World Tree Nuts Market Top Key Players Analysis 2018 – 2022 | Diamond Foods, Mariani Nut Company, Blue Diamond Growers and Select Harvests | Asserts MRFR

Market Overview:
Tree nuts are dry, edible seeds with high-fat content. Tree nuts are employed in a wide variety of palatable roles such as foods and flavoring since times immemorial. The global market for tree nuts is projected to reach 15,856.49 kilotons at a CAGR of 3.46% by the end of forecast period of 2022.

Traditional popularity and growing awareness about nutrition and increasing packaging foods sales are expected to drive a significant demand. Growing awareness about nutrition, traditional culinary reputation, and growing packaged snacks industry are the prime drivers of the market. Tree nuts being a rich source of fatty acids such as omega-3, palmitoleic acids, manganese, potassium, calcium, iron and a host of phyto-vitamins including a B-complex group of vitamins and carotenes. Developments and innovations in foods such as confectionary, the rich taste, and flavor afforded by nuts, growth in cultivation and international trade are other drivers of the market.

Dominant Players:
Prominent players of  the tree nuts market are Archer Daniels Midland (U.S.), Blue Diamond Growers (U.S.), Olam International (Singapore), Select Harvests (Australia), Diamond Foods, Inc. (U.S.), Mariani Nut Company (U.S.), GNC Global Nut Company AG (Switzerland), and WaterFord Nut Company (U.S.) and others.

The Growing Application Expanse Owing To Industrial Use Is Accounting For The significant Market Growth

The by-products of nuts are of industrial and agricultural uses such as animal feed, as a stock for the production of paint and varnish, textile fibers, plastics, and lubricating oil. Thus application expanse is expected to drive the market.

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Growing Snacks and Packaged Food Market and Rising Nutrition Awareness Is Expected To Result In A Significant Demand

Psychographic factors such as increasing awareness about supplementary nutrition and creative advertisement coupled with attractive packaging have resulted in market growth.

The increasing popularity of convenience foods, coupled with product development such as the inclusion of appealing ingredients, and specially designed flavors have resulted in market expanse. Commercial drivers such as the development of global supply chains, booming retail sector, efficient supply chain, and creative marketing strategies, are driving the market.

Allergies, contamination by fungus and increasing stringency of regulatory standards represents the prime market restraint

A small proportion of population experience allergic reactions to certain nuts. For example, almost 0.5 % of the United States population is allergic to peanuts. Contamination by the mold Aspergillus flavus is another firm restraint.

Rising stringency of labeling, and safety regulatory standards such as the European standards which are more stringent than the UNECE standards, is another market restraint. The growing list of parameters employed in standards such as moisture content, preservatives, and content, and quality class has compounded the market barriers.

Segments:
To generate a detailed understanding of the global tree nuts market market, the report is segmented by product type, form, application, end users, and regions.

Based on product type, the market is segmented into almonds, hazelnuts, cashew nuts, pistachios, walnuts, peanuts, macadamia, Brazil nuts and others. The peanuts dominate the global tree nuts market by product type with a comfortable margin followed by cashew nuts and almonds. The growing demand for almonds, macadamia nuts Brazil nuts, hazelnuts, and dried prunes are accounting for a significant part of the growth rate for global tree nuts market.

Cashew Nuts is expected to generate the fastest growth rate of 5.52% with a potential to grow to more than 4,500-kilo tons by the end of review period.

Based on form, the market is segmented into a whole, roasted, powder, splits, and others. The whole and roasted segment dominate the global tree nuts market by form.

Based on applications, the market is segmented into direct consumption/culinary purpose, bakery and confectionery, breakfast cereals, snacks, flavored drinks, butter and spread, dairy products, and others. The snacks segment dominate the global tree nuts market by applications followed by breakfast cereals. The bakery and confectionery segment is expected to dominate with a market share of 32.08 %. Flavored drinks segment is expected to drive the fastest growth at 3.96% while direct consumption/culinary is projected to grow at a CAGR of 3.83% during the forecast period.

Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.

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Regional Analysis:
Asia-Pacific region led by China, Japan and India are expected to account for the most significant share of the nuts tree market on account of traditional popularity, absolute geographical advantage, and large population. Asia Pacific accounts for more than 55 % of the market share which is projected to reach more than 8,000-kilotons at a CAGR of 3.45 % by 2022. Europe led by Netherlands, Germany, France and the UK account for almost 45 % of total world imports of tree nuts which are expected to grow at a rate of 8.9 %. The growing confectionary industry of Europe is a leading cause of the growth in this market.

North America led by the U.S. accounts for the third most significant share of the market with California being the leading producer of almonds in the world. North America region is expected to witness a 2.77 % growth in the nuts tree market with a higher 5.58 % growth expected in South America. The Middle East and Africa are dominated by the economic Gulf regions of Saudi Arabia, UAE and others.

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