North America Edible Nuts Market

North America Edible Nuts Market Size, Share, Growth (2023-2028)

North America Edible Nuts Market size was worth USD XX million in 2023, so it is estimated to reach USD XX million by 2028, growing at a CAGR of XX%.

Overview:

Edible nuts are considered the most nutritionally dense food source, as they are abundant in proteins, calories, minerals, and many other nutrients. Edible nuts are commonly consumed and high in critical elements such as minerals, fiber, potassium, and calcium. Other vitamins found in edible nuts include vitamin K, vitamin A, and iron. Edible nuts include peanuts, almonds, hazelnuts, pistachios, cashew nuts, and walnuts. Consumers' pursuit of a healthier lifestyle has increased their consumption of edible nuts. Furthermore, as consumers have grown more careful of their consumption and diet, there has been a considerable increase in nuts such as walnuts, almonds, pistachios, hazelnuts, and cashew nuts. As a result, the growing popularity of a healthy lifestyle is primarily propelling the market.

Recent Developments 

1. Olam International Ltd disclosed in 2019 that it had finalized an acquisition deal to purchase a 100 % stake in Hughson Nut Inc, a Californian almond processor and ingredient maker (HNI).
2. Nestle India launched Munch Fruit O Nuts to broaden its chocolate profile as customers actively desire "good-for-me" components. The unique Munch flavor contains pomegranate bits and almonds.

North America Edible Nuts Market Drivers and Restraints

The North American edible nuts market driver can be linked to consumers' increased acceptance of a healthy lifestyle, which has increased edible nut consumption. Furthermore, as consumers have grown more careful of their consumption and diet, there has been a considerable increase in nuts such as walnuts, almonds, pistachios, hazelnuts, and cashew nuts. Therefore, the growing adoption of a healthy lifestyle is the major driving factor of the edible nut market growth throughout the forecast period 2022 - 2027. Furthermore, increasing the adoption of edible nuts as an additive will likely create new possibilities due to their remarkable qualities, such as prolonged shelf life, crispiness, and rich nutritional content. They are extensively used in yogurt, snacks, ice cream, and desserts. As a result, the increasing use of edible nuts as an ingredient in various culinary products is predicted to drive market expansion in the coming years. Furthermore, producers' increased usage of edible nuts in confectionery to improve the quality of the product is projected to provide profitable prospects to the edible nuts market.

The high cost of processing processes is because edible nuts, such as cashew, undergo several steps of manufacturing prior to distribution, including extraction, clarification, and packaging. These procedures are time-consuming, and this aspect is projected to slow down the growth of the edible nut market. In addition, rapid urbanization decreases the supply of cultivable land, and various government policies about land utilization limit market expansion. Unpredictable weather and a changing climate are the key elements that determine supply availability each year, regardless of rising demand. When eaten in the recommended amounts, they can assist in retaining the advantages; nevertheless, excessive consumption of edible nuts can lead to various health problems, such as abdominal pain, discomfort, and diarrhea. In addition, some edible nuts are heavy in calories and fats, which can be harmful to one's health if ingested in excess. These are some of the significant impediments to the growth of the Edible Nuts industry.

North America Edible Nuts Market Segmentation

The North America Edible Nuts Market is segmented by Product Type, Usage, and Form.

By Product Type

• Almonds

• Cashew Nuts

• Hazelnuts

• Peanuts

• Pistachios

• Walnuts

There are various sorts of edible nuts. Cashew nuts, walnuts, almonds, chestnuts, and other nuts are examples. Among these, cashew nuts and almonds are popular in households. Almonds are the most widely consumed edible nuts. It is a plum-like fruit seed.

By Usage

• Bakery and Confectionery

• Flavored Drinks

• Breakfast Cereals

• Snacks

• Butter & Spreads

• Dairy Products

Edible nuts are eaten directly and are also used in cuisine applications. The food and beverage category contributes to the most significant chunk of the edible nuts industry. Their popularity is due to an increased understanding of the health advantages linked to them. Customer desire for nutrient foods will retain edible nuts in high demand in the coming years. They are also found in granola bars, protein bars, and breakfast meals.

When preparing cakes, pastries, pralines, and crispy garnishes for cakes and biscuits, edible nuts are essential components. They are often used to thicken sauces and nut butter—the flavor of all of baked products and various dishes. Bakeries and confectioneries have been utilizing edible nuts in numerous baked products for centuries and are expected to increase demand in the future. 

By Form

• Whole

• Powder

• Roasted

• Splits

Edible nuts are tasty, flavored, and comprises a good amount of fats, fibers, and proteins. These are available in several forms, neither complete form nor chopped or powdery form, depending on the dish to make.

North America Edible Nuts Market Regional Analysis:

• Us

• Canada

Because of the region's stable consumer expenditure, the North American food and beverage industry maintain a steady pace. Throughout the predicted period, the United States will remain one of the most profitable markets. Rising consumer knowledge about the importance of food in people's well-being has made customers in the United States and Canada more conscious of the substances used by manufacturers. Furthermore, due to a preference for healthy meals, North American food and beverage firms have developed new portfolios, which has projected the need for the edible nuts market.

Impact of COVID-19 on North America Edible Nuts Market

Because of the Coronavirus epidemic, bakeries are experiencing decreased consumption and supply chain disruption. While at-home consumption has increased significantly throughout the crisis, out-of-home consumption has stalled. Out-of-home consumption will resume once the situation has stabilized. This is predicted to reduce demand for edible nuts for a short period. Therefore, during the projected period, the edible nuts market is expected to increase at a slower rate.

North America Edible Nuts Market Key Players

Major Players in the North America Edible Nuts Market are 

1. Diamond Foods

2. Olam International

3. Waterford Nut

4. Farm Breeze International

5. Just Almonds

6. Blue Diamond Growers

7. Mariani Nut

8. Select Harvests 

9. Global Nut

10. Archer Daniels