Press release
2025-2034 Nut Products Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Nut Products
What Will the Nut Products Industry Market Size Be by 2025?
The market size for nut products has seen impressive expansion in the past few years. The market's growth is expected to progress from $4.25 billion in 2024 to $4.56 billion in 2025, representing a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this upswing in the historical period include health and nutrition trends, versatility in cooking, health-conscious marketing, changing dietary habits, and studies highlighting their health advantages.
What's the Long-Term Growth Forecast for the Nut Products Market Size Through 2029?
Expectations suggest a robust expansion in the nut products market size in the upcoming years. It is projected to reach $6.28 billion by 2029, registering a compound annual growth rate (CAGR) of 8.3%. The growth during this forecast period can be credited to factors such as culinary adaptability and cultural influences, demand for functional foods and ingredients, sustainable and moral consumption practices, inventive products based on nuts, and the worldwide spread of different nut varieties. The forecast period will also witness major trends such as the impact of digital and social media, availability of easy and quick snacks, global culinary amalgamation, strategic partnerships, and sustainable and ethically sourced products.
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What Are the Key Growth Drivers Fueling the Nut Products Market Expansion?
The increase in health-aware individuals is predicted to spur the expansion of the nut products market in the future. Health consciousness relates to the understanding and awareness of health, medical requirements, illnesses, healthcare, and preventive measures in general. Due to the escalating awareness of health and shifting dietary preferences amongst consumers, there's an escalated demand for nut products because they provide several nutrients, antioxidants, and triglycerides. For example, an online survey of 3,000 Americans conducted by the International Food Information Council (IFIC), a non-profit institution based in the US which supplies scientifically-grounded information on food safety, health, and nutrition, showed that 54% of Americans pursued a healthy diet or eating habit in June 2024, a significant increase from 52% in 2023. Consequently, the burgeoning number of health-aware individuals is propelling the growth of the nut product market.
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What Are the Key Trends Driving Nut Products Market Growth?
The nut products market is currently witnessing a trend of innovative products. Companies are honing in on the development and release of groundbreaking products. An illustration of this is the Beech-Nut Nutrition Company, headquartered in Switzerland and renowned for their baby food products, which in August 2022, brought a New Veggie-Forward Crispeas Snack to the market. This is an innovative snack variant for toddlers and older children. Crispeas are created by transforming peas into puffed pea mini sticks with a crispy texture and a savory, delightful taste. This snack innovation simplifies the integration of fruits and vegetables into children's meals and is non-GMO, gluten-free, and grain-free. Beech-Nut's snack offerings have been expanded to include this latest innovation, with melties, hidden vegetable mini-waffles, and fruity oat bars already in the lineup.
How Is the Nut Products Market Segmented?
The nut products market covered in this report is segmented -
1) By Product Type: Nut Butter, Nut Paste Or Marzipan Paste Or Persipan Paste, Nut Fillings With Cocoa, Nut Fillings Without Cocoa, Caramelized Nuts, Nut Flour
2) By Nut Type: Almonds, Hazelnuts, Walnuts, Cashews, Peanuts, Pistachios
3) By Form: Roasted Form, Unroasted Form
4) By Category: Organic, Conventional
5) By Application: Industrial Food Manufacturers, Chocolate Confectionery Products, Bakery Products, Ice Cream And Frozen Desserts, Cereals And Snack Bars, Beverages, Savory Products, Foodservice And Bakeries, Bakery Shops
Subsegments:
1) By Nut Butter: Almond Butter, Cashew Butter, Walnut Butter, Hazelnut Butter
2) By Nut Paste Or Marzipan Paste Or Persipan Paste: Marzipan (Almond Paste), Persipan (Apricot Kernel Paste), Other Nut Pastes
3) By Nut Fillings With Cocoa: Hazelnut Cocoa Filling, Chocolate Almond Filling
4) By Nut Fillings Without Cocoa: Nut Cream Fillings, Fruit And Nut Fillings
5) By Caramelized Nuts: Caramelized Almonds, Caramelized Cashews, Caramelized Walnuts
6) By Nut Flour: Almond Flour, Cashew Flour, Hazelnut Flour, Walnut Flour
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Which Companies Are Leading the Charge in Nut Products Market Innovation?
Major companies operating in the nut products market are Olam International Limited, Barry Callebaut AG, Blue Diamond Growers, Kerry Group PLC, Zentis GmbH & Co. KG, Mount Franklin Foods LLC, Mandelin Inc., Besana Group S.p.A., Lubeca GmbH, Puratos Group NV, Almendras Llopis S.A.U., Kanegrade Limited, Moll Marzipan GmbH, Kondima Engelhardt GmbH & Co. KG, Treehouse Almonds, Royal Nut Company, CSM Bakery Solutions LLC, Waterford Nut Company, Tierra Farm Inc., Hormel Foods Corporation, Honeyville Inc., Braden Farms Inc., Sun Organic Farms, HBS Natural Choice LLC, South Valley Farms, Ludlow Nut Co Ltd., Kar Nut Products Co., Lotte Corporation, Dori Alimentos S.A., Georgia Nut Company
Which Regions Are Leading the Global Nut Products Market in Revenue?
Europe was the largest region in the nut products market in 2024. The regions covered in the nut products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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