The “Nut Products Market by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, and Nut Flour), Nut Type, End User/Application, Quality and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global nut products market size is estimated to be valued at USD 1.5 billion in 2020 and is projected to reach USD 2.0 billion by 2025, recording a CAGR of 5.8%, in terms of value.
The market is increasingly driven by increasing consumer preferences for nutrient-rich nut products, the growing awareness toward preventive approach for overall health and well-being, and the robust increase in the launch of food & beverage products using natural nut ingredients, such as almonds, walnuts, cashews, and hazelnuts. The inclusion of premium nut-based products in bakery, confectionery, beverages, and other processed foods have provided consumers with various options that is healthy and tasty at the same time. This trend is expected to continue strong throughout the forecast period.
By type, nut fillings with cocoa segment is projected to grow at the highest CAGR during the forecast period.
Nut fillings with cocoa help in adding texture and nutrition to the products and are increasingly used in the preparation of health-based snack foods. The market for nut fillings with cocoa is projected to witness rapid growth across regions due to the development of the food processing industry and high consumption among the population.
By application, the cereals & snack bars segment is estimated to account for the fastest growth rate.
The incorporation of edible nuts like almonds, pistachios, walnuts and hazelnuts in cereals & bars has experienced robust growth in the past few years. The inclination of consumers towards the snack bar category is mainly because it is considered as a convenience health-benefiting food product. It also provides crunchiness, and provides numerous nutrients, and improves taste. Nuts like almonds provide a fuller feeling to consumers due to their high protein content. Owing to these factors, cereals & snack bars are constantly experiencing growth in markets of the US and Europe.
The North America region is projected to grow at the highest CAGR during the forecast period.
The significant increase in the rate of obesity rate in regions like the US has created growth opportunities for meal replacement beverages, healthier snack items, and nutrition bars. Therefore, people are opting for a healthier lifestyle, with more inclination toward health-benefiting food products. The increase in the use of edible nuts as a nutritional product and as an ingredient in numerous food segments, such as cereals, snacks, desserts, and confectionery products, has helped in creating growth opportunities for nut products manufacturers.
- Rising Health Awareness Led to Evolving Dietary Patterns
- Robust Growth Projections for the Bakery and Confectionery Sectors
- Preventive Healthcare-Emerging Dietary Approaches to Address Lifestyle Diseases
- Nuts as Major Ingredients in New Product Developments
- Vegan Food Products-Nuts as a Key Ingredient-Their Strategic Positioning
- Availability and Fluctuating Costs for Nuts as Raw Material
- Allergenicity Concerns for Nut-Based Ingredients
- Expanding Application Spectrum for Nuts and Derivatives
- Emerging Economies as Global Hotspots for Investments in the Nut Products Market
- Supply Chain Management Intricacies and Quality of Nut Products
- Almendras Llopis
- Barry Callebaut
- Blue Diamond Growers
- Mandelin, Inc
- Moll Marzipan GmbH
- Mount Franklin Foods
- Olam International
- Royal Nut Company
- Stelliferi & Itavex S.P.A (Acquirer: Ferrero International S.A.)
- Sucrest GmbH (Subsidiary of Kerry Group)
- Treehouse Almonds
- Zentis GmbH & Co. Kg
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