Packaged Nuts And Seeds Market Size, Share & Trends Analysis Report By Product (Nuts, Seeds), By Form (Raw, Roasted), By Region (Europe, MEA, CSA), And Segment Forecasts, 2024 - 2030
Packaged Nuts And Seeds Market Size, Share & Trends Analysis Report By Product (Nuts, Seeds), By Form (Raw, Roasted), By Region (Europe, MEA, CSA), And Segment Forecasts, 2024 - 2030
Packaged Nuts And Seeds Market Growth & Trends
The global packaged nuts and seeds market size is expected to reach USD 48.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 6.9% from 2024 to 2030. There is a growing awareness among consumers worldwide about the health benefits of nuts and seeds. These products are rich in essential nutrients like healthy fats, protein, fiber, vitamins, and minerals, which are crucial for maintaining overall health and well-being. As lifestyles become increasingly health-conscious, there is a rising demand for nutritious and convenient snack options that can be easily incorporated into daily diets.
Moreover, the popularity of plant-based diets is contributing significantly to market expansion. Nuts and seeds are naturally plant-based and align well with the preferences of consumers seeking vegetarian, vegan, or flexitarian dietary choices. They are perceived as sustainable protein sources and are often favored for their natural, minimally processed qualities compared to traditional snack foods. This trend is driving innovation in product formulations, such as flavored nuts and seed blends, to cater to diverse tastes and dietary requirements.
Furthermore, the convenience factor plays a crucial role in the growth of the packaged nuts and seeds industry. Packaged products offer ready-to-eat solutions that are portion-controlled and easily portable, making them ideal for busy lifestyles. The availability of various packaging formats, including single-serve packs and resealable pouches, further enhances their appeal by maintaining freshness and convenience. In addition, the expansion of online retail channels has made these products more accessible to consumers, driving further market growth by reaching a broader audience beyond traditional brick-and-mortar stores.
Packaged Nuts And Seeds Market Report Highlights
Packaged nuts possess a share of 75.7% in 2023, owing to an increase in innovative packaged nuts flavors and increasing demand for convenient packaged snacks. Moreover, widespread availability through diverse retail channels also contributes to their increasing consumption.
Packaged seeds are expected to witness a CAGR of 7.7% from 2024 to 2030. This can be attributed to innovation in product offerings. Manufacturers are introducing new flavors, blends, and packaging formats to cater to diverse consumer preferences. These innovative products attract consumers looking for variety and novelty in their snacking choices, contributing to market growth.
Raw packaged nuts & seeds possess a share of 64.9% owing to the versatility of their usage. Raw nuts and seeds can be incorporated into a variety of dishes, recipes, and dietary plans, making them versatile ingredients that cater to different culinary preferences and dietary needs.
The roasted nuts & seeds market is anticipated to witness a CAGR of 7.3% over the forecast period. This can be attributed to their enhanced flavor and aroma, extended shelf life, and versatile application in snacking, baking, cooking, and as toppings for dishes.
Europe held a market share of 30.6% in 2023 due to increasing consumer awareness about the health benefits of nuts and seeds and a growing trend towards healthy snacking options.
Asia-Pacific is expected to grow at a CAGR of 8.5% from 2024 to 2030. Busy lifestyles and a growing preference for convenient and nutritious snacks are also fueling the demand for packaged nuts and seeds in the Asia Pacific region.
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