In 2023, India's domestic consumption of shelled pistachios was approximately 36.5 thousand metric tons. From 2024 to 2028, the forecast anticipates significant growth, projecting an increase from 39.0 to 49.61 thousand metric tons. Year-on-year growth rates are approximately 6.9% for 2024-2025 and 6.4% for 2025-2026, slightly declining thereafter but maintaining a robust annual growth. The compound annual growth rate (CAGR) from 2024 through 2028 is approximately 6.1%.
Future trends to watch include:
- Rising consumer health awareness, boosting demand for healthy snacks like pistachios.
- Increased urbanization and disposable incomes potentially driving higher consumption rates.
- Possible shifts in import-export dynamics affecting availability and pricing.
- Growing popularity of plant-based diets influencing overall nut consumption.
