North America 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 North America Nut Products Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
For vegans and vegetarians, nuts offer many of the nutrients that are necessary but may be lacking in other plant meals. Nuts provide nourishment to both people and wildlife. Because nuts typically contain a lot of oil, they are an important energy source. Numerous seeds are consumable by people and can be used in cooking, consumed in sprouted and raw forms, or in roasted forms as a snack.
They can also be crushed to form nut kinds of butter, or pressed to produce oil that can be used in both cooking and cosmetics. They are one of the major sources of ALA omega-3 fatty acids, which have been linked to a number of health advantages, including the prevention of Alzheimer's disease and dementia and the reduction of rheumatoid arthritis.
They are relatively high in calories, as well as vitamins, vital amino acids, and monounsaturated and unsaturated fats like linoleic and linolenic acids. Numerous nuts are excellent providers of folate, vitamin E, vitamin B2, fiber, and important minerals like selenium, magnesium, phosphorus, potassium, and copper.
Due to the consumers' high disposable income, growing nutmeal demand, and rising nutmeal consumption, various nut products are consumed in large quantities in North America. Almonds and peanuts in particular have earned a stellar reputation as a healthy snacking option with characteristics that make them suitable for diabetics, such as their relatively low-fat content and high levels of beneficial omega-3 fatty acids. Additionally, the increasing use of raw nuts in cooking and mixes in savory foods like trail mixes has drawn a lot of health-conscious shoppers to North America.
The US market dominated the North America Nut Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,012.1 million by 2028.The Canada market is poised to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Nut Products Market is Estimated 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
- Rest of North America
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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