The global tree nuts market size reached US$ 46.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 77.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.81% during 2023-2028. The rising product utilization in the food and beverage (F&B) industry, rising expenditure capacities of consumers, and easy product availability across e-commerce platforms represent some of the key factors driving the market.
Tree nuts refer to edible seeds of fruit-bearing trees with a hard outer shell. It includes cashews, almonds, Brazil nuts, chestnuts, filberts, hickory nuts, hazelnuts, pecans, walnuts, pistachios, and macadamia nuts. They are nutrient-dense products that are rich in oils, proteins, carbohydrates, fibers, minerals, phytosterol, tocopherol, and phenolic compounds. They help to improve heart, bone, and brain health and reduce the risk of diabetes, hypertension, cancer, inflammation, and coronary heart disease. The processing of tree nuts involves multiple steps, such as drying, disinfection, disinfestation, blanching, kernel peeling, and roasting. As a result, tree nuts are widely used in cooking, alcoholic and non-alcoholic beverages, snacks, confectionery, dairy products, bakery goods, nutritional supplements, natural flavorings, and cosmetics.
Tree Nuts Market Trends:
The rising product utilization in the food and beverage (F&B) industry is one of the primary factors driving the market growth. Tree nuts are widely used for garnishing, topping, and flavoring in salads, ice creams, gelatos, desserts, frozen yogurts, pralines, coffees, herbal tea, hot cocoa, specialty drinks, sauce, soups, and various main course dishes. In addition to this, the widespread product utilization in baking and confectionery applications to produce cakes, cookies, biscotti, donuts, crackers, pastries, pies, granola bars, candies, baklava, marzipan, and chocolate bars is acting as another growth-inducing factor. Furthermore, the increasing product adoption consumer to produce highly nutritious snacks as they are rich in minerals, proteins, carbohydrates, magnesium, copper, monounsaturated fats, fibers, and vitamin E, which aids in reducing nutrient deficiencies, decreasing cholesterol levels, managing blood sugar, and promoting weight loss, is favoring the market growth. Additionally, the recent development of highly efficient and sustainable processing techniques, such as infrared (IR) heating, high-power ultrasound treatment, and irradiation technology, which improves drying and disinfection processes, saves energy, reduces time, and preserves the quality of product, is positively influencing the market growth. Moreover, increasing product adoption in the cosmetic and personal care industry to produce skin and hair care products, lotions, soaps, body scrubs, and sunscreens due to their high antioxidant contents that reduce wrinkles, cure dark circles, and treat damaged skin is propelling the market growth. Other factors, including rising expenditure capacities of consumers, easy product availability across e-commerce platforms, increasing geriatric population, and the widespread product utilization in anti-aging treatment, are anticipated to drive market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global tree nuts market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type, form, distribution channel, and application.
Product Type Insights:
- Brazil Nuts
The report has also provided a detailed breakup and analysis of the tree nuts market based on the product type. This includes almonds, cashews, walnuts, pistachios, hazelnuts, chestnuts, Brazil nuts, and others. According to the report, almonds represented the largest segment.
A detailed breakup and analysis of the tree nuts market based on the form has been provided in the report. This includes whole, split, and others. According to the report, whole accounted for the largest market share.
Distribution Channel Insights:
A detailed breakup and analysis of the tree nuts market based on the distribution channel has been provided in the report. This includes online and offline. According to the report, online accounted for the largest market share.
- Direct Consumption/Culinary Purpose
- Bakery and Confectionery
- Breakfast Cereals
- Flavored Drinks
- Butter and Spreads
- Dairy Products
A detailed breakup and analysis of the tree nuts market based on the application has been provided in the report. This includes direct consumption/culinary purpose, bakery and confectionery, breakfast cereals, snacks, flavored drinks, butter and spreads, dairy products, and others. According to the report, bakery and confectionery accounted for the largest market share.
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- 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); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Europe was the largest market for tree nuts. Some of the factors driving the Europe tree nuts market included the rising health consciousness among the masses, increasing geriatric populations, and the widespread product utilization in the cosmetic and personal care industry.
The report has also provided a comprehensive analysis of the competitive landscape in the global tree nuts 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 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
|Product Types Covered
||Almonds, Cashews, Walnuts, Pistachios, Hazelnuts, Chestnuts, Brazil Nuts, Others
||Whole, Split, Others
|Distribution Channels Covered
||Direct Consumption/Culinary Purpose, Bakery and Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter and Spreads, Dairy Products, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
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Key Questions Answered in This Report:
- How has the global tree nuts market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global tree nuts market?
- What is the impact of each driver, restraint, and opportunity on the global tree nuts market?
- What are the key regional markets?
- Which countries represent the most attractive tree nuts markets?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the tree nuts market?
- What is the breakup of the market based on the form?
- Which is the most attractive form in the tree nuts market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the tree nuts market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the tree nuts market?
- What is the competitive structure of the global tree nuts market?
- Who are the key players/companies in the global tree nuts 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 tree nuts market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global tree nuts 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 tree nuts 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.