Press release
Edible Nuts Market to grow at 8.4% CAGR through 2031
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for edible nuts. The report tracks the global sales of edible nuts in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and edible nuts in particular.Consumers are increasingly inclining towards healthy and nutrient-rich food items to stay fit and stave off the risk of various diseases. Future Market Insights (FMI), in a new study finds this to be one of the chief drivers of the edible nuts market, which is forecast to surpass US$ 20.28 Bn by 2021. Growth will therefore be driven by consumers selecting snacks that are high in nutritive values.
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Key Takeaways from the Edible Nuts Market Study
Exhibiting Y-o-Y growth at nearly 6.9% in 2021, the edible nuts market will continue exhibiting strong growth through the forecast period
The U.S. has emerged as a key pocket for sales, accounting for over 88% of the North America market based on value in 2021
The demand from the U.K. will continue rising at a high pace. The U.K. is expected to register 10.8% Y-o-Y growth in 2021
Germany and France will remain other key markets for sale of edible nuts in the Europe
Japan and South Korea will emerge as bright spots for sale in East Asia
Competitive Landscape
Restaurants and hotel chains are partnering directly with growers and suppliers of edible nuts for sourcing of high-quality produce for used in their dishes. For instance, Napa Nuts has partnered with The French Laundry, Mourad, airbnb, The Culinary Institute of America, Marriot, and many more for edible nuts to supplied directly to them.
A few of the leading players operating in the edible nuts market Sun-Maid Growers of California, Hines Nut Company, John B. Sanfilippo & Son, are Archer Daniels Midland Company, Mariani Nut Company, Select Harvests Limited, Olam International Ltd, Durak Findik, Grower Direct Nut Co. Ltd, Borges Agricultural & Industrial Nuts, The Wonderful Company LLC, Germack Pistachio Company, Diamond Foods, Inc., Blue Diamond Growers, Nichols Farms, Keenan Farms and other players.
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Edible Nuts Market by Category
Variety
Almond
Cashewnuts
Hazelnuts
Peanuts
Pistachios
Walnuts
Other (Brazil Nuts)
Nature
Organic
Conventional
Product Type
Raw
Roasted
Salted
Others (Glazed, etc)
Form
Whole
Powder
Splits
End Use
Food Service Industry
Household
Distribution Channel
Hypermarket/Supermarket
Specialty Stores
Wholesale Stores
Mass Grocery Stores
Online Retail
Key Questions Answered in Edible Nuts Report
At what rate the demand for edible nuts is expected to grow for the next 5 years?
The global edible nuts market is estimated to grow by CAGR of 8.4% for the next 5 years. Rise in awareness among consumers has a great impact on the preference of the products and in case of edible nuts sales are poised to surge as a result of increasing focus on health and wellness.
Which form of edible nuts is more preferred?
The whole form of edible nuts is highly preferred and the segment hold the largest share in the market. Among different types of edible nuts, whole nuts are most famous due to their application in confectionery, bakery products, and other desserts.
Which are the leading companies are offering edible nuts?
Some of the leading companies offering edible nuts are Archer Daniels Midland Company, Diamond Foods, Inc., Olam International Ltd, Blue Diamond Growers, Mariani Nut Company, Select Harvests Limited, Durak Findik, Grower Direct Nut Co. Ltd among others.
What are the drivers supporting the growth of edible nuts market?
The edible nuts market is driven by the launch of increasing demand for low-calorie food products, rising application of edible nuts in homemade desserts in various regions, and other factors. Edible nuts also are used as key ingredients in homemade granola. Besides this, the increasing vegan and flexitarian population will continue bolstering edible nut market in the coming years.
Which are the key success factors supporting the growth of edible nuts market?
Some of the key success factors supporting the edible nuts market growth are implementation of new production techniques, product portfolio, nuanced marketing campaigns, exploiting economies of sales, and strategic promotional activity and many others.
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
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