The Asia Pacific Shelled Pistachio Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 2,521.3 tonnes, showcasing a growth of 4.1% (2019-2022).
The rise of shelled pistachios is supported by a complex web of influential factors. The foremost factor in this is the surging trend of health awareness and Western influences spread throughout developing regions. As a nibble, pistachios have become a beacon of health, abundant in protein, fiber, and lipids that are good for the heart.
There's a growing preference for healthier snacking options. Shelled pistachios, being easy to consume and carry, have found favour among consumers as an on-the-go snack. As the demand for functional foods (foods with health benefits beyond essential nutrition) increases, shelled pistachios have been integrated into products like energy bars, protein bars, and other health-centric products. Pistachio producers and boards have been promoting the nut through various marketing campaigns highlighting its health benefits, leading to increased consumer awareness and consumption.
Plant-based diets often include a wide variety of nuts and seeds as sources of protein, healthy fats, and essential nutrients. Shelled pistachios, being a plant-based protein source, have seen increased demand from individuals following plant-based diets. Plant-based diets often require careful planning to ensure that individuals receive a balanced intake of nutrients. Shelled pistachios can contribute to achieving this balance by providing protein, healthy fats, and various vitamins and minerals.
The Asia Pacific region is diverse, encompassing various cultures, dietary habits, and economic developments. In countries with a significant Muslim population, like Indonesia and Malaysia, pistachios are prevalent during Ramadan as they are consumed during Iftar (the breaking of the fast). Beyond consumption, pistachios play a role in certain religious rituals and ceremonies. They're considered auspicious and are offered during pujas (worship rituals) and festive occasions. The rising disposable income, especially in urban areas, increases expenditure on premium food items like pistachios. Hence, all of these elements work together to expedite the growth of the regional market.
The China market dominated the Asia Pacific Shelled Pistachio Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $210.8 Million by 2030. The Japan market is estimated to witness a CAGR of 6.8% during (2023 - 2030). Additionally, The India market would register a CAGR of 8.2% during (2023 - 2030).
Based on Type, the market is segmented into Processed, and Raw. Based on Sales Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retails, and Others. Based on Nature, the market is segmented into Conventional, and Organic. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Shelled Pistachio Market is Projected to reach USD 2.6 Billion by 2030, at a CAGR of 6.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Wonderful Company LLC, Fiddyment Farms, Inc., Bella Viva, Orchards Inc., Braga Organic Farms, Ayd?n Kuruyemi? Sanayii ve Ticaret A.?, RM Curtis and Co Ltd., Olam Group Limited (Temasek Capital), Primex International Trading Corporation, HORIZON Nut Company, LLC, and Nichols Farms
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Sales Channel (Volume, Tonnes, USD Million, 2019-2030)
By Nature (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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