India’s dry fruits and nuts market is on course to nearly double in size, projected to reach around ?1.7 lakh crore by 2028, according to a report by Praxis Global Alliance.

The sector is currently growing at a compound annual growth rate (CAGR) of 11% between 2024 and 2028, driven by rising health consciousness, higher disposable incomes, and easy access through online and quick-commerce platforms.

Within the overall category, peanuts hold the largest share, followed by cashews, almonds, pistachios, raisins, and walnuts. Demand for almonds, cashews, and pistachios in particular is expanding steadily as consumers increasingly opt for healthier snacking choices. The market has grown from ?65,400 crore in 2018 to ?1.01 lakh crore in 2023, with “strong momentum expected to continue”.

Read more at India’s dry fruits & nuts market set to touch ?1.7 lakh crore by 2028