ID: MRFR/F-B & N/1538-HCR | 110 Pages | Published By Pradeep Nandi on March 2023
Edible nuts market is expected to reach approximately USD 339,436.9 million by 2028, at a CAGR of 5.6% from 2020 to 2028. The health benefits of edible nuts, along with their distinctive taste, are expected to boost the growth of the Edible Nuts Market during the forecast period. Edible nuts are usually defined as dry, edible fruits and seeds which are an important source of nutrition. This important source of nutrition is available for humans as well as wild animals. Edible nuts are densely packed with calories, and many essential and saturated and monounsaturated fats. Hence edible nuts are a great source of energy. Edible nuts are used in the preparations of many snacks for example as trail mixes and Scroggins, these are frequently carried by families for outdoor trips, hikes, and road journeys.
Covid 19 Analysis of Edible Nuts Market
The edible nuts market due to covid 19 has quickly reached its pre-covid levels and a healthy growth rate. During the forecasted period the global market was driven by how economic revival in most of the developing nations. Furthermore, the unprecedented situations that were expected due to the third waves are creating a gloomy outlook. The study shows that the evaluation has started due to different scenarios of covid 19s impact. The impact on the future of the edibles market.
Due to the current situation of coronavirus the small, medium, and large businesses are affected. Due to the complete shutdown manufacturing units were adversely affected. Lack of workers and government policies dragged the market down during the year 2020.
The major factors that have contributed to the growth in the edible nuts market include the fast-paced recovery of developing economies which has led to an increased number of disposable incomes. These disposable incomes obviously will support the edible notes market demand between the years. Edible nuts contain minerals, tocopherols, high-quality vegetable protein, fiber, phytosterols, and phenolic compounds which are essential for the healthy functioning of the human body. Hence this factor acts as the major growth factor due to the awareness among customers and consumers.
The factors that boost the opportunities of the edible nuts market include the market research report with the latest trends that are shaping the edible nuts industry with key demand drivers and potential challenges. These opportunities and challenges are edible nut pate opportunities for the market.
The factors that hinder the growth of the edible nuts market include the lockdown across the globe in the year 2020. The factors that hampered the growth included continuous restrictions in the year 2021 which continuously disrupted the supply chain. The disruption of the supply chain poses a challenge for manufacturers in the edible nuts industry. Hence intense competition, pricing issues, and shifting consumer preferences continued the downward pressure on vendors' profit margin. This constantly decreased the profit and revenue of the global market.
Value Chain Analysis
The edible nuts market trends have many benefits such as its consumption as a great source of nutrition, traditionally nuts are used as cuisines across the world. In addition to this, cash unit revival is used in preparing rice dishes such as pilaf in the Middle East region. Edible arts such as almonds, walnuts, pistachios, apricots, and cashew nuts are increasingly used in preparing traditional sweets in several south Asian countries. Are there applications that include the burgeoning demands for edible nuts cooking and the culinary sector? It is applied to spur the demands of the edible nuts industry. These are some of the factors that act as the major boost in the value of the market of edible nuts.
The global edible night market is segmented based on the type, based on the form, based on the application, and based on geography into the following
Based On the Type
Based on the type, the global market is segmented into almonds, chestnuts, cashew nuts, walnuts, pistachios, hazelnuts, Brazil nuts, and others.
Based On the Application
Based on the application segment the global market is bifurcated into direct consumption/culinary purposes, bakery and confectionery, breakfast cereals, snacks, beverages, dairy products, and others.
Based On the Form
Based on form the global edible nuts industry is divided into whole, powder, split, and others.
Based On the Geography
Based on the geography, the global market is divided into regions namely Asia Pacific, North America, Europe, the Middle East and Africa, and South America.
The edible nuts market is divided into these regions- the Asia Pacific, North America, Europe, the Middle East, and Africa, and South America. Among the many regions mentioned above Europe is expected to dominate the global market. Hence Europe has the largest edible nuts industry share. Countries such as the Netherlands, Germany, France, and the UK are estimated to show increasing demands for natural, low sugar content and safe food products. Hence these countries are estimated to be the major markets for edible nuts in the region of Europe. Hence these countries also compete for the largest edible nuts market size.
The edible next market in the Asia Pacific is expected to be the fastest-growing market during the forecasted period. This forecasted period. The growth is attributed due to the factors of rising demands for nutritional food ingredients by the health-conscious consumers in this region.
Moreover, the North American region has its market with a steady rate of growth. The edible nuts market with steady red growth during the forecasted period in North America is due to factors such as the wide use of nuts such as American beech and corn for their fat and starch content. During the forecasted period, the market has witnessed substantial growth due to the use of nuts for oils and foods in the region. The consumption of edible nuts such as dika nut, and kola nut, native to the African region has increased. These types of nuts are expected to boost the growth of the regional edible nuts market during the forecasted period.
The prominent key players of the edible nuts market in the global market are mentioned down below-
All these prominent key players play a major road in the dynamics and growth of the edible nuts market. These major key players opt for many strategies and policies to widen their customer base. These policies and strategies mainly include collaborations, mergers, acquisitions, extensions, joint ventures, establishments, new production processes, innovations, technology widening the existing products, partnerships, etc. All these important methods are opted to get the needs of customers and develop a strong potential growth base.
Given below are some of the recent developments seen in the global edible nuts market-
Advancements are made in the segmentation sector because it increases its applications and scope of movement.
Other regions of development include organic and organic growth stages.
Innovations are made in product launches, product approvals, and others suggest pay patents and events.
Directivities have developed better witnessing market acquisitions and partnerships and collaborations.
The global edible nuts market in the global market research report consists of the following elements which are mentioned down below-
In the edible nuts market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of edible nuts. Various factors restrain the growth of sugar-free confectioneries and hamper the development of such a fine-based market. The research report also consists of various analyses based on Covid 19 impact market dynamics, different segmentations, regional analysis, etc. This research report also consists of various strategies and policies followed by the major key players that drive the edible nuts industry. The future growth rate is also discussed and mentioned in this research report.
Given below is the intended audience for the market-
Edible nuts producers/processors
Commercial research and development institutions
Raw material suppliers and distributors
Government and research organizations
Traders, exporters, and importers
|Market Size||USD 339,436.9 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Form, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Mariani Nut Co., John B. Sanfilippo & Son, Inc., Blue Diamond Growers, Acomo, KP Nuts, Arcer Daniels Midland Co., Select Harvests Ltd, Olam International, Waterford Nut Co., and Diamond Foods|
|Key Market Opportunities||Latest trends that are shaping the edible nuts industry with key demand drivers and potential challenges|
|Key Market Drivers||Health benefits of edible nuts, Increased number of disposable incomes|
By application, the bakery and confectionery segment holds majority shares in the global edible nuts industry.
Awareness about the health benefits of nuts, economic growth, and the availability of a wide range of varieties are major tailwinds pushing the growth of the global edible nuts market.
Mariani Nut Co., John B. Sanfilippo & Son, Inc., Blue Diamond Growers, Acomo, KP Nuts, Arcer Daniels Midland Co., Select Harvests Ltd, Olam International, Waterford Nut Co., and Diamond Foods, are some of the top players operating in the global edible nuts market.
Europe holds the largest share in the global edible nuts market, followed by North America and the Asia Pacific, respectively.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global edible nuts market adopt to gain a larger competitive advantage.