The nuts market is estimated to be valued at USD 64,272.60 million in 2024. The industry is projected to grow at a CAGR of 5% through 2034, reaching an estimated valuation of USD 104,693.30 million by that year.
Consumers are increasingly looking for healthy, nutritious food options, and growing awareness of the health benefits of nuts is fueling market growth. Nuts are often recommended for patients with cardiovascular disorders and diabetes to help manage their conditions more effectively.
The trend of on-the-go snacking is driving increased consumption of nuts, which are viewed as portable and healthy snacks. Their inclusion in various dishes—such as trail mixes, salads, and baked goods—further boosts sales, as nuts enhance both flavor and nutritional value across different applications.
Busy lifestyles have made nuts a popular choice, as they are rich in minerals, vitamins, and antioxidants, meeting individuals’ dietary needs. Additionally, rising disposable incomes are positively impacting nut sales, with consumers increasingly willing to spend on healthier and premium food options.
The growing availability of nuts through both eCommerce platforms and physical stores is another key factor propelling market growth. Major brands offer nuts in various forms, including chopped, whole, nut butter, and ground varieties. The demand for diverse nut options is also rising, fueled by the growing popularity of plant-based diets, with vegans and vegetarians turning to nuts to boost their protein intake.
Key Takeaways from the Nuts Market Report:
- The Italy nuts market is projected to expand at a CAGR of 5.4% through 2034.
- The markets in Spain and Germany are anticipated to register CAGRs of 4.9% and 4%, respectively, through 2034.
- The United States market is forecasted to rise at a CAGR of 3.6% through 2034.
- The China nuts market is projected to expand at a CAGR of 2.9% over the forecast period.
- Peanuts, as per the latest estimates, is forecasted to acquire a share of 28% in 2024.
- The food processing segment is expected to obtain a share of 32% in 2024.
Top Tactics Adopted by Market Players to Gain Higher Profits:
Key players are positioning themselves for higher growth by providing high-quality nuts at competitive prices. Additionally, they are working on research and development activities and following strict quality measures to level up their offerings. Additionally, players are focusing on customer service and loyalty programs to retain their present customers.
Marketing campaigns to promote nut offerings are further expected to push market growth. Players are launching new flavor combinations to expand their market reach.
Recent Developments in the Nuts Market:
- In September 2023, John B. Sanfilippo & Son, Inc. acquired snack bar assets from Treehouse Foods for US$ 63 million. Since snacking is projected to dominate American diets, the business is projected to thrive over the next decade.
- In June 2021, The Kraft Heinz Company revealed that it had sold its nuts business to Hormel Foods Corporation for a total of US$ 3.35 billion.
Key Players Operating in the Nuts Market:
- Diamond Foods, Inc.
- John B. Sanfilippo and Son
- Kraft Foods Inc.
- Olam International Ltd
- Borges Agricultural and Industrial Nuts
- Hines Nut Company
- Mariani Nut Company
- WeAreBio
- Germack Pistachio Company
- Hampton Farms, Inc.
- Star Snacks Co., LLC
- Fresh Nuts GmbH
- Tropical Foods
- Durak Findik
- Grower Direct Nut Co. Ltd.
- Others
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
Key Segments in the Global Nuts Market
By Nut Type:
- Peanut
- Almond
- Walnut
- Cashew
- Hazelnut
- Pistachio
- Brazil Nuts
- Chestnut
- Pecan
- Macadamia Nuts
- Pine Nuts
By Product Type:
- Shelled Nut
- Powder
- Splits (Slice or Dice)
- Paste
By End-use/End-use Industry:
- Food Processing
- Bakery and Confectionery
- Breakfast Solutions
- Bars and Snacks
- Butter and Spreads
- Dairy and Desserts
- Beverages Processing
- Food Service/HoReCa (hotels, restaurants, café)
By Distribution Channel:
- Retail Sales
- Supermarkets/Hypermarkets
- Conventional Stores
- Food and Drink Specialty Stores
- Traditional Grocery Stores
- Franchise Outlets
- Online Retail
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
