Pistachio Market, by Product Type (Shelled and Unshelled), by Distribution Channel (Hypermarkets, Supermarkets, Specialty Stores, Convenience Stores, and Online Channel), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Pistachio nut offers various health benefits such as reduces risk of heart attacks, improves body’s metabolism, relief from constipation, boost immune system, and others. They are rich in nutrients, fibers, low in calories, low glycemic index, and others.
Although it has various health benefits, overconsumption could cause side effects such as gastrointestinal problems, blood pressure, and weight gain.
Market Dynamics
Asia Pacific held significant market share in the global pistachio market in 2022. Increasing demand for nutritious food, owing to rising health awareness among people is driving growth of the pistachio market in this region. Furthermore, growing food service sector is fuelling the market growth. According to the India Food Service Report 2013 by the National Restaurant Association of India (NRAI), the Indian food services industry is estimated to reach at US$ 5.06Trillion by 2022. The growth of food services sector is expected to drive the pistachio market growth in India.
Increasing demand for pistachios in bakery and confectionery products and rising demand for processed food is driving the market growth. The consumer spending on processed food is expected to reach at US$ 3.602 trillion by 2020 in India, according to India Brand Equity Foundation (IBEF).
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