Growing Demand for Nut Products Driven by Health Trends and Versatile Applications, as per Maximize Market research

Nut Products Market size was valued at US$ 1.76 Billion in 2023 and the total revenue is expected to grow at 5.8% through 2024 to 2030, reaching nearly US$ 2.62 Billion.

Nut Products Market Overview

The global Nut Products Market is noticing an exponential growth. This growth is fueled by increased health awareness and rising demand for plant-based food alternatives. The report published by Maximize Market Research explains the projected growth by the industry, with segmentation based on category(Organic, Conventional), type(Almonds, Hazelnuts, Walnuts, Cashews, Others (artificial nuts, beechnuts, chestnuts, and chinquapin nuts)), application(Bakery products, Snacks & Bars, Confectioneries, Desserts, Cereals, Beverages, Others), and region[North America (United States, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe), Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC), Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A), South America (Brazil, Argentina Rest of South America)].

The report will be a guide in understanding existing consumer behaviour and forecasted changes in consumer patterns based on socio-economic as well as political influences. Consumer analysis is also provided by age group, rural & urban consumption patterns, brand loyalty in nut products market explained by age and region, and investment trends to help stakeholders.

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Nut Products Market Drivers

Growing awareness of the health benefits of nuts, such as their role in heart health and weight management, is propelling demand for Nut Products Market. As plant-based diets gain global traction, product diversification, such as flavored nut butters, ready-to-eat nut-based snacks, and functional food additives, are expanding market appeal.

Nut Products Market restraints

The cost of raw nuts, such as almonds and cashews, can be volatile due to various factors which may restraint the nut products market. Nut allergies are a significant concern, particularly in Western markets. Certain nuts, like almonds, have high water demands, raising concerns over sustainability and environmental impact. This could affect consumer perception and regulatory stances in certain regions.
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Nut Products Market regional analysis

North America dominates the market, supported by high health-consciousness among consumers and strong demand for nut-based snacks. Europe with its rising vegan and vegetarian populations drive demand for plant-based alternatives, particularly the U.K. and Germany, are experiencing a surge in demand.

Recent News about Nut Products market

31/7/2024 Cyanide risk sparks extended recall of nut products
21/9/2024 How almonds became a skincare superhero, moving from the snack aisle to usurp coconut oil, shea butter and argan nut beauty products
28/11/2023 EU extended duty-free imports of fruits, vegetables and nuts from Uzbekistan for another 4 years

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Nut Products Market Segmentation

by Category

Organic
Conventional

by Type

Almonds
Hazelnuts
Walnuts
Cashews
Others (artificial nuts, beechnuts, chestnuts, and chinquapin nuts)

by Application

Bakery products
Snacks & Bars
Confectioneries
Desserts
Cereals
Beverages
Others

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Nut Products Market Key Players

1. Olam International
2. Barry Callebaut
3. Blue Diamond Growers
4. Kerry Group
5. Zentis GmbH & Co. KG
6. Mount Franklin Foods
7. Mandelin, Inc
8. Bazzini
9. Besana
10. Lubeca
11. Puratos
12. Lemke
13. Almendras Llopis S.A.U.
14. Kanegrade
15. Moll Marzipan GmBH
16. Kondima
17. CSM
18. Treehouse Almonds
19. Royal Nut Company
20. Stelliferi & Itavex S.p.A

Key questions answered in the Nut Products Market are:

• What is the market trend in nut Products?
• Who is the biggest supplier of nut Products?
• Who is the biggest nut Products producer in the world?
• What is the forecast period for the Global Nut Products Market?

Key Offerings:

• Past Nut Products Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Nut Products Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• § Competitive landscape - Nut Products Market Leaders, Market Followers, Regional player
• § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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About Maximize

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