Tree Nuts Market Size to grow by USD 24672 million between 2024-2028
According to a research report “ Tree Nuts Market” by Product (Almonds, Pistachios, Walnuts, Cashews, Others) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 24672 million, at a CAGR of 8.09% during the forecast period. The tree nuts market is experiencing significant growth due to the increasing preference of millennials for these products as convenient and healthy snacking options. This trend is particularly prominent in key markets such as Australia, Germany, the US, and China. With the rising purchasing power of millennials worldwide, they are poised to become a substantial consumer demographic in the forecast period. The global consumption of tree nuts is escalating, driven by their numerous health benefits and the busy lifestyles of consumers, making virtually every tree nut product an ideal choice for on-the-go snacking..
Browse market data tables, figures, and in-depth TOC on “Tree Nuts Market” by Product (Almonds, Pistachios, Walnuts, Cashews, Others) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Product, the Almonds segment is projected to dominate the market size in 2024
The global tree nuts market experienced significant growth in 2022, with the almond segment leading the way. Almonds, renowned for their nutritional value, are rich in essential vitamins, minerals, antioxidants, and healthy fats. These nuts offer numerous health benefits, including improved heart and bone health, blood sugar level control, and reduced cancer risk. The increasing consumer awareness and preference for these health benefits have driven up global demand for almonds. As a result, annual production has increased to meet this demand, with the US being a major contributor to the global almond supply.
By Distribution Channel, Offline segment is expected to hold the largest market size for the year 2024
The offline distribution segment holds a significant market share in the global tree nuts market, with supermarkets and hypermarkets being the most efficient channels. These channels enable customers to inspect tree nuts, such as cashews, for packaging defects and expiration dates prior to purchase. In developing countries like India and China, tree nuts are predominantly sold through supermarkets and hypermarkets. Consequently, the expansion of offline distribution channels is projected to drive the growth of the global tree nuts market throughout the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
The Asia-Pacific (APAC) region is a significant market for tree nuts due to increasing consumption, with China being a major contributor. Traditional practices and growing health consciousness have fueled this trend. In China, the nut consumption tradition persists, and the rise in disposable income and health-conscious consumers have led to a surge in demand for tree nuts. Organizations such as the Nuts and Roasted Seeds Division of the Chinese National Food Industry Association and the South China Tree Nut Association are actively promoting the health benefits of tree nuts, thereby driving market growth in the region.
The Tree Nuts Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The tree nuts market is experiencing a significant surge in demand due to the increasing concern about health and the rise in literacy regarding the benefits of healthy organic food. Nut oils, nut flours, nut milks, and nut butters have become popular choices for gourmet dishes, toppings, and dairy alternatives. Culinary applications of these nut-derived products are widespread, from baking and confectionery to butter and spreads, and even in breakfast cereals. The nut market caters to various dietary preferences, including the ketogenic, paleo, and vegan diets. Nut oils are rich in healthy fats and antioxidants, making them ideal for cooking and salad dressings. Nut flours offer a gluten-free alternative to traditional wheat flours, while nut milks provide a dairy-free option for those with lactose intolerance or following a vegan diet. Nut butters, such as almond, cashew, and peanut butter, are a staple in many households due to their versatility and nutritional value. The market for tree nuts is not only limited to food and beverages but also extends to the pharmaceutical industry, where nut oils are used in the production of certain medications. However, it's important to note that nut allergies are a concern for some consumers, and the rising prevalence of nut allergies may pose a challenge for the industry. Despite this, the demand for tree nuts and nut-derived products continues to grow, driven by their health benefits and widespread adoption of veganism.
Market Research Overview
Title: Tree Nuts Market: A Delicious and Nutritious Marketplace of Brazil Nuts, Chestnuts, Hazelnuts, Pistachios, and More The tree nuts market is a vibrant and diverse sector, encompassing a wide range of product types from Brazil nuts and chestnuts to hazelnuts, pistachios, and beyond. This market holds significant cultural influence in Middle Eastern and Mediterranean cuisines, extending its reach to various culinary applications in gourmet dishes, toppings, dairy alternatives, and functional food & beverages. Products like nut oils, nut flours, nut milk, and nut butters have gained popularity among health-conscious consumers following diets such as ketogenic, paleo, and vegan. These nuts are rich in essential nutrients, including omega 3 fatty acids, minerals, antioxidants, and phytochemicals. Cashews, walnuts, almonds, and other nuts contribute to the nutritional value and health benefits of this market. The largest producers, such as Blue Diamond Growers, offer various flavors and snack choices to cater to diverse consumer preferences. The tree nuts market extends to B2B and B2C sectors, with applications in dairy products, flavored drinks, and direct consumption as nutritional snacks, meal replacements, energy bars, cookies, pastries, cakes, bakery products, confectionery, and snacks. Innovative flavors and whole tree nuts, splits, and wholesome snack products continue to drive robust growth in this market. Despite the health benefits, concerns about nut allergies and rising prevalence of allergies necessitate careful processing and labeling. Tree nuts are also used in butter and spreads, breakfast cereals, and bakeries and confectionery, ensuring widespread application and adoption of healthy, organic food. In summary, the tree nuts market offers a rich and diverse range of products, from various nut types to innovative flavors, catering to changing lifestyles and health consciousness. This market is expected to continue its growth trajectory, driven by the increasing preference for healthy, organic food and beverages.
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