The nuts market in Vietnam has exhibited consistent growth from 2024 to 2028, with per capita consumption forecasted to increase annually. In 2023, the market size stood at 28.41 kilograms per capita. The forecasted figures show a steady year-on-year rise:
- 2024: 29.56 kg (Up 4.05% from 2023)
- 2025: 30.77 kg (Up 4.09% from 2024)
- 2026: 31.96 kg (Up 3.87% from 2025)
- 2027: 33.13 kg (Up 3.66% from 2026)
- 2028: 34.27 kg (Up 3.44% from 2027)
The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) is approximately 3.82%.
Future trends to watch for in the Vietnamese nuts market include increasing consumer awareness of health benefits, potential shifts in dietary habits favoring plant-based proteins, and market innovations in nut-based products. Monitoring these trends can provide insights into further consumption growth and emerging market opportunities.
