North America Nuts Market – Industry Trends and Forecast to 2030

North America Nuts Market Analysis and Size

Consumers are adopting healthy eating habits by including healthy foods such as nuts, drinking more water, and including fruits in their diet as awareness and the need to maintain a healthy lifestyle. These small habits can significantly impact an individual's health and wellness. As the World Health Organization (WHO) recommends including nuts as part of a healthy diet for adults, consumers are recognising the importance of this functional food for health, driving the growth of North America nuts.

Data Bridge Market Research analyses that the nuts market was valued at USD 30,129.76 million in 2022 and is expected to reach the value of USD 48,920.93 million by 2030, at a CAGR of 7.2% during the forecast period of 2023 to 2030. Almonds is expected to dominate the market due to rising high protein and healthy diets among the consumers. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

North America Nuts Market Scope and Segmentation

Market Definition

A nut is made up of two parts: a non-edible hard shell and an edible seed. Nuts are oily kernels found within the fruit's shell that are used in a variety of food products around the world. Nuts and seeds are high in healthy fats, protein, fibre, minerals, and vitamins. They also control bodyweight because their fats are not completely absorbed in body; they also control food intake and energy expenditure.               

Nuts Market Dynamics

Drivers

• Rising Adoption of Consuming Healthy Food and Paleo Diets

Growing vegan food trends, paleo diets, and other healthy eating habits influence the North America nut market's rapid growth. Nuts play an important role in these diets because they are high in protein and healthy fats and carbohydrates. As a result, growing consumer awareness about the health benefits of nuts has driven the North America market in recent years. In recent times, the young generation's preference for organic and natural products has resulted in a larger audience target for nut manufacturers

• Rising Demand from the Various End-User Industries

Nuts are used in a variety of applications by various end-users, and they are also gaining popularity in kitchens. The consumption of nuts and seeds has many positive effects on human health, such as lowering blood cholesterol, preventing diabetes and gallstones in men and women, and other medical applications. Aside from that, many key players see cosmetics as an important ingredient. Many edible products can be made from edible nuts, including nut spreads, gravy and salad dressings, dairy inclusions and toppings, energy bars, confectionery fillings and bars, bakery fillings and inclusions, food for infants and children, and others

Opportunity

• Innovative Product Launches with Nuts

Nuts are high in protein, good fats, fiber, vitamins, and minerals. As their fats are not completely absorbed, nuts help to regulate body weight, regulate food intake, and burn energy. Owing to the multiple benefits of nuts they are highly consumed and preferred by consumers in the country. Moreover, different food manufacturers are indulged in developing new and innovative nut products and expanded portfolios for consumers

Restraints/Challenges

• Health Issues Caused Due to Aflatoxins Present in Nuts

Nuts are consumed in their raw forms also, with no coating over them. The unprocessed nuts may contain aflatoxins present in them which may result in the foodborne illness among the consumers. Aflatoxins are carcinogenic in nature and may cause chronic diseases among the consumers

Thus, the aflatoxins present in nuts may possess a serious threat in terms of chronic illness among the individual. This health issue caused due to aflatoxins present in nuts may challenge the growth of Saudi Arabia nuts market

Recent Developments

• In February 2020, Seeberger added to its existing organic nut snack line roasted almond, Brazil nut, walnut, and unsalted roasted cashew to its BIO product line
• In October 2020, Takis introduced three new Takis Hot Nuts flavours: Fuego, Flare, and Smokin' Lime. Takis' distinctive spicy intensity is added to each peanut-filled bite by using double crunch technology, giving customers new snacking options
• In June 2020, Planters Pop & Pour nuts were introduced by Kraft-Heinz, allowing snackers to pop open, pour, consume, and repeat. The company intended to create a snack store that would accommodate consumers' hectic lifestyles

North America Nuts Market Scope

The nuts market is segmented on the basis of category, type, coating type, form, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Category

• Conventional
• Organic

Type

• Almonds
• Brazil Nuts
• Cashews
• Chestnuts
• Hazelnuts
• Hickory Nuts
• Macadamia Nuts
• Pecans
• Pine Nuts
• Pistachios
• Walnuts
• Peanuts
• Others

Coating Type

• Coated
• Uncoated

Form

• Whole
• Diced/Cut
• Roasted
• Granular

End-Users

• Household/Retail
• Food Service Sector
• Café
• Catering
• Others

Distribution Channel

• Store Based Retailers
• Non Store Retailers

North America Nuts Market Regional Analysis/Insights

The nuts market is analysed and market size insights and trends are provided by category, type, coating type, form, end user and distribution channel as referenced above.

The countries covered in the nuts market report are U.S., Canada and Mexico

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.  

Competitive Landscape and Nuts Market Share Analysis

The nuts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to nuts market.

Some of the major players operating in the nuts market are:

• Cargill Incorporated (U.S.)
• ADM (U.S.)
• Dupont (U.S.)
• Evonik (Germany)
• BASF SE(Germany)
• DSM (Netherlands)
• Ajinomoto Co., Inc. (Japan)
• Novozymes (Denmark)
• Chr. Hansen Holding A/S (Denmark)
• TEGASA (Spain)
• Nutreco (Netherlands)
• Kemin Industries Inc. (U.S.)
• Adisseo (France)
• Alltech (U.S.)
• Palital Feed Additives B.V. (Netherlands)
• North America Nutrition International (France)
• Centafarm SRL (Italy)
• Bentoli (U.S.)
• NUQO Feed Additives (France)
• Novus International (U.S.)

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