Global Macadamia Nut Market

Macadamia Nut Market Size, Share, Growth Analysis, By Processing(Conventional, and Organic), By Product(Raw, Roasted, and Coated), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2377 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 62 |Figures: 75

Macadamia Nut Market Insights

Global Macadamia Nut Market size was valued at USD 1.45 Billion in 2022 and is poised to grow from USD 1.61 Billion in 2023 to USD 3.62 Billion by 2031, growing at a CAGR of 10.7% during the forecast period (2024-2031).

As a result of the growing popularity of nuts being used as a versatile and nutritious culinary ingredient, the global macadamia nut has seen an explosive and consistent growth in recent years. The unique creamy flavor, crunchy texture, and additional nutritional value of macadamia nuts is what is driving its appeal in the consumer base. These nuts are a great addition to ingredients that improve the health of the heart and general wellbeing of the consumer as it is a rich source of monounsaturated fats, anti-oxidants, vitamins, and minerals.

Australia, Kenya, South Africa, and the United States are considered the primary macadamia nut producing regions. Australia is one of the top exporters of this specific kind of nut, and Hawaii and California in the US are some of the most important producers of the macadamia nut. These nuts can either be consumed raw, or used as an ingredient in making sweet or savory items or in baking.

The demand for high-end snack alternatives such as macadamia nuts have increased with the rise in health consciousness followed by the shifting consumer preferences towards natural, delicious, and nutritious snacks. Their high nutritional value has skyrocketed their popularity in recent times as plant-based diets are trending. Apart from the constant shift in market supply in demand, the market can also be affected by the weather which has a direct impact on crop yields, posing issues for market growth.

In order to fulfill the growing demand, efforts are being made to boost production, enhance processing methods, and broaden growing zones. The macadamia nut market is expected to expand in coming years as health-conscious customers seek out delicious and wholesome snack options. This is due to the macadamia nut's growing reputation as a nourishing and delicious component.

Market Snapshot - 2024-2031

Global Market Size

USD 1.45 Billion

Largest Segment

Conventional

Fastest Growth

Organic

Growth Rate

10.7% CAGR

Global Macadamia Nut Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Macadamia Nut Market Segmental Analysis

Based on Processing the market is segmented as, Conventional, Organic. Based on Product the market is segmented as, Raw, Roasted, Coated. Based on Distribution Channel the market is segmented as, Online, Offline. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Analysis By Processing

The "Conventional" processing sector currently controls the global macadamia nut market. Due to their familiarity and long-standing norms, traditional processing techniques have historically been widely embraced in the macadamia nut sector. To increase yields and safeguard crops, these techniques entail common farming techniques, such as the application of synthetic fertilizers and pesticides.

However, the "Organic" processing area is quickly becoming the macadamia nut market's quickest-developing section. Consumer attitudes are changing in favor of organic products as environmental and medical concerns become more widely known. Without the use of synthetic chemicals, organic macadamia nuts are grown with sustainable techniques that support soil health and biodiversity. This is in line with the rising desire for solutions that are healthier and more eco-friendly.

Analysis By Product

Based on product type, the macadamia nut market can be segmented into three categories, namely raw, roasted, and coated macadamia nuts. Roasted macadamia nuts dominate the global market for macadamia nuts due to their increased flavor, crispy texture, and versatility in cooking recipes. Roasting of macadamia nuts brings out the flavors of the natural oils in the snack, making it a popular choice as a snack and a cooking ingredient due to its intense flavor.

However, recently, the coated macadamia nuts segment is rapidly developing as the fastest growing market segment. The flavors and textures of the raw macadamia nut can be accentuated and modernized with a coating depending on the variety of consumer tastes. Indulgent coatings like chocolate, caramel, and more elevates the status of the nit to a premium snack, thus opening up a whole different marketing avenue. The explosive growth of this segment is owed to the consumer’s demand for unique and delicious snacking options which are also natural and nutritious.

Global Macadamia Nut Market By Processing , 2023 (%)

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Macadamia Nut Market Regional Insights

Presently, the Asia-Pacific region is the dominant selling region for macadamia nuts, with Australia being its primary supplier. Thanks to its excellent agricultural environment and expansive farming terrains, Australia monopolizes the macadamia nut producing industry. The region’s developed nut processing and shipping network only raises its place in the global macadamia nut market. The growing knowledge of the nutritional value and cuisine adaptability of macadamia nuts has fueled its demand in the Asia-Pacific region.

Coming closely behind Asia, North America holds the second largest market share in the global macadamia nut market. Since American customers lean toward healthier snacking options, the US makes a huge contribution to the market revenue. The healthy benefits of the macadamia nut coupled with its distinct flavors have spread its demand in North America where there is a growing need for practical and yet delicious meals. In this region the trend of adding nuts to any food, whether it be a salad or baked item, has further pushed the demand for macadamia nuts in North America. This region’s macadamia nut industry continues to expand and contribute largely to the international market.

Global Macadamia Nut Market By Region, 2024-2031
  • Largest
  • Fastest

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Macadamia Nut Market Dynamics

Drivers

Health Conscious Consumer Trend:

  • As the globe concentrates on health and wellness, the demand for nutritious foods like macadamia nuts has also grown. Consumers who are opting for organic and wholesome snacks that are rich in beneficial fats, vitamins, and minerals are actively switching to macadamia nuts.

Diverse Culinary Applications:

  • Macadamia nuts can be used in a wide array of culinary recipes, including baking, frying, and garnishing, which has expanded its market share. The nuts' unique buttery flavor and crunchy feel portray them as a popular addition to a variety of meals.

Restraints

Supply Constraints:

  • Only a select number of regions have the required weather conditions and landscape to grow macadamia nuts, which can pose a potential supply problem. Supply disruptions can arise as a result of bad weather, pests, and diseases, which can result in price fluctuations.

High Production Costs:

  • The nature of macadamia nuts’ cultivation and processing is highly resource-intensive in comparison to some other nuts, resulting in higher costs than its potential competition. For some clientele, the higher costs may have an impact on pricing, accessibility, and eventually profitability.

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Macadamia Nut Market Competitive Landscape

The macadamia nut market’s competitive scene is made up of a mix of industry leaders and rising rivals who are new to the industry. These players strive for securing a piece of the expanding market and retain their position with growth opportunities. Some of the top sellers and producers of the macadamia nut market include Mauna Loa Macadamia Nut Corporation, Green Farms Nut Company, Marquis Macadamias, and Marquis Macadamias. These industry giants are able to provide both local and international consumers with quality products thanks to their extensive industry knowledge, widespread and well-maintained supply chains, and health brand awareness.

Top Player’s Company Profile

  • Marquis Macadamias
  • Macadamia Processing Company
  • Green Farms Nut Company
  • Royal Macadamia (Pty) Ltd.
  • Suncoast Gold Macadamias
  • Mauna Loa Macadamia Nut Corporation
  • C-Mac Nuts
  • Buderim Group Limited
  • Nambucca Macnuts Pty Ltd.
  • Hamakua Macadamia Nut Company
  • Macadamia Farmers of Australia
  • Kenya Nut Company
  • Ivory Macadamias
  • Wondaree Macadamias
  • Golden Macadamias
  • Macadamia Castle
  • MacFarms LLC
  • Macadamia Nut Company
  • Eastern Produce Australia
  • Macadamia SA

Recent Developments

  • One of the world's largest tree nut processing and marketing companies called Blue Diamond Growers, announced their brand-new line of macadamia nut butters’ upcoming launch in January 2023.
  • In February 2023, NOW Foods, a family-owned US company manufacturing and selling vitamins and biologically active supplements, released a new line of macadamia nut oil supplements.
  • In March 2023, Bob's Red Mill, an American brand of whole-grain foods, debuted a new line of macadamia nut flour products.

Macadamia Nut Key Market Trends

  • Health and Wellness Demand: As the global population moves towards healthier eating and snacking practices, the demand for nutritious foods, including macadamia nuts, has risen. Macadamia nuts are chock full of monounsaturated fats and other healthy elements, thus increasing their appeal in the eyes of consumers looking for healthier alternatives.
  • Premiumization and Gourmet Snacking: Macadamia nuts are generally referred to as premium nits due to their high nutritional value, distinct flavor, and usage versatility. Macadamia nuts fit perfectly with the ongoing trend of gourmet snacking where consumers now want to divulge in superior and premium products.

Macadamia Nut Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global macadamia nut market analysis, the rising consumer awareness of health benefits and demand for premium snacking options are the key growth drivers. The market spans various regions, with Australia and Hawaii leading as significant producers. Segmented into raw, roasted, and coated nuts, the market caters to diverse taste preferences. Health-conscious consumers are fueling demand due to macadamia nuts' high monounsaturated fats content, while the trend toward gourmet and innovative flavors is driving the popularity of coated varieties. Moreover, sustainable sourcing and eco-friendly practices align with consumers' ethical considerations. As a result, the macadamia nut market is witnessing global expansion, with Asia-Pacific, North America, and Europe as prominent regions, as manufacturers capitalize on these drivers to cater to evolving consumer preferences.

Report Metric Details
Market size value in 2023 USD 1.45 Billion
Market size value in 2031 USD 3.62 Billion
Growth Rate 10.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Processing
    • Conventional, and Organic
  • Product
    • Raw, Roasted, and Coated
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
  • Marquis Macadamias
  • Macadamia Processing Company
  • Green Farms Nut Company
  • Royal Macadamia (Pty) Ltd.
  • Suncoast Gold Macadamias
  • Mauna Loa Macadamia Nut Corporation
  • C-Mac Nuts
  • Buderim Group Limited
  • Nambucca Macnuts Pty Ltd.
  • Hamakua Macadamia Nut Company
  • Macadamia Farmers of Australia
  • Kenya Nut Company
  • Ivory Macadamias
  • Wondaree Macadamias
  • Golden Macadamias
  • Macadamia Castle
  • MacFarms LLC
  • Macadamia Nut Company
  • Eastern Produce Australia
  • Macadamia SA
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Macadamia Nut Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Macadamia Nut Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Macadamia Nut 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 Macadamia Nut 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 Macadamia Nut Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Macadamia Nut 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.

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FAQs

Macadamia Nut Market size was valued at USD 1.45 Billion in 2022 and is poised to grow from USD 1.61 Billion in 2023 to USD 3.62 Billion by 2031, growing at a CAGR of 10.7% during the forecast period (2024-2031).

The macadamia nut market’s competitive scene is made up of a mix of industry leaders and rising rivals who are new to the industry. These players strive for securing a piece of the expanding market and retain their position with growth opportunities. Some of the top sellers and producers of the macadamia nut market include Mauna Loa Macadamia Nut Corporation, Green Farms Nut Company, Marquis Macadamias, and Marquis Macadamias. These industry giants are able to provide both local and international consumers with quality products thanks to their extensive industry knowledge, widespread and well-maintained supply chains, and health brand awareness. 'Marquis Macadamias', 'Macadamia Processing Company', 'Green Farms Nut Company', 'Royal Macadamia (Pty) Ltd.', 'Suncoast Gold Macadamias', 'Mauna Loa Macadamia Nut Corporation', 'C-Mac Nuts', 'Buderim Group Limited', 'Nambucca Macnuts Pty Ltd.', 'Hamakua Macadamia Nut Company', 'Macadamia Farmers of Australia', 'Kenya Nut Company', 'Ivory Macadamias', 'Wondaree Macadamias', 'Golden Macadamias', 'Macadamia Castle', 'MacFarms LLC', 'Macadamia Nut Company', 'Eastern Produce Australia', 'Macadamia SA'

As the globe concentrates on health and wellness, the demand for nutritious foods like macadamia nuts has also grown. Consumers who are opting for organic and wholesome snacks that are rich in beneficial fats, vitamins, and minerals are actively switching to macadamia nuts.

Health and Wellness Demand: As the population moves towards healthier eating and snacking practices, the demand for nutritious foods, including macadamia nuts, has risen. Macadamia nuts are chock full of monounsaturated fats and other healthy elements, thus increasing their appeal in the eyes of consumers looking for healthier alternatives.

Presently, the Asia-Pacific region is the dominant selling region for macadamia nuts, with Australia being its primary supplier. Thanks to its excellent agricultural environment and expansive farming terrains, Australia monopolizes the macadamia nut producing industry. The region’s developed nut processing and shipping network only raises its place in the macadamia nut market. The growing knowledge of the nutritional value and cuisine adaptability of macadamia nuts has fueled its demand in the Asia-Pacific region.

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Global Macadamia Nut Market

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