Nuts Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM3116 | Last Updated On: Jan 18 2023 | Available Formats

> Global Nuts Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Nuts Market Is Segmented By Type (Walnuts, Cashew, Hazelnuts, Pistachios, Chestnuts, Brazil Nuts, Almond, Pecans, Macadamia Nuts, Pine Nuts, Peanuts, Hickory Nuts, Others), By Production (Conventional, Organic), By Form (Whole Nut, Diced/Cut, Granular), By Coating (Uncoated, Coated), By Distribution Channel (Retail Stores, Supermarket/Hypermarket, Convenience Store, E-Commerce, Others), By Application (Household, Food and Beverage, Cosmetics, Healthcare, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Nuts Market Overview

The Nuts Market is expected to grow at a high CAGR of 5.8% during the forecasting period (2022-2029).

A nut is composed of a non-edible hard shell and an edible seed. Nuts are oily kernels present within a shell of the fruit and used in various food products globally. Nuts and seeds are excellent sources of healthy fats, protein, fibres, minerals and vitamins. They also regulate the body weight as their fats are not fully absorbed; they also regulate food intake and energy burning.

Nuts and seeds are unsaturated fats and other nutrients that offer protective effects against heart diseases. Besides, they gained popularity as snack food as they are inexpensive, easy to store and easy to pack. Almond, hazelnut, cashew, walnuts, pine nuts, sunflower nuts and others are the different types of nuts present in the market. Many manufacturers offer new product innovations with almonds and all other food introductions with nuts like cashew nuts, peanuts, hazelnuts and walnuts.

Nuts Market Scope and Summary

Metrics

Details

Market CAGR

5.8%

Segments Covered

By Type, By Production, By Form, By Coating, By Distribution Channel, By Application and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Nuts Market Dynamics and Trends

The global nuts market is driven by increasing consumer inclination towards a healthy lifestyle has accelerated higher consumption of healthy food products and food ingredients. The growing application of nuts among different end-users has created a massive opportunity for the nuts market to proliferate in coming tenures.

Consumer inclination towards a healthy lifestyle has accelerated the higher consumption of healthy food products and food ingredients.

The growing trends for vegan food, paleo diets and other healthy eating habits are important factors that positively impact the global nut market's rapid growth. In these diets, nuts play a vital role as they are excellent sources of lots of protein combined with healthy fats and carbohydrates. Thus, growing awareness among the consumer about the health benefits drives the nuts global market in recent times. The young generation's inclination towards organic and natural products creates a broader audience target for the nuts manufacturers in recent times.

The growing application of nuts among different end-users has created a massive opportunity for the nuts market to proliferate in coming tenures.

Nuts are used in various applications across different end-users, such as walnuts being eaten raw or used as an ingredient in snacks. Besides, they are gaining popularity in kitchens also. The current consumption of nuts and seeds has shown many positive impacts on human health, such as reducing coronary heart disease incidence, lowering blood cholesterol, preventing diabetes and gallstones in men and women and some other medical applications.

Apart from this, many key players are nuts in cosmetics as a significant ingredient. The edible nuts can be further processed and converted to many edible products such as nut spreads, gravy & salad dressings, dairy inclusions & toppings, energy bars, confectionery fillings and bars, bakery filling & inclusions, food for infants and children and others.

The growing number of people going for sports contributes to growth in nuts consumption as they are recommended as a part of a healthy diet and lifestyle. Thus, a growing application range of nuts in different end-users is expected to drive nuts in the forecast period.

Triggering life-threatening allergic reactions coupled with notable side effects on human health, such as laxative effects, which could lead to diarrhea and abdominal discomfort, are the potential threats affecting the nuts market's growth in the forecast period.

Although various health-related benefits are associated with nuts in multiple end-users, they can trigger life-threatening allergic reactions in people with a nut allergy. Unlike many other allergies where children seem to grow out of it,’ peanut allergies persist into adulthood. There is no cure for nuts allergy apart from avoiding eating nuts, seeds and food containing them. Thus, this creates an immense impact on the nuts market's growth in recent times and is expected to persist in the future.

Besides, excess consumption of seeds, such as flax seeds, has notable side effects on human health, such as laxative effects, diarrhea, abdominal discomfort, and increasing bowel disease incidences. Besides, excess consumption of edible nuts could also create certain obstructions in the digestive tract, leading to constipation. These factors are likely to impede the growth of the nuts and seeds market globally.

COVID-19 Impact Analysis on Nuts Market

The global nuts have shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the nuts market's business due to disruption in the product's supply chain management.

Nuts Market Segmentation Analysis

The global nuts market is segmented on type, production method, form, distribution channel, coating, application and region.

Increasing demand for nuts from the consumer, large associated health benefits of nuts, and long-lasting nuts products' crunchiness drive the bakery & confectionery market.

In terms of application, the global nuts market is segmented into household, food and beverage (bakery & confectionery, breakfast cereals, flavored drinks, snacks, dairy products, butter & spread, others), cosmetics, healthcare and others. Out of the mentioned applications nuts market has seen unprecedented growth in the bakery & confectionery segment. The segment holds the largest market in 2014, expected to maintain momentum during the forecast period.

Owing to increasing demand from the consumer, manufacturers are launching new energy bars using edible nuts. Extensively associated health benefits of nuts and long-lasting crunchiness of nuts products add value to bakery & confectionery global market in recent times. Apart from this, nuts are known to play a vital role in the healthcare industry. It reduces associated health risks such as high cholesterol levels, metabolic syndrome and high blood pressure. Apart from this, daily eating walnuts improves blood sugar levels and reduces the risk of certain cancers.

Global Nuts Market Geographical Analysis

Rising demand from various end-users, the presence of economically developed countries, and leading producers of plastic are more likely to accelerate the market of color contrite in the Asia-Pacific region.

North America holds the highest market of nuts due to several bakery & Confectionery manufacturing units in the U.S. The region has the largest number of products launch as compared to other regions. Rising demand and nuts in the region create immense opportunities for the product to grow in recent times. The rising application of raw nuts and nutmeals in cooking and blends in savories such as trail mixes has attracted many health-conscious consumers.

For instance, in 2015, the Almond Board of California (ABC) launched an Accelerated Innovation Management (AIM), a strategy to increase the almond industry's efficiency and sustainability. On the other hand, Asia-Pacific is expected to grow at the highest growth rate in the forecast period due to the increased veganism in the region.

Nuts Market Companies and Competitive Landscape

The nuts market is highly fragmented with the presence of local as well as global companies. Some of the key players contributing to the market growth include Bobs’s Red Mill Natural Foods, ROYAL NUT COMPANY, Kanegrade Limited, Archer Daniels Midland Company, Nestlé, Mariani Nut Company, GNC Global Nut Company AG, Farm Breeze International LLC, Diamond Foods, Inc, Helios Ingredients, Wonderful Pistachios & Almonds and among others.

The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the nuts market's growth globally. The key manufacturers are following product launches as the key strategy to build revenue for the company.

  • For instance, in October 2019, it unveiled a bold new look of its Nut-Thin snacks crackers. The new company is rolling out a new image for one of the most popular brands, Nut-Thin, a crispy cracker made with almonds and rice flour that came into the market in 1997

Bob’s Red Mill

Overview: The company started in 1978 in California with a kernel of the truth-a wheat kernel. The company produces natural, gluten-free milled grain and certified organic products. These products are distributed in the US, Canada and some other parts of the world. Bob's red mill has produced over 400 products, primarily whole grains that are the group with quartz millstones and baking mixes, seeds, nuts, spices and others.

Key Development:

  • In January 2019, Bob's Red Mill extended oats from the bowl with the first foray into the snack aisle. The company combines signature whole rolled oats with peanut butter and ingredients such as banana, chocolate and others to create five deliciously chewy, nutritional bars.

Why Purchase the Report?

  • Visualize the nuts market segmentation by type, production method, form, distribution channel, coating, application and highlight key commercial assets and players.
  • Identify commercial opportunities in the nuts market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of nuts market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global nuts market report would provide access to an approx: 85 market data table, 92 figures and 180 pages.

Target Audience 2022

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

 

Frequently Asked Questions

What is the Nuts Market growth?

The market is growing at a CAGR of 5.8%.

What is Nuts Market size in 2021

The Nuts Market size was valued at USD YY million in 2021.

Who are the key players in Nuts Market?

Major players are GNC Global Nut Company AG, Farm Breeze International LLC, Diamond Foods, Inc, Helios Ingredients.

 

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