Asia-Pacific Nuts Market – Industry Trends and Forecast to 2030

Asia-Pacific Nuts Market, By Category (Organic and Conventional), Type (Almonds, Brazil Nuts, Cashews, Chestnuts, Hazelnuts, Hickory Nuts, Macadamia Nuts, Pecans, Pine Nuts, Pistachios, Walnuts, Peanuts, and Others), Coating Type (Coated and Uncoated), Form (Whole, Diced/Cut, Roasted, Granular), End User (Household/Retail, Food Service Sector, Hotel and Bars, Restaurants, Café, Catering, and Others), Distribution Channel (Store Based Retailers and Non-Store Retailers) - Industry Trends and Forecast to 2030.

Asia-Pacific Nuts Market Analysis and Size

The nuts market is mainly driven by growing awareness of the health benefits of nuts, as they are a rich source of fiber, protein, minerals & vitamins, and several other antioxidants. They are a good source of saturated fats and help maintain a healthy heart and brain. Consumers are often aware of the preferences for vegan snacks worldwide. In recent years, almonds have gained a tremendous advantage as a health nut with its diabetic-friendly attributes.

Data Bridge Market Research analyses that the nuts market, which was  USD 20,280.65 million in 2022, would rocket up to  USD 34,328.28 million by 2030 and is expected to undergo a CAGR of 6.8% during the forecast period.

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.

 Asia-Pacific Nuts Market Scope and Segmentation

Market Definition

A nut is a fruit with an inedible hard shell and an edible seed. They are a good source of 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 helps to prevent risk factors such as inflammation or some chronic diseases. Eating nuts regularly will improve health, such as lowering the risk of diabetes and heart diseases and decreasing the amount of cholesterol and triglycerides. This nutritious high-fiber treatment may also help weight loss despite its high-calorie content.

Asia-Pacific Nuts Market Dynamics

Drivers

• Increasing consumer preference for healthy nuts snacks

Consumer prefers ready-to-eat snacks that are healthy, time-saving, as they are easy to prepare. Nuts are healthy snacks to consume in their raw or roasted form. These nuts are available in flavored forms in various packaging sizes. The easy use and high nutritional value of nuts give them more demand. Consumers consider these nuts as comfort food because 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 well-being of health. Thus, this study reflects consumers' preference for nuts as healthy snacks. Further Pandemic has affected the demand for nuts healthy snacks in better terms as consumers are more prone to consuming nuts as healthy snacks to maintain well-being.

• Growing demand for plant-based snacks

Vegetarian food is more suitable owing to its health benefits. People are more concerned regarding food content, such as low cholesterol and calories. Thus, the demand for vegetarian food has been increased. Vegetarian food contains dietary fiber essential for lowering the risk of obesity and heart-related disorders. Further, they are responsible for less abortion of food which decreases excessive food intake. Increasing demand for vegan-based snacks and low production costs impact the production of vegan-based healthy snacks. This makes it particularly attractive for food manufacturers to produce plant-based snacks. Thus, growing demand for plant-based snacks is expected to drive the nuts market.

Opportunity

• Increasing Developments in the Nuts and Snacks Industry

The growth in the demand for healthy ready-made snacks is mainly due to the demand for protein-enriched snacks. It eventually boosted the response to nuts. The demand for flavored nuts has led the manufacturers of healthy snacks and nuts to expand their business to provide opportunities in the nutrition sector. Due to the high production capacity of different healthy snacks, the manufacturers are focusing on developing their businesses. They are taking various strategic decisions to follow the footprint in emerging countries. Rising developments in the nuts snacks industry include business expansion such as acquisition, partnership, collaboration, and exhibition participation by giant manufacturers to develop a wide range of flavored nuts, a well-known opportunity for the Asia-Pacific nuts market.

Restraint/Challenge

• Obesity issues associated with nuts due to higher lipid contents

Consuming 3 or 5 times nuts equals 875 calories in a single day. Eating these many nuts daily will lead to excess calorie intake and weight gain. However, nuts are a rich source of fatty acid, healthier in small quantities to improve heart health. However, saturated fatty acid in nuts and excess intake raise unhealthy low-density lipoprotein levels. More intake than 1 ounce daily may create harm to the health. Consuming too many nuts causes unwanted weight gain. It turns into obesity when the polyunsaturated fatty acids of nuts are converted into trans fat, which is mainly responsible for weight gain. Thus, obesity issues associated with nuts due to higher lipid contents may hinder the market's growth.

Recent Developments

• In 2020, Takis introduced three new Takis Hot Nuts flavors: Flare, Smokin' Lime and Fuego. Takis' distinctive spicy intensity is added by using double crunch technology to each peanut-filled bite and giving new snacking options to customers.

• In 2020, Kraft-Heinz introduced Planters Pop and Pour nuts, allowing snackers to pop open, consume, pour, and repeat. The company planned to create a snack store that would accommodate the hectic lifestyles of consumers.

Asia-Pacific Nuts Market Scope

The nuts market is segmented based on category, type, coating type, form, end user, distribution channel. The growth amongst these segments will help you analyse 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 user

• 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 type, mode of operation, design, end user, and distribution channel as referenced above.

The countries covered in the nuts market report are Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific.

China region is dominating, as the population is demanding nuts products due to technological developments in the coating process of nuts to surge their shelf life.

China is expected to witness significant growth from 2023 to 2030 due to increasing awareness about health and well-being among consumers.

The country section of the report also provides individual market affecting factors and changes in regulation in the market domestically that affects 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 the market.

Some of the major players operating in the nuts market are:

• Mariani Nut Company (U.S.)
• Blue Diamond Growers (U.S.)
• Royal Nut Company (Australia)
• MY.ORGANICS (Australia)
• Unilever (U.K.)
• Brijwasi Group (India)
• Peyman (Turkey)