USD 55.59 billion
Tree Nuts Market Size, Share, and Growth Analysis
Tree Nuts Market By Product Type (Almonds, Cashews), By Form (Whole, Splits), By Application (Direct Consumption/Culinary Purpose, Bakery & Confectionery), By Distribution Channel (B2B, B2C), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30H2126 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
127
|Figures:
81
Format -
Tree Nuts Market Insights
Tree Nuts Market size was valued at USD 55.59 billion in 2023 and is poised to grow from USD 60.43 billion in 2024 to USD 117.78 billion by 2032, growing at a CAGR of 8.7% 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 well-being and health of an individual can be greatly impacted.
As 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. 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.
US Tree Nuts Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Whole nuts
Fastest Growth
Split nuts
Growth Rate
8.7% CAGR
Global Tree Nuts Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Tree Nuts Market Segments Analysis
Global Tree Nuts Market is segmented by Product Type, Form, Application, Distribution Channel and region. Based on Product Type, the market is segmented into Almonds, Cashews, Walnuts, Pistachios, Hazelnuts, Chestnuts, Brazil Nuts, Macadamia Nuts and Others. Based on Form, the market is segmented into Whole, Splits and Others. Based on Application, the market is segmented into Direct Consumption/Culinary Purpose, Bakery & Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter & Spreads, Dairy Products and Others. Based on Distribution Channel, the market is segmented into B2B and B2C. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Tree Nuts Market Analysis by Product Type
The peanuts sector accounted for the largest portion of the global nuts market in 2022. 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.
Tree Nuts Market Analysis by Distribution Channels
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.
Global Tree Nuts Market Size By Form
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Tree Nuts Market Regional Insights
In 2022, Europe dominated the global market. Furthermore, the market growth is influenced due to the 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 attain 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.
Global Tree Nuts Market Size By Region
- Largest
- Fastest
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Tree Nuts Market Dynamics
Tree Nuts Market Drivers
Paleo diets and healthy eating are becoming more popular to boost the market growth
- 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 due to the increase in consumer awareness for the health benefits of nuts.
- Nuts are employed in a wide range of applications by a wide range of end users, and they are also becoming more common in kitchens. Consuming nuts and seeds benefits the human health in numerous ways, including decreasing blood cholesterol, preventing diabetes and gallstones in both sexes, among other medical uses. In addition, several significant actors consider cosmetics to be an essential component.
Tree Nuts Market Restraints
Climate change to impede the market growth
- Climate change can cause unpredictable and extreme weather patterns, including droughts, floods, and heat waves. These weather patterns can have a major impact on nut production and quality, as nut trees require specific amounts of water, sunlight, and temperature to thrive.
- Climate change can also lead to an increase in pests and diseases that can impact nut trees, such as insects, fungi, and viruses. This can reduce nut yields and quality, and increase production costs due to the need for pest and disease control measures.
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Tree Nuts Market Competitive Landscape
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.
Top Players in Tree Nuts Market
- Olam International Ltd. (Singapore)
- Blue Diamond Growers (USA)
- Diamond Foods, Inc. (USA)
- Mariani Nut Company (USA)
- Select Harvests Limited (Australia)
- Waterford Nut Company (USA)
- Borges Agricultural & Industrial Nuts (Spain)
- Royal Nut Company (Australia)
- Treehouse California Almonds, LLC (USA)
- Kanegrade Ltd. (UK)
- Hines Nut Company (USA)
- Voicevale Ltd. (UK)
- Meridian Foods Limited (UK)
- Wonderful Pistachios & Almonds LLC (USA)
- John B. Sanfilippo & Son, Inc. (USA)
- Sahale Snacks, Inc. (USA)
- Sun Valley Nut, LLC (USA)
- Golden Peanut and Tree Nuts (USA)
- Terri Lynn, Inc. (USA)
- Mount Franklin Foods, LLC (USA)
Recent Developments
- In March 2024, Vestaron Corporation, known for its pioneering work in sustainable crop protection solutions, and Simplot Grower Solutions, a prominent agricultural retailer in North America, have unveiled a distribution agreement set to revolutionize modern agriculture in the United States.
- In October 2023, Bonsai Robotics, a US-based company, disclosed a $10.5 million seed funding round, with Acre Venture Partners leading the investment. Other participants in the round included E14, Congruent, Serra Ventures, Fall Line Capital, SNR Ventures, and Andros. With this seed round, the company's total funding raised reaches $13.5 million.
- In July 2023, Aurea Imaging, a top provider of crop intelligence solutions for fruit growers, introduced TMS TreeScout, the world's premier tractor-mounted sensor designed for precision orchard management. Utilizing AI and 3D computer vision, TMS TreeScout aids farmers in various tasks such as tree scanning, blossom mapping, and vigor scoring of trees.
Tree Nuts Key Market Trends
- Consumer Spending is High on Nuts and Nut 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.
Tree Nuts Market SkyQuest Analysis
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 55.59 billion |
| Market size value in 2032 | USD 117.78 billion |
| Growth Rate | 8.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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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 Tree Nuts 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
- Exhibit: Impact analysis of DROC, 2021
- 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 Tree Nuts 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Tree 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 Tree 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 Tree Nuts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tree 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.
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