Nuts in India

Euromonitor International
February 2020
NUTS IN INDIA Passport i

LIST OF CONTENTS AND TABLES

Headlines ..................................................................................................................................... 1
Prospects ..................................................................................................................................... 1
Snacking and Healthy Lifestyles Promote Sales of Nuts in Retail ............................................ 1
Nuts Experiences Healthy Growth in Foodservice in 2019 and More Extensive Usage in
Packaged Foods ....................................................................................................................... 1
Coconuts Continue To Be Popular for Soft Drinks and in Cooking ........................................... 1
Category Data .............................................................................................................................. 1
Table 1 Total Sales of Nuts by Category: Total Volume 2014-2019.......................... 1
Table 2 Total Sales of Nuts by Category: % Total Volume Growth 2014-2019 ......... 2
Table 3 Retail Sales of Nuts by Category: Volume 2014-2019 ................................. 2
Table 4 Retail Sales of Nuts by Category: % Volume Growth 2014-2019 ................. 2
Table 5 Retail Sales of Nuts by Category: Value 2014-2019 .................................... 3
Table 6 Retail Sales of Nuts by Category: % Value Growth 2014-2019 .................... 3
Table 7 Sales of Nuts by Organic/Fairtrade % of Total: % Total Volume 2014-
2019 ............................................................................................................. 3
Table 8 Retail Sales of Nuts by Packaged vs Unpackaged: % Volume 2014-
2019 ............................................................................................................. 3
Table 9 Forecast Total Sales of Nuts by Category: Total Volume 2019-2024 ........... 4
Table 10 Forecast Total Sales of Nuts by Category: % Total Volume Growth
2019-2024 .................................................................................................... 4
Table 11 Forecast Retail Sales of Nuts by Category: Volume 2019-2024 .................. 4
Table 12 Forecast Retail Sales of Nuts by Category: % Volume Growth 2019-
2024 ............................................................................................................. 4
Table 13 Forecast Retail Sales of Nuts by Category: Value 2019-2024 ..................... 5
Table 14 Forecast Retail Sales of Nuts by Category: % Value Growth 2019-
2024 ............................................................................................................. 5

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NUTS IN INDIA Passport 1

NUTS IN INDIA
HEADLINES
▪ Nuts increases by 3% in total volume terms in 2019, to reach 14 million tonnes
▪ Snacking habits and healthy lifestyles promote sales of nuts
▪ Other nuts witnesses the highest total volume growth of 10% in 2019
▪ Nuts is expected see a total volume CAGR of 7% in the forecast period, to reach 20 million
tonnes in 2024

PROSPECTS

Snacking and Healthy Lifestyles Promote Sales of Nuts in Retail

Nuts have become a common snack, as health-conscious consumers are ditching oily and
sugary snacks. A bowl of peanuts, almonds, pistachios or other nuts is often consumed during
tea time, when travelling or on other occasions. Also, during festivals consumers prepare
healthy desserts using nuts. Munching on almonds or peanuts has recently become a trend,
with manufacturers advertising the health benefits of such products. During the forecast period,
snacking and healthy lifestyles are expected to boost sales of nuts in retail with nuts such as
almonds being driven by the expanding middle class in the country.

Nuts Experiences Healthy Growth in Foodservice in 2019 and More

Extensive Usage in Packaged Foods
Apart from their use in households, nuts are finding many uses in consumer foodservice and
packaged food. Nuts are used as dressings and as flavours in many dishes in consumer
foodservice outlets, whilst raw or roasted nuts are used for producing packaged foods such as
breakfast cereals, savoury snacks, snack bars, biscuits and many more. In the forecast period,
the use of nuts in consumer foodservice and packaged food will contribute to volume growth.

Coconuts Continue To Be Popular for Soft Drinks and in Cooking

Coconuts are purchased for their multiple uses in India – they can be consumed for
refreshment and used in cooking. The entire coastal belt and the southern states of India mass-
produce coconuts. Tender coconut drinks are popular refreshments sold the length and breadth
of the country, appreciated for their taste and medicinal qualities. Coconuts are also used for
making coconut oil and coconut milk, and coconut inner scrapings are extensively used to
prepare dishes and desserts. Coconut milk is gaining popularity as it adds flavour to dishes, and
is used as a delicacy in many southern Indian consumer foodservice outlets. The consumption
of raw and dried coconut is expanding into the northern states of India as consumers explore its
benefits, a trend set to continue into the forecast period.

CATEGORY DATA
Table 1 Total Sales of Nuts by Category: Total Volume 2014-2019

'000 tonnes
2014 2015 2016 2017 2018 2019

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NUTS IN INDIA Passport 2

Almonds 64.1 74.3 80.3 105.5 107.0 108.0

Coconuts 8,005.4 8,721.6 10,221.3 10,438.9 10,176.1 10,766.3
Peanuts (Groundnuts) 3,033.4 2,992.6 2,828.6 3,056.5 3,646.7 3,387.8
Pistachio 17.8 21.4 23.9 26.9 30.4 33.4
Walnuts 16.2 17.4 18.7 20.2 21.9 23.8
Other Nuts 62.7 66.5 70.8 75.8 82.9 91.2
Nuts 11,199.6 11,893.8 13,243.6 13,723.9 14,065.1 14,410.5
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

Table 2 Total Sales of Nuts by Category: % Total Volume Growth 2014-2019

% total volume growth

2018/19 2014-19 CAGR 2014/19 Total

Almonds 0.9 11.0 68.4

Coconuts 5.8 6.1 34.5
Peanuts (Groundnuts) -7.1 2.2 11.7
Pistachio 9.8 13.4 87.6
Walnuts 8.4 8.0 46.9
Other Nuts 10.0 7.8 45.5
Nuts 2.5 5.2 28.7
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

Table 3 Retail Sales of Nuts by Category: Volume 2014-2019

'000 tonnes
2014 2015 2016 2017 2018 2019

Almonds 51.2 58.6 63.4 83.4 84.5 85.3

Coconuts 6,774.3 7,644.1 8,530.7 8,933.4 8,954.9 9,474.3
Peanuts (Groundnuts) 2,535.1 2,455.9 2,743.4 2,842.4 3,209.1 2,981.3
Pistachio 9.3 12.0 14.9 16.7 20.0 24.4
Walnuts 11.5 13.9 17.2 19.1 21.0 22.5
Other Nuts 41.7 47.3 54.0 56.1 61.4 64.7
Nuts 9,422.9 10,231.8 11,423.5 11,951.0 12,350.9 12,652.5
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

Table 4 Retail Sales of Nuts by Category: % Volume Growth 2014-2019

% volume growth
2018/19 2014-19 CAGR 2014/19 Total

Almonds 0.9 10.8 66.7

Coconuts 5.8 6.9 39.9
Peanuts (Groundnuts) -7.1 3.3 17.6
Pistachio 21.9 21.4 163.5
Walnuts 7.1 14.4 96.0
Other Nuts 5.5 9.2 55.4
Nuts 2.4 6.1 34.3
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

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NUTS IN INDIA Passport 3

Table 5 Retail Sales of Nuts by Category: Value 2014-2019

INR bn
2014 2015 2016 2017 2018 2019

Almonds 51.7 63.3 76.1 112.6 118.3 121.2

Coconuts 1,394.0 1,681.7 1,962.1 2,054.7 2,104.4 2,273.8
Peanuts (Groundnuts) 426.8 442.1 526.7 565.6 641.8 602.2
Pistachio 10.4 14.4 19.0 22.2 27.0 33.0
Walnuts 12.9 16.7 22.3 27.7 31.5 34.4
Other Nuts 35.1 42.5 51.3 56.1 64.4 69.6
Nuts 1,930.8 2,260.6 2,657.5 2,838.9 2,987.5 3,134.2
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

Table 6 Retail Sales of Nuts by Category: % Value Growth 2014-2019

% current value growth

2018/19 2014-19 CAGR 2014/19 Total

Almonds 2.4 18.6 134.4

Coconuts 8.1 10.3 63.1
Peanuts (Groundnuts) -6.2 7.1 41.1
Pistachio 22.4 26.0 218.1
Walnuts 9.2 21.7 167.2
Other Nuts 8.0 14.7 98.5
Nuts 4.9 10.2 62.3
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

Table 7 Sales of Nuts by Organic/Fairtrade % of Total: % Total Volume 2014-2019

% total volume
2014 2015 2016 2017 2018 2019

Fairtrade - - - - - -
Organic 0.1 0.0 0.0 0.0 0.0 0.0
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

Table 8 Retail Sales of Nuts by Packaged vs Unpackaged: % Volume 2014-2019

% retail volume
2014 2015 2016 2017 2018 2019

Packaged 6.0 8.0 10.0 11.0 12.0 12.9

Unpackaged 94.0 92.0 90.0 89.0 88.0 87.1
Total 100.0 100.0 100.0 100.0 100.0 100.0
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources

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NUTS IN INDIA Passport 4

Table 9 Forecast Total Sales of Nuts by Category: Total Volume 2019-2024

'000 tonnes
2019 2020 2021 2022 2023 2024

Almonds 108.0 113.4 119.3 125.9 133.2 141.3

Coconuts 10,766.3 11,756.8 12,809.0 13,923.4 15,099.9 16,338.1
Peanuts (Groundnuts) 3,387.8 3,320.1 3,286.9 3,305.1 3,319.7 3,386.1
Pistachio 33.4 37.6 41.8 46.1 50.3 54.3
Walnuts 23.8 23.8 25.9 26.0 28.3 28.4
Other Nuts 91.2 100.3 110.1 120.8 132.4 145.0
Nuts 14,410.5 15,351.9 16,393.0 17,547.2 18,763.7 20,093.2
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources

Table 10 Forecast Total Sales of Nuts by Category: % Total Volume Growth 2019-2024

% total volume growth

2019/20 2019-24 CAGR 2019/24 Total

Almonds 5.0 5.5 30.8

Coconuts 9.2 8.7 51.8
Peanuts (Groundnuts) -2.0 0.0 0.0
Pistachio 12.4 10.2 62.4
Walnuts 0.3 3.6 19.5
Other Nuts 9.9 9.7 58.9
Nuts 6.5 6.9 39.4
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources

Table 11 Forecast Retail Sales of Nuts by Category: Volume 2019-2024

'000 tonnes
2019 2020 2021 2022 2023 2024

Almonds 85.3 89.6 94.2 99.4 105.2 111.6

Coconuts 9,474.3 10,346.0 11,271.9 12,252.6 13,287.9 14,377.5
Peanuts (Groundnuts) 2,981.3 2,921.7 2,892.4 2,908.8 2,921.4 2,979.8
Pistachio 24.4 30.4 38.7 50.4 67.1 91.0
Walnuts 22.5 22.6 24.5 24.6 26.7 26.9
Other Nuts 64.7 74.2 78.1 89.4 94.0 107.3
Nuts 12,652.5 13,484.3 14,400.0 15,425.3 16,502.3 17,694.1
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources

Table 12 Forecast Retail Sales of Nuts by Category: % Volume Growth 2019-2024

% volume growth
2019/20 2019-24 CAGR 2019/24 Total

Almonds 5.0 5.5 30.8

Coconuts 9.2 8.7 51.8
Peanuts (Groundnuts) -2.0 0.0 0.0
Pistachio 24.7 30.1 273.4
Walnuts 0.3 3.6 19.5

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NUTS IN INDIA Passport 5

Other Nuts 14.6 10.6 65.7

Nuts 6.6 6.9 39.8
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources

Table 13 Forecast Retail Sales of Nuts by Category: Value 2019-2024

INR bn
2019 2020 2021 2022 2023 2024

Almonds 121.2 127.2 133.8 141.2 149.4 158.5

Coconuts 2,273.8 2,483.0 2,705.3 2,940.6 3,189.1 3,450.6
Peanuts (Groundnuts) 602.2 590.2 584.3 587.6 590.1 601.9
Pistachio 33.0 41.2 52.5 68.4 90.9 123.3
Walnuts 34.4 34.5 37.5 37.6 40.9 41.1
Other Nuts 69.6 79.8 84.0 96.1 101.0 115.3
Nuts 3,134.2 3,355.9 3,597.3 3,871.5 4,161.4 4,490.8
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources

Table 14 Forecast Retail Sales of Nuts by Category: % Value Growth 2019-2024

% constant value growth

2019/2020 2019-24 CAGR 2019/24 Total

Almonds 5.0 5.5 30.8

Coconuts 9.2 8.7 51.8
Peanuts (Groundnuts) -2.0 0.0 0.0
Pistachio 24.7 30.1 273.4
Walnuts 0.3 3.6 19.5
Other Nuts 14.6 10.6 65.7
Nuts 7.1 7.5 43.3
Source: Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources

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