Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Nut Products Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Nut Products Market Grow Between 2024 and 2025?
The market for nut products has seen robust growth lately. The market size is expected to increase from $4.25 billion in 2024 to $4.52 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The historical growth of the market has been strong.
How Much Will the Nut Products Market Be Worth in 2029?
The nut products market is predicted to expand to a value of $6.18 billion by 2029, with a compound annual growth rate of 8.2%.
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Which Nut Products Market Drivers Are Linked to Revenue Growth?
The key drivers in the nut products market are:
• Culinary versatility and cultural influence is driving the demand for nut products
• Positive reception and increasing demand for functional food and ingredients
• Consumers' increasing focus on sustainability and ethical consumption practices
• Innovation and development of novel nut-based products and the globalization of nut varieties.
Which Segments Are Expected to Grow in the Nut Products Market?
The nut productsmarket covered in this report is segmented –
1) By Product Type: Nut Butter, Nut Paste Or Marzipan Paste Or 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, Savory Products, Foodservice And Bakeries, Bakery Shops
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What Are The Key Trends Impacting Growth In The Global Nut Products Market?
The key trends in the nut products market are:
• Digital and social media influence is a rising trend in the nut products market.
• Convenience and on-the-go snacks are becoming increasingly popular.
• Global culinary fusion is beginning to shape the future of the nut products market.
• Strategic collaborations, alongside sustainability and ethical sourcing, are notable emerging trends.
Who Are the Key Competitors in the Global Nut Products Market?
Major players in the nut products market are:
• 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
Where Is the Nut Products Market Growing Fastest Between 2025 and 2029?
Europe was the largest region in the nut products market in 2024
