The nuts market in Norway stood at 1.90 kilograms per capita in 2023. The forecasted data indicates a slight but steady decrease in per capita consumption, with a projected value of 1.89 kg in 2024, declining gradually to 1.86 kg by 2028. This represents year-on-year declines of approximately 0.53% from 2024 to 2025 and 0.53% from 2025 to 2026, slowing further to negligible changes in the following years. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period is expected to be around -0.26%.
Future trends to watch for:
- Shifts in consumer preferences towards health-conscious eating patterns may bolster nuts consumption.
- Economic fluctuations could impact disposable income, thereby affecting purchasing power and consumption levels.
- Innovation in nut-based products and increased marketing efforts might counteract the predicted decline.