PUBLISHER: Allied Market Research | PRODUCT CODE: 1193111
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193111
The global macadamia market size was valued at $1,106.6 million in 2021, and is estimated to reach $2,851.8 million by 2031, registering a CAGR of 10.3% from 2022 to 2031. Macadamia is a tree nut just like cashew, almond, and hazelnuts. It is mainly produced in Australia, U.S., China, South Africa, and Kenya. Macadamia is a rich source of nutrients that makes is popular among the consumers for direct consumption. It is also used in making cosmetics and pharmaceuticals. The rise in demand for the plant-based protein, increase in demand for healthy and nutritional snacking, rise in adoption of macadamia oil in cooking due to its monosaturated fats, surge in vegan population, rise in consumer preferences to replace animal protein with plant protein, and increase in awareness regarding the health benefits of macadamia are several prominent factors expected to drive the growth of the global macadamia market during the forecast period.
Furthermore, surge in popularity of organic macadamia among the consumers in North America and Europe is offering lucrative growth opportunities to the macadamia manufacturers. The rise in health consciousness and increase in awareness regarding the benefits of organic macadamia on human health and environmental health are expected to propel the market growth in the foreseeable future.
However, the high prices and lack of consumer awareness regarding macadamia may act as major restraints for the market growth during the forecast period. Furthermore, the huge availability and increased awareness regarding the other tree nuts such as cashew, hazelnuts, walnuts, and almonds may hamper the growth of the macadamia market during the forecast period.
According to the macadamia market analysis, the market is segregated based on form, end use, nature, distribution channel, and region. By form, the market is divided into processed, raw, and oil. By end use, the market is classified into food & beverage, personal care & cosmetic, residential, and pharmaceuticals. The food & beverage segment is further divided into snacks, bakery & confectionery, beverages, desserts, and others. By nature, the market is segregated into organic and conventional. By distribution channel, it is divided into B2B and B2C. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global macadamia market includes Buderim Ginger, Dr. Paul's Kona Coffee Company, Eastern Produce, Golden macadamias, Hamakua Macadamia Nuts Company, Hawaiian Host Group, Makua Coffee Company, Marquis Group, MWT Foods, Nambucca Macnuts Pty Ltd., North Shore Macadamia Nut, Royal Macadamia (Pty) Ltd., Superior Nut Company, T.M. Ward Coffee Company, and Wondaree Macadamias Nuts.
Key Benefits For Stakeholders
By Form
By End Use
By Nature
By Distribution Channel
By Region