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Pistachio Market worth $7.32 billion by 2030, growing at a CAGR of 4.85% - Exclusive Report by 360iResearch
Pistachio Market | 360iResearch
The Global Pistachio Market to grow from USD 5.25 billion in 2023 to USD 7.32 billion by 2030, at a CAGR of 4.85%.
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Pistachios are a perfect protein, antioxidant, and fiber source that boosts heart health, manages blood sugar, and reduces colon cancer risk. Pistachios are integrated into bakery products, confectioneries, spreads, ice creams, beverages, and culinary dishes. The scope of the pistachio market extends across multiple sectors, such as food & beverage, cosmetics & personal care, and pharmaceuticals. Moreover, consumer demand is increasing for healthy snacks due to rising health awareness regarding the benefits of nuts, such as improved heart health and reduced risk of chronic diseases. The growing adoption of plant-based diets has led to increased demand for pistachios and expansion of eCommerce platforms providing easy access to a wide range of premium quality nut products. However, fluctuating yield caused by climate change affects the availability and price stability of these products, leading to uncertainty in supply chain operations. In addition, manufacturers focus on consumer insights and preferences to create novel pistachio-based products catering to evolving tastes and demands. Developing ready-to-eat packaged snacks or functional foods targeted at specific health-conscious consumer segments is expected to create opportunities for the pistachio market.
In the Americas, increased production and consumption of pistachios and the healthy snacking trend have boosted consumer demand, while innovative flavored products have attracted younger demographics. The American pistachio growers organization has initiated several research projects focusing on the health benefits of pistachios, sustainable farming practices, and innovative marketing strategies. Market players have launched new product lines, such as chili-roasted pistachios, to attract consumers seeking unique flavors. In the Asia-Pacific, pistachios are considered auspicious symbols for health and prosperity, and increasing awareness about health benefits associated with pistachio consumption drives demand for these nuts. Organic varieties have gained popularity due to rising concerns over regional food safety issues. Increasing utilization of pistachios in food & beverage products and supportive government initiatives to boost domestic production raised the availability of pistachios. In the European Union (EU) countries, the demand for pistachios has been growing due to their nutritional value and increasingly being used as an ingredient in various food products. In Middle Eastern countries, including Iran and Turkey, pistachios have a strong cultural significance and are extensively used in traditional sweets and dishes. The African market presents a significant potential for growth with rising urbanization, increasing disposable incomes, and growing awareness about healthy snacking options.
Market Segmentation & Coverage:
This research report categorizes the Pistachio Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Crushed, In-shell, Powder, Shelled, and Splits. The Shelled commanded largest market share of 44.63% in 2023, followed by In-shell.
Based on Type, market is studied across Flavored and Unflavoured. The Unflavoured commanded largest market share of 68.85% in 2023, followed by Flavored.
Based on Ditsribution, market is studied across Convenience Stores, Hypermarket/Supermarket, Online Sales, and Specialty Stores. The Convenience Stores commanded largest market share of 35.45% in 2023, followed by Hypermarket/Supermarket.
Based on End-User, market is studied across Bakery & Confectionery, Breakfast Cereals, Dairy Products, Flavored Drink, and Snacks. The Snacks commanded largest market share of 45.36% in 2023, followed by Breakfast Cereals.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 45.29% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Pistachio Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Pistachio Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Pistachio Market, highlighting leading vendors and their innovative profiles. These include Avakian Ltd, Bates Nut Farm, Braga Organic Farms, Fiddyment Farms, Inc., Germack Roasting Company, LLC, Gorilla Food Co., Gourmia by Bajaj Overseas Impex, HORIZON Nut Company, LLC, Hormel Foods Corporation, Houston Pecan Co, ITC NUTS COMPANY, KARIN GIDA San. Ve Tic. A.S., Keenan Farms, Inc., Meray Kuruyemiş Gıda San. Tic. Ltd. Şti., Meridian Growers, LLC, Murrungundy Pistachios, Nazari Pistachio Co, Nichols Farms, Nut Producers Australia Pty Ltd, Oh! Nuts, Padideh Pistachio, Rasha Pistachio Co., Ratin Khosh (Khoshbin Group), Rayka Omid Karmania, Santa Barbara Pistachio Company, Setton International Foods Inc., Sierra Nut House, Inc., TADIM, The Pistachio Co, The Pistachio Factory, Touchstone Pistachio Company, and Wonderful Pistachios & Almonds LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pistachio Market, by Product
7. Pistachio Market, by Type
8. Pistachio Market, by Ditsribution
9. Pistachio Market, by End-User
10. Americas Pistachio Market
11. Asia-Pacific Pistachio Market
12. Europe, Middle East & Africa Pistachio Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Pistachio Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pistachio Market?
3. What is the competitive strategic window for opportunities in the Pistachio Market?
4. What are the technology trends and regulatory frameworks in the Pistachio Market?
5. What is the market share of the leading vendors in the Pistachio Market?
6. What modes and strategic moves are considered suitable for entering the Pistachio Market?
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