Global Nut Ingredients Market

Global Nut Ingredients Market Size, Share, Growth Analysis, By Type(Cashews, Walnuts), By Form(Roasted, Chopped), By Application(Bakery & Confectionery, Snacks & Bars) - Industry Forecast 2024-2031

Report ID: SQSG30I2013 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 98 | Figures: 76

Global Nut Ingredients Market Competitive Landscape

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

  • Olam International
  • Mount Franklin Foods
  • Bazzini
  • Archer Daniels Midland Company
  • Blue Diamond Growers
  • Kerry Group plc
  • Barry Callebaut AG
  • Kanegrade Limited
  • Sensient Technologies Corporation
  • Royal Nut Company
  • Borges Agricultural & Industrial Nuts
  • Treehouse Foods Inc.
  • The Hershey Company
  • John B. Sanfilippo & Son, Inc.
  • The Wonderful Company LLC
  • Golden Peanut and Tree Nuts
  • Tate & Lyle plc
  • Carmit Candy Industries Ltd.
  • KNC Holdings Inc.
  • Pacific Farms Inc.

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.

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FAQs

Nut Ingredients Market size was valued at USD 20.96 billion in 2019 and is poised to grow from USD 22.18 billion in 2023 to USD 23.44 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

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. 'Olam International', 'Mount Franklin Foods', 'Bazzini', 'Archer Daniels Midland Company', 'Blue Diamond Growers', 'Kerry Group plc', 'Barry Callebaut AG', 'Kanegrade Limited', 'Sensient Technologies Corporation', 'Royal Nut Company', 'Borges Agricultural & Industrial Nuts', 'Treehouse Foods Inc.', 'The Hershey Company', 'John B. Sanfilippo & Son, Inc.', 'The Wonderful Company LLC', 'Golden Peanut and Tree Nuts', 'Tate & Lyle plc', 'Carmit Candy Industries Ltd.', 'KNC Holdings Inc.', 'Pacific Farms Inc.'

The global nut ingredients market is being driven by rising demand for ready-to-eat snack foods as well as food convenience. Increasing opportunities in the snack and confectionery industries, as well as the introduction of new nuts such as walnut, almond, peanut, hazelnut, pecan, and others, are driving the market.

Growing Popularity for Snacks on the Go: The rising demand for healthy snack options like snack bars is something that is trending in the nuts as ingredients market. To give consumers healthier snack bar options, a number of cereal and granola snack bar manufacturers have started using nut-based ingredients. 

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.

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