With increased awareness of the need to maintain a healthy lifestyle, consumers are embracing healthy eating habits by including foods like nuts, drinking more water, and including fruits in their diet. These seemingly insignificant behaviors can have a big impact on someone's health and wellbeing. Customers are realizing the value of this nutritious food as the World Health Organization (WHO) advises including nuts in a healthy diet for adults, which is fueling the global nut market's expansion.
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Data Bridge Market Research analyses that the Nuts Market was valued at USD 28,179.26 million in 2021 and is expected to reach the value of USD 47,697.94 million by 2029, at a CAGR of 6.8% during the forecast period of 2022-2029. Busy lifestyles and the need for convenient snacking options have boosted the demand for nuts. Nuts are readily available in pre-packaged formats, making them an ideal on-the-go snack choice. The convenience factor, coupled with the perception of nuts as a healthier alternative to processed snacks, drives their consumption.
Key Findings of the Study
Increasing health consciousness is expected to drive the market's growth rate
The growing demand for nuts in the global market is driven by consumers' increasing health consciousness. Nuts are recognized as a nutritious and natural food product, rich in vitamins, minerals, fiber, and healthy fats. The health benefits associated with nuts, including improved heart health and weight management, make them a sought-after snack option for health-conscious consumers, fueling the demand for nuts worldwide.
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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2022-2029
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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 (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.)
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Data Points Covered in the Report
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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.
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Segment Analysis:
The nuts market is segmented on the basis of category, type, coating type, form, end user and distribution channel.
- On the basis of category, global nuts market is segmented into organic and conventional. Organic segment has dominated the nuts market with a CAGR of 7.0% in the forecast period of 2022- 2029 due to its wide benefits of organic nutrients in the body time.
- 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 2022, almonds segment is expected to dominate the nuts market with a CAGR of 7.4% in the forecast period of 2022 to 2029 due to versatile flavor profile and are enjoyed by a wide range of consumers.
In 2022 almonds segment is expected to dominate the type segment in the nuts market
In 2022, almonds segment is expected to dominate the nuts market owing to its ability for being the essential ingredient. Furthermore, they have a versatile flavor profile and are enjoyed by a wide range of consumers. They can be consumed as a standalone snack or incorporated into various dishes and recipes with a highest CAGR of 7.4% in the forecast period of 2022- 2029.
- On the basis of coating type, global nuts market is segmented into coated and uncoated. Coated segment is expected to dominate the nuts market with a CAGR of 6.5% in the forecast period of 2022- 2029 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. Whole size is expected to dominate the nuts market with a CAGR of 6.4% in the forecast period of 2022- 2029 due to 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 2022, household/retail segment is expected to dominate the nuts market with a CAGR of 6.6% during the forecast period of 2022 to 2029 due to increased consumption from retail stores in different pack sizes and rising usage of nuts.
In 2022, household/retail segment is expected to dominate in the end user segment of the nuts market
In 2022 household/retail segment is expected to dominate the nuts market owing to increased consumption from retail stores in different pack sizes and rising usage of nuts in bakery and confectionary items With a CAGR of 6.6% during the forecast period of 2022- 2029
- On the basis of distribution channel, global nuts market is segmented into store based retailers and non-store retailers. Store based retailers segment is expected to dominate the nuts market with a CAGR of 6.7% during the forecast period of 2022- 2029 as there is large number of key store retailers in the market.
Major Players
Data Bridge Market Research recognizes the following companies as the major nuts market players in 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)
Market Development
- Product launch- In 2022, The limited-edition flavors of "Blue Diamond Snickerdoodle Flavored Almonds" and "Blue Diamond Peppermint Cocoa Flavored Almonds" were first made available by Blue Diamond Almonds.
- Expansion- In 2022, The year 2022 saw the introduction of four new almond flavors from Blue Diamond Almonds: Korean BBQ Almonds, Elote - Mexican-Style Street Corn Almonds, Mash Ups, and Mash Ups Dark Chocolate and Chili Pepper Almonds.
- Expansion- In 2020, Roasted almond, Brazil nut, walnut, and unsalted roasted cashew were added by Seeberger to its line of organic nut snacks.
- Expansion- In 2020, Fuego, Flare, and Smokin' Lime are the three newest Takis Hot Nuts flavors from Takis.
- Product Launch- In 2020, Kraft-Heinz released Planters Pop & Pour nuts, enabling snackers to pop open, pour, eat, and repeat. The business wanted to build a snack shop that could handle the busy schedules of its customers.
- Product launch- In 2022, The limited-edition flavors of "Blue Diamond Snickerdoodle Flavored Almonds" and "Blue Diamond Peppermint Cocoa Flavored Almonds" were first made available in November 2022 by Blue Diamond Almonds.
Regional Analysis
Geographically, 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
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in nuts market during the forecast period 2022 - 2029
The Asia-Pacific region is dominating the nut market, experiencing a surge in demand for color concentrate due to multiple factors. The presence of economically developed countries in the region has increased the purchasing power of consumers. Additionally, the region is home to a leading plastic producer, which further drives the market. These factors combined are likely to accelerate the growth of the color concentrate market in the Asia-Pacific region.
North America is estimated to be the fastest growing region in nuts market the forecast period 2022 - 2029
North America boasts the largest market for nuts, primarily driven by the presence of numerous bakery and confectionery manufacturing units. In comparison to other regions, North America leads in terms of product launches. The region's increasing demand for nuts has created significant growth opportunities. The rising trend of health-conscious consumers is fueling the use of raw nuts and nutmeals in cooking, as well as their incorporation into savory foods like trail mix.
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