Product Code: ETC383364 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India nuts market import shipments demonstrated a robust growth trajectory from 2020 to 2024, with a noteworthy CAGR of 15.4%. Notably, the market experienced accelerated expansion between 2023 and 2024, with a growth rate of 31.5%, indicating significant momentum and a thriving market trend.
The India nuts market was valued at US$ 3 billion and is projected to grow at a CAGR of 7% during the forecast period. The growth rate can be attributed mainly due to high consumption levels among health-conscious consumers who prefer nourishing snacks like dry fruits & nuts with a negligible sugar content over other processed foods available in stores today. Growing consumer inclination toward healthy snacking options is boosting demand for nut products across various cities within India and thereby driving sales up significantly along with improving economic conditions enabling higher purchasing power than before amongst buyers residing here too making it an attractive business opportunity for industry players operating within this space currently or wanting to enter into it now onwards looking ahead t make most out these opportunities moving forward accordingly going ahead then eventually.
In the India nuts market, drivers such as the growing perception of nuts as a healthy and convenient snack option have fueled market expansion. The rising awareness of the health benefits of nuts, such as being a good source of healthy fats, proteins, and essential nutrients, has driven their consumption among health-conscious consumers.
Despite the popularity of nuts as healthy snacks, the nuts market in India faces several challenges. One primary obstacle is the price sensitivity of consumers, leading to a preference for cheaper alternatives. Additionally, the lack of proper storage and distribution infrastructure affects the quality and availability of nuts, hindering market growth.
The nuts market witnessed fluctuations in demand during the pandemic. While there was an initial surge in demand for healthy snacking options, the closure of retail outlets and disrupted logistics impacted the distribution and sales of nuts.
In the India nuts market, several key players are playing a crucial role in supplying and distributing nuts. Prominent companies in this sector include NuttyDelights India, NutraNuts Co., SuperNuts India Ltd., FreshFarms Nuts, and QualityNut Distributors.