The market crossed US$ 6.7 billion mark in 2022 and is expected to hit US$ 10.6 billion by 2030, recording a CAGR of 5.9% during the forecast period.
The latest Nut Products market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving Nut Products market.
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Key Players:
- Blue Diamond Growers
- Zentis GmbH & Co. KG.
- Mount Franklin Foods
- Mandelin, Inc
- Bazzini
In this report, the market has been segmented on the basis of:
- Type:
- Nut Butter
- Nut Milk
- Packaged Nuts
- Nut Flour
- Others
- Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
The research report provides deep insights into the market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Nut Products market during the forecast period, i.e., 2022–2030. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
Nut products market is fueled by growing awareness regarding their health benefits.
Nuts are dry fruits consisting of one or multiple edible kernels inside a hard shell. Almonds, brazil nuts, cashew nuts, hazelnuts, macadamias, pecans, pine nuts, pistachios, and walnuts are some of the most popular nuts. Most of the nuts have similar macronutrient profiles containing fats, carbohydrates, and proteins; however, various nuts contain different micronutrient profiles. Most of the nuts are rich in good fats such as polyunsaturated fats and monosaturated fats, moreover, they have low saturated fats. Nuts are also high in dietary fibre and they are free of dietary cholesterol. They are also rich in antioxidants called phytochemicals as well as rich in vitamins and minerals such as potassium, phosphorus, selenium, copper, calcium, plant iron, zinc, and magnesium among others. The increased awareness regarding nuts have made them an ideal guilt-free snacking product. Thus, products such as roasted nuts or salted nuts have become highly popular among consumers across the globe.
Rising adoption in various regions is one of the major factors accelerating the market growth.
The robust growth of nut products market is clearly being witnessed in all regions across the globe. Nuts are already a household product and are included in many cuisines across the world, thus the acceptance nut products is high in all regions. Moreover, the increased introduction of products in the nut butter, nut milk, and nut flour segments is expected to drive the market even further. The followers of keto diet are especially inclined to purchase nut products as they are a feasible alternative to carbohydrate rich products.
The research provides answers to the following key questions:
- What is the estimated growth rate of the market for the forecast period 2022–2030? What will be the market size during the estimated period?
- What are the key driving forces responsible for shaping the fate of the Nut Products market during the forecast period?
- Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Nut Products market?
- What are the prominent market trends influencing the development of the Nut Products market across different regions?
- What are the major threats and challenges likely to act as a barrier in the growth of the Nut Products market?
- What are the major opportunities the market leaders can rely on to gain success and profitability?
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Nut Products market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Nut Products market segments and regions.
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