The Prepared or Preserved Nuts market in the UK has exhibited notable growth from 2012 to 2022, with volume increasing from 26.139 million kilograms to 49.394 million kilograms. The market experienced significant year-on-year growth between 2013 (23.78%) and 2016 (14.68%), with a peak growth rate of 17.81% in 2015. However, 2018 saw a decrease of -7.75%, though it rebounded in subsequent years. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.71%. Notably, for the last two years (2021 and 2022), the market experienced modest growth of 2.59% and 2.71% year-on-year.
Looking ahead, market trends to watch for include:
- Consumer health trends driving demand for natural and unsweetened nut varieties.
- Expansion of niche markets, such as organic, vegan, and gluten-free options.
- Innovation in packaging to improve shelf life and convenience.
- Potential impact of economic factors on consumer spending patterns.
How does the United Kingdom rank in Prepared or Preserved Nuts Market Size Volume?
# | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Spain | 167,880,000 | 2023 | +1.58% | +0.34% | View data |
2 | 2 United Kingdom | 50,614,000 | 2023 | +2.47% | +3.87% | |
3 | 3 Netherlands | 41,830,000 | 2023 | +0.023% | +0.95% | View data |
4 | 4 Portugal | 38,338,000 | 2023 | -0.42% | -0.77% | View data |
5 | 5 Bulgaria | 37,966,000 | 2023 | -0.39% | -0.38% | View data |