Global Macadamia Nut Market is Segmented By Type (Whole Nut, Half Nut, Others), By Category (Organic, Conventional), By Application (Confectionary, Cosmetics, Food & Beverages, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Sales, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
The Global Macadamia Nut Market is expected to grow at a high CAGR during the forecast period (2024-2031).
Macadamia nuts are a type of tree nut with a buttery flavor and a creamy texture. Macadamia kernels can be consumed, cooked, or processed into a wide range of products. Popular flavors include roasted, roasted and salted, chocolate coated, honey-roasted, and wasabi-flavored. They are also ground into a paste and cold-pressed into oil, which is used in biscuits, pastries, and ice cream. Macadamia nut kernels that have been oil-roasted are popular, but dry-roasted nuts are preferred because they contain only endogenous macadamia oil. A major driver of industry expansion has been growing public knowledge of the health advantages of nuts and dried fruits. Macadamia nuts are also used to make macadamia oil, which is becoming increasingly popular among businesses and consumers.
Source: DataM Intelligence Analysis (2022)
Macadamia Nut Market Dynamics
Numerous health benefits of macadamia nut market is driving the global macadamia nut market.
The popularity of macadamia nut is growing, especially due to its health advantages, such as preventing the diseases such as osteoporosis, maintaining blood pressure levels and rising awareness about the natural cosmetics ingredients among the customers. Macadamia nuts, can help lower LDL cholesterol levels, reduce inflammation linked to heart disease, and enhance artery health. Macadamia nuts' antioxidants and flavonoids also aid in preventing inflammation and cellular damage. They also have tocotrienols (a type of vitamin E) in them, which may help protect against cancer and brain illnesses. Macadamia nuts may assist in lowering the metabolic syndrome risk. Macadamia nuts may help people with type 2 diabetes control their blood sugar levels, minimizing their risk of metabolic syndrome. Tree nuts can also assist people with diabetes in maintaining better glycemic control, which could be due to a mix of fiber, monounsaturated fats, and other nutrients.
Macadamia Nut Market Segmentation
Conventional segment is expected to dominate the global market
In 2020, the conventional segment dominated the market with an XX% market revenue share. Consumers will find these macadamia nuts less expensive and more easily available than their organic versions. Most small-scale domestic producers manufacture traditional macadamia nuts, and their dominance can be observed on supermarket and hypermarket. The global market for conventional macadamia nuts has been boosted by a shift in consumer choice toward healthier snacking options. Aside from snacks, nuts are increasingly used in foods such as spreads, butter, and ice cream toppings. Furthermore, because macadamia nuts are a plant-based source of protein, the growing trend of veganism is projected to have a beneficial impact on market growth. This aspect will continue to increase product demand in the coming years. Conventional macadamia nuts are becoming increasingly popular due to their health benefits. Macadamias have grown in popularity as a result of their high-fat content.
Based on distribution channels, supermarkets and hypermarkets held the highest market revenue share of XX% in 2020. Supermarkets' home delivery and click-and-collect services draw customers to this channel, and the offline industry is flourishing. Furthermore, the number of convenience stores in strategic locations has expanded to serve better busy consumers needing a fast bite. From 2021 to 2028, the internet industry is predicted to increase at the fastest rate of XX%. Walmart sells macadamia nuts to Kroger, Amazon, Alibaba Group, Instacart, FreshDirect, ShopFoodEx, Tesco, Sainsbury's, and Asda Stores Limited, among few major e-commerce platforms. E-retailers value-added services, such as discounted prices, cash-on-delivery, and cash-backs, are expected to drive the online channel's growth in the coming years.
Macadamia Nut Market Geographical Share
Asia Pacific is expected to be the fastest growing region during the forecast period
Asia Pacific is expected to grow with a highest CAGR of XX% during the forecast period. The Asia Pacific market is likely to be driven by rising awareness of nutrient-dense diets and the increasing inclusion of tree nuts in diets across the region. China, Japan, Vietnam, Australia, South Korea, Malaysia, Thailand, and Singapore have all seen increased macadamia nut consumption. The production of macadamia in Australia amounted to 14,800 metric ton in 2018. According to the Australian Macadamia Society, the country has approximately 70.0% of the world’s macadamia production, and it has been exporting the crop to more than 40 countries worldwide. The increased penetration of macadamia nuts into the normal diet of the population in these countries is responsible for the rising consumption. North America is expected to hold a significant market revenue share of XX% in 2020. According to the International Nut & Dried Fruit Council, tree nut consumption in North America accounted for 23% of global tree nut consumption in 2018. Furthermore, according to the world atlas, North America was the world's leading tree nut producer in 2019, accounting for 40% of worldwide tree nut production.
Source: DataM Intelligence Analysis (2022)
Macadamia Nut Market Competitive Landscape
The global macadamia nut market is fragmented. The macadamia nut market is a competitive market and comprises numerous regional and international competitors. Mergers and acquisitions, capacity expansions, online presence strengthening, and new product debuts have all been utilized by companies to achieve a competitive advantage. For instance, in February 2021, Health and Plant Protein Group Limited, announced plans to enter the fast-growing plant-based food alternatives business. In order to make a better-educated investment in macadamia nuts, the company is entirely focused on the production and marketing of macadamia nuts, as well as the plant-based food sector as a whole. Furthermore, while engaging the consumers with innovation and expansion strategies, key players are capitalizing on the market revenue. The macadamia nut industry has benefited from technological advancements and innovative procedures. A number of product releases in recent years have broadened the industry's consumer base while also increasing market competitiveness. For example, the General Mills brand Haagen-Dazs makes macadamia nut ice cream and has lately expanded throughout the Asia Pacific.
COVID-19 Impact: Negative impact on the global macadamia nut market
The negative impact was majorly due to the decline in consumption of nut products in the food service industry and also due to supply chain disruptions. Since the overall supply chain has been affected, the availability of nut products such as macadamia nuts is negatively affected. As a result, the market for macadamia nuts is also affected. Lockdowns in different countries have disrupted the demand for nut products due to the lack of purchasing power, resulting from reduced income in most of the countries. The value chain of the macadamia nuts market has been affected negatively due to the disrupted distribution channels across the globe. Numerous countries worldwide are following social distancing mandated by government authorities to curb the transmission of the outbreak. As a result, both imports and exports in many countries have been either restricted or delayed since the outbreak. This poses a drawback for macadamia nuts suppliers
Why Purchase the Report?
- Understand the current market scenario and viability of global macadamia nut market over the forecast period
- Visualize the composition of the global macadamia nut market in terms of type, category, application and distribution channel to identify major players, growth potential, and market strategies
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market
What we offer?
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
- Excel data sheet with valuable data points of the global macadamia nut market – Regional and Country level segmentation
- Product mapping in excel for the key products of all major market players
- Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global macadamia nut market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages
Target Audience
- Food and Beverage Companies
- Nut Products Manufacturers
- Industry Investors
- Education & Research Institutes
- Research Professionals
