Nuts - Seychelles | Statista Market Forecast

Revenue in the Nuts market amounts to US$1.43m in 2024. The market is expected to grow annually by 1.79% (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$13.23 are generated in 2024.
In the Nuts market, volume is expected to amount to 264.70k kg by 2029. The Nuts market is expected to show a volume growth of 1.1% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 2.3kg 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 Seychelles is currently experiencing a decline in growth rate due to various factors, including the slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online services. However, efforts to promote the market and increase consumer awareness may lead to future growth.

Customer preferences: As health consciousness continues to grow in Seychelles, consumers are increasingly gravitating towards healthier snack options, leading to a rise in demand for nuts. Additionally, the trend towards plant-based diets and sustainable food choices has also influenced the market, with consumers seeking out ethically sourced and organic nuts. This shift is driven by a growing awareness of the environmental impact of food production and a desire for healthier and more ethical food choices.

Trends in the market: In Seychelles, the Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a shift towards healthier and more sustainable options. Consumers are showing a preference for organic and ethically sourced nuts, driving the demand for products that are free from preservatives and additives. This trend is expected to continue, as consumers become more health-conscious and environmentally aware. Industry stakeholders should focus on diversifying their product offerings to cater to this demand and invest in sustainable and ethical sourcing practices to stay relevant in the market.

Local special circumstances: In Seychelles, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's unique geographical location and cultural preferences. Being an island nation, the market is primarily driven by imports, leading to a limited variety and higher prices. The market is also heavily influenced by the country's traditional cuisine, where nuts are a staple ingredient. Additionally, government regulations and policies play a significant role in shaping the market, with strict import regulations and labeling requirements. These factors create a unique market dynamic for the Nuts Market in Seychelles.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market in Seychelles is affected by several macroeconomic factors. The country's economic health and fiscal policies play a significant role in market performance. Additionally, global economic trends and financial indicators also influence the market. Countries with stable and growing economies, favorable regulatory environments, and high investment in food and agriculture industries tend to experience higher growth in the Nuts Market. On the other hand, regions with economic volatility and limited investment in the food industry may face challenges in market growth. The increasing global demand for healthy and natural food products, as well as the growing trend of plant-based diets, are also driving the growth of the Nuts Market in Seychelles.

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.