The Global Nuts Market size is expected to reach $77 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period.
Peanuts are a highly nutritious food. They are an excellent source of plant-based protein, providing approximately 25% protein content by weight. They are also rich in healthy fats, primarily polyunsaturated and monounsaturated fats, which aid heart health. Consequently, the Peanuts segment would register more than 30% share of the market by 2030. Peanuts contain essential vitamins and minerals, including vitamin E, niacin (vitamin B3), folate (vitamin B9), magnesium, phosphorus, and potassium. They contain antioxidants such as resveratrol, which may have health benefits, including potential cardiovascular protection. Some of the factors impacting the market are rising health and wellness trends, increasing consumption of plant-based diets, and Allergen concerns from nuts.
Nuts are often perceived as a highly nutritious and natural food option. They are rich in essential nutrients such as protein, healthy fats (monounsaturated and polyunsaturated fats), fiber, vitamins (e.g., vitamin E, B vitamins), minerals (e.g., magnesium, potassium), and antioxidants. This nutrient density aligns with the health-conscious choices of consumers seeking foods that provide optimal nutrition. Health-conscious consumers are increasingly aware of the benefits of consuming healthy fats in nuts. Polyunsaturated, monounsaturated fats, and omega-3 fatty acids in certain nuts have been associated with improved heart health. Nuts' ability to lower bad cholesterol levels and reduce the risk of heart disease aligns with heart-healthy dietary recommendations. Additionally, Nuts are high in dietary fiber, which supports digestive health, helps maintain a feeling of fullness, and contributes to overall well-being. Plant-based diets are typically fiber-rich, and nuts complement this dietary emphasis. This property benefits individuals following plant-based diets who are conscious of glycemic control. Nuts are versatile ingredients that can be incorporated into various plant-based recipes. They can be used in salads, stir-fries, grain bowls, desserts, nut milk, and nut butter, making them suitable for various culinary applications. Nuts serve as a convenient and nutritious plant-based snack option for those adhering to plant-based diets. They provide a satisfying option for on-the-go or between-meal snacking.
However, strict food safety regulations require accurate allergen labeling. Nuts are considered a major allergen, and companies must clearly label products that contain or may have come into contact with nuts. Ensuring compliance with these regulations is essential but can be challenging for manufacturers. Cross-contamination is a significant concern in facilities that process multiple nuts and other allergens. Proper cleaning, sanitation, and equipment separation are essential to prevent cross-contamination but require careful management and investment. The presence of nut allergies affects a portion of the consumer base. Nut-allergic individuals and those who care for them may avoid products with any nut-related warnings or traces. This can limit the market for certain nut-containing products.
On the basis of product, the market is segmented into almonds, peanuts, cashew, walnuts, hazelnuts, pistachios, and others. The hazelnuts acquired a prominent revenue share in the market in 2022. Hazelnuts, also known as filberts or cobnuts, are the edible nuts of the hazel tree, scientifically known as Corylus avellana. These nuts are native to Europe and Asia but are now grown in many parts of the world. Hazelnuts are versatile and have a distinctive flavor. As convenient, nutritious, and high in calories, Hazelnuts are made available for consumers through retail channels, driving the market's growth.
Based on distribution channel, the market is fragmented into offline and online. The online segment recorded a remarkable revenue share in the market in 2022. Online distribution channels have provided consumers with a range of choices, convenience, and access to information, contributing to the growth and transformation of the nuts market. In addition, they have encouraged producers and brands of nuts to adjust to shifting consumer preferences and market dynamics. Numerous suppliers of these products offer goods on their websites and online marketplaces like Amazon, expecting market growth over the forecast period.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 50.2 Billion |
| Market size forecast in 2030 | USD 77 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.5% from 2023 to 2030 |
| Number of Pages | 195 |
| Number of Table | 290 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe region registered the largest revenue share in the market. This region's growing understanding of the health benefits of nut consumption is propelling market expansion. Additionally, rapid changes in consumers' lifestyles and growing concern with health and wellness will contribute to the market expansion in the future. The increasing demand for almonds, walnuts, and cashew products in Germany and the United Kingdom is expected to drive market growth for high-nutrition, low-carb beans.
Free Valuable Insights: Global Nuts Market size to reach USD 77 Billion by 2030
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.
By Distribution Channel
By Product
By Geography
This Market size is expected to reach $77 billion by 2030.
Rising health and wellness trends are driving the Market in coming years, however, Allergen concerns from nuts restraints the growth of the Market.
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.
The expected CAGR of this Market is 5.5% from 2023 to 2030.
The Offline segment is leading the Market by Distribution Channel in 2022 thereby, achieving a market value of $58 billion by 2030.
The Europe region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23.2 billion by 2030.
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