Is Nut Ingredients Market Insights Worth [$] To You? With Competitors Analysis, Consumption, Revenue Growth and Forecast 2024 | ADM, Olam, Kanegrade, Bredabest, Barry Callebaut Schweiz, Intersnack, Borges, CG Hacking & Sons, Besanaworld, Voicevale

Nut Ingredients Market 2019 - Outlook By Size, Production, Consumption and Growth Till 2024

Nut ingredients are widely used in the food industry to enhance the taste and value to the foods such as confectioneries, dairy, bakery, snacks & bars, desserts, cereals, beverages, and others.

Rising consumer demand for health-based foods and innovative food products are driving the market for nut ingredients. Various associations & organizations held by the government to encourage the consumption of nut products along with the technological advancements have encouraged the nut ingredient manufacturers to adopt the business.

Nut ingredients analyzed in the report includes main types of nuts such as peanuts, almonds, hazelnuts, walnuts, cashews and others like artificial nuts, beechnuts, chestnuts, and chinquapin nuts. Application market is segmented into Confectioneries, Dairy products, Bakery products, Snacks & Bars, Desserts, Cereals, Beverages and Others (salads & sauces).

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Major Players in the Nut Ingredients Market:

Some of the major players in the chocolate market include ADM, Olam, Kanegrade, Bredabest, Barry Callebaut Schweiz, Intersnack, Borges, CG Hacking & Sons, Besanaworld, Voicevale

The worldwide market for Nut Ingredients is expected to grow at a CAGR of roughly xx% over the next few years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new WMR study.

This report focuses on the Nut Ingredients in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Browse 200 market data tables* and 90 figures* on ""Nut Ingredients" - Global forecast to 2024.

Key Trends and Analysis of Chocolate Market:

• The worldwide market for Nut Ingredients is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new WMR study. This report focuses on the Nut Ingredients in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

• At present, Germany, France and UK is leading the Europe Nut Ingredients market, however, other regions like Italy is seeing a rising trend.

• Based on nut ingredient types, Almonds, Hazelnuts, Walnuts and Cashews takes up about 85% of total Europe sales, with Almonds market share 32.57%, Cashews 18.98%, Walnuts 19.20% and Hazelnuts 14.62%, in 2015.
Based on downstream market, Confectioneries, Dairy products, Bakery products, Snacks & Bars are leading the market, taking up to 66.53% of total Europe market share. Confectioneries and Snacks & Bars are two large segments in the end-use market, with both market share around 25%.

Key Takeaways of the Market:

• Europe led the Nut Ingredients market, Owing to the presence of large number of manufactures especially in U.K. and Germany. According to (NCA), Germany led one-fourth of the Western European in sales and consumption in 2016.

• Asia Pacific is the fastest growing region in the global Nut Ingredients market. It is valued at US$ XX billion in 2016 and it is growing at a CAGR of XX%, owing mainly to the rise in disposable incomes of the consumers. Moreover, influence of western habits and culture have augmented the growth of multinational companies in this region. The economies such as Japan, China, South Korea, and India are the major markets of these brands and contribute to the growth of Nut Ingredients market globally.

• North America is projected to be the largest region in Nut Ingredients market. The growth is mainly attributed to the presence of international brands and high rate of consumption. The U.S. is the major player of Nut Ingredients market in this region.

• The Middle East and Africa are witnessed to have a significant growth in the Nut Ingredients market. The major regions such as the U.S. and Europe are expanding their business in Africa and the consumption rate of the premium Nut Ingredients, are increasing at a fast pace in the Middle East. According to the Gulf News, chocolate market is huge in UAE with an estimated business of US$ XX million annually.

Some of the major players in the Nut Ingredients market include ADM, Olam, Kanegrade, Bredabest, Barry Callebaut Schweiz, Intersnack, Borges, CG Hacking & Sons, Besanaworld, Voicevale

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By price range, economy range Nut Ingredients has the highest demand. During festivals such as Christmas, Easter, and Diwali demand for economy range and mid-range Nut Ingredients is high due to large population of low-income economy. According to World Bank PovcalNet Database, around 56% of global population is low-income and around 13% is middle-income population. Among products type.

Nut Ingredients Market Report:

-By Price Range (Economic Chocolate, Mid-Range Chocolate, Premium Chocolate)
-By Type (Almonds, Cashews, Hazelnuts, Walnuts, Others)
-By Product Application (Confectioneries, Dairy products, Bakery Products, Snacks & Bars, Others (salads & sauces, desserts and etc.))
-By Distribution Channels (Supermarket, Hypermarket, Convenience Store, Online Channel, Departmental Store, and Others)

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This release was published on openPR.