Press release
Nut Ingredients Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Archer-Daniels-Midland Company, Olam International Limited, Barry Callebaut AG, Kanegrade Flavours & Ingredients Pvt. Ltd
Nut Ingredients Market Trends
The Business Research Company offers in-depth market insights through Nut Ingredients Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The nut ingredients market size has grown strongly in recent years. It will grow from $23.43 billion in 2023 to $24.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growing health consciousness, expansion of snack food industry, increased nutritional awareness, innovation in food product development, rising disposable income, shift to healthy snacking..
The nut ingredients market size is expected to see strong growth in the next few years. It will grow to $31.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing production of nut-based spreads, demand for gluten-free products, integration into health and wellness trends, innovation in nut-infused beverages, growing market for nutritional bars, focus on sustainable and ethical sourcing.. Major trends in the forecast period include expansion of nut-enhanced product offerings, focus on clean label and natural ingredients, innovations in nut-based dairy alternatives, inclusion of nuts in confectionery, sustainability and ethical sourcing:..
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Market Segmentation:
The nut ingredients market covered in this report is segmented -
1) By Type: Cashews, Walnuts, Almonds, Hazelnuts
2) By Form: Roasted, Chopped, Raw , Powdered
3) By Application: Snacks And Bars, Confectionary, Baked Products, Dairy Products, Beverages, Other Applications
Major Driver - Rising Obesity Prevalence Fuels Growth In The Nut Ingredients Market
The rising prevalence of obesity is expected to drive the nut ingredients market going forward. Obesity is characterized as an abnormal or excessive buildup of fat that poses a health concern. Hazelnuts, pine nuts, peanuts, and walnuts are just a few of the nut ingredients that cut the risk of obesity by bringing the levels of both good and bad cholesterol down. As a result, the rising prevalence of obesity increases the demand for the nut ingredient market. For instance, in March 2022, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, 650 million adults, 340 million teenagers, and 39 million children were obese around the world. This quantity is still rising. By 2025, it is predicted that 167 million adults and children will lose some of their health due to being overweight or obese. As a result, the rising prevalence of obesity is propelling the nut ingredients market.
Competitive Landscape:
Major companies operating in the nut ingredients market report are Archer-Daniels-Midland Company, Olam International Limited, Barry Callebaut AG, Kanegrade Flavours & Ingredients Pvt. Ltd., The Hershey Company, Bredabest BV, Terri Lynn Inc., Cache Creek Foods, Royal Nut Company, Helios Ingredients Ltd., Bergin Fruit and Nut Company, Western India Cashew Company, Savencia SA, Borges Agricultural and Industrial Nuts SA, John B. Sanfilippo & Son Inc., Blue Diamond Growers, Treehouse Foods Inc., Kanegrade Limited, Olde Tyme Foods Inc., Hampton Farms Inc., Johnvince Foods Company, The Wonderful Company LLC, Mariani Nut Company, SunOpta Inc., Golden Peanut Company LLC, Glanbia Nutritionals Inc., Ingredion Incorporated, Kerry Group plc, MGP Ingredients Inc., NOW Foods, Prinova Group LLC
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Top Trend - Product Innovations Transforming The Nut Ingredients Market
Product innovations have emerged as a key trend gaining popularity in the nut ingredients market. Major companies operating in the nut ingredients market are focused on introducing innovative products based on nut ingredients to sustain their position in the market. For instance, in January 2023, ProV Foods Private Limited, an India-based food products company launched ProV Minis, tailored for the Indian market. ProV Minis are conveniently sized snack packs containing flavored dry fruits, nuts, and seeds, making them an ideal choice for healthy on-the-go nutrition. They offer a convenient and nutritious alternative for breakfast or a school lunch. The initial ProV Minis flavors include Cashew Roasted & Salted, Nut & Seed Mix, Cashew Creamy Cheese, Cashew Cracked Pepper, Almonds Roasted & Salted, and Almonds Piri Piri.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nut Ingredients Market Characteristics
3. Nut Ingredients Market Trends And Strategies
4. Nut Ingredients Market - Macro Economic Scenario
5. Nut Ingredients Market Size And Growth
…..
27. Nut Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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