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Nuts Market Industry Cracking Open Growth: Market Expected to Reach US$87.75 Billion by 2030
The global nut industry is shelling out positive growth projections, with a market value expected to reach US$87.75 billion by 2030. This translates to a compound annual growth rate (CAGR) of 5.5% from 2024, according to a new report by Maximize Market Research (MMR).
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Market Overview
Rising health consciousness and consumer demand for convenient, protein-rich snacks are fueling the growth of the nut industry. Almonds, cashews, peanuts, and walnuts are leading the pack, with consumers drawn to their versatility, taste, and nutritional benefits.
Market Scope
The MMR report provides a comprehensive analysis of the global nut market landscape, examining key trends, growth drivers, and challenges. It also delves into the various segments that comprise the market, offering insights into:
- End Use: Foodservice industry, Household
- Product: Almonds, Peanuts, Cashew, Walnuts, Hazelnuts, Pistachios
- Form: Whole (Plain, Roasted, Salted), Powder
Segmentation Caters to Diverse Needs
The nut market caters to a variety of dietary needs and taste preferences. Whether you're a home baker seeking whole almonds or a health-conscious consumer grabbing a pack of roasted cashews, there's a nut option to suit your needs.
Key Players Shelling Out Innovation
A diverse range of established and emerging players are driving innovation in the nut industry. Some of the key players identified in the MMR report include:
- Borges Agricultural & Industrial Nuts
- Diamond Foods, Inc.
- John B. Sanfilippo & Son
- Ludlow Nut Co Ltd
- (...many more...)
Addressing Sustainability Concerns for a Nutty Future
While the nut market presents exciting opportunities, there are challenges to address. Sustainability concerns surrounding nut farming and water usage are areas where industry leaders are focusing their efforts.
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