The IMARC Group’s latest research report, titled “Tree Nuts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the tree nuts industry analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global tree nuts market size reached US$ 50.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 101.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.11% during 2024-2032.
Factors Affecting the Growth of the Tree Nuts Industry:
- Rising Demand for Plant-Based Protein:
The growing consumption of tree nuts due to the increasing demand for plant-based protein among the masses across the globe is positively influencing the market. Consumers are seeking alternatives to animal-derived proteins. Tree nuts, such as almonds, pistachios, and hazelnuts, are rich sources of protein, making them a popular choice among health-conscious individuals. In addition, they offer a complete protein profile with essential amino acids, making them comparable to animal proteins in nutritional quality. The rising demand for healthy, sustainable, and ethically sourced food items is impelling the market growth.
- Increasing Health Consciousness:
The rising awareness about the health benefits of tree nuts like rich in nutrients, such as vitamins, minerals, and healthy fats, is contributing to the growth of the market. Besides this, consumers are increasingly seeking nutritious alternatives due to the increased concerns about lifestyle-related health issues, including obesity and heart disease. Tree nuts are known for their role in promoting heart health, reducing cholesterol levels, and aiding in weight management. The increasing incorporation of tree nuts in diets as wholesome snacks or ingredients in various food products is strengthening the market growth.
- Growing Demand for Gourmet Snacks:
The escalating demand for tree nuts on account of the rising adoption of gourmet snacks among individuals worldwide is propelling the growth of the market. The increasing adoption of nut mixes, flavored nuts, and artisanal nut-based products, as people are seeking indulgent yet nutritious snack options, is impelling the market growth. Nuts like almonds, pecans, and macadamias are valued for their rich flavors, textures, and versatility in culinary applications. Moreover, the rising need for packaged nuts and nut-based snacks, as they offer enhanced convenience to individuals with busy lifestyles, is supporting the market growth.
Global Tree Nuts Market Trends:
Tree nuts are widely used in various food applications, including bakery, confectionery, dairy alternatives, and savory snacks. The growing demand for tree nuts due to changing consumer preferences for natural and minimally processed food items is offering a positive market outlook.
In addition, the rising adoption of tree nuts due to their exotic flavors is impelling the growth of the market. Tree nuts have unique textures and flavors that benefit in enhancing the taste and appeal of numerous food products. Apart from this, innovations in tree nut farming techniques, processing technologies, and product development are leading to improved quality, flavor, and shelf life.
Competitive Landscape with Key Players:
- Archer-Daniels-Midland Company
- Blue Diamond Growers
- CG Hacking & Sons Limited
- Diamond Foods LLC
- Kanegrade Ltd.
- Mariani Nut Company Inc
- Montagu Snacks
- Olam International Limited
- Select Harvests Limited
- Sun Valley Limited (Zertus GmbH)
- Voicevale Ltd
- Waterford Nut Co.
Market Segmentation:
Product Type Insights:
- Almonds
- Cashews
- Walnuts
- Pistachios
- Hazelnuts
- Chestnuts
- Brazil Nuts
- Others
Almonds represent the largest segment, which can be accredited to their nutritional value.
Form Insights:
- Whole
- Split
- Others
The whole segment holds the biggest market share as it preserves freshness and flavor.
Distribution Channel Insights:
- Online
- Offline
Online accounts for the largest market share due to the rising demand for doorstep delivery solutions.
Application Insights:
- Direct Consumption/Culinary Purpose
- Bakery and Confectionery
- Breakfast Cereals
- Snacks
- Flavored Drinks
- Butter and Spreads
- Dairy Products
- Others
Bakery and confectionery exhibit a clear dominance in the market on account of the increasing focus on enhanced crunch and texture.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Europe enjoys a leading position in the tree nuts market, which can be attributed to the rising focus on health and wellness.
Tree Nuts Market Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Product Types Covered | Almonds, Cashews, Walnuts, Pistachios, Hazelnuts, Chestnuts, Brazil Nuts, Others |
| Forms Covered | Whole, Split, Others |
| Distribution Channels Covered | Online, Offline |
| Applications Covered | Direct Consumption/Culinary Purpose, Bakery and Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter and Spreads, Dairy Products, Others |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Archer-Daniels-Midland Company, Blue Diamond Growers, CG Hacking & Sons Limited, Diamond Foods LLC, Kanegrade Ltd., Mariani Nut Company Inc, Montagu Snacks, Olam International Limited, Select Harvests Limited, Sun Valley Limited (Zertus GmbH), Voicevale Ltd, Waterford Nut Co., etc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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