Nut Market Ready to Crack Open $87.75 Billion Opportunity by 2030, Driven by Health and Culinary Trends
The global nut market is shelling out good news, with a projected value of nearly USD 87.75 billion by 2030, according to a new report by Maximize Market Research. This signifies a growth rate of 5.5% from 2024, fueled by rising health consciousness and the expanding role of nuts in various cuisines.
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Beyond Restaurants: A Nutty Future for Households
While the food service industry currently holds the largest share of the nut market, the report forecasts significant growth in the household segment. Consumers are increasingly prioritizing healthy snacking and incorporating nuts into their diets, driving demand for in-home nut consumption.
A Diverse Nut Bowl: Almonds Lead the Pack
Almonds are predicted to remain the top nut choice, followed by peanuts, cashews, walnuts, hazelnuts, and pistachios. The report explores the market across different forms, including whole (plain, roasted, salted) and powdered varieties, catering to a wide range of culinary preferences.
Navigating the Post-Pandemic Landscape
The COVID-19 pandemic impacted the nut market, but the report highlights its resilience. The growing focus on health and immunity has bolstered the demand for nuts, a natural source of essential nutrients.
Global Players Share the Nutty Bounty
The report offers a comprehensive analysis of key players in the nut market, including established names like Borges Agricultural & Industrial Nuts, Diamond Foods, Inc., and Blue Diamond Growers. It also identifies emerging players like Wildly Organic and Tierra Farm who are capitalizing on the organic and health food trends.
Regional Growth Sprouts Across the Globe
North America is expected to hold a strong position, but the Asia Pacific region is poised for the fastest growth due to its booming population and increasing disposable income. Europe and other regions are also projected to witness steady growth in the nut market.
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