Nut Meals Market Size Share Industry Analysis Forecast Demand 2023-2030

Global Nut Meals Market Anticipates Significant Growth, Reaching US$ 7.6 Billion by 2030

The global nut meals market, valued at US$ 5.1 billion in 2022, is poised for substantial expansion, projecting a robust CAGR of 5.7% during the forecast period from 2023 to 2030. The surge is propelled by the burgeoning demand for health-conscious alternatives, with nuts being recognized as rich sources of fiber, protein, vitamins, antioxidants, and essential minerals.

Health Trends Driving Market Momentum

The market's momentum is propelled by the myriad health benefits associated with nuts, coupled with the increasing popularity of the paleo diet. Notably, the expanding vegan population worldwide considers nut meals an excellent substitute for fish and eggs, meeting protein, calcium, and vitamin B12 requirements. Almonds, in particular, are gaining acclaim for their diabetic-friendly qualities, characterized by low fat content and beneficial omega-3 fats, contributing to heart and brain health.

Flavored Nut Innovations

Market players are capitalizing on consumer preferences by introducing flavored nuts with diverse tastes. In November 2022, Blue Diamond Almonds launched limited-edition Blue Diamond Peppermint Cocoa Flavored Almonds and Snickerdoodle Flavored Almonds, catering to the on-the-go snacking trend. Nutmeals and flavored nuts are becoming preferred meal alternatives due to their health benefits, aligning with the increasing adoption of vegan and plant-based diets.

Regional Insights

In 2022, North America dominated the market with a 41% share, fueled by the introduction of nut milks as substitutes for traditional dairy milk. Market players in the region leverage innovation to meet the demand for healthy convenience foods, contributing to the region's substantial market share.

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Market Scope and Summary

Metrics:

CAGR: 5.7%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Data Availability: Value (US$)

Segments Covered:

Type, Nature, Distribution Channel, and Region
Regions Covered:

North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region:

Asia-Pacific
Largest Region:

North America

Report Insights Covered:

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other Key Insights.
Dynamic Trends Shaping the Market

Product Demand and Consumer Preferences:

Rising consumer demand for nut meals, driven by the health-conscious trend and the utilization of organic nuts.
Nutritional Benefits and Diverse Applications:

Nut meals are increasingly used in various applications, offering a rich source of essential fatty acids, vitamins, and minerals.
Challenges and Opportunities:

High obesity levels and nut allergies pose challenges, while the popularity of nut meals as a protein-rich replacement presents opportunities.

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Segmentation Analysis

Organic Dominance:

Organic held the largest share in the nut meals market in 2022, driven by increasing consumer demand for healthy organic snacks.

Geographical Penetration

North America's Health Snacking Craze:

The increasing popularity of healthy snacking in North America fuels demand for groundnuts, tree nuts, and nutmeals.

Leading Market Players

Bob's Red Mill
Tierra Farm Inc.
Royal Nut Company
Sun Organic Farm
Blue Diamond Growers
Cargill Inc.
Kluth, a GmbH & Co.
Syngenta
Archer Daniels Midland Company
HBS Natural Choice

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