Latest News- Nuts Market in US: Peanuts is expected to lead the Product segment during 2024-2028
The Nuts Market in US is being driven by Growing awareness about health benefits of nuts
The Nuts Market in US is expected to grow at a CAGR of 4.75% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.20 billion. The nuts market in the US is experiencing substantial growth due to the escalating consumer preference for plant-based protein sources. With the rise of vegetarian, vegan, and flexitarian diets, nuts have emerged as a popular alternative to animal-derived proteins. Boasting a nutrient-dense profile, nuts provide a significant amount of protein, healthy fats, fiber, vitamins, and minerals. This makes them an indispensable addition to plant-based meal plans. Consumers are integrating nuts into their daily meals, snacks, and recipes to satiate their protein requirements while reaping the health advantages of plant-based eating. The versatility of nuts as a protein source adds to their allure, catering to the diverse palates and dietary needs of consumers.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Peanuts, Almonds, Cashew, Walnuts, Others) Type (Whole, Diced, Roasted, Granular) Distribution Channel (Offline, Online) Geography (North America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Nuts Market in US Research Report
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The nuts market in the US is witnessing significant growth due to increasing consumption of organic nut snacks as part of a healthy dietary pattern. Nuts are rich in essential vitamins, minerals, protein, fiber, and antioxidants, making them a popular choice for snacking. The offline and e-commerce nuts markets are thriving, with nut suppliers catering to the demand for nut-based ingredients in various industries. Peanuts, almonds, walnuts, cashews, and other nuts each hold a distinct market share. The snack food industry is seeing a trend towards on-the-go snacks, spicy nuts, and nut butters. Nut allergy awareness is leading to innovation in nut-free alternatives and specialty nut brands. Nut snacking recipes are popular for their convenience and nutritional benefits, with snacking occasions ranging from dessert toppings to keto-friendly snacks. The nuts market growth is driven by the snacking behavior of consumers seeking nutrient-dense, portable snacks for their busy lifestyles. Nut sales are expected to continue rising as people incorporate nuts into their healthy lifestyle choices. Snack food trends and research indicate a strong future for the nuts market.
The Nuts Market in the US is a significant segment of the global Packaged Foods and Meats Market, as classified by Technavio under the Food Products sector. This market encompasses manufacturers and food processing vendors specializing in nut processing to ensure food safety and shelf stability. The market's size is determined by the consolidated revenue generated from key industry players. Cashews, rich in vitamins, antioxidants, fiber, and immune system boosters, are popular convenience foods due to their nutritious properties. Urbanization and increasing health consciousness have fueled industry demand, despite high costs. These nuts provide essential calories, making them a valuable addition to various food applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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