Nuts - Rwanda | Statista Market Forecast

Revenue in the Nuts market amounts to US$11.20m in 2024. The market is expected to grow annually by 7.81% (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$0.78 are generated in 2024.
In the Nuts market, volume is expected to amount to 3.89m kg by 2029. The Nuts market is expected to show a volume growth of 7.4% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 0.2kg 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 of the Fruits & Nuts Market within The Food market in Rwanda is experiencing minimal growth due to factors such as limited consumer awareness and lack of access to digital technologies. Despite this, the market is steadily growing as more consumers become health conscious and demand for convenient online services increases.

Customer preferences: As consumers become more health-conscious, there is a growing demand for natural and organic nuts in the Nuts Market of the Fruits & Nuts Market within The Food market. This trend is driven by the rise in awareness about the benefits of a plant-based diet and the desire for clean and sustainable food options. Additionally, there is a shift towards purchasing nuts from local and small-scale producers, as consumers prioritize supporting environmentally friendly and socially responsible businesses.

Trends in the market: In Rwanda, the Nuts Market of the Fruits & Nuts Market within The Food market is currently experiencing a trend towards increased demand for organic and sustainably sourced nuts. This trend is significant as consumers are becoming more health-conscious and environmentally aware. It also presents implications for industry stakeholders, as they must adapt their production methods to meet these demands and potentially explore new markets for organic and sustainably sourced nuts. Additionally, there is a growing trend towards value-added nut products, such as flavored and packaged nuts, which cater to the rising demand for convenient and healthy snacking options.

Local special circumstances: In Rwanda, the Nuts Market of the Fruits & Nuts Market within The Food market is influenced by the country's rich agricultural landscape and strong cultural preference for locally-grown produce. Additionally, government policies promoting sustainable farming practices have resulted in high-quality nuts that are in demand both domestically and internationally. This unique combination of factors has led to a thriving market for nuts in Rwanda, with an emphasis on organic and fair-trade production methods.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market in Rwanda is influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's stable economic growth and improving business environment have created opportunities for the market to grow. The government's focus on promoting agriculture and investing in infrastructure has also positively impacted the market. Furthermore, the increasing demand for healthy and natural food products, both globally and locally, has resulted in a growing demand for nuts, driving market growth in the 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.