The data you’ve provided paints a clear picture of the nuts market in Latin America and the Caribbean (LATAM & Caribbean). The overarching theme is one of modest, steady, and strategic growth, with a clear shift from commodity-based production to higher-value products.
1. Market Growth is Gradual, Not Explosive
Volume: The market is projected to expand from 868,000 tons in 2024 to 1.0 million tons by 2035. The CAGR of +1.6% signifies a healthy, predictable increase, which allows for long-term business planning rather than reactive, short-term scaling.
Value: The market value is expected to grow from $3.0 billion to $3.8 billion over the same period, at a slightly higher CAGR of +2.1%. This is a crucial detail, as it indicates that the average price per ton is increasing, a sign of a market that is moving up the value chain.
2. Domestic Demand is a Key Driver
The report highlights that expanding domestic demand is a “good sign for producers who want to reduce reliance on exports.” This is a significant point for a region historically focused on exporting raw materials. A strong local market provides a buffer against global price fluctuations and trade disruptions, contributing to greater stability for producers and traders.
3. The Future is in Value-Added Products
This is the most critical strategic insight from the data. The report explicitly states that “premium segments” and “value-added processing” are the “practical plays.”
4. Key Trends Reinforce the Strategy
Health & Wellness: The consumer demand for protein-rich, plant-based, and healthy snack products is directly fueling the market.