Global Pistachio Market, By Form (Whole, Powdered, Roasted, Splits), End-Use (Bakery and Confectionery, Flavored Drink, Breakfast Cereals, Snacks, Butter and Spread, Dairy Products, Others), Product Type (In-shelled, Shelled), Distribution Channel (Wholesaler/Distributor, Modern Trade, Convenience Stores, Online Sales, Other Sales Channel) – Industry Trends and Forecast to 2029.
Global Pistachio Market Analysis and Size
In recent years, consumers are placing a greater emphasis on healthy eating habits to avoid health problems such as food poisoning, high cholesterol, and obesity. Growing knowledge of the presence of toxins in various food products as a result of the use of pesticides and chemical fertilizers in farming has led to an increase in demand for organic food products, whether they are vegetables, fruits, or nuts. As pistachios are used in food preparation and are eaten as snacks, the organic type is becoming highly popular globally, which is projected to aid the market’s growth.
- 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. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behavior.
Global Pistachio Market Definition
Pistachios are the seeds of the pistachio plant (Pistachio vera). Pistachios are high in antioxidants and fiber, which aid in lowering cholesterol, controlling blood sugar, and lowering the risk of diseases such as cancer. Pistachios are primarily consumed by people with type 2 diabetes. Pistachios are high in dietary fibres, proteins, xanthophyll carotenoids, manganese, iron, vitamin K, vitamin B-6, and phosphorus, among other minerals. This pistachio also aids in the improvement of body metabolism.
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 to 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 2019 - 2014)
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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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Form (Whole, Powdered, Roasted, Splits), End-Use (Bakery and Confectionery, Flavored Drink, Breakfast Cereals, Snacks, Butter and Spread, Dairy Products, Others), Product Type (In-shelled, Shelled), Distribution Channel (Wholesaler/Distributor, Modern Trade, Convenience Stores, Online Sales, Other Sales Channel)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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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.), hopeandarley (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)
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Market Opportunities
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Pistachio Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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High Amount of Advantages of Pistachio
The increase in the number of health-conscious customers who recognize pistachios as a guilt-free and nutrient-dense food are predicted to propel the target market forward. Reduced risk of cardiovascular disease and diabetes, enhanced digestion, immunological system, and nervous system are just a few of the benefits of pistachios. The increased awareness regarding the health benefits of pistachios, which keep the sugar controlled, helps reduce cholesterol levels and reduce the risk of diseases like cancer which further boosts the market growth.
Additionally, the growing usage of pistachio as a flavoring agent in the bakery product coupled with the rising consumption of pistachio as a snack are estimated to bolster the overall growth of the market. Furthermore, the growing demand for pistachio oil in the food and cosmetic industry further fuels the market growth. The higher demand for nutritious food along with its wide used as a flavoring agent in a bakery product such as biscuits, pastries, cookies also cushions the market’s growth within the forecasted period.
Opportunities
- Consumer Awareness and Utilization of Pistachios
The surging consumer awareness regarding the consumption of pistachios are estimated to generate lucrative opportunities for the market, which will further expand the pistachio market's growth rate in the future. Additionally, the increasing usage of pistachios as flavors and snacks will also offer numerous growth opportunities within the market.
Restraints/Challenges Global Pistachio Market
- High Cost
The high cost of pistachios as compared to other nuts is expected to obstruct market growth.
- Impurity of Pistachios
Also, the impurity of pistachios by hazardous substances including aflatoxins is projected to be challenge for the pistachio market over the forecast period.
This pistachio market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pistachio market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Pistachio Market
COVID-19 had a detrimental influence on economies and industries like as the food and beverage industry in several nations due to lockdowns, travel bans, and commercial shutdowns. The pistachio market was immensely impacted by the outbreak of COVID-19. The global quarantine imposed to halt and contain the pandemic had a negative impact on distribution networks due to the closure of various industries. The disruptions in manufacturing and raw material supply, which reduced the availability of pistachio end-products on the market, had an impact on value addition operations. Additionally, the consumer shift has a negative impact on consumer purchasing behavior. There was emergence of various challenges such as halt of various operations, stifling business growth, suspended activities among others, which largely affected the demand and supply, which brought several short-term and long-term consequences in the industry.
The pistachio market is however available in-store and online, the in-store segment saw some losses owing to closure and directions not to move outside to mitigate the COVID19 effect, but, the online market seeing increased growth. When China's economy reopened, global exports began to revive in a broad sense. Forecasts for recovery in 2021, on the other hand, are shaky, with outcomes largely determined by the length of the outbreak and the effectiveness of government initiatives.
Global Pistachio Market Scope
The pistachio market is segmented on the basis of form, end-use, product type and distribution channel. The growth amongst these segments will help you analyze 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.
Form
- Whole
- Powdered
- Roasted
- Splits
On the basis of form, the pistachio market is segmented into whole, powdered, roasted and splits.
End-Use
- Bakery and Confectionery
- Flavored Drink
- Breakfast Cereals
- Snacks
- Butter and Spread
- Dairy Products
- Others
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 and others.
Product Type
- In-shelled
- Shelled
On the basis of product type, the pistachio market is segmented into in-shelled and shelled.
Distribution Channel
- Wholesaler/Distributor
- Modern Trade
- Convenience Stores
- Online Sales
- Other Sales Channel
On the basis of distribution channel, the pistachio market is segmented into wholesaler/distributor, modern trade, convenience stores, online sales and other sales channel.
Pistachio Market Regional Analysis/Insights
The pistachio market is analyzed and market size insights and trends are provided by country, form, end-use, product type and distribution channel as referenced above.
The countries covered in the pistachio market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
Asia-Pacific dominates the pistachio market because of the increasing health awareness among the people and the rising food and services industry within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing demand for pistachio as a snack along with the vegan and highly health-conscious consumers within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Pistachio Market Share Analysis
The pistachio 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 pistachio market.
Some of the major players operating in the pistachio market are
- 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.)
- hopeandarley (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)
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