What Fueled The Previous Growth In The Nut Ingredients Market?
The nut ingredients market has seen considerable growth due to a variety of factors.
• The market size for nut ingredients has seen robust growth of late. The sector's value is set to increase from $24.84 billion in 2024 to $26.33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. Various factors are behind this rise in the historic period such as amplified health awareness, snack food industry expansion, enhanced nutritional consciousness, innovation in food manufacturing, an escalation in disposable income, and a move towards healthier snacking habits.
What Can Be Expected from the Nut Ingredients Market?
The Nut Ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• The market for nut ingredients is forecasted to significantly expand in the coming years, reaching a valuation of $33.74 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%.
This predicted growth during the forecast period can be ascribed to a rise in the manufacturing of spreads made from nuts, increased demand for products that are gluten-free, coupling with health and wellness trends, advancements in beverages infused with nuts, an expanding market for nutritional bars, and an emphasis on ethical and sustainable sourcing. Major anticipated trends for the forecast period involve the proliferation of products enhanced with nuts, a concentration on clean label and natural ingredients, innovative approaches in dairy substitutes based on nuts, integrating nuts in confectionery, alongside a continued focus on sustainability and ethical sourcing.
What Are the Critical Driver Fuelling The Nut Ingredients Market's Growth?
The escalating prevalence of obesity is anticipated to propel the growth of the nut ingredients market. Obesity is defined as an unusual or excessive accumulation of fat which presents a threat to health. A variety of nut ingredients such as hazelnuts, pine nuts, peanuts, and walnuts can mitigate obesity risk by reducing both good and bad cholesterol levels. Therefore, the surging prevalence of obesity boosts the demand for nut ingredients in the market. For instance, in March 2022, the World Health Organization (WHO), a Swiss-based United Nations agency dedicated to global public health, reported that 650 million adults, 340 million adolescents, and 39 million children worldwide were obese. This number continues to increase. By 2025, it is projected that 167 million adults and children will suffer some health loss as a result of being overweight or obese, thereby fueling the demand for the nut ingredients market due to the escalating prevalence of obesity.
How Is The Nut Ingredients Market segmented?
The nut ingredients market covered in this report is segmented –
1) By Type: Cashews, Walnuts, Almonds, Hazelnuts
2) By Form: Roasted, Chopped, Raw, Powdered
3) By Application: Snacks And Bars, Confectionary, Baked Products, Dairy Products, Beverages, Other Applications
Subsegments:
1) By Cashews: Raw Cashews, Roasted Cashews, Cashew Butter
2) By Walnuts: Chopped Walnuts, Ground Walnuts, Walnut Oil
3) By Almonds: Whole Almonds, Sliced Almonds, Almond Flour, Almond Butter
4) By Hazelnuts: Whole Hazelnuts, Chopped Hazelnuts, Hazelnut Oil
Pre-Book The Nut Ingredients Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Nut Ingredients Market?
In the nut ingredients market, the rise of product innovations is a significant trend that is gaining traction. To maintain their market presence, major firms in this field are strategically focusing on the release of new products that utilize nut ingredients. For instance, ProV Foods Private Limited, a food products company headquartered in India, introduced ProV Minis in January 2023, specifically catering to the Indian market. These packs, filled with flavored dry fruits, nuts, and seeds, provide portable healthy nutrition, positioning themselves as a suitable choice for a nutritious breakfast or school lunch option. The initial flavors of ProV Minis line-up include Cashew Roasted & Salted, Nut & Seed Mix, Cashew Creamy Cheese, Cashew Cracked Pepper, Almonds Roasted & Salted, and Almonds Piri Piri.
Who Are the Key Players In The Nut Ingredients Market?
Major companies operating in the nut ingredients market include:
• Archer-Daniels-Midland Company
• Olam International Limited
• Barry Callebaut AG
• Kanegrade Flavours & Ingredients Pvt. Ltd.
• The Hershey Company
• Bredabest BV
• Terri Lynn Inc.
• Cache Creek Foods
• Royal Nut Company
• Helios Ingredients Ltd.
• Bergin Fruit and Nut Company
• Western India Cashew Company
• Savencia SA
• Borges Agricultural and Industrial Nuts SA
• John B. Sanfilippo & Son Inc.
• Blue Diamond Growers
• Treehouse Foods Inc.
• Kanegrade Limited
• Olde Tyme Foods Inc.
• Hampton Farms Inc.
• Johnvince Foods Company
• The Wonderful Company LLC
• Mariani Nut Company
• SunOpta Inc.
• Golden Peanut Company LLC
• Glanbia Nutritionals Inc.
• Ingredion Incorporated
• Kerry Group PLC
• MGP Ingredients Inc.
• NOW Foods
• Prinova Group LLC
What Is The Most Dominant Region In The Nut Ingredients Market?
North America was the largest region in the nut ingredients market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nut ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
