The nuts market in Italy has shown consistent growth from 2014 to 2023, reaching 521 thousand metric tons in 2023 from 391 thousand metric tons in 2014. The year-on-year variation was 1.36% in 2023, and the compound annual growth rate (CAGR) over the last five years stood at 1.32%. Earlier periods saw more significant increases, such as 11.92% in 2016. The forecast indicates a continued upward trend with the market expected to reach 555 thousand metric tons by 2028, marking a forecasted 5-year CAGR of approximately 1%.
Future trends to watch for include:
- Consumer preferences leaning towards healthier snacking options.
- Increased demand for plant-based protein sources.
- Expanding product lines and flavors by market players to capture a broader customer base.
- Potential supply chain disruptions impacting production and distribution.
- Climate change effects on nut cultivation and yield.