Global Nuts Market to Reach US$1,279.44 bn by 2021, Propelled by Growing Demand for Modified Crops

The consumption of nuts and seeds among the consumers is increasing globally. Thus the nuts and seeds market is witnessing a dramatic growth across the world. Nuts and seeds consist of essential nutrients such as fiber, folate protein and essential minerals that make them rich in nutritional value. Nuts are dry and hard shelled fruit with a kernel that can be consumed. Seeds are embryonic plants which are enclosed in a seed coat. Nuts and seeds have a wide variety of applications; nuts are consumed raw or they can be an additive to several food items such as dairy drinks, energy bars and others. Nuts are also used in the cosmetics industry. However, seeds are used in several cooking oils, several types of condiments and spices. They are also considered as an important part of food additives.

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Positive health benefits offered by the consumption of nuts and seeds are fuelling the global nuts and seeds market. Prevention of diabetes, low blood cholesterol, reducing incidences of coronary heart diseases are some the positive effects associated with the consumption of nuts and seeds. In addition, the increasing market size of genetically modified crops is expected to have a positive impact on the global nuts and seeds market.

However, excessive consumption of nuts and seeds has severe adverse effects on human health thereby impeding the demand for nuts and seeds globally. Excessive consumption of nuts and seeds can result in unwanted weight gain, bowel disorders, diarrhea and other health related issues. Moreover, high cost of raw materials needed to process nuts and seeds is another factor restraining the global nuts and seeds market.

Cashew nut held the largest market share in the global nuts market followed by walnuts. Corn/Maize held the largest market share in the global seeds market followed by soybean.

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Diamond Foods Inc, Archer Daniels Midlands Company, Cargill Inc., Syngenta A.G., Richardson International are some of the major players operating in the global nuts and seeds market.

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