Nut Products Market – Global Industry Analysis and Forecast (2024-2030) by Category, Type, End-User, Application and Region

Nut Products Market size was valued at US$ 1.76 Billion in 2023 and the total revenue is expected to grow at 5.8% through 2024 to 2030, reaching nearly US$ 2.62 Billion.
Nut Products Market Overview:
Nuts are often collected by shaking trees, the fruits are then washed and dried. Some nuts are marketed as such, and some undergo bleaching of the shell to improve the external look. Other nuts are taken out from the shell by manual cracking. New technologies are adopted for the drying and processing of nut products. Sun-drying shall be carried out in case natural production requires.

Nuts provide nutritional benefits to the diet as well as contribute to good taste.It are also provided mono and polyunsaturated fatty acids, dietary fiber, vitamin E, potassium, Vitamin B-6, magnesium, and iron. Nuts can help to reduce the risk of heart disease.To know about the Research Methodology :- Request Free Sample Report
Nut Products Market Dynamics:
The market is driven by increasing consumer demand for nutrient-rich nut products and the robust increase in the launch of food & beverage products using natural nut ingredients, such as almonds, walnuts, cashews, and hazelnuts etc. The addition of premium nuts in bakery products, confectionery, beverages, and other processed foods have provided consumers with various options for snacks that are healthy and tasty at the same time. This trend is expected to grow strongly throughout the forecast period.

In recent years, consumers have become more health-conscious. Nuts reduce the risk of diabetes, regulate levels of blood sugar, and reduce heart disease risks as it possesses a high proportion of antioxidants. Which is the reason to boost the Nut products market.

The chocolate industry, the snack industry, ice creams industries and bakeries are the largest user of many edible nuts, also playing on their health benefits. The increase in the use of edible nuts is due to new information about health attributes, availability of new types of nuts, new processing technologies and flavoring possibilities are the major factor fostering the growth of the Nut Products Market.

The increased consumption can lead to fraud opportunities. Additionally, since the chemical composition of nuts depends on species and geographic origin, fraudulent labeling can effectively recognize but recognition of provenance is more difficult. Which is a restraint for the Nut Products Market.

Climate change is expected to have highly negative and unpredictable effects on Nut Products. The production areas, often in tropical countries, will be heavily affected by changes in growing seasons, temperature and rainfall may hamper the growth of the Nut Products Market.
Nut Products Market Segment Analysis:
By category, the organic segment dominates the nuts Products market because the nuts are available in pure forms.

By Type, the Almond segment is projected to account for the largest share in the market. Almond is expected to grow at a CAGR of 7% during the forecast period. The demand for almonds in cosmetic and pharmaceutical industries is increased for cosmetics, personal care products (e.g. skin creams) and pharmaceutical products. In Asia–the Pacific and the Middle East region almond is continued to be a preferred snack option. Bakeries are also used almonds for the Production of cookies, biscuits and other bakery products are the main drivers of increasing demand for almonds in the Nut Products Market.

The walnut segment is expected to grow at a blistering pace. Walnut is expected to grow at a CAGR of 5.15 % during the forecast period rising demand for the Consumption of nutritious food products and food ingredients by consumers for a healthy lifestyle is expected to fuel the growth of the walnut segment.

By Application, the Bakery segment is expected to grow at a rate of 6.5% CAGR during the forecast period. The bakeries are uses dried fruits and nuts as ingredients in the production of biscuits, cookies, muffins, brownies, or used as a topping to create a premium look for bakery products is the reason for growth of the nut product market shortly.

The confectionaries industry is one of the largest industrial users of nuts (especially pistachios and almonds). A notable trend is a progressive shift to high-tech drying and processing technologies, with the objective of improving food safety and quality of product to health-conscious consumers is estimated to boost the growth of the nut product market during the forecast period.
Nut Products Market Regional Insights:
In the North American region, Nut Products Market is expected to grow at a CAGR of 6.3% during the forecast period due to demand for nut meals and the high disposable income of the consumers in the region. Nuts, such as almonds and Cashews have gained an excellent reputation for being a healthy snacking alternative with diabetic-friendly attributes in this region.

Europe region dominates the nut products market grow at a CAGR of 11% during the forecast period. The rapid growth of the middle-class population, rapid urbanization and increase in the number of working women has encouraged the demand for nut-based food & beverage products in these regions

Asia-Pacific region gains and score the highest CAGR of 6.3% during the forecast period owing to the growth and expansion of the food and beverages industry, bakeries and Confectioneries due to rising urbanization.

The objective of the report is to present a comprehensive analysis of the Nut Products Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Nut Products Market dynamics, structure by analyzing the market segments and projecting the  Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Nut Products Market make the report investor’s guide.
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Nut Products Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.76 Bn.


Forecast Period 2024 to 2030 CAGR:
5.8%
Market Size in 2030:
US $ 2.62 Bn.


 Segments Covered:
by Category
Organic
Conventional


by Type
Almonds
Hazelnuts
Walnuts
Cashews
Others (artificial nuts, beechnuts, chestnuts, and chinquapin nuts)


by Application
Bakery products
Snacks & Bars
Confectioneries
Desserts
Cereals
Beverages
Others



Nut Products Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Nut Products Key Players
1. Olam International
2. Barry Callebaut
3. Blue Diamond Growers
4. Kerry Group
5. Zentis GmbH & Co. KG
6. Mount Franklin Foods
7. Mandelin, Inc
8. Bazzini
9. Besana
10. Lubeca
11. Puratos
12. Lemke
13. Almendras Llopis S.A.U.
14. Kanegrade
15. Moll Marzipan GmBH
16. Kondima
17. CSM
18. Treehouse Almonds
19. Royal Nut Company
20. Stelliferi & Itavex S.p.A

FAQs:

1. What are the drivers of the Nut Products Market?
Ans. The addition of premium nuts in bakery products, confectionery, beverages, and other processed foods have provided consumers with various options for snacks that are healthy and tasty at the same time. This trend is a driving factor for the growth of the Nut Products Market.

2. What is the restraint in Nut Products Market during the forecast period?
Ans. The increased consumption can lead to fraud opportunities. Additionally, since the chemical composition of nuts depends on species and geographic origin, fraudulent labelling can effectively recognize but recognition of provenance is more difficult. Which is a restraint for the Nut Products Market.

3. What is the projected market size & growth rate of the Nut Products Market?
Ans. Nut Products Market size was valued at US$ 1.76 Billion in 2023 and the total revenue is expected to grow at 5.8% through 2024 to 2030, reaching nearly US$ 2.62 Billion.

4. What segments are covered in the Nut Products Market report?
Ans. The segments covered are category, Type, Application and Region.