Steady Expansion Forecast for Nut Ingredients Market, Projected to Reach $33.73 Billion by 2029

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Nut Ingredients Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for nut ingredients has experienced substantial growth over the past few years. The predictions show an increase from $24.84 billion in 2024 to $26.33 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this growth in the historical period include heightened health consciousness, the flourishing snack food industry, enhanced nutritional knowledge, innovation in the development of food products, a rise in disposable income, and the shift towards healthier snacking options.

Nut Ingredients Market Size Forecast: What's the Projected Valuation by 2029?
The market for nut ingredients is anticipated to experience significant expansion in the upcoming years, reaching a valuation of $33.74 billion in 2029, at a compound annual growth rate (CAGR) of 6.4%. The predicted growth in this span is owed to the rising production of spreads made from nuts, the demand for products devoid of gluten, their incorporation into health and wellness trends, the creativity in beverages involving nuts, the expanding market for nutritional bars, and the emphasis on ethical, sustainable sourcing. Key trends projected for this period encompass the broadening range of product offerings enhanced by nuts, a focus on clean labels and natural ingredients, inventive nut-based dairy substitutes, the inclusion of nuts in sweets, and sustainable and ethically sourced ingredients.

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What Are the Drivers Transforming the Nut Ingredients Market?
The escalating numbers of obesity cases are speculated to propel the growth of the nut ingredients market. Defined by an abnormal or excess accumulation of fat that can threaten health, obesity can be mitigated by the consumption of nut ingredients such as hazelnuts, pine nuts, peanuts and walnuts, which aid in the reduction of both desirable and undesirable cholesterol levels. Consequently, as obesity rates continue to climb, so does the demand for these nut ingredients. Citing an example from March 2022, the World Health Organization (WHO), a United Nations specialty body based in Switzerland that is tasked with the function of international public health, stated that there are 650 million adults, 340 million teenagers, and 39 million children globally who are suffering from obesity. These figures continue to grow, and it is projected that by the year 2025, 167 million adults and children will experience health loss as a result of being overweight or obese. Thus, the nut ingredients market is receiving a significant boost due to the growing trend of obesity.

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What Long-Term Trends Will Define the Future of the Nut Ingredients Market?
Product innovation is a rising trend in the nut ingredients market, with key players in this industry focusing on unveiling novel products to maintain their market stature. ProV Foods Private Limited, an India-centric food products firm, for instance, launched ProV Minis in January 2023. The product, a customized version for the Indian market, features snack packs of small size, filled with flavored dry fruits, nuts, and seeds. This makes ProV Minis a perfect choice for nutritious on-the-go snacking. Whether as a quick alternative for breakfast or a packed school lunch, the product offers a healthy option. The first batch of ProV Minis flavors include Cashew Roasted & Salted, Nut & Seed Mix, Cashew Creamy Cheese, Cashew ed Pepper, Almonds Roasted & Salted, and Almonds Piri Piri.

Which Segments in the Nut Ingredients Market Offer the Most Profit Potential?
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

Subsegments:
1) By Cashews: Raw Cashews, Roasted Cashews, Cashew er
2) By Walnuts: Chopped Walnuts, Ground Walnuts, Walnut Oil
3) By Almonds: Whole Almonds, Sliced Almonds, Almond Flour, Almond er
4) By Hazelnuts: Whole Hazelnuts, Chopped Hazelnuts, Hazelnut Oil

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Which Firms Dominate the Nut Ingredients Market by Market Share and Revenue in 2025?
Major companies operating in the nut ingredients market 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

Which Regions Offer the Highest Growth Potential in the Nut Ingredients Market?
North America was the largest region in the nut ingredients market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nut ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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