The nut ingredients global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nut Ingredients Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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:.
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Scope Of Nut Ingredients Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Nut Ingredients Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the nut ingredients market share in 2023. 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.
Key Companies –
Major companies operating in the nut ingredients market report are 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
Table of Contents
1. Executive Summary
2. Nut Ingredients Market Report Structure
3. Nut Ingredients Market Trends And Strategies
4. Nut Ingredients Market – Macro Economic Scenario
5. Nut Ingredients Market Size And Growth
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27. Nut Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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