Published Date: 2-Nov-2021
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According to a new report Global Macadamia Nut Market, published by KBV research, The Global Macadamia Nut Market size is expected to reach $2.8 billion by 2027, rising at a market growth of 11.7% CAGR during the forecast period.
The offline segment procured the highest market share in 2020. This growth of the segment is due to the home delivery facility provided by supermarkets and click-and-collect services that are tempting consumers and thus, they are shifting their preference towards the offline segment. Additionally, there is a surge in the number of convenience stores around the strategic places, owing to which busy consumers prefer to purchase ready-to-eat food items.
The conventional segment dominated the market by acquiring the maximum revenue share in 2020. The macadamia nuts are available at affordable prices and are easily accessible in the market in contrast with other organic products. Many small-scale enterprises are producing traditional macadamia nuts and are available in large quality at hypermarkets and supermarkets.
In 2020, North America acquired a significant revenue share in the macadamia nut market. As stated by International Nut & Dried Fruit Council (INC), in 2018, North America acquired 23% of the tree nut consumption. Moreover, in 2019, this region held 40% of worldwide tree nut production and emerged as the leading tree nut producer in the world.
Full Report: https://www.kbvresearch.com/macadamia-nut-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hawaiian Host Group (HHML Acquisition LLC), Health and Plant Protein Group Limited, Hamakua Macadamia Nut Company, North Shore Macadamia Nut Company, Superior Nut Company, Inc., Treat Of The Day LLC (Macadamia.US), Makua Coffee Company, T.M. Ward Coffee Company, Inc. and Dr. Paulo’s Kona Coffee & Macadamia Nut Farms.
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