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Nut Ingredients Global Market Poised for Significant Growth, Projected to Reach $31.67 Billion at a CAGR of 6.3% By 2028 | Bredabest BV, Terri Lynn Inc., Kerry Group PLC, MGP Ingredients Inc., NOW Foods
Nut Ingredients Market
As per the report, 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 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%.
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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. Nut Ingredients Market Report Structure
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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