The Latin America, Middle East and Africa Shelled Pistachio Market would witness market growth of 8.5% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 1,518.0 tonnes, showcasing a growth of 10.2% (2023-2030).
While traditional roasted and salted pistachios remain popular, there's been a rise in flavoured pistachios to cater to diverse consumer palates. Flavors like chili-lime, honey-roasted, and even chocolate-covered pistachios have made their way to the market. Companies have invested in innovative packaging solutions for shelled pistachios to maintain freshness and increase shelf life. There's also a push towards using sustainable packaging materials.
As middle-class populations in emerging markets grow, there's a higher demand for diverse food products, including pistachios. Continuous R&D in the sector can lead to improved yield, pest resistance, and better quality of pistachios. Such improvements can drive down costs and enhance market growth. Sustainable farming practices can be a market driver, especially among environmentally conscious consumers. Brands and farms promoting water-efficient practices or organic pistachio farming can attract a premium market segment.
Several factors determining competitive dynamics influence competition among companies in the shelled pistachio industry. The intensity of competition can impact the sector's pricing, quality, marketing strategies, and innovation. When a market has a limited number of significant competitors, actions taken by one player can directly impact the others, leading to intense competition.
Latin America, comprising a diverse set of countries with varying economic and cultural backgrounds, offers a unique market for shelled pistachios. Traditionally, nuts like cashews and Brazil nuts have dominated the nut market in Latin America. However, with globalization and increased exposure to international products, there's a growing interest in other nuts, including pistachios. Tapping into the burgeoning middle class, leveraging the health trends, and addressing infrastructure and economic challenges are crucial to expanding the pistachio market in Africa. Hence, the presence of emerging middle class, growing pistachio consumption, and major producers of pistachios are the key factors propelling the expansion of the regional market.
The Brazil market dominated the LAMEA Shelled Pistachio Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $65.3 Million by 2030. The Argentina market is poised to grow at a CAGR of 9.2% during (2023 - 2030). Additionally, The UAE market would showcase 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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