Global Nuts Market to Reach USD 87.75 Billion by 2030, Growing at a CAGR of 5.5%
Summary: The global nuts market, valued at USD 60.32 billion in 2023, is projected to grow significantly at a Compound Annual Growth Rate (CAGR) of 5.5%, reaching approximately USD 87.75 billion by 2030. This growth is driven by increased demand in both foodservice and household applications across major regions worldwide. The market report provides in-depth analysis of key players, competitive landscape, market segmentation, and regional trends.
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Market Size:
The global nuts market was valued at USD 60.32 billion in 2023 and is expected to witness a substantial growth trajectory, with a projected CAGR of 5.5% during the forecast period from 2024 to 2030. By the end of 2030, the market is anticipated to reach approximately USD 87.75 billion.
Scope and Research Methodology:
This market research report offers a detailed analysis of the nuts industry, with a focus on key players, market dynamics, competitive landscape, and growth drivers. The research methodology includes data collection from primary and secondary sources, offering comprehensive insights into market trends, consumption patterns, and regional forecasts. Our analysts have conducted an in-depth evaluation of the global nuts market, considering factors such as regional segmentation, market share, and technological advancements.
Report Coverage:
- Historical data analysis (2017-2021)
- Market size projections for 2024-2030
- Market dynamics (drivers, restraints, opportunities, and threats)
- Competitive analysis of key players
- Geographic insights and growth prospects
Overview:
Nuts are a key dietary component due to their high nutritional value and health benefits. The demand for nuts has been growing steadily, driven by the increasing popularity of healthy snacking options, rising awareness of the nutritional benefits, and the expanding global population. Nuts like almonds, peanuts, cashews, and pistachios are commonly consumed in various forms, such as whole, roasted, salted, and powdered, across foodservice, retail, and household sectors.
Dynamics:
- Drivers: Health-conscious consumers are increasingly opting for nuts due to their high protein, fiber, and healthy fat content. This is contributing to the growing demand for almonds, peanuts, cashews, and other nuts.
- Restraints: High prices of certain nuts, such as macadamias and pine nuts, may limit their consumption in price-sensitive markets.
- Opportunities: The rising trend of plant-based diets and clean label products presents significant opportunities for market players to innovate and offer new, healthy nut-based products.
- Challenges: Climate change and its effects on nut production, particularly in key producing regions, pose a potential challenge to the industry's stability.
Segmentation:
- By Product: Almonds, Peanuts, Cashews, Walnuts, Hazelnuts, Pistachios.
- By Form: Whole, Plain, Roasted, Salted, Powder.
- By End Use: Foodservice Industry, Household.
Key Players include:
- Borges Agricultural & Industrial Nuts
- Diamond Foods, Inc.
- John B. Sanfilippo & Son
- Ludlow Nut Co Ltd.
- Hines Nut Company
- Mariani Nut Company
- Germack Pistachio Company
- Hampton Farms, Inc.
- Star Snacks Co. LLC
- Grower Direct Nut Co. Ltd.
- Wildly Organic
- TIERRA FARM
- Big Tree Organic Farms
- Food to Live
- Truefarm Foods
- Forest Whole Foods Ltd
- Prana Organic
- Wholefood Earth
- South Valley Farms
- Blue Diamond Growers
Reason to Buy:
- Gain a thorough understanding of the market and identify profitable growth opportunities.
- Analyze the competitive landscape and determine key market strategies for players.
- Understand regional trends and make informed decisions on expansion into new markets.
- Learn about future growth trends and challenges in the global nuts industry.
Table of Contents:
- Executive Summary
- Introduction
- Market Overview
- Market Dynamics
- Market Segmentation
- By Product
- By End Use
- Regional Insights
- Competitive Landscape
- Key Company Profiles
- Conclusion
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About Us:
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