LAMEA Nut Products Market Size, Share & Industry Trends Analysis Report By Product Type, By Nut Type, By Category (Conventional and Organic), By Quality (Standard and Premium), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Nut Products Market would witness market growth of 9.1% CAGR during the forecast period (2022-2028).
The market for nut goods is anticipated to be driven by customers' growing preference for gluten-free and plant-based products as well as rising health consciousness. The increased consumption of nuts has foreshadowed the rise of the market as a result of rising population growth, urbanization, and rising disposable income.
The popularity of convenience foods in developed nations, such as nut snacks, is another factor driving the market. Additionally, during the forecast period, manufacturers of novel flavored nuts have predicted market expansion. Also, as a result of changing lifestyle habits and demographics, such as the rise in the number of working women, the nut products market has experienced tremendous expansion.
The region's growing working population and demanding work schedules have had an effect on how much food is purchased from outside sources. Retailers in Latin America are responding to the rising demand for nutritious foods by introducing nut-fused organic baked goods, filling breakfast options, and "free-from" products while maintaining customer loyalty. These factors have fueled the nut product market's expansion in this region.
The Brazil market dominated the LAMEA Nut Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $172.8 million by 2028.The Argentina market is experiencing a CAGR of 9.6% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 8.8% during (2022 - 2028).
Based on Product Type, the market is segmented into Nut Pastes/ Marzipan Paste/ Persipan Paste, Nut Butter, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts and Nut Flour. Based on Nut Type, the market is segmented into Hazelnuts, Almonds, Peanuts, Walnuts, Cashews, Pistachios, Macadamias, Pine Nuts, Brazil Nuts and Others. Based on Category, the market is segmented into Conventional and Organic. Based on Quality, the market is segmented into Standard and Premium. Based on Application, the market is segmented into Industrial Food Manufacturers and Foodservice & Bakeries. Based on Industrial Food Manufacturers Type, the market is segmented into Chocolate Confectionery Products, Bakery Products, Ice Cream & Frozen Desserts, Beverages, Cereals & Snack Bars and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Nut Products Market is Predict to reach $9.7 Billion by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, The Barry Callebaut Group, Olam International Limited, Puratos NV/SA, Mount Franklin Foods, LLC, Zentis Group, Mandelin, Inc., Royal Nut Company, Kanegrade Ltd., and Blue Diamond Growers, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Nut Pastes/ Marzipan Paste/ Persipan Paste
- Nut Butter
- Nut Fillings with Cocoa
- Nut Fillings without Cocoa
- Caramelized Nuts
- Nut Flour
By Nut Type
- Pine Nuts
- Brazil Nuts
- Industrial Food Manufacturers
- Chocolate Confectionery Products
- Bakery Products
- Ice Cream & Frozen Desserts
- Cereals & Snack Bars
- Foodservice & Bakeries
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Kerry Group PLC
- The Barry Callebaut Group
- Olam International Limited
- Puratos NV/SA
- Mount Franklin Foods, LLC
- Zentis Group
- Mandelin, Inc.
- Royal Nut Company
- Kanegrade Ltd.
- Blue Diamond Growers, Inc.
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