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

Transparency Market Research has published a new research report on the global nuts and seeds market. According to the report, the global nuts market was valued at US$1,137.06 bn in 2014 and is expected to reach US$1,279.44 bn by 2021 at a 1.70% CAGR. The report, titled ‘Nuts and Seeds Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that the global seeds market was valued at US$56.23 bn in 2014 and is predicted to reach US$114.26 bn by 2021 at a 10.0% CAGR.

By volume, the global nuts market totaled 37.38 mn tons in 2014 and is predicted to reach 41.34 mn tons by 2021 at a 1.40% CAGR, whereas the global seeds market totaled 4.41 mn tons in 2014 and is predicted to reach 7.86 mn tons by 2021 at a 7.70% CAGR.

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Over the past few years, there have been changes in the consumption pattern of nuts and seeds amongst people across the world. Some of the positive effects of nuts and seeds on the human body are reduced incidence of heart diseases, prevention of diabetes, reduced blood cholesterol levels, and others. The growing market for modified crops is also expected to drive the global nuts and seeds market during the forecast period. Moderate consumption of seeds and nuts also has a positive effect on the metabolic syndrome, visceral adiposity, and blood pressure. Growth in demand for genetically modified crops is expected to propel the demand for nuts and seeds across all regions.

Consumption of seeds and nuts is increasing rapidly across the world. As seeds and nuts consist of vital nutrients such as protein, fiber, folate, and essential minerals, they are consumed on a large scale. Use of seeds in several cooking oils, condiments, and several types of spices is predicted to boost the global nuts and seeds market during the forecast period.

The global nuts and seeds market is segmented on the basis of product type and geography. By product type, the global nuts market is divided into cashew nuts, peanuts, walnuts, almonds, macadamia nuts, and others. Cashew nuts held the leading position in the global nuts market in 2014 and are expected to maintain their position till 2021. Based on product type, the global seeds market is classified into sunflower seeds, chia seeds, sesame seeds, corn/maize, soybean, and others. The corn/maize seeds market dominated the global seeds market in 2014, followed by the soybean seeds market.

Excessive consumption of nuts and seeds may cause adverse effects such as diarrhea, weight gain, and bowel disorders. High cost of the raw materials needed to produce and process nuts and seeds is another restraint on the global nuts and seeds market. However, considering the health benefits of nuts and seeds, leading companies are planning to introduce various nuts and seeds in different forms.

By geography, the global nuts and seeds market is divided into Europe, Asia Pacific, North America, and Rest of the World. With a 90% market share, Asia Pacific dominated the global nuts market in 2014. The North America region accounted for a 30% market share in 2014 to rank second after Asia Pacific. Some of the leading players in the global nuts and seeds market are Diamond Foods Inc., Cargill Inc., Richardson International, Archer Daniels Midlands Company, and Syngenta AG.

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Global Nuts and Seeds Market by Product Type
Nuts
Peanut
Cashew Nut
Almond
Walnut
Macadamia nut
Others

Seeds
Sunflower seeds
Chia seeds
Sesame seeds
Corn/Maize
Soybean
Others

Global Nuts and Seeds Market by Geography
North America
The U.S.
Canada
Rest of North America

Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia Pacific
India
China
Rest of Asia Pacific

Rest of the World (RoW)
Middle East
Latin America
Africa

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This release was published on openPR.