and packaging have led to an increase in demand for certified organic and fair trade nuts. This emphasis on sustainability and quality sets the Northern European Nuts Market apart from other markets and shapes its market dynamics.

Underlying macroeconomic factors: The growth of the Nuts Market of the Fruits & Nuts Market within The Food market is also influenced by macroeconomic factors such as consumer purchasing power, changing dietary trends, and government policies. Countries with strong economic growth and rising disposable incomes are driving the demand for premium and healthy food products, including nuts. Additionally, government initiatives promoting healthy eating habits and sustainability are also supporting the growth of the nuts market. On the other hand, economic downturns and fluctuations in exchange rates can have a negative impact on the market, as consumers may opt for more affordable food options. Furthermore, changing trade policies and tariffs can also affect the availability and pricing of nuts in the market.

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.