Categories: Food & Beverages

Global Nut Ingredients Market Size and Forecast 2024-2033|Archer-Daniels-Midland Company, Olam International Limited, Barry Callebaut AG, Kanegrade Flavours & Ingredients Pvt. Ltd., The Hershey Company

The Nut Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Nut Ingredients Global Market Report 2024, The nut ingredients market size has grown strongly in recent years. It will grow from $23.43 billion in 2023 to $24.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growing health consciousness, expansion of snack food industry, increased nutritional awareness, innovation in food product development, rising disposable income, shift to healthy snacking.

The nut ingredients market size is expected to see strong growth in the next few years. It will grow to $31.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing production of nut-based spreads, demand for gluten-free products, integration into health and wellness trends, innovation in nut-infused beverages, growing market for nutritional bars, focus on sustainable and ethical sourcing.. Major trends in the forecast period include expansion of nut-enhanced product offerings, focus on clean label and natural ingredients, innovations in nut-based dairy alternatives, inclusion of nuts in confectionery, sustainability and ethical sourcing:

The rising prevalence of obesity is expected to drive the nut ingredients market going forward. Obesity is characterized as an abnormal or excessive buildup of fat that poses a health concern. Hazelnuts, pine nuts, peanuts, and walnuts are just a few of the nut ingredients that cut the risk of obesity by bringing the levels of both good and bad cholesterol down. As a result, the rising prevalence of obesity increases the demand for the nut ingredient market. For instance, in March 2022, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, 650 million adults, 340 million teenagers, and 39 million children were obese around the world. This quantity is still rising. By 2025, it is predicted that 167 million adults and children will lose some of their health due to being overweight or obese. As a result, the rising prevalence of obesity is propelling the nut ingredients market.

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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

Product innovations have emerged as a key trend gaining popularity in the nut ingredients market. Major companies operating in the nut ingredients market are focused on introducing innovative products based on nut ingredients to sustain their position in the market. For instance, in January 2023, ProV Foods Private Limited, an India-based food products company launched ProV Minis, tailored for the Indian market. ProV Minis are conveniently sized snack packs containing flavored dry fruits, nuts, and seeds, making them an ideal choice for healthy on-the-go nutrition. They offer a convenient and nutritious alternative for breakfast or a school lunch. The initial ProV Minis flavors include Cashew Roasted & Salted, Nut & Seed Mix, Cashew Creamy Cheese, Cashew Cracked Pepper, Almonds Roasted & Salted, and Almonds Piri Piri.

The nut ingredients market report table of contents includes:

1. Executive Summary

2. Nut Ingredients Market Characteristics

3. Nut Ingredients Market Trends And Strategies

4. Nut Ingredients Market – Macro Economic Scenario

5. Global Nut Ingredients Market Size and Growth

26. South America Nut Ingredients Market

27. Brazil Nut Ingredients Market

28. Middle East Nut Ingredients Market

29. Africa Nut Ingredients Market

30. Nut Ingredients Market Competitive Landscape And Company Profiles

Top Major Players: