The Nut Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Nut Products Global Market Report 2024, The nut products market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to health and nutrition trends, diverse culinary uses, health awareness and marketing, shift in dietary preferences, research on health benefits, .
The nut products market size is expected to see strong growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to culinary versatility and cultural influence, functional food and ingredient demand, sustainability and ethical consumption, innovative nut-based products, globalization of nut varietie.. Major trends in the forecast period include digital and social media influence, convenience and on-the-go snacks, global culinary fusion, strategic collaborations, sustainability and ethical sourcing..
The rising number of health-conscious people is expected to boost the growth of the nut products market going forward. Health awareness is the knowledge and awareness of health, healthcare, medical needs, diseases, and preventive actions in general. Since there is a growing awareness of health and changing food preferences among consumers, there is a higher demand for nut products to provide many nutrients, antioxidants, and triglycerides. For instance, in May 2022, according to the International Food Information Council’s (IFIC) food and health survey, 52% of Americans said they followed a diet or eating pattern in the past year, which represents an increase. Therefore, the rising number of health-conscious people is driving the growth of the nut products market .
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The nut products market covered in this report is segmented –
1) By Product Type: Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, Nut Flour
2) By Nut Type: Almonds, Hazelnuts, Walnuts, Cashews, Peanuts, Pistachios
3) By Form: Roasted Form, Unroasted Form
4) By Category: Organic, Conventional
5) By Application: Industrial Food Manufacturers, Chocolate Confectionery Products, Bakery Products, Ice Cream and Frozen Desserts, Cereals and Snack Bars, Beverages, Savoury Products, Foodservice & Bakeries, Bakery Shops
Innovative products are a trend gaining popularity in the nut products market. The companies are increasingly focusing on bringing new innovative products into the market. For instance, in August 2022, Beech-Nut Nutrition Company, a Switzerland-based food production company that provides baby food products, launched a New Veggie-Forward Crispeas Snack in a novel snack form for toddlers and older kids. Crispeas are made by using a new format, the peas are converted into puffed pea mini sticks that have a crunchy texture with a savory, delicious flavor. This new snack innovation makes it simpler for parents to include fruits and vegetables in their kids’ diets and it is non-GMO, gluten-free, and grain-free. Crispeas are the latest innovation added to Beech-Nut’s snack portfolio, which also includes melties, mini-waffles with hidden veggies, and fruity oat bars.
The nut products market report table of contents includes:
1. Executive Summary
2. Nut Products Market Characteristics
3. Nut Products Market Trends And Strategies
4. Nut Products Market – Macro Economic Scenario
5. Global Nut Products Market Size and Growth
….
31. Global Nut Products Market Competitive Benchmarking
32. Global Nut Products Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Nut Products Market
34. Nut Products Market Future Outlook and Potential Analysis
35. Appendix
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