Saudi Arabia Nuts Market, By Type (Almond, Cashew Nut, Walnut, Hazelnut, Pistachio, Brazil Nut, Pecan, Macadamias), Nature (Organic, Conventional), Coating Type (Coated and Uncoated), Form (Whole, Diced/Cut, Granular), Category (Unroasted, Roasted), Distribution Channel (Store Based Retailers and Non-Store Retailers) - Industry Trends and Forecast to 2030.
Saudi Arabia Nuts Market Analysis and Insights
The nuts market is mainly driven by growing awareness of health benefits of nuts as they are rich source of fiber, protein, minerals & vitamins and several other antioxidants. They are good source of saturated fats and helps in maintaining a healthy heart and brain. Consumers are often aware about the preferences of vegan snacks worldwide.
Nuts and seeds are high source of proteins, carbohydrates, fats and vitamins. Growing health consciousness among consumers has benefitted the expansion of the nuts market. Increasing acceptance of healthy organic snacks is the factor owing for the demand of the nuts in the market. Use of nuts as a part of improving healthy lifestyles has driven the growth for the nuts market globally. The factors owing for the growth of the nuts market are availability in its pure form in required pack sizes, increased consumption of nuts for enhancing the immunity and rising awareness of involvement of nuts snacks in the diet. However, obesity issues related to nuts and consumer allergic to nuts may expect to hamper the nuts market growth.
Data Bridge Market Research analyses that the Saudi Arabia nuts market will grow at a CAGR of 5.7% during the forecast period of 2023 to 2030.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Type (Almond, Cashew Nut, Walnut, Hazelnut, Pistachio, Brazil Nut, Pecan, Macadamias), Nature (Organic, Conventional), Coating Type (Coated and Uncoated), Form (Whole, Diced/Cut, Granular), Category (Unroasted, Roasted), Distribution Channel (Store Based Retailers and Non-Store Retailers)
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Countries Covered
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Saudi Arabia
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Market Players Covered
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Wonderful Pistachio& Almonds LLC., Baja, Kings Madina Dates, Vinnienuts, Andalucia Nuts, ROMA GROUP, AL JAMEEL INTERNATIONAL, AL RIFAI, MEHBAJ, Tatco, Lool Jooz SA among others.
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Market Definition
A nut is a fruit composed of inedible hard shell and a seed which is edible. They are good source of good fats, fiber and other rich beneficial nutrients. Each type of nut offers other benefits. Nuts are among the best source of plant based proteins. A diet rich in nuts help to prevent risk factors such as inflammation or some chronic diseases. In many ways, eating nuts on a regular basis will improve health, such as lowering the risk of diabetes and heart disease as well as decreasing the amount of cholesterol and triglycerides. Despite its high calorie content, this nutritious high fiber treatment may also help weight loss.
Although, the nuts are fairly high in calories, for instance, 1 ounce of peanuts contains 160g calories. Consuming nuts is associated with lower body weight and reduced risk for obesity. The protein, fiber and healthy fats in nuts can help increase body nutrients with reduced diseases. These benefits can be attributed to fiber and healthy unsaturated fats. Nuts are rich in healthy unsaturated fats such as fiber, vitamin E, folate, phosphorus, magnesium and rich source of vitamin B required for a healthy human diet.
Saudi Arabia Nuts Market Dynamics
Drivers
- Increasing Consumer Preference For Healthy Nuts In Country
Nuts are healthy snacks to consume in their raw or roasted form. The easy-to-use nature, multiple applications in culinary dishes, and high nutritional value of nuts provide them more demand. These nuts are considered comfort food by consumers as they have nutritional benefits. Nuts contain monosaturated fatty acids, omega-3 fatty acids, and trace metals, such as selenium, calcium, iron, and phosphorus. These ingredients help maintain the health and well-being of consumers. Nuts are widely consumed in Saudi Arabia owing to their multiple health benefits.
For instance,
- According to the published article by Researchgate, in a household survey conducted, the mean daily consumption of nuts in average adults was 0.4 g/day in Saudi Arabia
Moreover, owing to its demand and consumption, the imports of nuts in the country are also rising. Saudi Arabia is a major importer of nuts such as almonds, cashews, and pistachios, among others worldwide. The nuts are widely consumed and imported into Saudi Arabia.
Thus, nuts' nutritional benefits enable consumers to prefer nuts and consume them in their regular diets. This change in consumer preference for nuts in Saudi Arabia is expected to drive the growth of the nuts market.
- Increasing Demand For Nuts As A Meat Alternative
Vegetarian food is more suitable owing to its health benefits. Consumers are more concerned regarding food content such as low cholesterol and calories. Thus, the demand for vegetarian food has increased. Vegetarian food contains dietary fiber essential for lowering the risk of obesity and heart-related disorders.
The growing trend of veganism and vegetarian diets is prevailing in Saudi Arabia. Consumers prefer meat alternatives with high nutritional content. Research has shown that consumers opting for vegan products have better health than meat eaters.
Hence, consumers have shifted towards veganism in Saudi Arabia owing to a better and healthy lifestyle, which is expected to drive the growth of the Saudi nuts market. Consumers prefer nuts as a meat substitute in their diets, which is expected to boost the market growth.
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 and 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 indulging in developing new and innovative nut products and expanding consumer portfolios.
For instance,
- A unique product with dates stuffed with fresh almonds covered with white chocolate is available in Saudi Arabia for consumers. The dates are packed in airtight containers and are available for consumers in retail stores and on online websites
- Dates stuffed with high-quality almonds and dark chocolate coating are also available in the Saudi Arabia market for consumers to provide them high nutrition and rich and delicious flavours
- Lime-flavored almonds are manufactured and delivered by manufacturers to provide a unique and fresh flavour to its consumers along with the goodness of nuts
Hence, the innovative and unique products with nuts in the Saudi Arabia market are expected to provide immense opportunities for the consumption of nuts in the country. The variety of product launches will enable consumers to prefer healthy snacking options and may serve as a major opportunity in Saudi Arabia nuts market.
Restraints/ Challenges
- Increasing obesity due to higher lipid contents in nuts
Consumption of nuts more than three or five times in a single day can provide 875 calories. Consuming this many nuts daily will result in an excessive intake of calories and weight gain. Although nuts are a rich source of fatty acids that are better for the consumer's heart in moderation, their saturated fat content and excessive consumption boost harmful low-density lipoprotein levels.
For instance,
- According to MyFitnessPal, Inc., ¼ cup of nuts has approximately 170 calories. To burn these many calories, a person needs extensive workouts such as cycling, walking, or other physical exercises
In addition, some are concerned that nuts' high-fat, high-energy content may lead to weight gain. However, nuts are a good source of protein and dietary fiber, which are thought to improve satiety. Therefore, it is critical to ascertain the relationship between nut consumption, long-term weight change, and disease risk. Numerous cross-sectional studies have revealed a negative correlation between increased nut consumption and decreased body weight. Furthermore, increasing nut consumption was linked to slower weight growth over quite lengthy periods, according to many independent prospective studies concluded in the National Center for Biotechnology Information (NCBI) research publication.
Moreover, in today's world, the chances of getting obese are higher than at other times. In Saudi Arabia, there are numerous cases in which people have been considered obese. Thus this increasing trend of obesity can make people aware of their health and lifestyle-associated concerns.
The lifestyle of developed countries such as Saudi Arabia has transformed due to lockdown, isolation, quarantine, and work-from-home policies. As a result, the prevalence of the obesity problem has increased, and many health-conscious individuals are steering clear of snacks with a high-fat content, which may impact the demand for nuts. Because of their greater fatty contents, nuts are linked to obesity disorders, which could impede the expansion of the Saudi Arabia nuts market. Thus, these increasing trends of obesity and future planning concerning the mass health of Saudi Arabia can restrain the Saudi Arabia nuts market in the forecast period, as overconsumption of nuts can lead to obesity.
Post COVID-19 Impact on Saudi Arabia Nuts Market
Post the pandemic, the demand for nuts and nuts products has increased as there won't be any more restrictions on movement, so the supply of products would be easy. In addition, companies developed their processing units to manufacture nuts based products, the demand for nuts in household, supermarkets has also increased which may propel the market's growth.
The increased demand for nuts enables manufacturers to produce more new products, which ultimately increases the demand for nuts and has helped the market grow.
Moreover, the high demand for nuts will drive the market's growth. Furthermore, the demand for nuts as healthy snack alternative after the COVID-19 pandemic has increased as there is rising awareness about the health benefits and high demand resulted in market growth. Additionally, consumers' interest in nuts and research development is expected to fuel the growth of the Saudi Arabia nuts market.
Saudi Arabia Market Scope
Saudi Arabia nuts market is categorized based on based on type, nature, coating type, form, category and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Almond
- Cashew nut
- Walnut
- Hazelnut
- Pistachio
- Brazil nut
- Pecan
- Macadamias
Based on type, the market is segmented into almond, cashew nut, walnut, hazelnut, pistachio, brazil nut, pecan, and macadamias.
Nature
- Organic
- Conventional
Based on nature, the market is segmented into organic and conventional.
Coating Type
- Coated
- Uncoated
Based on coating type, the market is segmented into coated and uncoated.
Form
- Whole
- Diced/cut
- Granular
Based on form, the market is segmented into whole, diced/cut, and granular.
Category
- Unroasted
- Roasted
Based on category, the market is segmented into roasted and unroasted.
Distribution Channel
- Store based retailers
- Non-store retailers
Based on distribution channel, the market is segmented into store-based retailers and non-store retailers.
Competitive Landscape and Saudi Arabia Nuts Market Share Analysis
Saudi Arabia nuts market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the Saudi Arabia nuts market.
Some of the major players operating in the market are Wonderful Pistachio& Almonds LLC., Baja, Kings Madina Dates, Vinnienuts, Andalucia Nuts, ROMA GROUP, AL JAMEEL INTERNATIONAL, AL RIFAI, MEHBAJ, Tatco, and Lool Jooz SA among others.
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