The Worldwide Nut Products Market is Projected to reach USD 9.7 Billion by 2028, at a CAGR of 6.1%

Published Date: 30-Sep-2022

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Nut Products Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Nut Products Market size is expected to reach $9.7 billion by 2028, rising at a market growth of 6.1% CAGR during the forecast period.

The Nut Fillings without Cocoa segment is showcasing CAGR of 6.7% during (2022 - 2028). Nut butter can be made using almost any kind of nut, including walnuts, almonds, pistachios, peanuts, and hazelnuts. Depending on the nut variety, these come in two forms: smooth or crunchy, and are made from unroasted or raw nuts. New products are being introduced to the market by a number of important firms in the food and beverage industry.

The Hazelnuts segment acquired maximum revenue share in the Global Nut Products Market by Nut Type in 2021 thereby, achieving a market value of $1.9 billion by 2028. The majority of components used in the culinary to make chocolates, as well as hazelnut spreads, paste, and meals, are hazelnuts. These premium nuts are either offered unshelled or processed, commanding the highest prices. In baked foods and ice creams, chopped, crushed, and pastes are employed.

The Organic segment has shown the growth rate of 7.7% during (2022 - 2028). The organic nut category has gained attention over the last few years as a result of achieving the purest, unprocessed nuts. These are prepared with organic, clean substances right from the beginning, where it becomes necessary to even regulate the water quality and the emergence of heat in manufacturing plants.

The Standard segment is leading the Global Nut Products Market by Quality in 2021 thereby, achieving a market value of $5.3 billion by 2028. For the most part, quality of nuts is determined by tests results and approvals given by the food grade authorities. The standard quality may contain color, odor as well as variations in shape and shells. They may also have gone through some pretreatment which might result in lower oil presence in them.

The Foodservice & Bakeries segment is anticipated to grow at a CAGR of 7.6% during (2022 - 2028). The segment is growing because of people’s rising demand for eating out and their preference for baked goods. Particularly in baked goods, there is a clear preference for ingredients that not only up the flavor but also add texture variation, nutrition, and aesthetic appeal. Nuts assist product designers in enhancing the energizing qualities of baked foods on the health front.

The Europe market dominated the Global Nut Products Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.4 billion by 2028.The North America market is exhibiting a CAGR of 5.4% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 6.6% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/nut-products-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 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.

Global Nut Products Market Segmentation

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

  • Hazelnuts
  • Almonds
  • Peanuts
  • Walnuts
  • Cashews
  • Pistachios
  • Macadamias
  • Pine Nuts
  • Brazil Nuts
  • Others

By Category

  • Conventional
  • Organic

By Quality

  • Standard
  • Premium

By Application

  • Industrial Food Manufacturers
    • Chocolate Confectionery Products
    • Bakery Products
    • Ice Cream & Frozen Desserts
    • Beverages
    • Cereals & Snack Bars
    • Others
  • Foodservice & Bakeries

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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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Related Reports:

North America Nut Products Market size & Opportunities 2022-2028

Europe Nut Products Market & Growth Forecast 2022-2028

Asia Pacific Nut Products Market Share & Industry Outlook to 2028

LAMEA Nut Products Market Growth, Trends & Forecasts 2022-2028

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