Edible Nuts

Edible Nuts

Global Edible Nuts Market to Reach US$459.1 Billion by 2030

The global market for Edible Nuts estimated at US$303.5 Billion in the year 2023, is expected to reach US$459.1 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2023-2030. Peanuts, one of the segments analyzed in the report, is expected to record a 6.9% CAGR and reach US$132.3 Billion by the end of the analysis period. Growth in the Cashews segment is estimated at 6.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$79.0 Billion While China is Forecast to Grow at 9.7% CAGR

The Edible Nuts market in the U.S. is estimated at US$79.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$111.6 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global Edible Nuts Market - Trends & Drivers Summarized

Edible nuts are a versatile and nutritious food group that has been cherished by various cultures for millennia. They encompass a wide range of varieties, including almonds, walnuts, cashews, pistachios, hazelnuts, pecans, macadamia nuts, and Brazil nuts, each offering unique flavors, textures, and nutritional profiles. Rich in essential nutrients, nuts are particularly valued for their high content of healthy fats, proteins, vitamins, and minerals. Almonds, for example, are a significant source of vitamin E and magnesium, while walnuts provide omega-3 fatty acids, and cashews are noted for their iron and zinc content. The consumption of nuts has been linked to numerous health benefits, including improved heart health, weight management, and reduced risk of chronic diseases such as diabetes and cancer. This makes them an appealing snack option and a key ingredient in a variety of culinary applications, from salads and desserts to plant-based milk and butters.

In the recent years, demand for edible nuts has surged, driven by a growing awareness of their health benefits and the increasing prevalence of health-conscious lifestyles. The versatility of nuts makes them suitable for a wide array of products, including snack bars, trail mixes, dairy alternatives, and gluten-free options. This adaptability has led to innovation in product offerings, catering to diverse consumer preferences and dietary requirements. Moreover, the global trade of nuts has expanded, with major producers like the United States, Turkey, India, and Vietnam playing significant roles in the market. Technological advancements in processing and packaging have further enhanced the quality and shelf life of nuts, making them more accessible to consumers worldwide. Despite challenges such as fluctuating prices due to climate impacts on nut harvests, the market has shown resilience, adapting to changing conditions through sustainable farming practices and improved supply chain efficiencies.

The growth in the edible nuts market is driven by several factors. The trend towards plant-based and vegan diets has significantly boosted the demand for nuts as a primary source of protein and healthy fats. Also, the increasing consumer preference for convenient and nutritious snacking options has led to a proliferation of nut-based products. Innovations in food processing technology have enabled manufacturers to develop new products such as nut milks, spreads, and fortified snacks, broadening their appeal. Thirdly, the emphasis on clean-label and organic products has spurred the growth of organic nut farming, meeting the demand for natural and minimally processed foods. Additionally, the growing awareness and concern about food allergies have prompted the industry to enhance labeling and product transparency, further building consumer trust. Lastly, e-commerce and improved distribution networks have made nuts more readily available to a global audience, supporting market expansion. These drivers collectively contribute to the robust growth and dynamic evolution of the edible nuts market.

Select Competitors (Total 107 Featured) -

• Archer Daniels Midland Company
• Blue Diamond Growers
• Diamond Foods, LLC.
• John B. Sanfilippo & Son, Inc. (JBSS)
• KP Snacks Limited
• Mariani Nut Company
• Olam International Limited
• Select Harvests Limited
• Waterford Nut Company

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