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North America Nuts Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • Jun 2022
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Nuts Market By 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) – Industry Trends and Forecast to 2029

North America Nuts Market

Market Analysis and Size

Consumers are adopting healthy eating habits by including healthy foods such as nuts, drinking more water, and including fruits in their diet as awareness and the need to maintain a healthy lifestyle. These small habits can significantly impact an individual's health and wellness. As the World Health Organization (WHO) recommends including nuts as part of a healthy diet for adults, consumers are recognising the importance of this functional food for health, driving the growth of North America nuts.

Data Bridge Market Research analyses that the nuts market was valued at USD 28179.26 million in 2021 and is expected to reach the value of USD 47697.94 million by 2029, at a CAGR of 6.8% during the forecast period of 2022-2029.

Market Definition

A nut is made up of two parts: a non-edible hard shell and an edible seed. Nuts are oily kernels found within the fruit's shell that are used in a variety of food products around the world. Nuts and seeds are high in healthy fats, protein, fibre, minerals, and vitamins. They also control bodyweight because their fats are not completely absorbed in body, they also control food intake and energy expenditure.

Report scope and market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico

Market Players Covered

Cargill Incorporated (US), ADM (US), Dupont (US), 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. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V. (Netherlands), North America Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France), and Novus International (US)

Opportunities

  • Rise in favourable rules and regulatory scenario
  • Increase in population, increase in disposable income and rise in demand for plant by products
  • An increase in market research and development activities, as well as technological advancements and modernization in production techniques

Nuts Market Dynamics

Drivers

  • Rising adoption of consuming healthy food and paleo diets

Growing vegan food trends, paleo diets, and other healthy eating habits influence the North America nut market's rapid growth. Nuts play an important role in these diets because they are high in protein and healthy fats and carbohydrates. As a result, growing consumer awareness about the health benefits of nuts has driven the North America market in recent years. In recent times, the young generation's preference for organic and natural products has resulted in a larger audience target for nut manufacturers.

  • Rising demand from the various end user industries

Nuts are used in a variety of applications by various end-users, and they are also gaining popularity in kitchens. The consumption of nuts and seeds has many positive effects on human health, such as lowering blood cholesterol, preventing diabetes and gallstones in men and women, and other medical applications. Aside from that, many key players see cosmetics as an important ingredient. Many edible products can be made from edible nuts, including nut spreads, gravy and salad dressings, dairy inclusions and toppings, energy bars, confectionery fillings and bars, bakery fillings and inclusions, food for infants and children, and others.

Opportunity

Rise in favourable rules and regulatory scenario is the major driver escalating market growth; also, increase in population, increase in disposable income and rise in demand for plant by products are the major factors driving the nuts market growth, among others. Furthermore, an increase in market research and development activities, as well as technological advancements and modernization in production techniques, will create new opportunities for nuts market manufacturers during the forecast period.

Restraints

However, unavailability of sufficient raw materials and price volatility in plant extracts are the major factors acting as restraints, and will further challenge the growth of nuts market in the forecast period. Potential threats affecting the nuts market's growth in the forecast period include life-threatening allergic reactions and notable side effects on human health, such as laxative effects, which could lead to diarrhoea and abdominal discomfort.

This nuts 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 nuts 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 Nuts Market

Agriculture and food production have been identified as critical sectors during the COVID-19 situation. Due to the COVID-19 pandemic, several manufacturing plants were closed for months, causing a slight decline in North America nuts. Several countries have also restricted production during the covid-19 pandemic. The major lockdown caused by the COVID-19 outbreak has resulted in a sudden drop in consumers' interest in purchasing any goods, as well as a halt in transportation sectors, which has severely hampered the business of the nuts market due to disruption in the product's supply chain management.

Recent Development

  • In 2020, Seeberger added to its existing organic nut snack line roasted almond, Brazil nut, walnut, and unsalted roasted cashew to its BIO product line.
  • Takis introduced three new Takis Hot Nuts flavours in 2020: Fuego, Flare, and Smokin' Lime. Takis' distinctive spicy intensity is added to each peanut-filled bite by using double crunch technology, giving customers new snacking options.
  • Planters Pop & Pour nuts were introduced by Kraft-Heinz in 2020, allowing snackers to pop open, pour, consume, and repeat. The company intended to create a snack store that would accommodate consumers' hectic lifestyles.

North America Nuts Market Scope

The nuts market is segmented on the basis of category, type, coating type, form, end user 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.

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 users

  • 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 country, category, type, coating type, form, end user and distribution channel as referenced above.

The countries covered in the nuts market report are U.S., Canada and Mexico.

Rising demand from various end-users, the presence of economically developed countries, and the presence of a leading plastic producer are all likely to accelerate the colour contrite market in the Asia-Pacific region. Due to the numerous bakery and confectionery manufacturing units in the United States, North America has the largest market for nuts. When compared to other regions, the region has the most product launches. In recent times, rising demand and nuts in the region have created enormous opportunities for the product to grow. Many health-conscious consumers have been drawn to the growing use of raw nuts and nutmeals in cooking and as blends in savoury foods such as trail mix.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 North America 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, North America 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 nuts market.

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

  • Cargill Incorporated (US)
  • ADM (US)
  • Dupont (US)
  • 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. (US)
  • Adisseo (France)
  • Alltech (US)
  • Palital Feed Additives B.V. (Netherlands)
  • North America Nutrition International (France)
  • Centafarm SRL (Italy)
  • Bentoli (US)
  • NUQO Feed Additives (France)
  • Novus International (US)


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Frequently Asked Questions

Growing vegan food trends, paleo diets, and other healthy eating habits are important factors influencing the North America nut market's rapid growth. Nuts play an important role in these diets because they are high in protein and healthy fats and carbohydrates. As a result, growing consumer awareness about the health benefits of nuts has driven the North America market in recent years. In recent times, the young generation's preference for organic and natural products has resulted in a larger audience target for nut manufacturers.
The North America Nuts Market value is expected USD 47697.94 million by 2029.
The North America Nuts Market is to grow at a CAGR of 6.8% during the forecast by 2029.
The major players operating in the North America Nuts Market are Cargill Incorporated (US), ADM (US), Dupont (US), 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. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V. (Netherlands), North America Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France), and Novus International (US).