Global Nuts Market By Category (Conventional, Organic), Type (Almonds, Brazil Nuts, Cashews, Chestnuts, Hazelnuts, Hickory Nuts, Macadamia Nuts, Pecans, Pine Nuts, Pistachios, Walnuts, Peanuts and Others), Coating Type (Coated, Uncoated), Form (Whole, Diced/Cut, Roasted, Granular), End User (Household/Retail, Food Service Sector, Café, Catering, Others), Distribution Channel (Store Based Retailers, Non-Store Retailers) – Industry Trends and Forecast to 2029
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 the global nuts.
Data Bridge Market Research analyses that the nuts market was valued at USD 28179.26 million in 2021 and is expected to reach the value of USD 47697.94 million by 2029, at a CAGR of 6.8% during the forecast period of 2022-2029.
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.
Report scope and market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Category (Conventional, Organic), Type (Almonds, Brazil Nuts, Cashews, Chestnuts, Hazelnuts, Hickory Nuts, Macadamia Nuts, Pecans, Pine Nuts, Pistachios, Walnuts, Peanuts and Others), Coating Type (Coated, Uncoated), Form (Whole, Diced/Cut, Roasted, Granular), End User (Household/Retail, Food Service Sector, Café, Catering, Others), Distribution Channel (Store Based Retailers, Non-Store Retailers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cargill Incorporated (US), ADM (US), Dupont (US), 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. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V. (Netherlands), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France), and Novus International (US)
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Opportunities
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Nuts Market Dynamics
Drivers
- Rising adoption of consuming healthy food and paleo diets
Growing vegan food trends, paleo diets, and other healthy eating habits are important factors influencing the global nut market's rapid growth. Nuts play an important role in these diets because they are high in protein, healthy fats, and carbohydrates. As a result, growing consumer awareness about the health benefits of nuts has driven the global 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
Rise in favourable rules and regulatory scenario is the major driver escalating market growth; also, increase in population, increase in disposable income and rise in demand for plant by products are the major factors driving the nuts market growth, among others. Furthermore, an increase in market research and development activities, as well as technological advancements and modernization in production techniques, will create new opportunities for nuts market manufacturers during the forecast period.
Restraints
However, unavailability of sufficient raw materials and price volatility in plant extracts are the major factors acting as restraints, and will further challenge the growth of nuts market in the forecast period. Potential threats affecting the nuts market's growth in the forecast period include life-threatening allergic reactions and notable side effects on human health, such as laxative effects, which could lead to diarrhoea and abdominal discomfort.
This nuts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nuts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Nuts Market
Agriculture and food production have been identified as critical sectors during the COVID-19 situation. Due to the COVID-19 pandemic, several manufacturing plants were closed for months, causing a slight decline in global nuts. Several countries have also restricted production during the covid-19 pandemic. The major lockdown caused by the COVID-19 outbreak has resulted in a sudden drop in consumers' interest in purchasing any goods, as well as a halt in transportation sectors, which has severely hampered the business of the nuts market due to disruption in the product's supply chain management.
Recent Development
- In 2020, Seeberger added to its existing organic nut snack line roasted almond, Brazil nut, walnut, and unsalted roasted cashew to its BIO product line.
- Takis introduced three new Takis Hot Nuts flavours in 2020: 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.
- Planters Pop & Pour nuts were introduced by Kraft-Heinz in 2020, allowing snackers to pop open, pour, consume, and repeat. The company intended to create a snack store that would accommodate consumers' hectic lifestyles.
Global 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
Nuts Market Regional Analysis/Insights
The nuts market is analysed and market size insights and trends are provided by country, 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 in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Rising demand from various end-users, the presence of economically developed countries, and the presence of a leading plastic producer are all likely to accelerate the colour contrite market in the Asia-Pacific region. Due to the numerous bakery and confectionery manufacturing units in the United States, North America has the largest market for nuts. When compared to other regions, the region has the most product launches. In recent times, rising demand and nuts in the region have created enormous opportunities for the product to grow. Many health-conscious consumers have been drawn to the growing use of raw nuts and nutmeals in cooking and as blends in savoury foods such as trail mix.
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 like down-stream and upstream 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 global 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, global 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 companies' focus related to nuts market.
Some of the major players operating in the nuts market are:
- Cargill Incorporated (US)
- ADM (US)
- Dupont (US)
- 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. (US)
- Adisseo (France)
- Alltech (US)
- Palital Feed Additives B.V. (Netherlands)
- Global Nutrition International (France)
- Centafarm SRL (Italy)
- Bentoli (US)
- NUQO Feed Additives (France)
- Novus International (US)
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