Edible Nuts Market: Global Size, Share, and Forecast Analysis 2032
Edible Nuts Market Overview:
Edible nuts have shot into the spotlight as they are
nutritionally dense and offer consumers protein, fiber, minerals, and several
other trace compounds that contribute to a healthy body. Market Research
Future's report on the global edible nuts market for the forecast period of 2024
to 2032 reveals several key facts and figures about the market. The market's
optimistic outlook is likely to result in expansion of the present market value
of edible nuts.
The Edible
Nuts Market Size was valued at USD 222.49 billion in 2023. The Edible
Nuts market industry is projected to grow from USD 234.94 Billion in 2024 to
USD 344.04 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.88%
during the forecast period (2024 - 2032).
Edible nuts are high in mono-unsaturated fatty acids (MUFA),
which are some of the healthiest fats one can consume. MUFA-rich food is often
recommended to those looking to lose weight as it provides a lasting full
feeling, thus resulting in reduced snacking and an overall reduction in the
intake of calories. Moreover, healthy fats have been highly recommended to
patients with coronary diseases and other diseases. Protein content in nuts is
another factor driving demand, particularly among the health conscious. Global
shift toward mindful eating, and health consciousness due to the dramatic rise
in chronic diseases has increased the demand for edible nuts. Moreover,
veganism has been on the rise and innovation in product offering for this
expanding demographic has resulted in the use of nuts to make dairy
alternatives. Almonds and cashews are commonly used to make nut milks and
yogurt substitutes. Cashew is used for making dairy-free cheese substitutes,
cream substitutes and other dairy alternatives. With the increasing demand for
vegan products, the market is likely to witness further expansion in the coming
years. Nuts have been highly popular in the F&B industry, being used in
cooking, bakery products, confectionery and several other areas. The growth of
this industry due to increasing demand from a rising population with more
purchasing power is also expected to impact the market positively.
Edible nuts are climate dependent, and several challenges in
the production of nuts may restrain the market. Prices are volatile depending
on production. For instance, recent droughts in California led to a significant
increase in the price of almonds.
Key Players:
MRFRs analysis of the global Edible
Nuts Market Companies includes prominent players such as
Mariani Nut Co., Blue Diamond Growers, Arcer Daniels Midland Co., Olam
International, Diamond Foods, Waterford Nut Co., Select Harvests Ltd, KP Nuts,
Acomo, and John B. Sanfilippo & Son, Inc.
Market Segmentations:
MRFR's report analyses the various parts of the market which
contribute to the whole. As such, the global edible nuts market has been
segmented on the basis of type, form, application, and region. Various types of
edible nuts include cashew nuts, almonds, chestnuts, pistachios, hazelnuts,
brazil nuts, and others. Edible nuts are available in various forms which
include whole, powder, split, and others. Applications for edible nuts include
direct consumption/culinary purpose, bakery & confectionery, breakfast
cereals, snacks, beverages, dairy products, and others.
Regional Analysis:
Europe accounts for the largest share of the global edible nuts industry.
Country-level markets such as Netherlands, Germany, France, and the UK are
expected to lead growth over the forecast period. The region’s growing health
consciousness and supportive government regulations regarding the same have
resulted in an increased demand for natural, food products with a low sugar
content. Nutrient-rich natural whole foods are highly popular in the region.
North America accounts for the second largest market due to the wide use of
nuts in countries such as the U.S. Use of various types of oils derived from
nuts and the increasing use of almonds and cashews among other nuts to make nut
butters have greatly contributed to the popularity of edible nuts in the North
American Market. Meanwhile, the Asia Pacific is likely to grow rapidly with the
highest CAGR during the forecast period. The rising demand for healthy food
items is expected to boost growth. Moreover, in countries such as India, there
is a long history of using nuts in making traditional sweets, and beverages.
Nuts are often given as presents during the holidays and have consistent demand
in the Indian market.
Latest Industry News:
• Crookes Brothers South Africa are increasing their
macadamia nut production to meet growing demand. Investments in land are being
made to this effect.
• Doehler has acquired Nutrafood in an effort to increase
its penetration into nut-based food categories which are being highly popular
such as bread spreads, and dairy alternatives.
Related Reports:
Frozen Yogurt Market Research Report - Forecast till
2030: https://www.marketresearchfuture.com/reports/frozen-yogurt-market-2736
Fructose Market: https://www.marketresearchfuture.com/reports/fructose-market-11718
Fruit Beer Market Research Report – Forecast to 2030: https://www.marketresearchfuture.com/reports/fruit-beer-market-6315
Fruit Concentrate Market Research Report - Forecast to
2027: https://www.marketresearchfuture.com/reports/fruit-concentrate-market-2998
Fruit Juices and Nectars Market Research Report -Forecast
till 2030: https://www.marketresearchfuture.com/reports/fruit-juices-nectars-market-4614
Fruit Pectin Market Research Report – Forecast to 2030:
https://www.marketresearchfuture.com/reports/fruit-pectin-market-4993
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market
research company that offers a wide range of services, complete with accurate
and precise analysis about diverse markets, sub-markets and target consumers.
Our approach is a combination of extensive information and multiple data
sources that help provide an exhaustive comprehension about the latest major
developments to the client, in addition to future events and what measures and
decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an
adept research analysts’ team that focuses on gathering useful data and
analytics in terms of economic and technological advances. Our proficient
analysts conduct industrial visits in a bid to achieve reliable and accurate
information from established market participants. One of our foremost
objectives is to keep the client well-versed with all the lucrative
opportunities as well as challenges surrounding various global markets. We
offer step-by-step guidance to our clients, through consulting and strategic
services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Comments
Post a Comment