The Asia Pacific Macadamia Nut Market would witness market growth of 12.4% CAGR during the forecast period (2021-2027).
Macadamia nuts are grown and found in Australia. It is a fruit obtained from the tree named, Macadamia tree that is mainly found in eastern Australia. They are about an inch in diameter and have a shiny texture with a leathery outer shell. They are commonly cultivated in Australia while commercially cultivated in Hawaii and some parts of California and Florida. The macadamia nuts are also called Queensland Nuts or Australian Nuts. These nuts find their applications in several industries due to their nutritional properties and unique taste.
In Asia-Pacific, Australia is the largest exporter of macadamia nuts. There is a constant demand for macadamia nuts from Japan, whereas Queensland export has witnessed a significant decline in the past few years. In the current scenario, the Australian macadamia nuts are purchased at a wholesale rate and processed & repacked by Japanese brands. In addition, the growing awareness among the population about a healthy diet and working out are some of the determinants that are anticipated to contribute to the growth of the market.
Moreover, macadamia nuts application is found in several food and personal care products due to which the demand for macadamia nuts is increasing, which is propelling the regional market growth. Additionally, it is anticipated that there will be a significant rise in macadamia production in Queensland. Thus, the large-scale consumption of macadamia nuts in the region would offer lucrative opportunities for the regional players operating in the regional macadamia nuts market. Some of the major consumers of macadamia nuts are Australia, New Zealand, and China and this product is utilized in the preparation of several regional foods.
The China market dominated the Asia Pacific Online Market by Country in 2020, thereby, achieving a market value of $69 million by 2027. The Japan market is showcasing a CAGR of 14.3% during (2021 - 2027). Additionally, The Australia market is anticipated to grow at a CAGR of 14.4% during (2021 - 2027).
Based on Processing, the market is segmented into Conventional and Organic. Based on Product, the market is segmented into Raw, Roasted and Coated. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Macadamia Nut Market is Projected to reach USD 2.8 Billion by 2027, at a CAGR of 11.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hawaiian Host Group (HHML Acquisition LLC), Health and Plant Protein Group Limited, Hamakua Macadamia Nut Company, North Shore Macadamia Nut Company, Superior Nut Company, Inc., Treat Of The Day LLC (Macadamia.US), Makua Coffee Company, T.M. Ward Coffee Company, Inc. and Dr. Paulo’s Kona Coffee & Macadamia Nut Farms.
By Processing
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