Nut Ingredients Market 2023 - Market Size, Top Key Players, Growth, Trend Analysis And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Nut Ingredients Global Market Report 2023 identifies the rising prevalence of obesity as the major driver for the nut ingredients market's growth in the forecast period. Obesity is characterized as an abnormal or excessive buildup of fat that poses a health concern. Hazelnuts, pine nuts, peanuts, and walnuts are just a few of the nut ingredients that cut the risk of obesity by bringing the levels of both good and bad cholesterol down. As a result, the rising prevalence of obesity increases the demand for the nut ingredient market. For instance, in March 2022, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, 650 million adults, 340 million teenagers, and 39 million children were obese around the world. This quantity is still rising.

The global nut ingredients market size is expected to grow from $22.18 billion in 2022 to $23.44 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nut ingredients market size is expected to grow to $29.47 billion in 2027 at a compound annual growth rate (CAGR) of 5.9%.

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Major competitors in the nut ingredients market are ADM, Olam International Limited, Barry Callebaut, Kanegrade Flavours & Ingredients Pvt. Ltd., The Hershey Company, Bredabest B.V., Terri Lynn, Inc., H.B.S. Foods Ltd.

A key trend in the nut ingredients market includes product innovations. Major companies operating in the nut ingredients market are focused on introducing innovative products based on nut ingredients to sustain their position in the market. For instance, in September 2020, Harris Woolf Almonds, a US-based, vertically integrated, grower-owned processor of almonds and value-added almond products, launched GMO-free roasted almond protein powder that packs an unmatched level of flavor and almond oil that is made from 100% food-grade almonds to meet the growing demand for sustainable plant-based proteins and to deliver novel value to the customers. These are entirely unique ingredient formulations that are available to retailers for private-label partnerships.

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The nut ingredients market is segmented -
1) By Type: Cashews, Walnuts, Almonds, Hazelnuts

2) By Form: Roasted, Chopped, Raw, Powdered

3) By Application: Snacks And Bars, Confectionary, Baked Products, Dairy Products, Beverages, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the nut ingredients market.

The Business Research Company's "Global Nut Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Nut Ingredients Market Include:
1. Executive Summary
2. Nut Ingredients Market Characteristics
3. Nut Ingredients Market Trends And Strategies
4. Nut Ingredients Market - Macro Economic Scenario
5. Nut Ingredients Market Size And Growth
…..
26. Africa Nut Ingredients Market
27. Nut Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nut Ingredients Market
29. Nut Ingredients Market Future Outlook and Potential Analysis
30. Appendix

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