Global Nuts Market - 2023-2030

Market Overview

Global Nuts Market reached US$ 52.3 billion in 2022 and is expected to reach US$ 72.6 billion by 2030 growing with a CAGR of 4.2% during the forecast period 2023-2030. The growing changes in consumer preferences for convenience items with health and wellness are driving the nuts market growth during the forecast period 2023-2030.

Healthy snacking, convenience, and taste raise consumers' demand for nut and nutmeal ranges. With the increased demand for nuts, the manufacturers are developing new innovative flavored nut products expanding the market growth. For instance, in January 2023, Nature's Garden, a snack food brand, launched its new artisanal nuts innovation.

The rising adoption of the e-commerce sector for the shopping of consumer goods and food products due to the internet penetration rate is the major driving factor for market growth. In addition, continuously changing lifestyles, and an increasing number of working women, rising demand for on-to-go foods have led to significant growth factors for this market.

Market Dynamics

Growing Health Awareness and Multiple Applications of Nuts Drive the Market Growth.

The rising health consciousness of consumers and the rise in disposable income is increasing the demand for high-quality nuts across all regions. The nuts and seeds consumption has various health benefits, including, preventing diabetes, lowering blood cholesterol and gallstones in men and women, and other medical applications. Nuts are increasingly utilized in various applications in various sectors.

Nuts are used in household preparations of various dishes and as an ingredient in the food and beverage industry. Further, numerous key players consider nuts as an essential ingredient in the cosmetics and even healthcare sectors. Adding nut milk, like almond milk, as an alternative to whole dairy milk drives the market. For instance, in May 2022, VKC Nuts, India's leading fully integrated farm-to-fork Nuts & Dried Fruits company, launched a range of pasteurized nuts and dried fruits under its brand Nutraj.

The Modification in the Nut Production Drive the Global Nuts Market Growth.

The several modifications in the nuts production respective to mechanization, and improved planting material to enhance and support quantity and quality drive the nuts market growth. The cropping systems and agroecological management systems are gaining a lot of positive effects in producing high-quality nuts due to these modifications.

The expansion in the extension of the production, commercialization, sectoral organization, and exporting process is expected to expand the nuts market. The increasing modernization and advanced technology adoption ensures the increasing potential of the nuts market. The ongoing research activities for developing advanced mechanical solutions for cleaning and calibrating raw material, peeling and sorting, and shelling are expected to drive the global nut market growth.

The Allergic Reactions Related to Nuts Consumption Restrains Market Growth.

The potential threats affecting the nuts market's growth include life-threatening allergic reactions and notable side effects on human health. The nuts can cause laxative effects, leading to diarrhea and abdominal discomfort. Besides, excess consumption of edible nuts could also obstruct the digestive tract, leading to constipation.

The nuts allergy has no cure apart from avoiding eating nuts, seeds, and food containing them. Also, the high price and unavailability of the nuts hinder market growth. The procurement of nuts causes financial problems for small and medium-sized manufacturers. All these factors have created an immense impact on the nuts market's growth in recent times and are expected to persist in the future.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

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

In the Global Nuts Market, the Food and Beverage Segment Holds the Largest Market Share.

The global nuts market has been segmented by application into household, food and beverage, cosmetics, health care, and others. The food beverage segment held the largest nuts market share of 28.8% in 2022 in the nuts market analysis report. The food and beverage segment is sub-segmented into bakery & confectionery, breakfast cereals, flavored drinks, snacks, dairy products, butter & spread, and others.

Edible nuts as various applications in the food and beverage sector. Various tree nut varieties such as walnuts, cashew, and pistachios are mainly used. Nut spreads, gravy and salad dressings, paste, butter, dairy inclusions and toppings, energy bars, confectionery fillings and bars, bakery fillings, and inclusions are some of the applications of nuts. The various health benefits of nuts and the long-lasting crunchiness of nuts products add value to the bakery & confectionery global market.

Geographical Analysis

The North America Region Held the Largest Nuts Market Share.

The global nuts market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American nuts market held the largest market share of 38.6% in 2022 in the nuts market analysis. Increasing disposable income and rising purchasing power in this region boosts the market growth.

Nuts and nutmeals are widely regarded as nutritional products among American consumers. The rapid changes in the lifestyle of consumers, growing health concerns, disposable income of the people, and rising population, are boosting the market growth. Various product launches are broadening the region's market. For instance, in June 2022, Daily Crunch launched two new flavored almond products, Cinnamon Java Sprouted Nut Medley and Nashville Hot Sprouted Almonds.

Competitive Landscape

The major global players in the market include: Bobs's Red Mill Natural Foods, Royal Nut Company, Kanegrade Limited, Archer Daniels Midland Company, Nestle, Mariani Nut Company, GNC Nut Company AG, Farm Breeze International LLC, Diamond Foods Inc, and Helios Ingredients.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

COVID-19 Impact:

The unprecedented COVID-19 pandemic in 2020 profoundly affected the food support and services industry. COVID-19 has considerably impacted the global food supply chain phases involving nuts production, processing, distribution, and consumption due to lockdowns and restrictions imposed by various governments.

Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.

The COVID-19 pandemic issue has had an impact on the food support and services industry as well. The COVID-19 pandemic is upending life, and the food support and service sector is seeing increased trends like nuts. The food support and services businesses are launching innovative programs, including nuts, that are straightforward to utilize.

Why Purchase the Report?

• To visualize the global nuts market segmentation based on type, production method, form, coating, distribution channel, application, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of nuts market-level with all segments.
• The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The Global Nuts Market report would provide approximately 85 tables, 90 figures and 165 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies