According to IMARC Group’s latest research report, titled “Tree Nuts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the tree nuts market. The report also includes competitor and regional analysis, and contemporary advancements in the market. 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.
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Tree Nuts Market Outlook:
Tree nuts are a diverse group of edible seeds that grow within the hard outer shell of various types of trees. They are a rich source of nutrients, including healthy fats, vitamins, minerals, oils, proteins, carbohydrates, fibers, phytosterol, tocopherol, and phenolic compounds. They are also known for their antioxidant and anti-inflammatory properties, due to which they offer various health benefits, including improving heart, bone, and brain health and reducing the risk of diabetes, hypertension, cancer, inflammation, and coronary heart disease. These nuts are often consumed raw or roasted as a snack and are also commonly used in cooking and baking to add flavor, texture, and nutrition to dishes. Some commonly consumed nuts include cashews, almonds, Brazil nuts, chestnuts, filberts, hickory nuts, hazelnuts, pecans, walnuts, pistachios, and macadamia nuts.
The increasing demand for healthy and natural food products is driving the global market. Along with this, the growing trend toward plant-based diets is creating a positive market outlook. Moreover, several leading players are heavily investing in the 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, thereby contributing to the demand. Besides, the 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.
Key Market Segmentation:
Competitive Landscape with Key Players:
- 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.
Product Type Insights:
- Brazil Nuts
Distribution Channel Insights:
- Direct Consumption/Culinary Purpose
- Bakery and Confectionery
- Breakfast Cereals
- Flavored Drinks
- Butter and Spreads
- Dairy Products
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.