In recent years, consumers have emphasized healthy eating habits to avoid health problems such as food poisoning, high cholesterol, and obesity. The demand for organic food products, whether vegetables, fruits, or nuts, is rising as people become more aware of the presence of toxins in many food products due to the use of pesticides and chemical fertilizers in farming. As pistachios are used in food preparation and eaten as snacks, organic is becoming highly popular globally, projected to aid the market's growth.
According to Data Bridge Market Research, the Global Pistachio Market was valued at USD 3,907.07 million in 2021 and is expected to reach USD 5,282.52 million by 2029, registering a CAGR of 3.7% during the forecast period of 2022-2029
"Unknown Advantages of Pistachio Will Determine the Growth"
The target market is anticipated to benefit due to the rise in health-conscious consumers who understand that pistachios are a guilt-free and nutrient-dense food. The advantages of pistachios include improved digestion, immune system, and nervous system, and reduced risk of diabetes and cardiovascular disease. Increased knowledge of pistachios' health advantages, which help control blood sugar, lower cholesterol, and lower the risk of developing diseases such as cancer, contributes to the market's expansion. Additionally, it is anticipated that the rising popularity of pistachios as a snack and as a flavoring ingredient in bakery goods will support the market's overall expansion. The market is also growing due to the demand for pistachio oil in the food and cosmetics industries. The higher demand for nutritious food and its wide use as a flavoring agent in a bakery product such as biscuits, pastries, and cookies also cushions the market's growth within the forecasted period.
What Restraints the Growth of the Global Pistachio Market?
" Pistachios have a high price and are unclean"
The high cost of pistachios compared to other nuts is expected to obstruct market growth. The contamination of pistachios with harmful substances, such as aflatoxins, is another issue the pistachio market is expected to face over the forecast period.
Segmentation: Global Pistachio Market
The global pistachio market is segmented based on form, product type, distribution channel, and end user./
- The pistachio market is segmented based on form into whole, powdered, roasted, and splits.
- The pistachio market is segmented based on product type into in-shelled and shelled.
- Based on distribution channel, the pistachio market is segmented into wholesaler/distributor, modern trade, convenience stores, online sales, and other sales channels.
- On the basis of end-use, the pistachio market is segmented into bakery and confectionery, flavored drink, breakfast cereals, snacks, butter and spread, dairy products, others.
Regional Insights: Asia-Pacific is Expected to Dominate the Global Pistachio Market
Asia-Pacific dominates the pistachio market because of increasing health awareness and the rising food and services industry.
North America is expected to witness significant growth from 2022 to 2029 due to the growing demand for pistachio as a snack, along with the region's vegan and highly health-conscious consumers.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-pistachio-market
Recent Developments in Global Pistachio Market
- In 2021, A new multimillion-dollar marketing campaign was launched by Wonderful Pistachios, a privately held US$ 732 billion company that sold raw, roasted, salted, and flavor-flavored pistachios.
- In 2021, Wonderful pistachios introduced spring's new flavors. The product line's two newest additions, BBQ and Sea Salt and Vinegar, both have tried-and-true flavors that appeal to snackers daily.
The Prominent Key Players Operating in the Global Pistachio Market Include:
- The Wonderful Company LLC. (U.S.)
- Horizon Growers (U.S.)
- Nichols Farms (U.S.)
- Keenan Farms (U.S.)
- Setton Pistachio of Terra Bella, Inc. (U.S.)
- Whistler Foods (New Zealand)
- Sierra Nut House (U.S.)
- Houston Pecan (U.S.)
- BATES NUT FARM (U.S.)
- SANTA BARBARA PISTACHIO COMPANY (U.S.)
- Specialty Food Association, Inc. (U.S.)
- Germack Pistachio Company, LLC(U.S.)
- Bazzini (U.S.)
- Besana (Italy)
- Lubeca (Denmark)
- Puratos (Belgium)
- Lemke (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global pistachio market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Pistachio Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
