Edible Nuts Market

Global Edible Nuts Market Size (2024 to 2032)       

The Global Edible Nuts market was valued at USD 66.90 million in 2023. The global market size is expected to grow at a CAGR of 5.7% from 2024 to 2032 and be worth USD 110.17 million by 2032 from USD 70.71 million in 2024.

MARKET OVERVIEW

Dry fruits and edible nuts are widely consumed. For dried fruit, the water content is extracted from the fruit either naturally, by sun-drying or through the use of advanced dehydrators. On the other side, the edible nut is a fruit made of a hard shell and seed. Dry fruits and edible nuts are an essential source of nutrients for humans comparable to fresh fruits and are a significant source of dietary fibre and potassium. They are also a rich source of vitamin A, vitamin K, and iron. Nuts, on the other hand, are very high in nutrients and have a good source of fats and vitamins as well as amino acids. Europe is expected to dominate the global market for edible nuts. Countries such as the Netherlands, Germany, France, and the United Kingdom are expected to be significant regions for edible nuts in Europe due to increasing demand for organic, low-sugar, and safe food items. The market for edible nuts in Asia-Pacific is expected to be the fastest-growing in the forecast period, attributed to the increasing demand of health-conscious consumers in the area for nutritious food ingredients. The North American market is expected to grow steadily during the forecast period due to the widespread use of nuts such as acorns and American beech for their starch and fat content. The market in other areas has seen significant growth due to the application in oil and food products.

MARKET DRIVERS

Consumption of edible nuts has increased due to a shift towards a healthy lifestyle by consumers. Edible nuts are rich in Vitamins K and A and Iron. They also provide minerals, fiber, Potassium, and Calcium. The high nutrient density and the rich source of bioactive compounds make them significantly beneficial for health. Consumers have become health conscious as a result, there has been a significant shift in their intake and diet. Resultantly, the market for edible nuts such as Walnut, almonds, Pistachios, Hazelnuts and Cashew nuts is flourishing. Thus, the increasing awareness and rising adoption of a healthier lifestyle have fuelled the growth of the edible nuts market. The shelf-life of edible nuts can be increased by up to one year when refrigerated. Consequently, they can be bought in bulk and stored easily. Edible nuts have multiple applications in the food and beverage industry and can be used as an ingredient in a lot of dishes. Besides, their nutritional value they act as flavour enhancers.

Factors such as longer shelf life, crunchiness, and high nutrition density are expected to bring new opportunities and boost the market for edible nuts. The market growth is also fostered by the fact that edible nuts can be used in a wide variety of products like yogurts, ice creams, artisan crackers, etc. The chocolate industry has been using edible nuts to enhance the taste of chocolates. This provides a lucrative opportunity for the market of edible nuts to grow. Increasing veganism and the flexitarian population shifting from animal-based products to plant-based products provides a huge opportunity for the edible nuts market to bolster its position globally.

MARKET RESTRAINTS

The processing stage of edible nuts is a lengthy and costly process. The high price of the processing techniques before commercialization such as extraction, clarification and packaging are the major restraints affecting the market growth of edible nuts. These processes are quite intensive and are a major deterrent to the growth of this market globally.

MARKET CHALLENGES

The pandemic has affected the edible nuts market badly. Reduced consumption and supply chain disruption was the prime challenge faced by the industry. In addition to that high price of processing techniques continue to pose a threat to the market. For example - Cashew nuts pass through the stages of extraction, clarifying, and packaging. This makes the process quite intensive and is projected to hamper the market growth of edible nuts

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Edible Nuts Market Analysis By Form

The peanut category dominated the market for edible nuts by volume in 2019 and is expected to remain dominant over the forecast period compared to its counterparts. Meanwhile, the almond segment is expected to grow at the highest CAGR in terms of value during the forecast period. The bakery & confectionery segment had the largest share of price in the global market for edible nuts in 2019. Manufacturers are launching new energy bars with edible nuts. Their long-lasting crunchiness, combined with their associated health benefits, is a driving factor in the market for bakery and confectionery products containing edible nuts.

KEY PLAYERS IN GLOBAL EDIBLE NUTS MARKET

Key Players In Global Edible Nuts Market Are Diamond Foods, Olam International, Waterford Nut, Farm Breeze International, Just Almonds, Blue Diamond Growers, Mariani Nut, Select Harvests, Global Nut, Archer Daniels.

DETAILED SEGMENTATION OF GLOBAL EDIBLE NUTS MARKET INCLUDED IN THIS REPORT    

This research report on the global edible nuts market has been segmented and sub-segmented based on product type, usage, form & region.           

By Product Type

• Almonds
• Cashew Nuts
• Hazelnuts
• Peanuts
• Pistachios
• Walnuts

By Usage

• Bakery and Confectionery
• Flavored Drinks
• Breakfast Cereals
• Snacks
• Butter and Spreads
• Dairy Products
• Others

By Form

• Whole
• Powder
• Roasted
• Splits

By Region

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America