Nuts Market: Global Industry Analysis and Forecast (2024-2030)

The nuts market is estimated to be valued at US$ 60.32 billion in 2023. The nuts industry is expected to grow at a CAGR of 5.5% over the year 2024 to 2030 reaching nearly US$ 87.75 billion by 2030.
Nuts Market Overview
The demand for healthier snack options, growing knowledge of the nutritional advantages of nuts, and a growing inclination for plant-based and vegan diets are all driving the nuts markets. Nuts are being actively promoted by food businesses and marketers through a variety of channels, with a focus on their versatility, ease of use, and health advantages. Further Market has been driven by the expansion in nut-based products, like energy bars, nut butter, and dairy substitutes. There are various varieties, and flavors of nuts, which leads to health benefits for consumers driving the nuts market. The market is filled with a variety of nuts, such as macadamia nuts, hazelnuts, cashews, peanuts, pistachios, and almonds, which is a big sector.

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North America dominates the market as a result of health consciousness tendencies these adjustments have led to agroecological management and cropping systems with impressive outcomes. By offering premium nuts, growers can now commercialize, diversify, and export their products to a global market thanks to recent farming improvements and the incorporation of organic farming. The manufacturing, added value and commercialization sectors have experienced substantial development, which is projected to fuel a steady growth in the market over the forecast period.
Nuts Market Dynamics
Trends in the nuts market

Nut Farming is environmentally safe and sustainable becoming more and more popular. Nut-based product innovation, such as nut butter and milk, is a major trend influencing the market. Marketing tactics emphasizing the health advantages of nuts are having a greater and bigger impact on consumer decisions. The demand for nuts is rising globally as more studies are conducted to show the nutritional advantages of eating nuts. Eating nuts improves general well-being by managing weight and heart health driving the nuts market. As a high-protein, easy-to-eat alternative to regular sticks nuts are becoming more and more in demand as a healthy natural snack option. One of the primary elements driving the popularity of nuts as snacks is customers' growing health consciousness. Nuts are seen to be a healthy substitute for other snack meals because of their high nutritional content. They are an excellent natural source of fiber, proteins, and vital vitamins and minerals. Additionally, nuts are a great source of heart-healthy lipids, particularly monounsaturated and polyunsaturated fats, which play a vital role in boosting the nuts market. Nuts are a naturally portable and prep-free food that makes them the ideal on-the-go snack. This product's convenience of use is well suited to the busy modern lifestyle when people are constantly searching for healthy and quick options in between meals.

Drivers in Nuts market

Growing awareness of nutrition beyond diet and a trend toward healthy living are expected to propel the global market. The growing popularity of convenience foods among consumers is driving up demand for nut products. Additionally, to promote improved health, consumer food preferences are evolving. Almonds, walnuts, macadamia nuts, hazelnuts, and pecans are among the nuts that consumers choose because they are high in omega-3 fatty acids, which are important for keeping healthy joints and bones as well as cognitive function. This has increased the demand for nuts in general. Nuts play a special role in paleo, vegan, flexitarian, and vegetarian diets. Among other bioactive materials, they include unsaturated fats oils, fibers, proteins, vitamins, minerals, antioxidants, and energy sources for a healthy diet. Because it's a nutritious meal alternative, those who work from home find it more enticing than cookies and candy. Antioxidants, which can lower blood sugar levels, lower the risk of heart disease, and lower the risk of diabetes, are abundant in nuts. People who don't eat meat substitute their protein needs with nuts or nut-based goods, which has helped the nut manufacturers to grow. The growing popularity of raw nuts and nut flours in cooking and blended into savory dishes has also drawn some important consumer attraction, and most of them have developed new goods as a strategic move, which has increased demand for the nuts market worldwide. The market for nut goods is expected to develop as a result of rising consumer demand for prepared snack items. Additionally, butter, pastes, fillings, and flour-based products with nut bases are frequently used by bakeries and confectioners. The most common nuts used to make different nut goods are hazelnuts, walnuts, and almonds.

Restraints in the Nuts Market

exotic and unusual nuts due to their inconsistent yields It is more challenging to obtain when it comes to small and medium-sized firms in particular, makers of ingredients that use nuts as a raw material usually do not have an inventory management system in place. Thus, the production of value-added items like butter, pastes, and fillings from nuts becomes costly in the end, and processed food beverage makers pass these high costs on to consumers.

While nuts are generally considered healthy, concerns about allergies, particularly peanut allergies, can limit consumption. Businesses must navigate labeling regulations and ensure their products are safe for consumers with allergies.

Opportunities in the Nuts Market

The fast expansion and bright future of plant-based dairy and meat alternatives present a plethora of options for nut food manufacturers. To make plant-based savory dishes, flour, and nut paste are similarly used. Nuts are a popular option for people who are health-conscious because they are high in protein, good fats, vitamins, and minerals there are chances to promote nuts as nutritious snacks. A concentrated and nutrient-rich food source is produced when fruits are dried, or dehydrated. MMR analysts examine the worldwide dry fruit market, emphasizing the important players in the sector as well as the prospects it presents. A profitable dried fruit business can be started by reading this, the depth explanation of expanding this business is given in the MMR report as it also covers the topic of the demand for dried fruits worldwide.

Challenges in the Nuts market

The challenges with associated nut conveying include material fracture, contamination, and dust emission. Food safety and quality assurance in the market for nuts, upholding strict quality standards, and guaranteeing food safety are crucial. Pathogens like Salmonella or aflatoxins can contaminate nuts, endangering consumer health and harming the reputation of nut growers. Nut supply networks are frequently intricate, including several parties including growers, processors, distributors, and retailers. It might be difficult to effectively manage complex supply networks while upholding quality requirements. It's critical to maintain a constant level of quality during the production and processing phases. It is difficult to maintain quality standards when there are differences in nut size, moisture content, and afflation contamination.
Nuts Market Segment Analysis
Based on End Use, the food service industry segment holds the largest market share in the Global Nuts Market in 2023. According to MMR analysis, the segment is further expected to grow at a CAGR of 5.8% during the forecast period. In the food service industry, nuts are frequently utilized in a variety of meals and menu items. They enhance the taste, texture, and nutritional content of salads, entrées, desserts, and snacks that are provided at eateries, coffee shops, food trucks, and catering services. To guarantee quality and freshness, food service companies purchase nuts from vendors. These businesses place a high value on dependable vendors who can meet their culinary needs with consistent, safe products. Household The demands and preferences of end users, which include dietary choices and consumer behavior, have an impact on the household nut market. These final consumers influence the market for nuts with their tastes, lifestyles, and awareness of nutrition. Their decisions impact new product development, packaging designs, and marketing tactics, highlighting how crucial it is to comprehend and meet the needs of a wide range of household consumers.



Based on Product, the Almonds segment holds the largest market share in the Global Nuts Market in 2023. According to MMR analysis, the segment is further expected to grow at a CAGR of 5.7% during the forecast period. Almonds Products are satisfying with many potential health benefits. The oil that comes from these delicious tree nuts is commonly used as a natural ingredient in skin and hair care, Influencers are promoting almond oil, almond skin care, face wash, and soap almond products are good for your health.

Peanut products made from peanuts include protein, flour, and oil. These products are used in many different meals, including cakes, sweets, candy, snacks, and sauces. Peanuts are high in oil, protein, and other beneficial elements. According to MMR analysis, peanuts can even help with weight loss.

Cashew Products have an estimated yearly production value of over 3.5 million tons in 2023, cashew nuts (with shells) are the most productive tree nut. The region has grown to become one of the leading cashew nut growers, contributing nearly 50% of the global cashew nut export market. Cashew kernels are processed primarily by boiling, drying, chopping, decorating, peeling, classifying, and frying. With 40–57% oil and 21% protein, cashew kernels have a significant nutritional value. This is a significant delicacy that is mostly utilized as a desert nut and in confections, Cashews is one of the tree nuts that are most commonly consumed as a snack globally used as a component in many different dishes. With more than 20% of the global tree nut market, cashew comes in third place.

Walnuts include omega-3 fatty acids, which support healthy cell function throughout the body. They are an essential component of your cell membranes, promoting intercellular communication and serving to give structure. Although omega-3s are vital to every cell in your body, the concentration of these molecules is highest in the cells of your brain and eyes. As a finishing oil and in marinades, salad dressings, and dips, it is frequently used. The process of making walnut butter involves grinding walnuts into a creamy paste, just like other nut butter like peanut or almond butter. It is versatile and can be added to sauce, smoothie, and dessert dishes, or spread on toast.

Hazelnuts In the chocolate industry are the most favored nut. Ninety percent of hazelnuts are consumed as a component in chocolate, cookies, and other confections. The market is being driven by the growing use of hazelnuts in chocolates. Chocolate producers are launching their iconic lines of products that include hazelnuts, which is a taste innovation in the world of confections. The Pistachio plant (Pistachio Vera) yields pistachios as seeds thanks to their high antioxidant and fiber content, pistachios help lower blood sugar and cholesterol, and People with type 2 diabetes are the main consumers of pistachios. Pistachios are rich in minerals such as iron, manganese, phosphorus, vitamin K, B-6, xanthophyll carotenoids, and dietary fibers. Additionally, this pistachio helps to enhance the body's metabolism.

Based on Form, Whole plain Nuts and almonds are rich in antioxidants, protein, and good fats. They are crisp and have a subtle sweetness to them. Walnuts Rich in omega-3 fatty acids, these nuts help maintain heart health. They have a texture that is slightly crunchy and a slightly bitter flavor. Pistachios Rich in fiber, protein, and potassium, these nuts are a great source of nutrients. They are crisp and have a flavor that is slightly sweet and nutty. Cashews Rich in magnesium and excellent fats, these nuts are a great source of nutrients. They have a soft texture and a creamy, slightly sweet flavor. Hazelnuts are Rich in antioxidants and heart-healthy lipids. They are crisp and have a flavourful, slightly sweet taste. Peanuts A type of legume, these nuts are rich in minerals, healthy fats, and protein. They are crisp and have a flavor that is slightly sweet and nutty.

The Roasted nuts market scope responds to factors including growing health consciousness and a preference for healthier snack options by covering a variety of product categories, including raw, roasted, and processed nuts. The section contains nuts that have been roasted to improve their flavor and texture. They come in a variety of flavors, including salty, spicy, and sweet, to suit a wide range of palates.

The salted nuts market is a subsection of the broader snack food sector. Its rise has been consistent throughout time as a result of things like growing customer preference for nutritious snacks, rising demand for convenience meals, and advancements in flavor and packaging. Prominent enterprises operating in the salted nut industry encompass Planters Wonderful Pistachios & Almonds. A variety of nuts, such as peanuts, almonds, cashews, pistachios, and mixed nuts, are included in the category of salted nuts. In addition to salt, these nuts can be seasoned with other flavors and spices to suit the tastes of different customers.

The Powder of nuts combination of these two key developments explains the increase in the use of this nut derivative, whether it be almond, cashew, or pistachio. There's been a rise in the intake of foods high in protein, but there's also been a move away from animal proteins toward alternatives that are more environmentally friendly. This component can be used to create gluten-free, low-fat, protein-rich snacks that have fewer calories than traditional nut flours. The combination of these two key developments explains the increase in the use of this nut derivative, whether it be almond, cashew, or pistachio. There's been a rise in the intake of foods high in protein, but there's also been a move away from animal proteins toward alternatives that are more environmentally friendly.
Nuts Market Regional insights
North America dominated the Global Nuts Market with the highest share of over xx% in 2023. The region is expected to grow at a CAGR of 5.6% during the forecast period and maintain its dominance by 2030. The nut industry in North America is expanding rapidly thanks to factors like pale diets, growing vegan cuisine trends, and other health-conscious eating practices. Because they are rich in protein, good fats, and carbs, nuts are a key component of these diets. Consequently, in recent years, the North American industry has been pushed by rising consumer knowledge of the health benefits of nuts. The burgeoning trend of young people favoring natural and organic products has expanded the target market for nut manufacturers. Canadian nut market appears to have a bright future, with prospects in the food service industry, household/retail, café, catering, and other areas. Growing disposable income and consumer awareness of the need to lead healthy lives are the main factors driving this market. An analysis of potential expansion in several product categories, forms, and applications for the Canadian nut market.



Europe Over time, steady expansion is anticipated in the European data market. Shifts in European consumers' consumption habits will probably be the main driver of this development. This includes a growing interest in sugar substitutes and healthful snacking. The massive influx of immigrants into Europe will also be a driving force in terms of consumption. Many of them eat dates regularly. France, Germany, the UK, Spain, and Italy, present the greatest potential for suppliers from developing nations.

Asia Pacific Nuts Market is primarily driven by rising consumer knowledge of the health advantages of nuts, which are high in fibers, protein, minerals, vitamins, and other antioxidants. They support heart and brain function and are a good source of saturated fats. Customers are frequently aware of the global preferences for vegan food. Due to their benefits for diabetics, almonds have become a very popular nut in recent years.

Middle East & Africa Customers are adopting healthy eating practices by putting nuts in their meals and consuming more fruits and water as a result of growing knowledge of the need to maintain a healthy lifestyle. These seemingly trivial actions can have a big influence on someone's health and well-being. Customers are realizing the benefits of this nutrient-dense food, which is encouraging the rise of African and Middle Eastern nuts as the World Health Organization (WHO) suggests incorporating nuts into an adult's diet for good health.

South American market for tree nuts is radically changing thanks to several factors, such as the region's rich cultural past, shifting consumer tastes, and the dynamics of the global market. A diverse range of nuts, such as cashews, almonds, and Brazil nuts, set this lively market landscape apart. Each type of nut adds something special to the region's culinary and economic fabric. The use of tree nuts is deeply embedded in the culinary legacy of South America. The Amazon rainforest is home to native Brazil nuts, which are vital to the region's cultural identity. These nuts have long been a staple of the region's diets, appearing in both traditional dishes and native recipes.

Nuts Market Competitive Landscape

The global nut market is fiercely competitive because numerous regional and international businesses offer a variety of nut goods and compete to be the market leaders. The Products, Distribution Channels, and Geography segments of the Global Nuts Market are identified. The market is divided into the following product categories: Almonds, Peanuts, cashews, Walnuts, Hazelnuts, Pistachios, and Others. Markets are divided into Online and Offline segments based on Distribution Channels.

1. Borges Agricultural & Industrial Nuts is prepared to become a zero-waste company on July 26, 2023. The business now has its primary production sites accredited with the highest level of dedication to waste management thanks to the certification that the Borges Nuts division received.

2. In 2023 Star Snacks To roast and sell Macon-Bibbs County peanuts, Star Snacks spent more than $18 million building a 200,000-square-foot plant.
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Global Nuts Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 60.32 Bn.


Forecast Period 2024 to 2030 CAGR:
5.5%
Market Size in 2030:
US $ 87.75 Bn.


 Segments Covered:
by End Use
Foodservice industry
Household


by Product
Almonds
Peanuts
Cashew
Walnuts
Hazelnuts
Pistachios


by Form
Whole
o Plain
o Roasted
o Salted
Powder



Nuts 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)
Key players in the Nuts market
1. Borges Agricultural & Industrial Nuts.
2. Diamond Foods, Inc.
3. John B. Sanfilippo & Son.
4. Ludlow Nut Co Ltd.
5. Hines Nut Company.
6. Mariani Nut Company.
7. Germack Pistachio Company.
8. Hampton Farms, Inc.
9. Star Snacks Co. LLC.
10. Grower Direct Nut Co. Ltd.
11. Wildly Organic.
12. TIERRA FARM
13. Big Tree Organic Farms
14. Food to Live.
15. Truefarm Foods
16. Forest Whole Foods Ltd
17. prana organic
18. Wholefood Earth
19. South Valley Farms
20. Blue Diamond Growers

FAQ’s
1. What are the drivers for the Nuts market?
Ans. Driven by a rising understanding of nutrition beyond diet and a trend toward a healthy lifestyle.

2. What is the forecast period of the nuts market?
Ans. The forecast period of the market is 2024 to 2030.

3. Which region is expected to lead the global Nuts market during the forecast period?
Ans. North America is expected to lead the global Nuts market during the forecast period.

4. What is the projected market size & and growth rate of the Nuts Market?
Ans. The nuts market is estimated to be valued at US$ 60.32 billion in 2023. The nuts industry is expected to grow at a CAGR of 5.5% over the year 2024 to 2030 reaching nearly US$ 87.75 billion by 2030.

5. What segments are covered in the Nuts Market report?
Ans. The segments covered in the nuts market report are End-use, product and Form.