The Edible Nuts Market to Surpass US$ 191.3 Billion by 2033 Nowadays, consumers worldwide are considering nutrient-rich and healthy foods for maintaining fitness and preventing diseases.
Edible nuts have ascended to culinary stardom, winning favor for their rich content of antioxidants, proteins, and essential vitamins. The surge in popularity, especially for whole nuts, is evident across bakery products, confectionery, and desserts.
Key Market Dynamics:
- Fitness Conscious Consumers: Regular gym-goers and fitness enthusiasts are increasingly embracing nuts for their nutritional benefits, driving demand across various applications.
- Food Service Sector Integration: The food service sector is incorporating nuts into menus to cater to the rising demand for nut-based preparations, expanding the application landscape.
- Digital Transformation: The global shift towards digital platforms has facilitated the rapid expansion of industries. Edible nut manufacturers are leveraging online sales channels, meeting consumer preferences for convenient online purchases.
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Market Insights:
- Market Valuation: The global edible nuts market is projected to reach approximately $191.3 billion by 2033, with an anticipated CAGR of 7.9% from 2023 to 2033.
- Regional Contributions:
- North America: The United States is set to lead regional market expansion.
- Europe: Germany, a leading cashew nut importer, is poised for significant market performance.
- Asia Pacific: India, with cultural significance attached to nut consumption, is expected to outperform other markets.
Online Sales Channel Trend:
- Digital Promotion: Manufacturers are increasingly promoting and selling edible nuts through online channels, capitalizing on the convenience preferred by consumers.
- Consumer Shift: Growing internet usage has fueled consumer preference for online nut purchases, encouraging manufacturers to strengthen their positions in online sales channels.
Key Takeaways:
- Nutritional Appeal: Edible nuts are sought after for their nutritional richness, comprising antioxidants, proteins, and essential vitamins.
- Fitness & Wellness: Fitness-conscious consumers are turning to nuts as a healthy snack, aligning with their fitness and wellness goals.
- Culinary Integration: Nuts have become integral across bakery, confectionery, and dessert products, contributing to their widespread culinary application.
“Owing to rising internet penetration worldwide, it is likely that more consumers will get to know about the health benefits of edible nuts. As a result, thousands of consumers are expected to start incorporating nuts into their daily diets from 2023 to 2033.” – Nandini Roy Choudhury, Client Partner at Future Market Insights
Who is winning?
Several top manufacturers of edible nuts are focused on offering edible nuts at affordable prices. Different companies are leveraging integrated production approaches to ensure the availability of cost-effective edible nuts products. The ultimate objective of leading players is to expand their production capacities and establishing themselves as forces to be reckoned with.
Archer Daniels Midland Company, Diamond Foods, Inc., Olam International Ltd, Blue Diamond Growers, Mariani Nut Company, Select Harvests Limited, Durak Findik, Grower Direct Nut Co. Ltd, Sun-Maid Growers of California, Hines Nut Company, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts, The Wonderful Company LLC, Germack Pistachio Company, Nichols Farms and Setton Pistachio of Terra Bella are among the leading companies in the worldwide market for edible nuts.
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Edible Nuts Market by Category
By Product Type:
- Cashews
- Almonds
- Pistachios
- Peanuts
- Chestnuts
By Nature:
- Organic
- Conventional
By Form:
- Whole
- Plain
- Roasted
- Salted
- Powder
- Splits
By End-Use:
- Food service industry
- Household
By Distribution Channel:
- Store-Based Retailing
- Hypermarkets /Supermarket
- Convenience Stores
- Specialty Stores
- Online Retail
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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