Macadamia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Macadamia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5193
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Market Overview:

The global macadamia market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.71% during 2023-2028.

Macadamia refers to an edible, hard-shelled white nut, which is a genus of four species of indigenous trees present in Australia. Amongst these, only three species, namely, Macadamia ternifolia, integrifolia, and tetraphylla, are commercially important. It is a rich source of antioxidants, protein, fibers, and vitamins that aid in improving gut health, managing weight, and reducing the risk of various metabolic syndromes, including blood sugar, diabetes type 2, cholesterol, and heart ailments. On account of these properties, macadamia can be eaten, cooked with, and processed into a variety of products pertaining to different industrial segments. At present, it is commercially available in varying types, such as raw, coated, and roasted. 

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Macadamia Market Trends:

The increasing demand for macadamia as a healthy snack can be primarily attributed to the rising health consciousness and the growing awareness regarding its nutritional properties. This, in turn, represents one of the key factors currently driving the macadamia market growth. In line with this, favorable initiatives undertaken by governments of several countries for supporting macadamia production and trade in the agriculture sector through the employment of the latest methodologies is acting as another growth-inducing factor. Moreover, the extensive utilization of macadamia in the food and beverages (F&B) sector for manufacturing confectionery items, including pastries, biscuits, and ice creams is also contributing to the market growth. Along with this, they can be cold pressed to produce oil, which can further be incorporated into the formulation of various cosmetics and skincare products. Apart from this, the launch of macadamia nuts in innovative flavors, such as roasted, salted, honey-roasted, wasabi-flavored, and chocolate-coated, is further aiding companies in extending their existing product portfolios and reach, which is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global macadamia market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, form, distribution channel and industry vertical.

Breakup by Nature:

  • Organic
  • Conventional
     

Breakup by Form:

  • Raw
  • Roasted
  • Coated
     

Breakup by Distribution Channel:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Online
  • Offline
     

Breakup by Industry Vertical:

  • Food and Beverages
  • Cosmetics
  • Others
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Golden Macadamias, Hamakua Macadamia Nut Company, Health and Plant Protein Group Limited, Ivory Macadamias, Kenya Nut Company Ltd., Macadamia Processing Company, Mauna Loa Macadamia Nut Corporation, Mayo Macs, MWT Foods, Nambucca Macnuts Pty Ltd., Royal Macadamia (Pty) Ltd. and Wondaree Macadamia Nuts.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Nature, Form, Distribution Channel, Industry Vertical, Region
Region 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, Golden Macadamias, Hamakua Macadamia Nut Company, Health and Plant Protein Group Limited, Ivory Macadamias, Kenya Nut Company Ltd., Macadamia Processing Company, Mauna Loa Macadamia Nut Corporation, Mayo Macs, MWT Foods, Nambucca Macnuts Pty Ltd., Royal Macadamia (Pty) Ltd. and Wondaree Macadamia Nuts..
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Key Questions Answered in This Report

The global macadamia market was valued at US$ 1.7 Billion in 2022.

We expect the global macadamia market to exhibit a CAGR of 9.71% during 2023-2028.

The increasing demand for macadamia nuts as a healthy snack option, available in various innovative flavors, such as roasted, salted, chocolate-coated, etc., is primarily driving the global macadamia market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of macadamia nuts.

Based on the nature, the global macadamia market can be segmented into organic and conventional. Currently, conventional holds the majority of the total market share.

Based on the form, the global macadamia market has been divided into raw, roasted, and coated. Among these, raw currently exhibits a clear dominance in the market.

Based on the distribution channel, the global macadamia market can be categorized into online and offline. Currently, offline channel accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global macadamia market include Archer-Daniels-Midland Company, Golden Macadamias, Hamakua Macadamia Nut Company, Health and Plant Protein Group Limited, Ivory Macadamias, Kenya Nut Company Ltd., Macadamia Processing Company, Mauna Loa Macadamia Nut Corporation, Mayo Macs, MWT Foods, Nambucca Macnuts Pty Ltd., Royal Macadamia (Pty) Ltd., and Wondaree Macadamia Nuts.

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Macadamia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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