Nuts - Uzbekistan | Statista Market Forecast

Revenue in the Nuts market amounts to US$73.12m in 2024. The market is expected to grow annually by 6.90% (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$2.05 are generated in 2024.
In the Nuts market, volume is expected to amount to 70.26m kg by 2029. The Nuts market is expected to show a volume growth of 6.9% in 2025.0.
The average volume per person in the Nuts market is expected to amount to 1.7kg 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 Uzbekistan is experiencing subdued growth due to various factors such as limited consumer awareness, low purchasing power, and lack of technological advancements in the region. Despite this, the market is expected to grow steadily, driven by increasing demand for healthy snack options and the rising trend of incorporating nuts in daily diets.

Customer preferences: As the demand for healthier snacking options grows, consumers in Uzbekistan are increasingly seeking out nuts as a nutritious and convenient choice. This trend is further fueled by changing dietary preferences and a growing awareness of the health benefits of nuts. Additionally, with the rise of e-commerce and online shopping, consumers are opting for convenient and hassle-free ways to purchase nuts, leading to a surge in online nut sales.

Trends in the market: In Uzbekistan, the Nuts Market of the Fruits & Nuts Market within The Food market is experiencing a surge in demand for organic and sustainably sourced nuts. Consumers are becoming increasingly aware of the health and environmental benefits of choosing these products, leading to a shift towards more ethical and eco-friendly nut options. This trend is expected to continue, with a growing focus on sustainable practices and transparency in the supply chain. For industry stakeholders, this presents an opportunity to differentiate themselves and cater to evolving consumer preferences.

Local special circumstances: In Uzbekistan, the Nuts Market of the Fruits & Nuts Market within The Food market is influenced by the country's rich agricultural heritage and diverse cultural influences. The demand for nuts is driven by the local cuisine, which often includes dishes that heavily feature nuts. Additionally, the government's efforts to promote sustainable agriculture have resulted in a high-quality and diverse range of nuts being produced in the country. This, combined with the growing health consciousness among consumers, has led to a steady increase in demand for nuts in Uzbekistan.

Underlying macroeconomic factors: The growth of the Nuts Market within the Fruits & Nuts Market of The Food market is heavily dependent on macroeconomic factors such as consumer purchasing power, trade policies, and economic stability. Countries with high disposable incomes and stable economic conditions are likely to experience higher demand for nuts, as consumers have more purchasing power to spend on luxury food items. In contrast, countries with volatile economies and restrictive trade policies may face challenges in importing and exporting nuts, leading to fluctuations in market growth. Additionally, changing consumer preferences and dietary trends, such as the increasing focus on healthy eating, are also influencing the demand for nuts in the global 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.