The global nuts market showed diverse performance among countries. China, Vietnam, and India lead in volume with China maintaining the largest share. Notably, Vietnam and Brazil experienced significant growth with a 4.61% and 2.48% increase respectively in 2023. On the contrary, Nigeria and Myanmar faced declines of -6.35% and -2.92% respectively. Other countries such as Italy, Spain, and Mozambique showed positive growth trends.
Looking ahead, expect robust demand in Asian markets driven by dietary changes and increased nut consumption as a snack. However, challenges such as fluctuating agricultural yields and climate conditions could impact supply. Watch for innovation in nut-based products that may influence market expansion.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21.83 | 2018 | View data | ||
| 2 | 2 Vietnam | 15.4 | 2023 | +4.72% | +4.61% | View data |
| 3 | 3 India | 12.7 | 2023 | +0.63% | -0.18% | View data |
| 4 | 4 United States | 7.67 | 2023 | +1.43% | +0.84% | View data |
| 5 | 5 Iran | 5.8 | 2023 | +1.29% | +0.56% | View data |
| 6 | 6 Italy | 2.96 | 2023 | +1.36% | +1.32% | View data |
| 7 | 7 Spain | 2.48 | 2023 | +2.35% | +1.69% | View data |
| 8 | 8 Germany | 1.78 | 2023 | +0.97% | +0.65% | View data |
| 9 | 9 France | 1.6 | 2023 | +1.44% | +0.88% | View data |
| 10 | 10 Philippines | 1.05 | 2023 | +0.55% | +0.55% | View data |
