According to Journal of American Medical Association march 2017, researchers found that people who eat or prefers nuts to consume as healthy snacks on daily basis are proven healthier than those who do not prefer nuts to consume. Co-author Dr. Frank Hu, professor of nutrition and epidemiology at the Harvard T.H. Chan School of Public Health, stated that the occurrence of type 2 diabetics and cardiovascular diseases was found less in people who prefers healthy nuts snacks.  

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Global Nuts Market is expected to reach USD 28,179,837.26 thousands by 2027 from USD 17,351,702.55 thousands in 2019 growing with the substantial CAGR of 6.3% in the forecast period of 2020 to 2027. In addition to population growth, increased disposable income, and increased demand for plant by-products, among other things, the rise in favourable regulations and regulatory conditions is the main factor amplifying market expansion. Additionally, throughout the projected period, a rise in market research and development efforts along with technological developments and modernization of production procedures will open up new prospects for manufacturers of nuts.           

Growing demand for plant-based snacks across the world will drive the market's growth rate

Consumer prefers ready-to-eat snacks that is healthy snacks which are time saving, as they are easy to prepare. Nuts are known as healthy snacks to consume in their raw or roasted form. These nuts are available in flavored form in various packaging size. Further pandemic has impacted the demand for nuts healthy snacks in better terms as consumers are more prone to consuming nuts as healthy snacks to maintain well-being. Thus, increasing consumer preference for healthy nuts snacks is known as driver for global nuts market.  

Report Scope and Market Segmentation

Segment Analysis:

Global nuts market is segmented into six notable segments which are based on category, type, coating type, form, end user and distribution channel.

• On the basis of category, global nuts market is segmented into organic and conventional. In 2020, organic segment has dominated the nuts market with the market share of 34.55% because of availability of cheaper price products as compared to organic nuts.
• On the basis of type, global nuts market is segmented into almonds, brazil nuts, cashews, chestnuts, hazelnuts, hickory nuts, macadamia nuts, pecans, pine nuts, pistachios, walnuts, peanuts and others. In 2020, almonds segment is expected to dominate the nuts market with the market share of 21.51% due to its ability for being the essential ingredient.  
• On the basis of coating type, global nuts market is segmented into coated and uncoated. In 2020, coated segment is expected to dominate the nuts market with the market share of 62.70% due to the increasing demand of flavoured nuts among consumers. This segment is also expected to grow at the highest CAGR over the forecast period due to the rising taste of crunchiness and textures among snacks. 
• On the basis of form, global nuts market is segmented into whole, diced/cut, roasted and granular. In 2020, whole size is expected to dominate the nuts market with the market share of 63.68% as the requirement of energy sources drive the growth of the nuts market.
• On the basis of end user, global nuts market is segmented into household/retail, food service sector, café, catering and others. In 2020, household/retail segment is expected to dominate the nuts market with the market share of 66.34% owing to the factor such as increased consumption from retail stores in different pack sizes and rising usage of nuts in bakery and confectionary items.  

The café segment will dominate the end user segment of the nuts market

The café segment will emerge as the dominating segment end user segment. This is because of the growing number of distribution channels in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of distribution channel, global nuts market is segmented into store based retailers and non-store retailers. In 2020, store based retailers segment is expected to dominate the nuts market with the market share of 69.17% due to the availability of packed nuts as snacks in retail stores as these are major components for a healthy diet and low in fat, sugar and salt and high in dietary fibre, therefore the consumption of nuts among health conscious people is more. This segment is also expected to grow at the highest CAGR over the forecast period as there is large number of key store retailers in the market.

The store based retailers segment will dominate the distribution channel segment of the nuts market

The store based retailers segment will emerge as the dominating segment under distribution channel with approximately 69.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: 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), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (U.S.), NUQO Feed Additives (France), and Novus International (U.S.).

Market Development

• In 2019, Royal Nut Company has received recognition as one of the best bulk food store in Melbourne from the Urban List, Australia. It is one of the leading newsletters of Australia. It has provided the company's food store as one of the best food serving facilities. The company's food store can serve various nuts in different flavours and hence it is one of the popular food serving stores in Melbourne. Through this recognition, the company can reach customers with its wide range of products.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in nuts market during the forecast period 2020 - 2027

North America has the biggest market for nuts because there are so many bakeries and confectionery factories there. The region has the most product launches when compared to other areas. Growing consumer demand and the availability of nuts in the area have recently produced a wealth of growth potential for the product. The growing trend of using raw nuts and nutmeals in cooking and as ingredients in savoury foods such as trail mix has attracted a lot of health-conscious consumers.

North America is estimated to be the fastest-growing region in nuts market the forecast period 2020 - 2027

The Asia-Pacific region's market is predicted to grow quickly because of factors including increasing demand from a variety of end users, economically developed nations, and a major plastic manufacturer.

COVID-19 Impact

During the COVID-19 scenario, agriculture and food production have been highlighted as crucial. A small decrease in global nuts was brought on by the COVID-19 epidemic, which forced the closure of some manufacturing facilities for months. The COVID-19 epidemic has caused production restrictions in several nations. The significant lockdown brought on by the COVID-19 outbreak has abruptly decreased customer interest in buying any items and stopped transportation sectors, which has seriously impacted the nuts market's operation owing to interruption in the management of the product's supply chain.

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