Pistachios Global Market Report 2024 - By Demand, Size, Share, Growth And Analysis, Forecast To 2033

"The new report published by The Business Research Company, titled ""Pistachios Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the pistachios market size has grown strongly in recent years. It will grow from $4.01 billion in 2023 to $4.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The pistachios market size is expected to see strong growth in the next few years. It will grow to $5.21 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.

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E-commerce Expansion Fueling Growth In The Pistachios Market
The growing penetration of e-commerce is expected to propel the growth of the pistachios market in the future. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The growing penetration of e-commerce is due to expanding internet access and shifting consumer preferences towards online shopping. E-commerce facilitates convenient access to pistachio products, catering to diverse consumer preferences and expanding market reach for almond sellers. This digital platform enables direct-to-consumer sales, streamlining the distribution process and potentially increasing profit margins for pistachio producers. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales were projected to reach $1,118.7 billion in 2023, an increase of 7.6% from 2022. Therefore, the growing penetration of e-commerce is driving the growth of the pistachios market.

Flavored Pistachios Redefining The Pistachio Market Landscape
Major companies operating in the pistachio market are focusing on developing innovative products, such as flavored pistachios, to gain a competitive edge in the market. Flavored pistachios are nuts infused or coated with various seasonings, spices, or other flavorings to enhance their taste. For instance, in September 2023, Wonderful Pistachios and Almonds LLC, a US-based producer of highest-fiber snack nuts, launched a new flavor option in Pistachios In-Shell Seasoned Salt to enhance snacking experiences with a blend of savory seasonings, including garlic, onion, and paprika. The availability of Wonderful Pistachios In-Shell Seasoned Salt in 14-ounce and 40-ounce packaging caters to various occasions, particularly gatherings such as game day watch parties and tailgates. The launch leverages the inherent nutritional benefits of pistachios, positioning them as a protein-rich and fiber-packed snack option.

The pistachios market covered in this report is segmented -
1) By Product Type: In-shelled, Shelled
2) By Form: Whole, Powdered, Roasted, Splits
3) By Distribution Channel: Wholesaler Or Distributor, Modern Trade, Convenience Stores, Online Sales, Other Distribution Channels
4) By End-Use: Bakery And Confectionery, Flavored Drink, Breakfast Cereals, Snacks, Butter And Spread, Dairy Products, Other End-Uses

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Major companies operating in the pistachios market report are Nestlé S.A., Kraft Heinz Company, Hormel Foods Corporation, J.M. Smucker Company, The Wonderful Company LLC, Nichols Farms, Ready Roast Nut Company, Horizon Nut Co., P-R Farms Inc., Setton Pistachio of Terra Bella Inc., Primex Farms LLC, Braga Organic Farms, American Pistachio Growers, BATES NUT FARM, Keenan Farms, Germack Pistachio Company, Fiddyment Farms, Hellas Farms LLC, Houston Pecan Co, Santa Barbara Pistachio Company, Sierra Nut House Inc., The Pistachio Factory, We Go Nuts Inc

Contents of the report:
1. Executive Summary
2. Pistachios Market Report Structure
3. Pistachios Market Trends And Strategies
4. Pistachios Market - Macro Economic Scenario
5. Pistachios Market Size And Growth
…..
27. Pistachios Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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