The Europe Nuts Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030).
The need for organic products has increased in recent years, resulting in a rise in organic farming. Hence, leading market players turn to organic farming to attract health-conscious consumers. Additionally, raw nuts and nutmeals are increasingly used in cooking and blended into snacks like trail mixes. For instance, in March 2020, the sports nutrition brand Acti-snack introduced a new line of healthy snack mixes. Three variants of the product are available: Natural Nut, Fruit & Nut, and Nut & Seed.
Nuts are a popular and nutritious snack option. They are often consumed naturally, such as almonds or peanuts, or in various flavored and seasoned versions to cater to different tastes. Nuts are commonly used as ingredients in baking. They can be added to cookies, cakes, bread, and muffins to enhance flavor and provide texture. For example, walnut or pecan pieces are often used in brownies, and almond slices can be used as toppings on pastries. Nuts are processed into nut butter, such as peanut butter, almond butter, or cashew butter. These spreads are used as sandwich fillings, ingredients in various recipes, and as dips for fruits and vegetables.
According to the Nuts & Dried Fruits Statistical Yearbook, the consumption of almonds, Brazil nuts, and cashew in Germany in 2021 was approximately 86,933 MT, 3,634 MT, and 53,621 MT, respectively. The growing consumption of almonds, Brazil nuts, and cashews in Germany will likely drive the nuts market's growth. As consumers become more health-conscious and seek diverse, nutritious, and sustainable food options, these specific nuts are expected to remain popular.
According to the same source, the UK imported 9,659 MT, 4,711 MT, and 11,252 MT, of hazelnuts, pistachio, and walnut in 2021 respectively. The versatility of hazelnuts, pistachios, and walnuts allows for culinary creativity. They can be utilized in sweet and savory dishes, enhancing their appeal to chefs and home cooks. As consumers increasingly prioritize health, sustainability, and diverse food options, these specific nuts are expected to remain popular for many applications. Due to the above-mentioned factors, the nuts market will grow significantly in this region.
The Germany market dominated the Europe Nuts Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,241.7 million by 2030. The UK market is experiencing a CAGR of 3.8% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 5.5% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Peanuts, Almonds, Cashew, Walnuts, Hazelnuts, Pistachios and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Nuts Market will Hit $77 Billion by 2030, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Diamond Foods, LLC, Blue Diamond Growers, Inc., Olam Group Limited, Hines Nut Company, Germack Roasting Company, LLC, Hampton Farms, Mariani Nut Company, Durak Findik, Grower Direct Nut Company, Inc., and John B. Sanfilippo & Son, Inc.
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