Press release
Nuts Market to Reach $99.7 Bn by 2032 Driven by Healthy Snacking & Plant-Based Diets
Overview of the MarketThe global nuts market continues to be one of the most dynamic segments within the food and snacks industry, reflecting changing consumer preferences for healthier, nutrient-rich food options. As lifestyles evolve and health consciousness rises, nuts have emerged as a staple in diets worldwide due to their high protein, fiber, and essential fatty acid content. According to forecasts, the global nuts market is expected to grow from US$ 67.5 billion in 2025 to US$ 99.7 billion by 2032, registering a steady CAGR of 5.7% during the forecast period. This growth is strongly driven by the rising demand for plant-based protein alternatives, clean-label products, and convenient snacking solutions.
Among product segments, almonds and peanuts dominate the market, with strong consumption across both developed and developing countries. Almonds are particularly popular due to their versatility in snacks, bakery, and dairy alternatives. Meanwhile, peanuts remain the most widely consumed owing to their affordability and widespread use in spreads, confectionery, and snacks. Geographically, Asia-Pacific leads the global nuts market, propelled by a rapidly growing middle-class population, changing dietary habits, and increased incorporation of nuts in traditional and modern cuisines. The region's large-scale agricultural production also contributes to its leading position.
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Key Highlights from the Report
The global nuts market is forecast to expand at a CAGR of 5.7% from 2025 to 2032.
Market value is expected to increase from US$ 67.5 Bn in 2025 to US$ 99.7 Bn by 2032.
Asia-Pacific remains the leading region due to high consumption and large-scale production.
Almonds and peanuts account for the largest share among nut varieties.
Rising demand for plant-based diets and healthy snacks drives global growth.
Technological advancements in processing and packaging are boosting product innovation.
Market Segmentation
The nuts market can be segmented based on product type, form, and end-user applications. By product type, almonds, peanuts, walnuts, cashews, pistachios, and hazelnuts hold significant shares. Almonds and peanuts are the largest contributors, with walnuts and cashews following closely, particularly in premium markets. Each nut type has its unique nutritional profile and cultural relevance, ensuring diverse global demand.
In terms of form, the market includes raw, roasted, flavored, and processed nuts. Roasted and flavored nuts are increasingly popular among younger consumers seeking on-the-go snacking options with enhanced taste. Processed nuts also play a major role in the food industry, where they are incorporated into confectionery, bakery, dairy alternatives, and spreads.
From an end-user perspective, household consumption dominates the market, driven by snacking habits and health trends. However, the food and beverage industry represents a rapidly growing segment, with nuts being used as ingredients in protein bars, nut-based milk, and plant-based spreads. The cosmetic and pharmaceutical industries also use nuts, particularly almond and walnut oil, for their therapeutic and nutritional benefits.
Regional Insights
Regionally, Asia-Pacific dominates the global nuts market, fueled by a growing middle-class population and rising consumer expenditure on healthier food options. China, India, and Japan are major consumers, while countries like India and Vietnam are also key exporters of cashews and peanuts.
North America is another significant market, with the United States being one of the largest consumers and exporters of almonds, walnuts, and pistachios. Rising health consciousness, coupled with a preference for plant-based diets, has strengthened demand in the region.
In Europe, countries such as Germany, the UK, and France show strong consumption of nuts, particularly almonds and hazelnuts, due to their integration into bakery, confectionery, and dairy products. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by favorable climatic conditions for nut cultivation and increasing urban consumption trends.
Market Drivers
The growth of the global nuts market is primarily driven by the rising consumer preference for healthy and functional foods. Nuts are packed with protein, omega-3 fatty acids, vitamins, and minerals, making them a natural choice for health-focused consumers. The surge in plant-based diets and vegan lifestyles has also contributed significantly to nut consumption, as they serve as an alternative source of protein. Additionally, increasing demand for convenient, on-the-go snacks and rising awareness about the benefits of nuts in preventing chronic diseases such as heart conditions and obesity further drive market expansion.
Market Restraints
Despite strong growth prospects, the nuts market faces challenges. Price volatility due to fluctuating agricultural yields, climate change, and supply chain disruptions remains a major restraint. Nuts are also relatively expensive compared to other snacks, which limits consumption in price-sensitive regions. Additionally, the risk of allergies, particularly with peanuts, poses a health concern and reduces potential consumer groups. Quality issues during storage and processing, such as aflatoxin contamination, also restrict smooth growth in some markets.
Market Opportunities
The nuts market presents numerous opportunities, particularly in the area of value-added and innovative products. Growing demand for nut-based milk, butter, protein powders, and snack bars provides lucrative avenues for manufacturers. The luxury and premium nuts category also shows potential, with flavored, organic, and sustainably sourced nuts gaining traction. Emerging economies in Asia-Pacific, Latin America, and the Middle East are expected to offer new growth opportunities as rising incomes and urbanization shift consumer dietary patterns. Furthermore, investments in sustainable farming practices and technology-driven processing open pathways for long-term growth and global market penetration.
Reasons to Buy the Report
Comprehensive analysis of global nuts market size, growth forecasts, and trends.
In-depth understanding of key drivers, restraints, and opportunities shaping the industry.
Detailed segmentation by product type, form, and end-user applications.
Regional insights covering major consumption and production markets worldwide.
Competitive analysis highlighting leading players and recent industry developments.
Frequently Asked Questions (FAQs)
How Big is the Market?
Who are the Key Players in the Global Market for Nuts?
What is the Projected Growth Rate of the Market?
What is the Market Forecast for 2032?
Which Region is Estimated to Dominate the Industry through the Forecast Period?
Company Insights
Key players operating in the global nuts market include:
• Blue Diamond Growers
• Olam International Limited
• Archer Daniels Midland Company (ADM)
• Borges International Group
• Mariani Nut Company
• The Wonderful Company LLC
• John B. Sanfilippo & Son, Inc.
• Kanegrade Limited
• Diamond Foods, Inc.
• Sun-Maid Growers of California
Recent Developments:
In 2024, Blue Diamond Growers launched a new line of flavored almond snacks targeting health-conscious millennials.
In 2025, Olam International invested in sustainable peanut farming initiatives across Asia to enhance production efficiency and meet growing demand.
Conclusion
The global nuts market is set to witness robust expansion, growing from US$ 67.5 billion in 2025 to US$ 99.7 billion by 2032, driven by consumer demand for healthier, plant-based, and convenient food options. While challenges such as price volatility and allergy concerns persist, the market's future is bright with opportunities in value-added products, sustainable farming, and emerging economies. As leading players continue to innovate and invest in new product categories, the global nuts market is positioned to remain a vital segment of the global food industry, blending nutrition with convenience and sustainability.
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