Nut Ingredients Market Size, Share, Growth, Analysis, Trends and Outlook 2023-2030

Global Nut Ingredients Market reached USD 21.2 billion in 2022 and is expected to reach USD 32.0 billion by 2030, growing with a CAGR of 5.3% during the forecast period 2023-2030.

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Market Drivers:

Rising Health Awareness Boosts Nut Ingredients Market Size and Share.

People are eating healthier, herbal foods as they become more health-conscious. Nuts are popular for a balanced diet since they provide vitamins, minerals, and healthy fat. This growing interest in healthy choices has increased demand for nut-based goods including nut butter, flours, and milk.

The surge in Vegan Diets Propels Nut Ingredients Market Growth.

Growing vegan and plant-based diets also boost the nut ingredients industry. Nuts provide protein for these diets. The use of nut ingredients in baking, confectionery, and beverages is expected to rise as demand for vegan and plant-based foods rises.
This nutritional trend should boost market share and size in the future years. Vegans, flexitarians, and health-conscious consumers like nuts' adaptability and capacity to meet multiple dietary demands, increasing nut-based product acceptance across food sectors.

Market Segmentation:

Almond Segment Emerges as the Fastest Growing Segment in the Nut Ingredients Market.

The almond segment is a crucial part of the nut ingredients market, known for its versatility and nutritional benefits. Almond-based nut ingredients encompass a wide range of products, including nut-based products like almond milk, almond butter, and almond oil.

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Nut Ingredients Market Companies:

The major global players in the market include ADM, Olam International Limited, Barry Callebaut, Sran Family Orchards, Inc., John B. Sanfilippo & Son, Kanegrade, Borges Agriculture & Industrial Nuts, Dohler GmbH, Nestlé, and Harris Woolf California Almonds.

By Type

• Peanut
• Almond
• Walnut
• Cashew
• Hazelnut
• Others

By Form

• Roasted
• Chopped
• Raw
• Powdered
• Others

By Application

• Bakery & Confectionary
• Snacks and Bars
• Desserts
• Cereals
• Dairy Products
• Beverages
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share:

Europe is Leading the Nut Ingredients Market with a 40% Market Share
The COVID-19 epidemic changed the European nut ingredients market. During lockdowns, customers sought healthier cooking and snacking alternatives, driving demand for nut pastes, oils, extracts, powders, meals, and fillings. This tendency drove nut ingredients market expansion.

Related Reports:

Nut Products Market: https://www.datamintelligence.com/research-report/nut-products-market

Almond Ingredients Market: https://www.datamintelligence.com/research-report/almond-ingredients-market

Peanut Ingredients Market: https://www.datamintelligence.com/research-report/peanut-ingredients-market

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