Nuts - Togo | Statista Market Forecast

Revenue in the Nuts market amounts to US$8.28m in 2024. The market is expected to grow annually by 6.82% (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$0.89 are generated in 2024.
In the Nuts market, volume is expected to amount to 2.64m kg by 2029. The Nuts market is expected to show a volume growth of 5.6% 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 in Togo is experiencing steady growth, driven by factors such as consumer preference for healthy snacks and convenience of online shopping. However, the minimal growth rate is impacted by limited access to digital technologies and low consumer awareness of online options.

Customer preferences: Consumer demand for healthy and natural snacks is on the rise in Togo, leading to a growing interest in nuts. This trend is driven by a shift towards healthier lifestyles and a desire for convenient, on-the-go options. In addition, the growing middle class in Togo has increased purchasing power, leading to a greater demand for premium and organic nuts. Furthermore, the use of nuts in traditional Togolese cuisine has also contributed to their popularity in the market.

Trends in the market: In Togo, 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 increasing consumer awareness and demand for healthier and environmentally friendly food options. As a result, industry stakeholders are investing in sustainable farming practices and certifications to cater to this growing market segment. This trend is expected to continue, as consumers become more conscious of their food choices and seek out products that align with their values. Additionally, with the global trend towards plant-based diets, there is a potential for further growth in the nuts market in Togo. This presents opportunities for industry players to innovate and diversify their product offerings to cater to this evolving market.

Local special circumstances: In Togo, the Nuts Market of the Fruits & Nuts Market within The Food market is heavily influenced by the country's climate and geography. The tropical climate and fertile land make it an ideal location for the cultivation of various nuts, such as cashews, almonds, and walnuts. Additionally, the country's rich cultural heritage has led to unique processing techniques and flavor profiles, setting Togo's nut products apart from those in other markets. The government's efforts to promote sustainable agriculture and support small-scale farmers also play a significant role in shaping the Nuts Market in Togo.

Underlying macroeconomic factors: The Nuts Market of the Fruits & Nuts Market within The Food market is also impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Countries with stable and growing economies, favorable fiscal policies, and strong investments in the food industry are likely to experience higher demand for nuts, driving market growth. Additionally, the increasing awareness of the health benefits of nuts, coupled with the rising prevalence of chronic diseases, is expected to fuel the demand for healthy food options, including 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.