The nuts market in Saudi Arabia displayed mixed trends from 2014 through 2023, witnessing periods of both stability and decline. In 2023, the market volume was 44.0 thousand metric tons, reflecting a stabilization from the preceding year. A notable shift occurred in 2020, where market volume experienced a significant 5% drop. Over the last two years, the market showed minimal year-on-year variation. However, over the previous five years, there has been a modest average annual growth rate (CAGR) of 0.46%.
Looking ahead, the nuts market is projected to grow at a slower CAGR of 0.29% over the next five years, predicting a total growth rate of approximately 1.45% by 2028. Future trends to watch for include potential impacts from changing consumer preferences toward healthier snacking options, increased demand for plant-based proteins, and sustainability trends which may affect supply chains and market dynamics.
