The Business Research Company’s Macadamia Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Macadamia Global Market Report 2023 evaluates macadamia market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global macadamia market is expected to grow from $1.11 billion in 2022 to $1.24 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The macadamia market is expected to reach $1.86 billion in 2027 at a CAGR of 10.6%.
The increasing consumption of nuts and dried fruits is expected to propel the growth of the macadamia market going forward. Nuts and dried fruits encompass a variety of edible plant-based products, including seeds and fruits that have been dehydrated, offering a concentrated source of nutrients, flavors, and textures commonly consumed as a healthy snack or utilized in culinary preparations. Macadamia nuts and dried fruits provide numerous health benefits, including essential nutrients, promoting heart health, aiding in weight management, and contributing to overall well-being. For instance, in May 2023, according to the International Nut and Dried Fruit Council Foundation, a Spain-based not-for-profit organization, global tree nut production increased by 15.2%, reaching over 5.46 million metric tons in season 2020–2021, up from 4.65 million metric tons in 2019–20. Therefore, the increasing consumption of nuts and dried fruits will drive the future macadamia market.
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The macadamia market segments in the report are:
1) By Nature: Organic, Conventional
2) By Form: Raw, Processed, Oil
3) By Distribution Channel: Direct, Indirect
4) By End Use: Residential, Commercial, Industrial, Food Industry, Cosmetic And Personal Care
The table of contents in TBRC’s macadamia market report includes:
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