In reviewing the nuts market size volume in the Philippines, the forecasted data for 2024 indicates 186.0 thousand metric tons, showing a gradual increase to 191.0 thousand metric tons by 2028. Starting from a base in 2023, the year-on-year variation indicates a very steady growth trend. Specifically, the market volume is set to grow by an annual average of approximately 0.5% over the forecasted period, showcasing consistent albeit modest growth.
Future trends to watch for include:
- Increased demand for healthier snack options, which may boost nut consumption.
- Potential impacts of climate change on nut production and supply chains.
- Economic fluctuations that might affect consumer purchasing power and market demand.