Nut Products Market

Market Overview:

The global nut products market size reached US$ 6.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032. The increasing number of e-commerce brands and distribution channels selling organic nut products, rising popularity of healthy quick snacks, and the growing consumption of healthy diets to prevent the occurrence of various chronic diseases represent some of the key factors driving the market.

Nut products refer to edible items manufactured from nuts, such as almonds, hazelnuts, pecans, Brazil nuts, cashews, peanuts or groundnuts, macadamia nuts, walnuts, pistachios, chestnuts, pine nuts, tiger nuts, and cacao nuts. They comprise roasted nuts, nut butter, nut creams, chocolate-covered nuts, caramelized nuts, nut powders, nougats, and praline. They are a rich source of proteins, carbohydrates, fibers, vitamin E, phosphorus, copper, manganese, and selenium. They offer antioxidants that are essential for boosting immunity, reducing oxidative stress in the body, and improving skin texture. They also help boost metabolism, which is required for losing weight and preventing obesity. They facilitate hair growth and provide a healthy shine to the hair. They prevent the occurrence of cardiovascular complications, stroke, and heart attacks. Nut products are beneficial for curing type 2 diabetes and lowering the levels of low-density lipoprotein (LDL) cholesterols while maintaining the levels of high-density lipoprotein (HDL) cholesterols in the body. Furthermore, as they are low in calories and fat, the demand for nut products is increasing around the world.

Nut Products Market Trends:

At present, the rising demand for nut products due to the increasing health consciousness among the masses represents one of the primary factors influencing the market positively. Besides this, the growing consumption of healthy diets to prevent the occurrence of various chronic diseases, such as obesity, diabetes, thyroiditis, and cardiovascular complications, is offering a favorable market outlook. In addition, the increasing number of e-commerce brands and distribution channels selling organic nut products devoid of preservatives and any chemicals is propelling the growth of the market. Apart from this, the rising popularity of healthy quick snacks, such as granola bars, muesli, and nut mixes among working individuals, as they can be easily consumed and eliminate the hassle of cooking, is contributing to the growth of the market. Additionally, the increasing demand for nut products, such as nut butter, nut oils, powders, and nut milk, due to the rising adoption of vegan lifestyles, is supporting the market growth. Moreover, the escalating demand for nut products to produce various desserts and baked items, such as cereal bars, ice creams, marinades, pastries, muffins, snack mixes, and ready meals, is bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global nut products market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product type, category, type, and application.

Product Type Insights:

• Nut Butter
• Nut Paste/Marzipan Paste/Persipan Paste
• Nut Fillings with Cocoa
• Nut Fillings without Cocoa
• Caramelized Nuts
• Nut Flour
   

The report has provided a detailed breakup and analysis of the nut products market based on the product type. This includes nut butter, nut paste/marzipan paste/persipan paste, nut fillings with cocoa, nut fillings without cocoa, caramelized nuts, and nut flour.

Category Insights:

• Organic
• Conventional
   

A detailed breakup and analysis of the nut products market based on the category has also been provided in the report. This includes organic and conventional.

Type Insights:

• Almonds
• Hazelnuts
• Walnuts
• Cashews
   

A detailed breakup and analysis of the nut products market based on the type has also been provided in the report. This includes almonds, hazelnuts, walnuts, and cashews. According to the report, hazelnuts accounted for the largest market share.

Application Insights:

• B2B
• B2C
   

A detailed breakup and analysis of the nut products market based on the application has also been provided in the report. This includes B2B and B2C.

Regional Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe (Germany, France, the United Kingdom, Italy, Spain, and others);was the largest market for nut products. Some of the factors driving the Europe nut products market included the growing health consciousness among the masses, rising consumption of nut milks and butters, increasing demand for healthy snacks, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global nut products market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ALMENDRAS LLOPIS S.A.U, Barry Callebaut, Blue Diamond Growers, Kanegrade Limited, Lübecker Marzipan-Fabrik, Mandelin Inc., Moll Marzipan GmBH, Olam International, Puratos NV/SA, Royal Nut Company, V. Besana S.p.A., Zentis GmbH & Co. KG., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Nut Products Market Report Scope:

Key Questions Answered in This Report:

• How has the global nut products market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global nut products market?
• What is the impact of each driver, restraint, and opportunity on the global nut products market?
• What are the key regional markets?
• Which countries represent the most attractive nut products market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the nut products market?
• What is the breakup of the market based on the category?
• Which is the most attractive category in the nut products market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the nut products market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the nut products market?
• What is the competitive structure of the global nut products market?
• Who are the key players/companies in the global nut products market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the nut products market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global nut products market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the nut products industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.