Macadamia Nut Market Size, Share & Trends Analysis Report By Processing (Organic, Conventional), By Product (Raw, Roasted, Coated), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Macadamia Nut Market Size, Share & Trends Analysis Report By Processing (Organic, Conventional), By Product (Raw, Roasted, Coated), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Macadamia Nut Market Growth & Trends

The globle macadamia nut market is anticipated to reach USD 3.57 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 9.3% from 2023 to 2030. With the growing importance of healthy eating, the market is growing at a quicker rate, and consumers are increasingly adopting nuts as a healthy snack option and incorporating them into their daily meals. Furthermore, organic macadamia is becoming more popular, with increased demand primarily coming from European countries.

Macadamia nuts are an Australian native nut. These nuts are the fruits of the macadamia tree, which can be found in eastern Australia. These lustrous nuts have a leathery outer shell and are around 1 inch in diameter. Macadamia nuts are mostly farmed in Australia, but they are also grown commercially in Hawaii and, to a lesser extent, Florida and California.

While macadamia nuts are native to Australia and are farmed there, commercial production is concentrated on Hawaii. Macadamia trees can be found in California and Florida for the continental United States, and in several nations in Latin America, Africa, and Asia. The highest quality macadamia kernels are not only free of defects or insect and fungal damage, but also contain at least 72 percent oil. The kernels with less than 72 percent oil are usually immature and harder and will over-brown when roasted.

While the product is often utilized as an ingredient in Australia, the United States, and Japan, macadamia nuts are still mostly eaten as a snack in Europe (usually roasted and salted). However, as the global supply grows, so does interest in many European businesses, with macadamia nuts increasingly being utilized in the manufacturing of butter, chocolate coating, and as a confectionery ingredient.

Demand for commodities is increasing, but there is a deficit of supply on the global market, which causes inconsistencies in the supply-demand situation. As a result, the sector desperately needs investments, as well as support from government entities. Also, it might operate as a market development growth catalyst. For instance, the Hawaii Macadamia Nut Association conducted research on diverse subjects, including micronutrient management, orchard floor management, canopy management, integrated pest management, and nutrient management. One such effort was on fertilizing macadamia, which included all the essential soils in macadamia nuts, as well as determining the soil's nutritive value, cell density for bearing macadamia nuts, and other factors.

Macadamia Nut Market Report Highlights

• The market is expected to expand with a CAGR of 9.3% from 2023 to 2030. The significantly rising demand for healthy snacks among the growing population and the rising awareness of the health benefits of macadamia nuts and its by-products is boosting the demand for these products
• The conventional macadamia nuts is dominating the market with a largest share in 2022. These nuts have widespread use in various industrial categories like food and beverage and personal care and cosmetics thereby positively boosting impacts of the market growth.
• North America had the largest share in 2022 for market. The companies in these regions are implementing vertical integration to counter rising raw material prices. Also, a strong social trend towards health has helped fitness businesses to develop in the region