Tree Nuts Market Analysis | APAC to Dominate Market Growth through 2023-2027
Tree Nuts Market is estimated to exhibit growth at a CAGR of 7.15% between 2022 and 2027 followed by a steady revenue growth of USD 20,008.42 Mn. The rising popularity of vegan snacks among millennials, the health benefits associated with tree nuts, rise in the number of tree nut-based snack launches are some of the major determinants of this market expansion of the Tree Nuts.
When it comes to market segmentation, it can be categorized by product (almonds, pistachios, walnuts, cashews, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
Technavio has been monitoring the Tree Nuts Market's growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
APAC to lead the Tree Nut Market
APAC to lead the Tree Nut Market across the globe
33% of the growth of the global market during the forecast period will originate from APAC. In terms of nut consumption, APAC is one of the leading areas; China was one of the leading countries in terms of consumption, followed by India and Vietnam.
As per reports."Several organizations in China, such as the Nuts and Roasted Seeds Division of the Chinese National Food Industry Association and the South China Tree Nut Association, are continually contributing to the growing demand for tree nuts in the region by educating consumers about the associated health benefits"
Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. For more insights and data-backed analysis request a sample report on the Tree Nut Market
When it comes to the key competitors Leading brands such as Archer Daniels Midland Co., Barry Callebaut AG, Blue Diamond Growers, Borges Agricultural and Industrial Nuts SA, BredaBest BV, Diamond Foods LLC, Hines Nut Co., IMPORTACO SA, Intersnack Group GmbH and Co. KG, Kanan Enterprises, Kanegrade Ltd., Mariani Nut Co., Olam Group Ltd., Plantabul Ltd., Poindexter Nut Co., Select Harvests Ltd., Summit Almonds LLC, Sun Valley Nut LLC, Voicevale Ltd., and Waterford Nut Co.are some of the major market participants. Our report comes with profiled analysis of the market pioneers
Tree Nuts Market: Key Highlights of the Report for 2023-2027