Latest News:- Nut Meals Market: Inorganic nut meals is expected to lead the Product segment during 2024-2028

Nut Meals Market to grow at a CAGR of 4.5% during 2024-2028

The Nut Meals Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1895.1 million. In the contemporary business landscape, the nut meal industry can significantly expand its reach and revenue through e-commerce platforms. E-commerce represents approximately 12% of global retail trade, with an upward trend in average transaction value and frequency. Consumers' growing preference for convenience and instant gratification, as evidenced by the "buy it now" mindset, is fueling market growth. For instance, the US market, with an internet penetration rate surpassing 90% in 2021, is expected to witness increased popularity in online nut meal sales. 

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The Inorganic nut meals subsegment is expected to dominate the Product segment during the forecast period 

Technavio analysts predict that the Inorganic nut meals subsegment will lead the Product segment during 2024 and 2028 The nut meals market represents a significant growth opportunity for food and beverage companies. Consumers are increasingly seeking nutrient-dense, convenient, and portable meal options, making nut meals an attractive choice. Market research indicates a steady rise in demand for nut meals due to their health benefits and versatility. Key players in the market are expanding their product lines to cater to this trend, leveraging innovative ingredients and packaging solutions. The nut meals market is poised for robust growth in the coming years.

Here are the various ways based on which the market is segmented: 

• Product
  • Inorganic nut meals
  • Organic nut meals
• Geography
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America

Reasons to Purchase the Global Nut Meals Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
• Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
• High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish increasing demand from millennials

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The nut meals market, driven by the popularity of nut-based snacks like peanut butter, has experienced significant historical growth due to its nutrient density and health benefits. Peanuts, a key player in this market, are rich in protein, healthy fats, and various essential nutrients. Food processing technologies have enabled the creation of a wide range of nut-based snacks, from organic and clean-label claims to high-protein, spicy, and sweet flavored products. The HoReCA sector and athletes have embraced nuts as a convenient and nutritious option, while the vegan population and those following paleo diets have fueled demand for nut meals due to their alignment with dietary requirements. Online purchasing and eCommerce platforms have made nuts more accessible than ever before, contributing to the market's growth. The nut meals market value is expected to continue increasing, with sales of nuts and nut products reaching new heights. Consumers' focus on healthy snacking, heart health, and weight management further boosts demand. Taste preferences and dietary requirements continue to influence the development of new nut-based snacks, from simple peanut butter to intricately flavored nut packages.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue of the participating manufacturers. This market excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Factors driving market growth include the health benefits of minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.

The Nut Meals Market is experiencing significant growth, fueled by the increasing demand from millennials. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/