An in-depth look at the global tree nuts market, focusing on major trends and growth drivers in the U.S., China, India, and South Korea.

Tree nuts, a diverse and delicious category of edible seeds enclosed in a hard shell, have been an integral part of human diets for centuries. These nutrient-packed powerhouses not only tantalize our taste buds but also offer a myriad of health benefits. From almonds to walnuts, pistachios to cashews, tree nuts contribute to culinary delights and nutritional well-being across the globe. In recent years, tree nuts have gained immense popularity as a go-to snack and culinary ingredient, celebrated for their unique flavors, textures, and a plethora of health benefits. According to the research report, "Global Tree Nuts Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 90 Billion by 2029, increasing from USD 52.19 Billion in 2023. The market is expected to grow with 10.32% CAGR by 2024-29. The monounsaturated and polyunsaturated fats found in tree nuts contribute to heart health by reducing bad cholesterol levels and promoting cardiovascular well-being. Regular consumption has been linked to a lower risk of heart disease. Despite their calorie density, tree nuts can be an ally in weight management. The combination of healthy fats, protein, and fiber helps increase feelings of fullness, potentially reducing overall calorie intake. Tree nuts are rich in various nutrients such as vitamin E, potassium, magnesium, and antioxidants. These compounds play crucial roles in supporting immune function, promoting healthy skin, and contributing to overall well-being. Contrary to concerns about their carbohydrate content, studies suggest that tree nuts may have a favorable impact on blood sugar control. Including them in a balanced diet can be beneficial for individuals with diabetes. The omega-3 fatty acids found in certain tree nuts, such as walnuts, are associated with cognitive benefits. Regular consumption may support brain function and contribute to long-term cognitive health. With the rise of plant-based diets, tree nuts have become a go-to protein and nutrient source for those seeking alternatives to animal products. Their versatility makes them a valuable addition to vegetarian and vegan meal plans.

Almonds are naturally gluten-free, dairy-free, paleo and vegan, making them an easy snack or addition to dairy products as a beverage. The plant-based revolution is a major trend right now, and almonds continue to be a key ingredient driving innovation in the snacking industry. Almonds stand out as the largest and most influential segment. Almond's dominance can be attributed to their widespread usage across various food products, snacks, and dietary preferences. They are favored for their versatility and nutritional value, making them a popular choice for health-conscious consumers and culinary enthusiasts alike. To meet the overall demand for almonds, the production per annum has also increased. In January 2022, Blue Diamond Growers introduced Almond Breeze Extra Creamy Almond Milk, a plant-based substitute for whole dairy milk. The milk is ideal for consumers who are allergic to dairy or are lactose intolerant, want to cook and drink non-dairy alternatives, or prefer vegan alternatives. As consumers become more health-conscious, there is a growing interest in incorporating nutrient-dense foods into diets. Tree nuts, packed with essential nutrients such as healthy fats, protein, vitamins, and minerals, align well with these wellness trends. The perceived health benefits, including heart health and weight management, contribute to increased direct consumption. Tree nuts are incredibly versatile and can be used in various culinary applications. From salads and main dishes to desserts and snacks, tree nuts add texture, flavor, and nutritional value to a wide range of recipes. The versatility of nuts allows for creative and diverse cooking possibilities, making them a popular ingredient in modern cuisine. The food industry has responded to consumer demand by introducing an array of innovative nut-based products. From almond milk and cashew butter to walnut-infused snacks, these products cater to consumers seeking convenient and nutritious options.

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Whole nuts, with their intact shells or skins, are often associated with freshness. Consumers perceive whole nuts as less processed and closer to their natural state, preserving the integrity of nkeutrients, flavors, and textures. Whole nuts have a visual appeal that attracts consumers. The natural beauty of unprocessed nuts, with their shells and intact shapes, contributes to an appetizing presentation. This aesthetic appeal is particularly significant in contexts like gift packaging and premium displays. Whole nuts provide a more interactive experience for consumers. Shelling or peeling nuts before consumption adds an element of engagement and mindfulness, making the eating process more enjoyable and rewarding. Whole nuts require minimal processing, which aligns with the growing trend toward minimally processed and natural foods. It appeals to consumers seeking products with fewer additives or processing steps, emphasizing the simplicity and authenticity of the nut. Whole nuts, often presented in their natural state, are favored in premium and gift markets. Hypermarkets and supermarkets typically offer a wide range of tree nut varieties, catering to different tastes and preferences. Consumers can find almonds, walnuts, pistachios, cashews, and more, allowing them to explore and choose based on their preferences. Hypermarkets and supermarkets are known for being one-stop shopping destinations. Consumers can find tree nuts alongside other grocery items, eliminating the need to visit multiple stores for their shopping needs. The convenience of having a variety of products in one place encourages consumers to include tree nuts in their regular grocery lists. Supermarkets often run promotional activities and discounts, making tree nuts more attractive to consumers. These promotions can include bundle deals, discounts on larger quantities, or special offers during festive seasons.

For more insights on Europe: https://www.bonafideresearch.com/product/240129463/europe-tree-nuts-market

European consumers are transitioning from conventional to organic items. European consumers' increasing preference for healthful and nutrient-rich snacks and meals continues to fuel the demand for nuts, trees, and ground. The rising per capita disposable income is the cause of the increasing sales of tree nuts. Functional meals might command a higher price from consumers. Important tree nut processors are focusing on it to enhance sales volumes due to the region's growing health consciousness. The largest consumer of tree nuts is Germany. The German tree nut market needs to be more unified, nonetheless, due to the large number of local and regional participants. The increasing incorporation of tree nuts in diverse dietary regimes, including vegan and gluten-free diets, is significantly boosting demand. The presence of a robust distribution network, including supermarkets and online retail channels, facilitates easy accessibility to a variety of tree nuts. Additionally, the region's stringent quality and safety standards ensure high-quality products, thereby attracting health-conscious consumers. Furthermore, the growing culinary and confectionery industries in Europe are continuously experimenting with tree nuts, creating new consumption avenues. Spain is also a significant player in the European almond market, particularly in the region of Catalonia. The country is one of the largest almond producers in Europe, and the city of Vilafranca del Penedès hosts an annual Almond Blossom Festival, celebrating the almond orchards in the region.

For more insights on Middle East & Africa: https://www.bonafideresearch.com/product/240129466/middle-east-and-africa-tree-nuts-market

The Mediterranean climate in Southern Europe, including countries like Italy, Greece, and Spain, provides an ideal environment for the cultivation of both olive trees and almond trees. These regions are known for their olive oil production, and almonds thrive alongside olive groves. The tree nuts market in North America is dominated by the United States, which is a major producer and consumer of tree nuts such as almonds, walnuts, and pecans, with California being a leading state in production. Canada imports large quantities of tree nuts primarily for consumption and food processing. In the Asia-Pacific region, China stands out as a major player, both as a producer and consumer of various tree nuts, including walnuts, almonds, and pistachios. India is another significant market, with growing consumption of almonds and cashews driven by increasing health consciousness and changing dietary habits. In South America, Brazil leads the market with substantial production of cashews and Brazil nuts. The region's favorable climate supports the cultivation of a variety of tree nuts, which are both consumed locally and exported. The Middle East & Africa region has a growing tree nuts market, particularly in countries like Iran and Turkey, which are notable producers of pistachios and hazelnuts, respectively. Consumption is increasing across the region due to rising health awareness and the incorporation of tree nuts into traditional diets.

For more insights on United States: https://www.bonafideresearch.com/product/6401294601/united-states-tree-nuts-market

Key Developments
• Blue Diamond Growers, a leading almond processing and marketing company, announced plans in March 2023 to expand its operations in California's San Joaquin Valley with a new 300,000 square foot facility. The new facility will allow Blue Diamond to increase its capacity for processing and packaging almonds to meet growing demand.
• Wonderful Pistachios & Almonds, a subsidiary of The Wonderful Company, announced in February 2023 that it had acquired a 1,100-acre pistachio orchard in California's Central Valley. The acquisition will help the company to expand its pistachio production and meet growing demand for its products.
• In January 2023, Diamond Foods announced that it had entered into a final agreement to acquire CWGA (the California Walnut Growers Association) that represents over 40,000 acres of walnut orchards in California. The acquisition is anticipated to close in the first half of 2023.

For more insights on India: https://www.bonafideresearch.com/product/6401294606/india-tree-nuts-market

Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global tree nuts market with its value and forecast along with its segments
• Region & Country-wise tree nuts market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Almonds
• Cashews
• Walnuts
• Pistachios
• Hazelnuts
• Macadamia
• Pecans
• Others (chest nuts, brazilnuts, hickorynuts, pinenuts)

By Form
• Whole
• Split
• Others (powder, paste, liquid)

By Application
• Direct consumption /culinary purpose
• Bakery and confectionery
• Cereals and granola bars
• Nutritional and health foods
• Dairy products
• Other (cosmetics and personal care, industrial use)

By Distribution Channel
• Hypermarket/supermarket
• Conventional store
• Specialty store
• Online retail

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E-mail: sales@bonafideresearch.com
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Europe: +44 20 8089 0049
North America: +1 201 793 8545
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This release was published on openPR.