USD 20.96 billion
Report ID: SQSG30I2013 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 98 | Figures: 76
Nut Ingredients Market size was valued at USD 20.96 billion in 2021 and is poised to grow from USD 22.18 billion in 2022 to USD 23.44 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).
Nuts are oily kernels found within the fruit's shell that are used in a wide variety of food products around the world. Seeds are typically taken from different fruits that do not have an outer layer, such as hazelnuts, chestnuts, and others, and are sourced from the fruit's compound ovary. Hazelnuts, almonds, cashews, walnuts, pecans, peanuts, pine nuts, soy nuts, sunflower nuts, and other nuts are among the ingredients.
Nut ingredients are an important source of nutrients for consumers because they provide both flavour and health benefits. Many manufacturers are introducing new product innovations containing almonds, in addition to cashew nuts, peanuts, hazelnuts, and walnuts. Bakery products, snacks & bars, beverages, cereals, confectioneries, desserts, and dairy products are among the food categories that use nut ingredients.
A growing emphasis on preventive health care and the emergence of healthier products has driven the global market. Cold chain logistics and technological developments have also boosted global nut ingredient trade. To help the market grow, various associations and organisations promote export, research, education, and customer public service announcements.
US Nut Ingredients Market Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 20.96 billion
To get more reports on the above market click here to Buy The Report
Global nut ingredients market is segmented on the basis of type, application, form and region. The Nut Ingredients market is segmented on the basis of type such as Cashews, Walnuts, Almonds, Hazelnuts, and Others. On the basis of form the market is segmented into roasted, chopped, raw, powdered, and others. On the basis of application, the market is segmented into bakery & confectionery, snacks & bars, desserts, cereals, dairy products, beverages, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Nut Ingredients Market Analysis by Type
In 2022, almonds segment has dominated the global nut ingredients market. Because of their high mineral and vitamin content, almonds are a versatile and healthy food that can be used in a variety of cuisine applications. The growing number of almond-based product launches by prominent food and beverage companies is fuelling the growth of the almond ingredients segment.
Furthermore, one of the most threatening allergic reactions caused by almonds is anaphylactic shock. Consumers' increasing preference for plant-based and gluten-free products, as well as organisations and associations promoting the nut ingredient industry, are driving demand for almond components.
To get detailed analysis on other segments, Request For Sample Report
North America held the largest global nut ingredients market share, followed by Europe and Asia Pacific. Over the forecast period, India and China are expected to be emerging markets in the global market. The growing snacking and confectionery industries, as well as the demand for convenient and on-the-go snack foods, have fuelled the growth of the global nut ingredients market, which is expected to significantly increase the market's revenue contribution over the forecast period.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Nut Ingredients Market Drivers
Nut Ingredients Market Restraint
Price Volatility to Impact the Market Growth
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The nuts ingredients market is growing. As a result, there are numerous opportunities for major players in the nut ingredients market. By incorporating nut ingredients in a variety of recipes, manufacturers are focusing on providing healthier as well as tastier products. The demand for nut ingredients from the snack industry is rising, which has encouraged the nut ingredient producers to expand their product line. Companies are introducing roasted versions of various nut-based products, that is expected to be a key growing trend in the global market.
Nut Ingredients Market Top Players Company Profiles
Nut Ingredients Market Recent Development
In June 2022, McCann's campaign helped Britannia introduce the Good Day Harmony. With all eyes on her Good Day Harmony Pack, the TVC showed a girl biting into a cookie, the nutty aroma luring a scurry of squirrels to follow her around. This campaign has helped the company for a successful launch of the product.
In May 2022, VKC Nuts launches pasteurised dried fruits under brand name Nutraj. Nutraj Bactopure claims that its products are 99.99% free of bacteria and other pathogens, which is made possible by advances in space science and technology.
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 the Global Nut Ingredients Market analysis, the market for tastier and healthier food additives is expanding quickly. Global nut ingredient market is being driven by the rising consumer demand for inventive, convenient, and healthy food as well as the rising demand for healthier snacks. Other factors propelling the global nut ingredients markets include the rising demand for ready-to-cook food and the tendency of the expanding working population to replace regular meals with healthier snacks.
|Market size value in 2021||USD 20.96 billion|
|Market size value in 2030||USD 22.18 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Nut Ingredients 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 Global Nut Ingredients 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Nut Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Nut Ingredients 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.