Nuts Market Size | Diamond Foods, Inc. Leads Growth

Nuts Market Size | Diamond Foods, Inc. Leads Growth | USD 87.75 Billion Forecast

Posted 2024-04-18 03:38:20

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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