Edible Nuts Market Insights:
Edible nuts have shot into the spotlight as they are nutritionally dense and offer consumers protein, fiber, minerals, and several other trace compounds that contribute to a healthy body. Market Research Future's report on the global edible nuts market for the forecast period of 2023 to 2032 reveals several key facts and figures about the market. The market's optimistic outlook is likely to result in expansion of the present market value of edible nuts.
In South Korea Edible Nuts Market is thriving as consumers increasingly prioritize health and wellness in their snack choices. From almonds to pine nuts, Koreans enjoy a variety of nuts for their taste, texture, and nutritional benefits. The market's growth is fueled by factors such as increasing awareness of the importance of a balanced diet, the influence of wellness trends, and a preference for natural, minimally processed foods. Moreover, the versatility of nuts as snacks, ingredients in cooking, and toppings for desserts has contributed to their popularity among South Koreans. As manufacturers introduce new flavors, formats, and value-added products to cater to evolving consumer preferences, the South Korean market for edible nuts presents exciting opportunities for growth and innovation.
The Edible Nuts Market Size was valued at USD 210.69 billion in 2022. The Edible Nuts market industry is projected to grow from USD 222.48 Billion in 2023 to USD 344.04 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2023 - 2032).
Edible nuts are high in mono-unsaturated fatty acids (MUFA), which are some of the healthiest fats one can consume. MUFA-rich food is often recommended to those looking to lose weight as it provides a lasting full feeling, thus resulting in reduced snacking and an overall reduction in the intake of calories. Moreover, healthy fats have been highly recommended to patients with coronary diseases and other diseases. Protein content in nuts is another factor driving demand, particularly among the health conscious. Global shift toward mindful eating, and health consciousness due to the dramatic rise in chronic diseases has increased the demand for edible nuts. Moreover, veganism has been on the rise and innovation in product offering for this expanding demographic has resulted in the use of nuts to make dairy alternatives. Almonds and cashews are commonly used to make nut milks and yogurt substitutes. Cashew is used for making dairy-free cheese substitutes, cream substitutes and other dairy alternatives. With the increasing demand for vegan products, the market is likely to witness further expansion in the coming years. Nuts have been highly popular in the F&B industry, being used in cooking, bakery products, confectionery and several other areas. The growth of this industry due to increasing demand from a rising population with more purchasing power is also expected to impact the market positively.
Edible nuts are climate dependent, and several challenges in the production of nuts may restrain the market. Prices are volatile depending on production. For instance, recent droughts in California led to a significant increase in the price of almonds.
Key Players:
MRFRs analysis of the global Key Edible Nuts Market Players includes prominent players such as Mariani Nut Co., Blue Diamond Growers, Arcer Daniels Midland Co., Olam International, Diamond Foods, Waterford Nut Co., Select Harvests Ltd, KP Nuts, Acomo, and John B. Sanfilippo & Son, Inc.
Market Segmentations:
MRFR's report analyses the various parts of the market which contribute to the whole. As such, the global Edible Nuts Market has been segmented on the basis of type, form, application, and region. Various types of edible nuts include cashew nuts, almonds, chestnuts, pistachios, hazelnuts, brazil nuts, and others. Edible nuts are available in various forms which include whole, powder, split, and others. Applications for edible nuts include direct consumption/culinary purpose, bakery & confectionery, breakfast cereals, snacks, beverages, dairy products, and others.
Latest Industry News:
- Crookes Brothers South Africa are increasing their macadamia nut production to meet growing demand. Investments in land are being made to this effect.
- Doehler has acquired Nutrafood in an effort to increase its penetration into nut-based food categories which are being highly popular such as bread spreads, and dairy alternatives.
Related Reports:
Tree Nuts Market Research Report Information by Product Type (Cashew Nuts, Walnuts, Almonds, Pistachios, Hazelnuts, Chestnuts, Brazil Nuts, Others), By Forms (Whole, Split, Others), By Application (Direct Consumption/Culinary Purpose, Bakery & Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter & Spreads, Dairy Products, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Informations sur le marché des produits de santé digestive - par type de produit (prébiotiques, probiotiques, multivitamines, suppléments nutritionnels à base de lactase, suppléments nutritionnels digestifs et autres), par format de livraison (capsules, comprimés, produits à croquer, gouttes, comprimés, bâtonnets, liquides, gels mous, suppositoires, gels et autres), par régime alimentaire spécialisé (naturel, végétarien, sans gluten, sans produits laitiers, végétalien, biologique, sans lactose, riche en fibres et autres), par applicatio...
Marktforschungsbericht für Kräuterextrakte: Informationen nach Quelle (Minze, Rosmarin, Thymian, Basilikum, Dill, Lavendel und andere), Form (Flüssigkeit/Tinkturen, Pulver, ätherische Öle und andere), Anwendung (Lebensmittel und Getränke, Pharmazeutika, Körperpflege und Kosmetik und andere) und Region (Nordamerika, Europa, Asien-Pazifik und Rest der Welt) — Prognose bis 2027
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
