Global Macadamia Market Top Major Players 2024, Forecast To 2033
8 Mar, 2024
The macadamia market has seen rapid growth, increasing from $1.24 billion in 2023 to $1.38 billion in 2024, with a CAGR of 11.4%. This growth is attributed to factors such as growing consumer awareness, rising health consciousness, and globalization of trade. Looking ahead, the market is expected to continue its rapid growth, reaching $2.06 billion in 2028, with a CAGR of 10.4%. Factors driving this growth include increased disposable income, expansion of retail channels, and a shift towards plant-based diets. Major trends in the forecast period include the emergence of new macadamia product varieties, integration into healthy and premium snack categories, and product innovation in macadamia-based foods.
Global Macadamia Market Key Driver
The rising consumption of nuts and dried fruits is expected to drive the growth of the macadamia market. These products, renowned for their health benefits, witness increasing demand as healthy snacks and culinary ingredients. The International Nut and Dried Fruit Council Foundation reported a significant 15.2% increase in global tree nut production in the 2020–2021 season. This surge in production signifies the growing popularity of nuts and dried fruits, contributing to the expansion of the macadamia market.
Get A Free Sample Of The Global Macadamia Market ReportGlobal Macadamia Market Segments
The macadamia market covered in this report is segmented –
1) Nature:Organic, Conventional
2) Form:Raw, Processed, Oil
3) Distribution Channel:Direct, Indirect
4) End Use:Residential, Commercial, Industrial, Food Industry, Cosmetic And Personal Care
By Geography: The countries covered in the macadamia market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the macadamia market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the macadamia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Macadamia Industry Players
Camellia PLC; C. Brewer and Company Ltd.;Golden Macadamias; Castle & Cooke; Buderim Ginger; Mauna Loa Macadamia Nut Corporation; Marquis Macadamias Ltd.; Hawaiian Host Group; Kenya Nut Company; Marquis Group; MacFarms; Hamakua Macadamia Nut Company; MWT Foods; T.M. Ward Coffee Company; Superior Nut Company; Buderim Group Limited; Nambucca Macnuts Pty Ltd.; Ivory Macadamias Pty Ltd.; Eastern Produce Kenya Ltd.; Wondaree Macadamia Nuts; North Shore Macadamia Nut Company; Dr. Paul's Kona Coffee Company; Royal Macadamia Pty Ltd.; Makua Coffee Company; Royal Macadamia (Pty) Ltd; Maquis Macadamias; Royal Iolani; Wondaree Macadamias Nuts.
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Macadamia Market Overview
Macadamia refers to a type of tree nut that is creamy in texture and has a mild, butter-like flavor full of vitamins, minerals, and healthy plant chemicals. They have been connected to several advantages, such as better digestion, heart health, weight management, and blood sugar regulation.