Fruits & Nuts - South America

South America

Highlights

Revenue in the Fruits & Nuts market amounts to US$32.47bn in 2024. The market is expected to grow annually by 6.83% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$135bn in 2024).
In relation to total population figures, per person revenues of US$78.59 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 17.10bn kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 3.6% in 2025.0.
The average volume per person in the Fruits & Nuts market is expected to amount to 37.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fruits & Nuts Market in South America is experiencing minimal growth, influenced by factors such as fluctuating weather conditions, varying consumer preferences, and the ongoing competition from imported products, which challenge local producers’ market presence.

Customer preferences: Consumers in South America are increasingly prioritizing health-conscious choices, leading to a rising demand for organic and sustainably sourced fruits and nuts. This trend is influenced by a growing awareness of nutrition and wellness, especially among younger demographics who value transparency in food sourcing. Additionally, an uptick in plant-based diets has boosted interest in nuts as protein alternatives. Cultural shifts towards snacking on healthier options are further shaping preferences, driving local producers to innovate and adapt their offerings to meet these evolving consumer needs.

Trends in the market: In South America, the Fruits & Nuts market is experiencing a surge in demand for organic and sustainably sourced products, driven by consumers' increasing focus on health and wellness. This trend is particularly prominent among younger demographics who prioritize transparency and ethical sourcing in their food choices. Additionally, the rise of plant-based diets is enhancing the appeal of nuts as viable protein alternatives. As preferences shift towards healthier snacking options, local producers are compelled to innovate, adapting their offerings to align with these evolving consumer demands, which could lead to significant growth opportunities for industry stakeholders.

Local special circumstances: In South America, the Fruits & Nuts market is uniquely influenced by the region's diverse climates and rich biodiversity, allowing for a wide variety of native fruits and nuts. Cultural traditions play a significant role, with many consumers valuing local products and indigenous practices in cultivation. Additionally, stringent regulations regarding organic certifications and sustainability practices are shaping production methods. These factors, combined with a strong emphasis on community-based agriculture, create a distinct market dynamic that encourages innovation while preserving traditional farming techniques.

Underlying macroeconomic factors: The Fruits & Nuts market in South America is significantly shaped by macroeconomic factors such as trade policies, currency fluctuations, and consumer spending trends. Global demand for organic and sustainably sourced produce is driving exports, while favorable fiscal policies promoting agriculture boost local production. Economic health indicators, such as GDP growth and inflation rates, influence consumer purchasing power, impacting market dynamics. Additionally, investments in agricultural technology and infrastructure enhance productivity, allowing producers to meet both domestic and international market needs, thereby fostering a more resilient and competitive sector.

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.