Press release
Global Nuts Market Projected to Surpass $79 Billion by 2029 with 6.2% Annual Growth
Nuts
The rising popularity of plant-based diets is expected to boost the growth of the nuts market. Plant-based diets, focused on plant-derived foods like fruits, vegetables, grains, and nuts, are becoming more common due to health, environmental, and ethical considerations. Nuts are a popular part of these diets, providing a rich source of protein, healthy fats, and other essential nutrients. In May 2023, the Plant Based Foods Association reported that plant-based food sales grew by 6.6% in 2022, helping drive the demand for nuts.
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What Is the projected market size and growth rate for the nuts market?
The nuts market has expanded strongly, increasing from $58.33 billion in 2024 to $62.13 billion in 2025 at a CAGR of 6.5%. Growth factors include rising awareness of health benefits associated with nut consumption, increased demand for plant-based protein sources, the growing popularity of snacking culture, dietary shifts toward natural and wholesome foods, and the emergence of nut-based alternatives in food products.
The Nuts Market is expected to expand to $79 billion by 2029, with a CAGR of 6.2%. Growth will be driven by climate change affecting nut production and distribution, shifting consumer preferences for organic and sustainably sourced nuts, demographic changes, increasing nut-based product adoption in the food and beverage industry, and their integration into functional foods and nutraceuticals. Key trends include innovative nut snacks and trail mixes, rising demand for premium and gourmet nut products, development of fortified nut products with added health benefits, expansion into non-food sectors such as cosmetics and personal care, and the increasing use of nuts in plant-based meat substitutes and dairy alternatives.
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What new trends are reshaping the nuts market and its opportunities?
Companies in the nuts market are innovating with products like flavored snack nuts to cater to evolving consumer preferences. Flavored snack nuts are seasoned or coated with various flavorings to enhance taste. In April 2024, PLANTERS, a US-based snack food company, launched PLANTERS Nut Duos Snacks, featuring combinations of two nut types and flavors. Varieties include Buffalo Cashews and Ranch Almonds, Cocoa Cashews and Espresso Hazelnuts, and Parmesan Cheese Cashews and Peppercorn Pistachios, offering a unique snacking experience.
What major market segments define the scope and growth of the nuts market?
The nuts market covered in this report is segmented -
1) By Products: Almonds, Peanuts, Cashew, Walnuts, Hazelnuts, Pistachios
2) By Distribution Channel: Retail Sales, Supermarkets Or Hypermarkets, Conventional Stores, Food And Drink Specialty Stores, Traditional Grocery Stores, Franchise Outlets, Online Retail
3) By Application: Snack Foods, Bakery And Confectionery, Cereals And Granola Bars, Nutritional And Health Foods, Cooking And Culinary Applications, Nut-Based Milk And Dairy Alternatives, Cosmetics And Personal Care, Industrial Use
Subsegments:
1) By Almonds: Raw Almonds, Roasted Almonds, Salted Almonds, Flavored Almonds, Sliced Almonds, Almond Butter, Almond Milk, Almond Flour, Blanched Almonds
2) By Peanuts: Raw Peanuts, Roasted Peanuts, Salted Peanuts, Peanut Butter, Peanut Flour, Dry-Roasted Peanuts, Flavored Peanuts, Peanut Oil
3) By Cashews: Raw Cashews, Roasted Cashews, Salted Cashews, Cashew Butter, Cashew Milk, Flavored Cashews, Cashew Pieces, Cashew Nuts In Shell
4) By Walnuts: Raw Walnuts, Roasted Walnuts, Salted Walnuts, Chopped Walnuts, Walnut Oil, Walnut Butter, Flavored Walnuts
5) By Hazelnuts: Raw Hazelnuts, Roasted Hazelnuts, Salted Hazelnuts, Hazelnut Butter, Hazelnut Milk, Flavored Hazelnuts, Ground Hazelnuts
6) By Pistachios: Raw Pistachios, Roasted Pistachios, Salted Pistachios, Pistachio Butter, Pistachio Oil, Flavored Pistachios, Shelled Pistachios, Pistachio Kernels
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What regions are leading the charge in the nuts market?
Europe was the largest region in the nuts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nuts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the nuts industry growth?
Major companies operating in the nuts market are Cargill Incorporated, Nestle S.A., Archer Daniels Midland Company, BASF SE, PepsiCo Inc., Olam International Ltd., Mondelez International, Kraft Heinz Company, Dupont danisco, The J.M. Smucker Company, Nutreco, Novozymes AS, Blue Diamond Growers, Chr. Hansen Holding AS, John B. Sanfilippo & Son Inc., Diamond Foods Inc., Hampton Farms Inc., Novus International Inc., Borges Agricultural & Industrial Nuts, Tropical Foods Company Inc., Nutiva, Mariani Nut Company, Tierra Farm Inc., Star Snacks, Hines Nut Company, Royal Nut Company, Waterford Nut Company, WeAreBio, Germack Pistachio Company
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What Is Covered In The Nuts Global Market Report?
•Market Size Forecast: Examine the nuts market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the nuts market for a structured understanding.
•Key Players Overview: Analyze major players in the nuts market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the nuts market.
•Segment Contributions: Evaluate how different segments drive overall growth in the nuts market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the nuts market.
•Industry Challenges: Identify potential risks and obstacles affecting the nuts market.
•Competitive Landscape: Review strategic developments in the nuts market, including expansions, agreements, and new product launches.
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