Nuts - Southern Africa | Statista Market Forecast

Revenue in the Nuts market amounts to US$170.70m in 2024. The market is expected to grow annually by 3.41% (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$2.44 are generated in 2024.
In the Nuts market, volume is expected to amount to 29.07m 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 0.4kg 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 Southern Africa is experiencing slow growth due to various factors such as low consumer awareness, limited availability of online services, and lack of technological adoption. The market's negligible growth rate can be attributed to these factors hindering its potential for significant expansion.

Customer preferences: Consumers in the Nuts Market of the Fruits & Nuts Market within The Food market are showing a growing interest in sustainable and ethical sourcing practices. As environmental and social consciousness continue to shape consumer behavior, there is a demand for nuts that are produced using eco-friendly methods and support fair labor practices. This trend is driven by a desire for transparency and accountability in the supply chain, with consumers prioritizing brands that align with their values. Additionally, the rise of plant-based diets has also contributed to the increasing demand for sustainably sourced nuts.

Trends in the market: In Southern Africa, the Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a surge in demand for organic and sustainably sourced nuts. This trend is driven by growing consumer awareness and preferences for healthy and environmentally friendly products. Additionally, there is a rising demand for nut-based snacks and ingredients in the region, driven by the increasing popularity of plant-based diets. This trend is expected to continue in the coming years, presenting opportunities for industry stakeholders to tap into the growing market for sustainable and healthy nut products.

Local special circumstances: In Southern Africa, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the region's diverse cultural and geographical factors. The market is driven by the growing demand for healthy and natural snacking options, as well as the region's traditional use of nuts in various cuisines. Additionally, the region's favorable climate for nut production and the rise in health-conscious consumers have further boosted the market's growth. However, regulatory challenges, such as strict import and export regulations, have posed challenges for market players in Southern Africa.

Underlying macroeconomic factors: The Nuts Market within the Fruits & Nuts Market of The Food market in Southern Africa is significantly impacted by macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The growth of the market is heavily influenced by the overall economic health of the country, as well as government policies and regulations that affect trade and investment. Countries with stable economies and favorable regulatory environments are experiencing higher market growth compared to those with economic challenges and regulatory barriers. Furthermore, the increasing demand for healthy and nutritious food products, coupled with the rising awareness of the health benefits of nuts, is driving the growth of the Nuts Market in Southern Africa. Overall, these macroeconomic factors play a crucial role in shaping the performance and growth of the Nuts Market within the Fruits & Nuts Market in the region.

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.