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Nuts Market to Surge to US$ 99.7 Bn by 2032, Growing at a 5.7% CAGR | Persistence Market Research

05-06-2025 08:08 AM CET | Food & Beverage

Press release from: Persistence Market Research

Nuts Market

Nuts Market

The global nuts market is witnessing an upward trajectory, driven by rising consumer demand for nutritious, plant-based snacks, and ingredients. Valued at approximately US$ 67.5 billion in 2025, the market is forecast to grow at a steady compound annual growth rate (CAGR) of 5.7%, reaching a projected value of US$ 99.7 billion by the end of 2032. This growth is supported by factors like the growing trend towards healthy eating, the expansion of the vegan and plant-based food movement, and the increasing consumption of nuts across multiple sectors such as snacks, bakery, and confectionery.

Nuts, being rich in essential nutrients like protein, healthy fats, vitamins, and minerals, are rapidly becoming a staple in the global diet. This article delves into the dynamics of the global nuts market, highlighting its key drivers, segments, opportunities, and challenges, as well as providing insights into regional trends and forecasts. From almonds to cashews, this comprehensive guide covers everything you need to know about the current state and future growth of the nuts market.

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✅ Overview of the Market

The global nuts market is projected to expand at a CAGR of 5.7% from 2025 to 2032, with a market value of US$ 67.5 billion in 2025, reaching US$ 99.7 billion by the end of 2032. Key drivers of this growth include increasing consumer awareness about the health benefits of nuts, their incorporation into plant-based and clean-label diets, and their use in various food products. The shift towards healthier snacking options, including nuts and nut-based products, has been further amplified by the COVID-19 pandemic, which encouraged consumers to seek out nutrient-dense snacks that could provide both energy and health benefits.

The leading segment within the nuts market is expected to be almonds, followed closely by cashews and walnuts. Almonds are particularly popular due to their versatility in various applications, ranging from snacks and dairy substitutes to culinary uses. Geographically, North America is the dominant region in the global nuts market, owing to its large consumer base, growing demand for health-conscious snacks, and the presence of key market players in the region. Additionally, the Asia-Pacific region is expected to exhibit strong growth due to increasing awareness of healthy diets and the growing middle class in countries such as China and India.

✅ Key Highlights from the Report:

➤ The global nuts market is forecast to grow at a CAGR of 5.7%, reaching US$ 99.7 billion by 2032.
➤ Almonds are the leading segment in the global nuts market, followed by cashews and walnuts.
➤ North America holds the largest market share, driven by a growing demand for healthy snacks.
➤ The increasing popularity of plant-based and vegan diets is boosting the nuts market.
➤ The growing awareness of the nutritional benefits of nuts, including healthy fats and protein, is driving consumption.
➤ The Asia-Pacific region is expected to exhibit significant growth in the coming years due to rising disposable incomes and health trends.

✅ Market Segmentation

The global nuts market is segmented based on product type, end-user applications, and geography. By product type, the market includes almonds, cashews, walnuts, pistachios, hazelnuts, and others. Among these, almonds lead the market in both volume and value, due to their versatile use in a wide range of applications, such as snacks, dairy alternatives (like almond milk), and confectioneries. Cashews and walnuts follow closely behind, often used in snacks and processed food products. Hazelnuts and pistachios also hold significant market shares, particularly in confectionery and bakery sectors.

In terms of end-users, the market is broadly segmented into direct consumption (as snacks) and processed foods, which include products like nut butters, oils, and confectionery items. Direct consumption is expected to hold a substantial share of the market due to the increasing demand for healthy, on-the-go snacks. On the other hand, the processed food segment is growing rapidly, fueled by the incorporation of nuts into bakery products, chocolates, spreads, and other processed snacks. As consumers seek nutritious alternatives to traditional snack foods, the processed food segment is expected to see a continued rise in demand.

✅ Regional Insights

The North American nuts market is the largest and most mature, driven by a high demand for nuts as snacks and ingredients in various food products. The U.S., in particular, is the leading consumer of almonds and cashews, both in whole and processed forms. The popularity of plant-based diets, including veganism and vegetarianism, has further spurred the demand for nuts in North America, particularly almonds, as they are a key ingredient in dairy alternatives like almond milk and cheese.

In contrast, the Asia-Pacific region is expected to experience the highest growth in the global nuts market during the forecast period. Countries such as China, India, and Japan are becoming more health-conscious, contributing to the rising demand for nuts as part of a balanced diet. Moreover, increasing disposable incomes in these countries are making nuts more accessible to the growing middle class, driving market growth. The region's increasing interest in plant-based diets and healthier snacking options presents a significant opportunity for the market.

✅ Market Drivers

The growth of the nuts market can be attributed to several key drivers. First, there is a rising global awareness of the health benefits of nuts, which are rich in essential nutrients like healthy fats, protein, fiber, vitamins, and antioxidants. Consumers are becoming more health-conscious, with many opting for plant-based and clean-label foods, which aligns with the growing demand for nuts as part of a healthy diet.

Second, the increasing popularity of snacking, particularly among millennials and health-conscious consumers, is driving the demand for convenient, on-the-go nut-based snacks. Nuts are widely recognized for their convenience and portability, making them a popular choice for those seeking a quick, nutritious snack. Furthermore, nuts are gaining popularity in various food applications such as nut butters, oils, plant-based milks, and confectionery, expanding their reach beyond traditional snack foods.

✅ Market Restraints

Despite the significant growth prospects, the nuts market faces certain challenges. One of the major restraints is the price volatility of nuts due to factors such as climatic conditions, crop yields, and geopolitical factors that affect the supply chain. For instance, almond production is heavily concentrated in California, and any adverse weather conditions such as droughts can significantly impact the supply and pricing of almonds. These fluctuations in prices can be a challenge for both consumers and manufacturers, as higher costs can deter purchases or squeeze profit margins.

Another challenge is the growing concern over allergies, particularly peanut allergies, which can limit the consumption of certain nuts in specific regions. Although almonds, cashews, and other nuts are becoming more popular, the prevalence of nut allergies, especially among children, can pose a challenge to market growth in certain areas.

✅ Market Opportunities

The nuts market presents several opportunities for growth. One significant opportunity lies in the increasing demand for plant-based products. As more consumers turn to plant-based diets, nuts are becoming a crucial ingredient in dairy alternatives, plant-based snacks, and vegan products. This shift in dietary preferences presents an opportunity for brands to innovate and develop new nut-based products that cater to this growing consumer base.

Additionally, the demand for premium and organic nuts is on the rise. As consumers become more discerning about the quality of the food they consume, they are increasingly seeking organic and sustainably sourced nuts. Brands that focus on organic certifications and environmentally friendly production practices are well-positioned to capitalize on this trend.

✅ Frequently Asked Questions (FAQs)

➔ How Big is the Global Nuts Market?
➔ Who are the Key Players in the Global Nuts Market?
➔ What is the Projected Growth Rate of the Nuts Market?
➔ What is the Market Forecast for Nuts by 2032?
➔ Which Region is Estimated to Dominate the Nuts Market during the Forecast Period?

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): www.persistencemarketresearch.com/samples/33777

Company Insights

✦ Olam Group
✦ BASF SE
✦ Archer Daniels Midland (ADM)
✦ Blue Diamond Growers
✦ Diamond Foods, Inc.

✅ Recent Developments:

■ Olam Group has expanded its presence in the Asian market by increasing its nut processing capacity to meet rising demand.
■ Blue Diamond Growers launched new almond-based snacks in various flavors, targeting the growing health-conscious snack market.

The global nuts market is set to experience significant growth over the next several years, driven by increasing consumer interest in health and wellness, as well as the growing popularity of plant-based and vegan diets. As market players continue to innovate with new products and cater to the rising demand for healthier snacking options, the market is poised for continued expansion, offering ample opportunities for businesses to capitalize on evolving consumer preferences.

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About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

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