Edible Nuts Market Research Report Information By Type (Cashew Nuts, Almonds and Others), By Form (Whole, Powder, Split and Others), By Application (Direct Consumption/Culinary Purpose, Bakery & Confectionery and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Global Edible Nuts Market Overview

The Edible Nuts Market Size was valued at USD 210.69 billion in 2022. The Edible Nuts market industry is projected to grow from USD 222.48 Billion in 2023 to USD 344.04 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2023 - 2032). Growing understanding of the health advantages of edible nuts and increasing usage of nuts to add flavors and textures, particularly pistachios and chestnuts, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Edible Nuts Market Trends

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  An increase in the adoption of a healthy lifestyle is driving the market growth

  
  

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 seen by FMI 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.

Edible Nuts Market Segment Insights

Edible Nuts Type Insights

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

Edible Nuts Application Insights

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.

Edible Nuts Form Insights

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.

Edible Nuts Regional Insights

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 market 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 market held the largest market share, and the UK Edible Nuts market 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 market held the largest market share, and the India Edible Nuts market was the fastest-growing market in the Asia-Pacific region.

Edible Nuts Key Market Players & Competitive Insights

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.

Key Companies in the Edible Nuts market include

• Archer Daniels Midland


• Blue Diamond Growers


• Diamond Foods, LLC


• Farm Breeze International LLC


• GNC Nut Company AG


• John B. Sanfilippo & Son, Inc.


• Mariani Nut Co.


• Olam International


• Select Harvests Ltd


• Waterford Nut Company

Edible Nuts Industry Developments

• November 2020: After the COVID epidemic, Select Harvests Limited experienced greater productivity momentum as a result of an increase in edible nut output compared to 2019 due to more health-conscious consumers.


• September 2019: Nestlé debuted updated KitKat and Yorkie chocolate bars in the UK and Ireland as part of a new More collection. 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.


• August 2019: Kellogg's Nutri Grain introduced Nuts & Bolts Trail Mix, its first savory snack product. The new snack has three flavors: Original Spice, Smokey BBQ, and Sweet Chilli. It combines Nutri-Grain, peanuts, and spices with sliced almonds.

Edible Nuts Market Segmentation

Edible Nuts Type Outlook

• Cashew Nuts


• Almonds


• Others

Edible Nuts Form Outlook

• Whole


• Powder


• Split


• Others

Edible Nuts Application Outlook

• Direct Consumption/Culinary Purpose


• Bakery & Confectionery


• Others

Edible Nuts Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 210.69 billion
Market Size 2023	USD 222.49 billion
Market Size 2032	USD 344.04 billion
Compound Annual Growth Rate (CAGR)	5.60% (2023-2032)
Base Year	2022
Market Forecast Period	2023-2032
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

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