PUBLISHER: The Business Research Company | PRODUCT CODE: 1499902
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499902
Pistachios, the edible seeds harvested from the pistachio tree, are distinguished by their nutty flavor and greenish-yellow hue. Renowned for their rich taste, they are commonly enjoyed as a snack, whether roasted and salted or consumed raw. Pistachios feature prominently in culinary endeavors, being incorporated into desserts, salads, and savory dishes alike. Valued for their nutritional richness, pistachios boast beneficial fats, protein, fiber, as well as an array of vitamins and minerals.
The primary product categories for pistachios include in-shelled and shelled varieties. In-shelled pistachios retain their hard outer shells and are available in various forms such as whole, powdered, roasted, and split. These nuts are distributed through a range of channels including wholesalers or distributors, modern trade outlets, convenience stores, online platforms, and others. Pistachios find application across diverse sectors including bakery and confectionery, flavored beverages, breakfast cereals, snacks, spreads, dairy products, and more.
The pistachios market research report is one of a series of new reports from The Business Research Company that provides pistachios market statistics, including pistachios industry global market size, regional shares, competitors with a pistachios market share, detailed pistachios market segments, market trends and opportunities, and any further data you may need to thrive in the pistachios industry. This pistachios market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pistachios market size has grown strongly in recent years. It will grow from $4.01 billion in 2023 to $4.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The expansion witnessed during the historical period can be attributed to several factors, including the increasing awareness of the nutritional advantages offered by pistachios, the rise in health and wellness trends among consumers, higher levels of disposable income, the expansion of pistachio cultivation, and the overall growth in disposable income levels.
The pistachios market size is expected to see strong growth in the next few years. It will grow to $5.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing health consciousness among consumers, evolving preferences towards natural and minimally processed foods, heightened awareness of environmental concerns, and a growing demand for vegan-friendly products. Key trends expected during this period encompass innovations in agricultural technology aimed at enhancing pistachio cultivation practices, advancements in processing and packaging technologies to improve product quality and shelf life, the development of value-added pistachio products to meet diverse consumer needs, the adoption of sustainable farming practices to mitigate environmental impact, ongoing research in pistachio genetics and breeding programs to enhance crop yield and resilience, and the implementation of blockchain technology to ensure transparency and traceability in the pistachio supply chain.
The expanding presence of e-commerce is poised to drive the pistachios market's growth in the coming years. E-commerce refers to the online platform enabling the buying and selling of goods and services via the Internet. This growth in e-commerce is fueled by increased internet accessibility and changing consumer preferences towards online shopping. E-commerce platforms offer convenient access to pistachio products, catering to diverse consumer tastes and extending market reach for pistachio vendors. By facilitating direct-to-consumer sales, e-commerce streamlines distribution processes and has the potential to boost profit margins for pistachio producers. For example, data from the United States Census Bureau in February 2024 projected e-commerce sales to reach $1,118.7 billion in 2023, marking a 7.6% increase from 2022. Hence, the expanding presence of e-commerce is a driving force behind the pistachios market's growth.
Leading companies in the pistachio market are concentrating on introducing innovative products, such as flavored pistachios, to enhance their competitiveness. Flavored pistachios involve infusing or coating nuts with various seasonings, spices, or other flavorings to enrich their taste. For instance, in September 2023, Wonderful Pistachios and Almonds LLC, a US-based producer of high-fiber snack nuts, unveiled a new flavor option, Pistachios In-Shell Seasoned Salt, designed to elevate snacking experiences with a blend of savory seasonings like garlic, onion, and paprika. Available in 14-ounce and 40-ounce packaging, Wonderful Pistachios In-Shell Seasoned Salt caters to various occasions, particularly gatherings such as game day watch parties and tailgates. This launch capitalizes on pistachios' inherent nutritional benefits, positioning them as protein-rich and fiber-packed snack alternatives.
In October 2021, Nutkao S.r.l., an Italy-based food company specializing in cocoa and milk spreadable creams, acquired Antichi Sapori dell'Etna to expand its product portfolio and global distribution network. This acquisition integrates Antichi Sapori dell'Etna's pistachio products business into Nutkao's operations. Antichi Sapori dell'Etna is an Italy-based food product manufacturer, renowned for its pistachio products.
Major companies operating in the pistachios market are Nestle S.A., Kraft Heinz Company, Hormel Foods Corporation, J.M. Smucker Company, The Wonderful Company LLC, Nichols Farms, Ready Roast Nut Company, Horizon Nut Co., P-R Farms Inc., Setton Pistachio of Terra Bella Inc., Primex Farms LLC, Braga Organic Farms, American Pistachio Growers, BATES NUT FARM, Keenan Farms, Germack Pistachio Company, Fiddyment Farms, Hellas Farms LLC, Houston Pecan Co, Santa Barbara Pistachio Company, Sierra Nut House Inc., The Pistachio Factory, We Go Nuts Inc
North America was the largest region in the pistachios market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pistachios market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pistachios market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pistachios market consists of sales of blanched, processed, and flavored pistachios. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pistachios Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pistachios market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pistachios? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pistachios market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.