As hot weather is a characteristic of most parts of the Brazilian territory, there is room for expansion of the area of cultivation for coconuts. The expansion of coconut growing to other regions has already been seen due to rising demand for coconut water, and consequent increases in prices.
Despite increasing consumer awareness of the health benefits of nuts, the demand for almonds and cashew nuts is traditionally mostly restricted to a niche target audience, namely class A and B consumers. The general reduction in purchasing power is not expected to fully recover before 2024, which indicates that similar conservative behaviour in the consumption of nuts is expected over the forecast period.
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Understand the latest market trends and future growth opportunities for the Nuts industry in Brazil with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This includes unpackaged and packaged single variant raw unprocessed nuts, whether in shell or deshelled. Nuts is the aggregation of almonds, coconuts, peanuts (or groundnuts), pistachio, walnuts and other nuts. All nuts that are further processed through for example roasting or flavouring or mixed with dried fruit, as well as mixes of different kinds of nuts are excluded whether packaged or unpackaged. Note that nuts used for flavouring beverages and the extraction of oil or fat are excluded from the channels covered, as are chewing/stimulant nuts: areca/betel nuts, kola nuts, illipe nuts, karate nuts, coconuts, tung nuts, oil palm nuts, etc.See All of Our Definitions
This report originates from Passport, our Nuts research and analysis database.
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