Pistachios Market Size & Share To Surpass US$ 7.4 Billion By 2033 At A 5.8% CAGR

Pistachio consumption is expected to reach US$ 4.5 billion in 2023, rising at a 5.1% CAGR from 2023 to 2033. As a result, the worldwide pistachio market is expected to reach $7.4 billion by the end of 2033.
Consumers are increasingly emphasizing good eating habits in order to avoid health issues such as obesity, high cholesterol, and food poisoning. The increased knowledge of hazardous chemicals in food items as a result of agricultural usage of chemical fertilizers and pesticides has resulted in a boom in demand for organic fruits, vegetables, and nuts.

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Pistachios are becoming increasingly popular as a snack and component in culinary preparation, which is expected to raise pistachio demand even further. Fact.MR, a market research and competitive intelligence service, just produced a market research study that provides a comprehensive assessment of the pistachios industry. Consumer behavior, manufacturing and consumption trends, expert insights, patent evaluations, import/export analysis, and price analysis are all covered in the study.

Key Players:
• Del Alba International
• Wonderful Company LLC
• Setton Pistachio of Terra Bella, Inc.
• Santa Barbara Pistachio Company
• Primex Farms, LLC
• Nichols Pistachio
• Keenan Farms
• Horizon Growers

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Regional Analysis:

Growing consumer knowledge of the health advantages and nutritional worth of pistachios in North America is propelling the region's pistachio industry forward. The region's high pistachio output is also helping to market expansion, with Canada, the United States, and Mexico being important drivers of pistachio demand. The region's favorable temperature and fertile terrain make it perfect for pistachio farming, and its appeal as a snack is driving up sales even more.

Pistachio production and consumption in Europe are also likely to contribute significantly to the global pistachio industry. The rising frequency of nutritional insufficiency among Europeans is also driving the demand for pistachios.

Growing demand for pistachios as a nutritious snack is boosting sales in the United States, thanks to an increase in the number of health-conscious and vegan customers. Pistachio demand in the United States is expected to reach US$ 1.2 billion in 2022.Pistachio sales in Canada, on the other hand, are expected to grow at a moderate CAGR of 4.1% from 2023 to 2033.

What are the Major Factors Driving Pistachio Sales Around the World?
"Increased Health-Consciousness Drives Pistachio Sales"

There has been a noteworthy increase in the number of people who prioritize their health in recent years. As a consequence, people regard pistachios as a healthy and guilt-free dietary option, which contributes to their expanding popularity. Pistachio intake has various health advantages, including a lower risk of cardiovascular disease, better digestion, and increased immunity.

Furthermore, pistachios help to manage cholesterol, regulate blood sugar, and minimize the risk of illnesses such as cancer. Pistachios are increasingly being used as a flavoring element in bakery items such as cookies, pastries, and biscuits, which is likely to enhance sales.

Key Segments of Industry:
• By Product :
o In-shell
o Shelled
• By End Use :
o Bakery and Confectionery
o Flavored Drinks
o Breakfast Cereals
o Dairy Products
o Others
• By Distribution Channel :
o Hypermarkets & Supermarkets
o Specialty Stores
o Convenience Stores
o Online Retailers
o Others

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Contact:
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11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

This release was published on openPR.