January 31, 2023

The global nut market size is expected to gain momentum owing to the increasing demand for nutmeals during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Nut Market, 2022-2029.” The rising application in cooking, demand from health-conscious people, organic farming, improved planting material, and modification in mechanization are major growth factors in the market. Adoption of advanced technology, digitalization of the industry, digital solutions for sales and marketing, and R&D activities for advanced cleaning solutions are the driving forces behind the growth of the market. For instance, in 2020, sports nutrition brand Acti-Snack launched a new range of healthy snack mixes.

COVID-19 Impact-

Supply Chain Disruption to Hamper the Market Growth

The COVID-19 pandemic positively affected the market as people’s preferences switched toward healthy and immunity-boosting foods. Online businesses saw a massive increase in sales, which helped to sustain demand in the market. The market faced challenges due to supply chain disruptions across countries during the lockdown.

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List of Key Players Profiled in the Global Market for Nut:

  • Honeyville Inc.
  • Blue Diamond Growers
  • Royal Nut Company
  • Braden Farms Inc.
  • Sun Organic Far
  • HBS Natural Choice
  • South Valley Farms
  • Ludlow Nut Co Ltd.
  • Tierra Farm

Segments-

By category, the market is segmented into conventional and organic. On the basis of type, the market is segregated into almonds, peanuts, walnuts, cashews, and others. On the basis of distribution channels, the market is fragmented into supermarkets, online retail stores, retail stores, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

What does the Report Offer?

The report examines the market size, characteristics, growth, and segmenting the market by type, application, and consumption area. The research also describes the major firms and introduces players in the industry from the standpoint of the industry chain and marketing chain.

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Drivers & Restraints-

Rising Health Awareness to Stimulate Growth

The global nut market growth is expected to grow due to rising health awareness during the forecast period. Organic and healthy snacking, combined with convenience and taste, is increasing customer desire for health awareness. Beginning with the sourcing of raw materials, organic nuts are grown in a certified organic atmosphere. Artificial preservatives, and small traces of chemical fertilizers, are completely removed from the nuts. A changing consumption pattern has resulted from rising health concerns and awareness.

REGIONAL INSIGHTS

Adoption of Novel Technologies to Promote Growth in Asia Pacific

Asia Pacific is expected to hold the largest global nut market share during the forecast period. The increasing area under nut cultivation, high prices, disposable income, and adoption of technologies for processing are major contributing factors in the region.

North America is anticipated to hold a significant position in the market. The increasing expenditure on health, rising disposable income, demand, and consumption are expected to drive the market forward in the region.

Competitive Landscape-

Manufacturers to Focus on R&D Investments to Offer Advanced Products

The market is extremely competitive, with essentially no entry barriers due to the product’s near-complete penetration. Major firms are working on providing new product offers to the market to meet consumer interests based on their current tastes and preferences.

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Industry Development-

  • October 2019: Olam International Limited has signed a purchase agreement to acquire Hughson Nut Inc., to help Olam increase its footprint in the global market.

 

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