In 2023, the global demand for nuts was led by China, Vietnam, and India, with China accounting for the largest share of consumption. Over the last year, the most notable growth was in Vietnam, at 4.51%, and countries such as Indonesia and Romania also saw significant increases. Meanwhile, Nigeria and Russia experienced notable declines. The compound annual growth rate (CAGR) over the five-year span showed a growing preference for healthier diets, catalyzing demand, particularly in emerging markets like Vietnam and Brazil, while consumption in mature markets like the US and Europe remained stable.
Future trends to watch include the impact of health trends boosting nut consumption in Asia-Pacific, technological advancements in processing and production, and the effects of any trade policy changes following geopolitical shifts. Sustainability concerns and climate resilience strategies will also be crucial as the industry seeks to balance increasing demand with environmental impacts.
Top countries in Nuts Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 22.14 | 2023 | +0.47% | +0.48% | View data |
| 2 | 2 Vietnam | 15.73 | 2023 | +4.69% | +4.51% | View data |
| 3 | 3 India | 12.55 | 2023 | +0.62% | -0.17% | View data |
| 4 | 4 United States | 8.48 | 2023 | +1.72% | +0.89% | View data |
| 5 | 5 Iran | 5.96 | 2023 | +1.22% | +0.56% | View data |
| 6 | 6 Italy | 2.98 | 2023 | +1.5% | +1.34% | View data |
| 7 | 7 Spain | 2.51 | 2023 | +2.24% | +1.66% | View data |
| 8 | 8 Germany | 1.73 | 2023 | +0.96% | +0.65% | View data |
| 9 | 9 France | 1.56 | 2023 | +1.07% | +0.8% | View data |
| 10 | 10 Indonesia | 1.12 | 2023 | +3.55% | +3.71% | View data |
