What is Global Nut Ingredients Market?
The Global Nut Ingredients Market is a comprehensive study of the various types of nuts that are used as ingredients in a variety of food products. This market encompasses a wide range of nuts including almonds, hazelnuts, pistachios, cashews, macadamia nuts, walnuts, and others. These nuts are used in various forms such as whole, pieces, paste, and others, depending on the specific requirements of the food product they are being used in. The market is driven by the increasing consumer preference for healthy and natural ingredients in their food. Nuts are known for their high nutritional value, including healthy fats, proteins, vitamins, minerals, and antioxidants, making them an ideal ingredient for a variety of food products. The market is also influenced by the growing trend of veganism and plant-based diets, as nuts are a key source of protein in these diets. However, the market faces challenges in terms of the high cost of nuts and the risk of allergies associated with their consumption. Despite these challenges, the market is expected to grow significantly in the coming years, driven by the increasing demand for healthy and natural food products.
Almonds, Hazelnuts, Pistachio Nuts, Cashews, Macadamia, Walnuts, Others in the Global Nut Ingredients Market:
The Global Nut Ingredients Market is segmented based on the type of nuts, including almonds, hazelnuts, pistachio nuts, cashews, macadamia, walnuts, and others. Almonds are widely used in the market due to their high nutritional value and versatile usage in various food products. They are rich in healthy fats, proteins, vitamins, and minerals, making them an ideal ingredient for a variety of food products. Hazelnuts are known for their unique flavor and are commonly used in confectionery and bakery products. Pistachio nuts are popular for their rich, buttery flavor and are often used in desserts and savory dishes. Cashews are known for their creamy texture and mild flavor, making them a popular choice for dairy alternatives such as cashew milk and cheese. Macadamia nuts are prized for their rich, buttery flavor and high fat content, making them a luxurious ingredient in gourmet food products. Walnuts are known for their high omega-3 fatty acid content and are often used in health-focused food products. Other types of nuts used in the market include pecans, Brazil nuts, and pine nuts, each with their unique flavors and nutritional profiles.
Confectioneries, Dairy Products, Bakery Products, Snacks and Bars, Cereals, Others in the Global Nut Ingredients Market:
The Global Nut Ingredients Market finds extensive usage in various areas including confectioneries, dairy products, bakery products, snacks and bars, cereals, and others. In confectioneries, nuts are used in various forms such as whole, chopped, or paste, adding texture, flavor, and nutritional value to the products. In dairy products, nuts are often used as a base for dairy alternatives such as almond milk, cashew cheese, and others, catering to the growing demand for plant-based diets. In bakery products, nuts are used as a key ingredient in a variety of products such as bread, pastries, cookies, and others, adding a crunchy texture and rich flavor to the products. In snacks and bars, nuts are often used as a key ingredient due to their high protein content and satiating nature. In cereals, nuts are often mixed with grains and seeds, adding a crunchy texture and nutritional boost to the product. Other uses of nuts include their use in sauces, spreads, and dressings, adding a rich, creamy texture and unique flavor to the products.
Global Nut Ingredients Market Outlook:
The Global Nut Ingredients Market outlook highlights that the market was valued at US$ 15600 million in 2022. It is projected to reach a value of US$ 23410 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing consumer preference for healthy and natural ingredients in their food. The market is also influenced by the growing trend of veganism and plant-based diets, as nuts are a key source of protein in these diets. In terms of regional distribution, Europe holds the highest share of income in the market, accounting for 38.53% in 2019. This can be attributed to the high consumption of nuts in the region, driven by the high awareness of their health benefits and the popularity of plant-based diets. North America follows closely behind, with a share of 30.78%. This can be attributed to the high consumption of nuts in the region, particularly in the form of snacks and health-focused food products.
| Report Metric | Details |
| Report Name | Nut Ingredients Market |
| Accounted market size in 2022 | US$ 15600 in million |
| Forecasted market size in 2029 | US$ 23410 million |
| CAGR | 5.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Olam International, ADM, Barry Callebaut, Borges, Voicevale, Kanegrade, American Nuts, MAKIN NUT, Petrow Food, Besana |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
