Global Nut Products market overview 2024, Forecast To 2033
4 Mar, 2024
The nut products market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to$4.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to health and nutrition trends, diverse culinary uses, health awareness and marketing, and the shift in dietary preferences, research on health benefits. The nut products market size is expected to see strong growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to culinary versatility and cultural influence, functional food and ingredient demand, sustainability and ethical consumption, innovative nut-based products, and globalization of nut varieties. Major trends in the forecast period include digital and social media influence, convenience and on-the-go snacks, global culinary fusion, strategic collaborations, sustainability, and ethical sourcing.
Global Nut Products Market Key Driver
The rising number of health-conscious people is expected to boost the growth of the nut products market going forward. Health awareness is the knowledge and awareness of health, healthcare, medical needs, diseases, and preventive actions in general. Since there is a growing awareness of health and changing food preferences among consumers, there is a higher demand for nut products to provide many nutrients, antioxidants, and triglycerides. For instance, in May 2022, according to the International Food Information Council's (IFIC) food and health survey, 52% of Americans said they followed a diet or eating pattern in the past year, which represents an increase. Therefore, the rising number of health-conscious people is driving the growth of the nut products market. The 2023, 2024, and 2028 market size values highlight the increasing demand for nut products as consumers prioritize healthier food choices and seek products that offer nutritional benefits.
Get A Free Sample Of The Global Nut Products Market ReportGlobal Nut Products Market Segments
The global nut products market covered in this report is segmented –
1) By Product Type: Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, Nut Flour
2) By Nut Type: Almonds, Hazelnuts, Walnuts, Cashews, Peanuts, Pistachios
3) By Form: Roasted Form, Unroasted Form
4) By Category: Organic, Conventional
5) By Application: Industrial Food Manufacturers, Chocolate Confectionery Products, Bakery Products, Ice Cream and Frozen Desserts, Cereals and Snack Bars, Beverages, Savoury Products, Foodservice & Bakeries, Bakery Shops
By Geography: The regions covered in the nut products market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europe was the largest region in the nut products market in 2023. The regions covered in the nut products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Nut Products Industry Players
Olam International Limited, Barry Callebaut AG, Blue Diamond Growers, Kerry Group PLC, Zentis GmbH & Co. KG, Mount Franklin Foods LLC, Mandelin Inc., Besana Group S.p.A., Lubeca GmbH, Puratos Group NV, Almendras Llopis S.A.U., Kanegrade Limited, Moll Marzipan GmbH, Kondima Engelhardt GmbH & Co. KG, Treehouse Almonds, Royal Nut Company, CSM Bakery Solutions LLC, Waterford Nut Company, Tierra Farm Inc., Hormel Foods Corporation, Honeyville Inc., Braden Farms Inc., Sun Organic Farms, HBS Natural Choice LLC, South Valley Farms, Ludlow Nut Co Ltd., Kar Nut Products Co., Lotte Corporation, Dori Alimentos S.A., Georgia Nut Company
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Nut Products Market Overview
Nut products refer to nuts made up of seeds and dried fruit enclosed in a tough shell that provides many nutrients and antioxidants. These are used as typical snacks that are ideal for travel.
Nut Products Global Market Report 2023 provides data on the global nut products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The nut products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.