As per MRFR Analysis, the Global Edible Nuts Market was valued at USD 222.49 billion in 2023 and is projected to reach USD 344.04 billion by 2032, growing at a CAGR of 4.88% from 2024 to 2032. The market is driven by the increasing health consciousness among consumers and the rising demand for nuts in various culinary applications. Cashew nuts dominate the market, accounting for 35% of revenue, while the bakery and confectionery segment leads in application revenue. North America holds the largest market share, followed by Europe and Asia-Pacific, with significant growth expected in developing economies like Brazil and India.
The edible nuts market is experiencing notable growth driven by health trends and diverse applications.
Key players include Mariani Nut Co., John B. Sanfilippo & Son, Inc., Blue Diamond Growers, Olam International, and Diamond Foods.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Consumption of edible nuts has grown due to consumers adopting a healthier lifestyle, which is the market driver for edible nuts. The consumption of nuts, including walnuts, almonds, pistachios, hazelnuts, and cashew nuts, has increased significantly due to consumers being more careful of their intake and diet. Thus, over the projected 2021–2026, the market expansion of edible nuts is largely driven by the increased adoption of a healthy lifestyle. Individuals must engage in additional activities to maintain their fitness levels. A well-balanced diet that can provide enough nourishment is also essential to good health. Protein, carbs, vitamins, minerals, and fiber are abundant in nuts. Consumer knowledge of these benefits of nuts increased dramatically between 2018 and 2022, which caused the edible nuts market to grow at a favorable CAGR of 8.7%.
 The expected 7.9% CAGR from 2023 to 2033 is a little slowdown in the pace of market acceleration compared to the 8.7% CAGR between 2018 and 2022, which was 8.7% CAGR. However, this shouldn't discourage companies from expanding their manufacturing capabilities on the worldwide market for edible nuts. Thus, this factor is driving the market CAGR.
The easiest places to get edible nuts are through retail sales channels like supermarkets and hypermarkets, especially for upper- and middle-class consumers. However, smaller grocery stores are preferred for purchasing edible nuts among low-income people. Famous retail giants like Walmart and Costco actively promote the consumption of nuts by stocking shelves with edible nuts and providing alluring discounts. Research from FMI predicts that the consumption of edible nuts will rise in advanced economies, including the United States, Germany, and Spain. Industry participants may expect profitable prospects from developing economies like Brazil and India in the upcoming years.
Due to their exceptional qualities, including their prolonged shelf life, crunchiness, and high nutritional content, edible nuts are projected to increase demand as an ingredient, opening up new business prospects. They are frequently used in artisan crackers, ice cream, pastries, yogurt, and other products. Thus, it is anticipated that the market will rise shortly due to the expanding usage of edible nuts as a component in different culinary items. The market for edible nuts is anticipated to benefit from manufacturers' increased usage of edible nuts in chocolates to improve the product's flavor. For instance, as part of a new line called More, Nestlé produced new KitKat and Yorkie chocolate bars in the UK and Ireland in September 2019. Both bars contain fruit and nuts, and the cereal has more protein, fiber, and sugar-free content than chocolate bars of the same caloric content. Thus, this aspect will accelerate edible nuts market revenue globally.
The edible nuts market segmentation, based on type, includes cashew nuts, almonds and others. The cashew nuts segment dominated the market, accounting for 35% of market revenue (78.48 billion). This is mostly due to consumers' changing dietary habits, which enhance their desire for cashew nuts due to their many advantages, including their low-calorie content, heart-healthy fats, and many more. Additionally, as cashew nuts become more widely used in different cuisines, their popularity grows due to increased market expansion and improved food quality.
Figure 1: Edible Nuts Market, by Type, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on application, the edible nuts market segmentation includes direct consumption/culinary purpose, bakery & confectionery and others. The bakery & confectionery category generated the most income. This is mostly because producers create different energy bars with a range of edible nuts and offer various health advantages, improving customer demand and driving market development.
Based on Form, the Edible Nuts industry has been segmented into Whole, Powder, Split and others. The sector as a whole is anticipated to be the fastest-growing market among them from 2022 to 2032. They are an excellent energy source since they are very caloric-dense and contain important unsaturated and monosaturated fats. They are used to make snacks like trail mixes and Scroggins, commonly brought by families on road trips, treks, and other outdoor activities.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American edible nuts market accounted for USD 96.49 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. Due to factors including the widespread usage of nuts like American beech and maize for their fat and starch content, the edible nut market in North America is expected to have the fastest development throughout the anticipated period. Using nuts in the Region for meals and oils has led to significant market expansion throughout the anticipated timeframe. Consumption of edible African-regional nuts has expanded, including the dika and kola nuts. These kinds of nuts are anticipated to fuel regional edible nuts industry expansion during the anticipated period.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: EDIBLE NUTS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Edible Nuts market shares the second-highest growth during the forecast period. As a result, Europe holds the biggest market share for edible nuts. According to estimates, demand for natural, low-sugar, and safe food items is rising in nations including the Netherlands, Germany, France, and the UK. As a result, these nations are thought to be the main markets for edible nuts in Europe. As a result, these nations fight for the highest market share for edible nuts. Further, the Germany Edible Nuts held the largest market share, and the UK edible nuts industry was the fastest-growing market in the European Region.
The Asia Pacific edibles nuts market is anticipated to develop at the quickest rate during the anticipated period. The increase in demand for nutrient-dense food components by health-conscious customers in this Region is attributable to the expansion. Moreover, the China Edible Nuts held the largest market share, and the India market of edible nuts was the fastest-growing market in the Asia-Pacific region.
Leading industry companies are making significant R&D investments to broaden their product offerings, which will spur further expansion of the market for Edible Nuts products. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The Edible Nuts industry must offer products at reasonable prices to grow and thrive in a more cutthroat and competitive environment.
One of the primary business strategies manufacturers employ in the worldwide Edible Nuts industry to benefit customers and expand the market sector is local manufacturing to reduce operating costs. The Edible Nuts industry has recently provided some of medicine's most important benefits. Major players in the Edible Nuts market, including Mariani Nut Co., John B. Sanfilippo & Son, Inc., Blue Diamond Growers, Acomo, KP Nuts, Archer Daniels Midland Co., Select Harvests Ltd, Olam International, Waterford Nut Co., and Diamond Foods, and others, are attempting to increase market demand by investing in research and development operations.
California almonds are the focus of the agricultural cooperative and marketing company Blue Diamond Growers. The firm claims to be the world's biggest tree nut processing and marketing corporation. It was established in 1910 as the California Almond Grower's Exchange. Blue Diamond Growers declared in January 2023 that it would resume selling its Chile 'N Lime Flavoured Almonds. The San Francisco-based American packaged food firm Diamond Items sold almonds and other snack items. Diamond Foods introduced organically processed, ready-to-eat Snack Walnuts in July 2020.
Agriculture-related goods, commodities, and ingredients are produced, processed, transported, stored, and marketed by Archer Daniels Midland Co (ADM). The business manufactures oilseeds, corn, wheat, and other agricultural goods as well as ingredients for food and beverages. The range of products offered by ADM includes wheat, animal feed, vegetable oil, maize sweeteners, natural flavours and colours, health and nutrition goods and biofuels. Through its grain elevator and transportation network, the company stores, cleans, and transports agricultural commodities including oilseeds, corn, wheat, milo, oats, and barley as well as other products made from these inputs.
Edible Nuts Industry Developments
| Attribute/Metric | Details |
| Market Size 2023 | USD 222.49 billion |
| Market Size 2024 | USD 234.94 billion |
| Market Size 2032 | USD 344.04 billion |
| Compound Annual Growth Rate (CAGR) | 4.88% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Form, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Mariani Nut Co., John B. Sanfilippo & Son, Inc., Blue Diamond Growers, Acomo, KP Nuts, Archer Daniels Midland Co., Select Harvests Ltd, Olam International, Waterford Nut Co., Diamond Foods |
| Key Market Opportunities | Latest trends that are shaping the edible nuts industry with key demand drivers and potential challenges |
| Key Market Dynamics | Health benefits of edible nuts, Increased number of disposable incomes |
Edible Nuts Market Highlights:
Frequently Asked Questions (FAQ) :
The Edible Nuts market size was valued at USD 222.49 Billion in 2023.
The market is projected to grow at a CAGR of 4.88% during the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market are Mariani Nut Co., John B. Sanfilippo & Son, Inc., Blue Diamond Growers, Acomo, KP Nuts, Archer Daniels Midland Co., Select Harvests Ltd, Olam International, Waterford Nut Co., Diamond Foods.
The cashew nuts category dominated the market in 2023.
The bakery & confectionery had the largest Edible Nuts market share.
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Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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