IMARC Group’s latest research report, titled “Tree Nuts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the tree nuts market trends analysis. The global tree nuts market size reached US$ 50.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 101.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.11% during 2024-2032.
Tree Nuts Market Overview:
Tree nuts refer to the edible seeds of fruit-bearing saplings with a hard outer shell. They include almonds, Brazil nuts, chestnuts, filberts, hickory nuts, hazelnuts, cashews, pecans, walnuts, pistachios, and macadamia. Tree nuts are nutrient-dense products rich in proteins, carbohydrates, fibers, oils, tocopherol, minerals, phytosterol, and phenolic compounds. They improve bone, heart, and brain health and reduce the risk of hypertension, cancer, diabetes, inflammation, and coronary heart disease. The processing of tree nuts involves various steps, such as disinfection, disinfestation, blanching, drying, kernel peeling, and roasting. As a result, tree nuts are widely used in alcoholic and non-alcoholic beverages, snacks, cooking, confectionery, dairy products, bakery goods, nutritional supplements, natural flavorings, and cosmetics.
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Tree Nuts Market Trends:
The extensive product utilization for garnishing, topping, and flavoring in gelatos, desserts, frozen yogurts, pralines, salads, ice creams, coffees, herbal tea, hot cocoa, specialty drinks, sauce, soups, etc., is primarily driving the tree nuts market. Besides this, the escalating demand for these seeds in baking and confectionery applications to produce cookies, biscotti, donuts, crackers, pastries, cakes, pies, granola bars, baklava, marzipan, and chocolate is further augmenting the market growth. Moreover, the growing popularity of tree nuts, as they are rich in proteins, carbohydrates, magnesium, minerals, copper, monounsaturated fats, fibers, and vitamin E, is also catalyzing the global market.
Apart from this, the development of highly efficient and sustainable processing techniques, such as infrared (IR) heating, high-power ultrasound treatment, and irradiation technology, that improve drying and disinfection processes, save energy, and reduce time, is acting as another significant growth-inducing factor. Furthermore, the elevating requirement for these seeds to produce skin and hair care products, lotions, soaps, body scrubs, and sunscreens, owing to their high antioxidant contents that reduce wrinkles, cure dark circles, and treat damaged skin, is expected to bolster the tree nuts market in the coming years.
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.
Key Market Segmentation:
Product Type Insights:
- Almonds
- Cashews
- Walnuts
- Pistachios
- Hazelnuts
- Chestnuts
- Brazil Nuts
- Others
Form Insights:
- Whole
- Split
- Others
Distribution Channel Insights:
- Online
- Offline
Application Insights:
- Direct Consumption/Culinary Purpose
- Bakery and Confectionery
- Breakfast Cereals
- Snacks
- Flavored Drinks
- Butter and Spreads
- Dairy Products
- Others
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.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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