What are the Historical Developments and Current Growth Metrics of the Nut Products Market?
The nut products market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the size of the nut products market of late. Its growth is projected to rise from $4.25 billion in 2024 to $4.56 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The previous period's growth was fuelled by factors such as health and nutritional trends, varied cooking applications, health consciousness and promotions, changes in food preferences, and studies on health advantages.
What is the Forecasted Market Size and CAGR for the Nut Products Market Size Evolve over the Forecast Period?
The Nut Products market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of nut products is anticipated to experience significant growth in the impending years. It's predicted to escalate to $6.28 billion in 2029, with a compound annual growth rate (CAGR) of 8.3%.
Causes for this heightened growth during the forecast period may include factors such as the culinary adaptability and cultural influence of nuts, their status as a functional food and ingredient, sustainable and ethical consumption practices, emerging nut-based products, and the globalization of nut varieties. Noteworthy trends for this forecast period encompass influence from digital and social media, the increasing popularity of convenient and portable snacks, global culinary fusion, strategic partnerships, and an emphasis on sustainability and ethical sourcing.
What Key Factors and Trends Are Driving The Growth Nut Products Market?
The surge in health-centric individuals is anticipated to propel the nut products market's expansion. Health literacy pertains to the understanding and consciousness about health, healthcare, medical necessities, diseases, and universal preventive measures. Given the increasing health cognizance and the shift in food choices among consumers, the demand for nut products—replete with numerous nutrients, antioxidants, and triglycerides—is shooting up. To illustrate, an online survey conducted by the International Food Information Council (IFIC), a US-based non-profit focused on disseminating science-derived data regarding food safety, nutrition, and health, revealed in June 2024 that out of 1,005 American respondents, 54% adhered to a healthy diet regime in 2024—signifying a substantial increase from the 52% recorded in 2023. Consequently, this escalation in health-focused individuals is stimulating the growth of the nut products market.
What Are The Market Segments In The Nut Products Market?
The nut products market 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
Subsegments:
1) By Nut Butter: Almond Butter, Cashew Butter, Walnut Butter, Hazelnut Butter
2) By Nut Paste Or Marzipan Paste Or Persipan Paste: Marzipan (Almond Paste), Persipan (Apricot Kernel Paste), Other Nut Pastes
3) By Nut Fillings With Cocoa: Hazelnut Cocoa Filling, Chocolate Almond Filling
4) By Nut Fillings Without Cocoa: Nut Cream Fillings, Fruit And Nut Fillings
5) By Caramelized Nuts: Caramelized Almonds, Caramelized Cashews, Caramelized Walnuts
6) By Nut Flour: Almond Flour, Cashew Flour, Hazelnut Flour, Walnut Flour
Pre-Book The Nut Products Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Nut Products Market?
The nut products market is witnessing a rising trend in innovative products. Companies are devoting more time and resources to the development of new and unique items. Beech-Nut Nutrition Company, for example, a Swiss food production firm famous for its baby food products, introduced a New Veggie-Forward Crispeas Snack for toddlers and older children in August 2022. These Crispeas are an innovative twist on peas, transforming them into puffed mini sticks with a crunchy texture and an irresistible savory flavor. This snack innovation simplifies the task for parents to incorporate fruits and vegetables into their children's meals, in addition to being non-GMO, gluten-free, and grain-free. Beech-Nut's snack portfolio has grown, adding Crispeas to their existing range which includes melties, mini-waffles packed with hidden veggies, and fruity oat bars.
Who Are the Key Players In The Nut Products Market?
Major companies operating in the nut products market include:
• 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
What Are The Regional Insights Into The Nut Products Market?
Europe was the largest region in the nut products market in 2024. The regions covered in the nut products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
