In 2023, the nuts market size volume per capita in Malaysia stood at 0.88 kg. The forecasted data from 2024 to 2028 indicate a gradual decline in consumption. Specifically, the per capita consumption decreases by 2.3% from 2023 to 2024, 2.3% from 2024 to 2025, 2.4% from 2025 to 2026, 1.2% from 2026 to 2027, and 1.2% from 2027 to 2028. Over a five-year period, the average compound annual growth rate (CAGR) is -1.6%.
Future trends to watch for:
- Increased health consciousness driving demand for healthier snacks.
- Potential for growth in organic and premium nut segments.
- Impact of economic factors on consumer spending and dietary habits.
