USD 59.7 billion
Report ID:
SQMIG30I2147 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
144
|Figures:
80
Global Nuts Market size was valued at USD 59.7 billion in 2023 and is poised to grow from USD 63.34 billion in 2024 to USD 101.72 billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
Due to increased consumer awareness of the need to maintain a healthy lifestyle, people are including fruits and nuts into their diets, increasing their water intake, and adopting other healthy eating practices. The wellbeing and health of an individual can be greatly impacted by these seemingly little practises. The World Health Organization (WHO) advises adults to include nuts in their diets because of their health benefits, and as a result, consumers are realising the value of this nutritious food, which is causing the global market to expand. To draw in lots of health-conscious customers, businesses in the market are starting to practise organic farming. Global nut cultivation is also expected to rise in the next few years due to the growing use of raw nuts, nutmeals, and blends in snacks like trail mixes. For instance, starting in January 2023, the new Nut milk line of chocolate will be vegan, gluten-free, dairy-free, and contain 30% less sugar than conventional milk chocolate. Despite being a healthy snack option, the high calorie and fat content of nuts, which is to blame for the rise in obesity, is one of the main obstacles to the global nuts market expansion. Additionally, it is predicted that the market expansion will be further hampered by the prevalence of nut allergies among a particular population segment.
Market snapshot - 2025-2032
Global Market Size
USD 59.7 billion
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
6.1% CAGR
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Global Nuts Market is segmented by Nut Type, Product Type, Quality, Category, Distribution Channel, End-User Industry and region. Based on Nut Type, the market is segmented into Peanut, Almond, Walnut, Cashew, Hazelnut, Pistachio, Brazil Nuts, Chestnut, Pecan, Macadamia Nuts and Pine Nuts. Based on Product Type, the market is segmented into Shelled Nut, Powder, Processed Nuts, Nut Butters, Splits (Slice or Dice), Paste and Others. Based on Quality, the market is segmented into Standard and Premium/Specially. Based on Category, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Retail Sales, Supermarkets/Hypermarkets, Conventional Stores, Food and Drink Specialty Stores, Traditional Grocery Stores, Franchise Outlets and Online Retail. Based on End-User Industry, the market is segmented into Food Processing, Bakery and Confectionery, Breakfast Solutions, Bars and Snacks, Butter and Spreads, Dairy and Desserts, Beverages Processing, Food Service and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The peanuts sector accounted for the largest portion of the global nuts market in 2021. The market is expected to grow during the forecast period due to the rising popularity of products including cashews, walnuts, and almonds. Also, as consumer health concerns rise, there is a greater need for low-carb foods to prevent consumers from health difficulties, which will further fuel market expansion throughout the projection period.
The hazelnuts segment is anticipated to grow at the fastest CAGR. The availability of hazelnuts to customers through retail channels as a handy, calorie-dense meal is what is fuelling the market expansion. Also, a sizable industrial need has been generated by the rising popularity and demand for nuts due to their abundance in antioxidants and good fats.
The offline segment dominated the global market. People prefer to buy consumer goods, groceries, food items, and nuts offline so they can inspect the things in person and determine their quality. In addition, the segment growth over the previous few years is probably being driven by how easily different nuts goods are accessible and found in stores.
The online segment is expected to grow at the fastest CAGR. A large number of these products' providers have products available on their websites as well as on e-commerce sites like Amazon, which have predicted the market expansion over the forecast period. Also, the increasing adoption of the e-commerce sector for the purchase of consumer goods and food products due to the rate of internet penetration is the primary reason fuelling the market growth.
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In 2021, Europe dominated the global market. Furthermore, the market growth will be aided by quick changes in consumer lifestyles as they become more concerned with their health and wellness. Due to the excellent nutritional value and low carb content of nut products, the market for almond, walnut, and cashew products is expected to rise in Germany and the United Kingdom.
The market in Asia Pacific is expected to grow at the fastest CAGR. A large customer base for nuts including almonds, peanuts, cashews, and walnuts exists in China, India, and Japan, which will fuel regional demand. Consumers' growing concern with their health is accelerating the market expansion in the coming years.
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Paleo diets and healthy eating are becoming more popular
Rise in demand across a range of end-user industries
Climate change
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The global nuts market is highly competitive, with numerous players operating at both regional and global levels. These companies compete on the basis of various factors, such as price, quality, packaging, and innovation. They also focus on expanding their market presence through strategic partnerships, collaborations, and mergers & acquisitions. In addition to these established players, there are also numerous smaller players that operate in specific regions or specialize in niche products. These companies often compete on the basis of product differentiation, quality, and price. Overall, the global nuts market is highly competitive, and the key players are constantly striving to maintain their market position through various strategies.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global nuts market analysis, the market growth is driven by a number of factors including changing consumer preferences, health and wellness trends, and increasing global demand for plant-based proteins. While the industry is highly competitive, with a large number of players operating in both local and global markets. One of the most significant trends in the global market is the growing demand for healthy snack options. Nuts are a rich source of plant-based protein, making them a key component of vegetarian and vegan diets. As more consumers adopt these diets or seek to reduce their meat consumption, demand for nuts is expected to increase. Consumers are increasingly concerned about the environmental impact of food production. The global market is expected to continue to grow in the coming years, driven by changing consumer preferences and a rising global population.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 59.7 billion |
Market size value in 2032 | USD 101.72 billion |
Growth Rate | 6.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Nuts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nuts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nuts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Nuts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Nuts Market size was valued at USD 56.59 Billion in 2023 and is poised to grow from USD 59.2 Billion in 2024 to USD 84.83 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).
The global nuts market is highly competitive, with numerous players operating at both regional and global levels. These companies compete on the basis of various factors, such as price, quality, packaging, and innovation. They also focus on expanding their market presence through strategic partnerships, collaborations, and mergers & acquisitions. In addition to these established players, there are also numerous smaller players that operate in specific regions or specialize in niche products. These companies often compete on the basis of product differentiation, quality, and price. Overall, the global nuts market is highly competitive, and the key players are constantly striving to maintain their market position through various strategies. 'Olam International (Singapore)', 'Archer Daniels Midland Company (United States)', 'Barry Callebaut (Switzerland)', 'Blue Diamond Growers (United States)', 'Cargill, Inc. (United States)', 'Diamond Foods (United States)', 'Ferrero Group (Italy)', 'Golden Peanut and Tree Nuts (United States)', 'John B. Sanfilippo & Son, Inc. (United States)', 'Kraft Heinz Company (United States)', 'Mariani Nut Company (United States)', 'MondelÄz International (United States)', 'Nestlé S.A. (Switzerland)', 'Nutiva (United States)', 'Olam Edible Nuts (United States)', 'PepsiCo, Inc. (United States)', 'Royal Nut Company (Australia)', 'The Hershey Company (United States)', 'The J.M. Smucker Company (United States)', 'Treehouse Foods, Inc. (United States)', 'Tyson Foods, Inc. (United States)', 'Wm. Wrigley Jr. Company (United States)'
Increasing paleo diets, vegan food trends, and other healthy eating trends are significant drivers driving the nut market's explosive expansion globally. Because of their high levels of protein, good fats, and carbs, nuts play a significant role in these diets. The global industry has therefore been driven in recent years by rising consumer knowledge of the health benefits of nuts. A broader audience has recently been the objective for nut producers as a result of the younger generation's inclination for natural and organic products.
Many premium nuts, such as macadamia nuts, cashews, and pistachios, are rich in nutrients like protein, fiber, and healthy fats. Consumers are willing to pay more for these nuts because they see them as a healthy snack option that can support their overall health and well-being. Premium nuts are often prized for their unique taste and texture. For example, macadamia nuts are known for their buttery flavour, while pistachios are appreciated for their crunchiness. Consumers are willing to pay more for these nuts because they offer a more satisfying snacking experience.
In 2021, Europe dominated the global market. Furthermore, the market growth will be aided by quick changes in consumer lifestyles as they become more concerned with their health and wellness. Due to the excellent nutritional value and low carb content of nut products, the market for almond, walnut, and cashew products is expected to rise in Germany and the United Kingdom.
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