Nuts and Nut Meals Market

Global Nuts and Nut Meals Market Size (2024 to 2032)

The global nuts and nut meals market is predicted to reach USD 57.51 billion in 2024 and USD 86.93 billion by 2032, growing at a CAGR of 5.3% during the forecast period.

MARKET OVERVIEW

The global nuts and nut meals market is driven primarily by the growing awareness of the health benefits of nuts as they are rich sources of fiber, protein, vitamins, antioxidants, and other essential minerals, and the growing popularity of the paleo diet. Asia-Pacific is the main market for nuts, with India and China representing the largest market share on the continent. North American and European markets are next, and nuts are very popular additions to processed foods like snack bars, cereals, and trail mixes. When it comes to the use and production of nut flours, North America is the largest market due to the high disposable income in the region and the popularity of the following emerging food fads in the region nets are an essential food source for humans and wildlife. Since Nuts are high in oil, they are generally used in cooking and cosmetics. They contain many essential fats, carbohydrates, vitamins, and amino acids. Many nuts are excellent sources of vitamin E, vitamin B2, folate, fiber, and vital minerals like magnesium, potassium, copper, and selenium. Nuts are healthy in their raw, unroasted kind, as roasting can dramatically damage and destroy fat throughout the process.

The global nuts and nut meals market is driven primarily by the growing awareness of the health benefits of nuts as they are rich sources of fiber, protein, vitamins, antioxidants, and other essential minerals, and the growing popularity of the paleo diet. They are a good source of saturated fat and help support a healthy heart and brain. Therefore, due to the nutritional benefits that nuts offer, they are an excellent substitute for meals. The market is also strongly driven by the growing vegan population around the world, as they are widely regarded as a good alternative to fish and eggs to meet calcium and vitamin B12 needs. In recent decades, the almond has built a good reputation for being a health nut, with its diabetic-friendly attributes such as its comparatively low-fat content and healthy omega-3 fatty acids. Although it is a healthy snack option, a large amount of fat and calories, which is responsible for the level of obesity, is one of the limiting factors in the world market for nuts and nutmeal. Another major deterrent is the prevalence of tree nut allergies among people, with 1.4% of the population in the United States suffering from peanut allergies.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Nuts and Nut Meals Market Analysis By Type

Cashew, which is popular due to the region's warm climate and is a major export product in countries like India, has the largest share of the world market, followed by peanuts and almonds. Peanuts have significant application in North America and Europe with their use in breakfast products such as peanut butter, which is widely consumed in Western countries. In recent decades, the almond has built a good reputation as a health nut with its diabetic-friendly attributes such as its relatively low-fat content and healthy omega-3 fatty acids.

Based on the category, the global market is bifurcated mainly as conventional and organic. Of these, the demand for organic nuts is estimated to skyrocket in the coming years with rising consumer awareness.

Global Nuts and Nut Meals Market Analysis By Application

While nuts have the greatest application in ready-to-eat foods, nut flours are primarily used for baking. Nuts and nutmeals are widely used as flavor mixes, such as nut-grain mixes, where they allow "smart labeling" of products to appeal to health-conscious consumers.

REGIONAL ANALYSIS

Asia-Pacific is the main market for nuts, with India and China representing the largest market share on the continent. This is due to the high production of nuts in these countries, which makes it possible to export all over the world. The North American and European markets are next, and nuts are very popular additions to processed foods like snack bars, cereals, and trail mixes. When it comes to the use and production of nut flours, North America is the largest market due to the high disposable income in the region and the popularity of the following emerging food fads in the region. 

KEYN PLAYERS IN THE GLOBAL NUTS AND NUT MEALS MARKET

Companies playing a noteworthy role in the global nuts and nut meals market include Syngenta, Archer Daniels Midland Co, Bob’s Red Mill Natural Foods, McCormick and Co, Sun Organic Farm, Royal Nut Company, Honeyville, Inc. and Blue Diamond Growers Inc.

RECENT HAPPENINGS IN THE MARKET

• Archer Daniels Midland Co. has acquired the California Gold Almonds nut and seed processing operations and assets from Modesto, Calif. According to ADM, the acquisition adds "critical processing capacity" to its West Coast walnut production operations in Lodi and Stockton, California. Following the transaction, ADM acquires the lease of the new Modesto processing plant and takes possession of the facility's assets.
• Following Snyder-Lance's acquisition of Diamond Foods in February this year, the company decided to sell the Diamond of California brand of nuts to Blue Road Capital and retain the Diamond snack brands while pursuing its strategic plan for growth in the best of your snack space. As part of the deal, Blue Road Capital agreed to acquire the Diamond of California brand of nuts, which produces walnuts, almonds, cashews, and pistachios for an undisclosed quantity.
• Olam International agreed to acquire Hughson Nut from APB Partners, a California almond processor and ingredient manufacturer, for $ 54 million, with the goal of expanding its existing portfolio and meeting growing demand. The deal also comes with the acquisition of the real estate assets of Hughson Nut, which will allow Olam to offer a completely integrated solution to the entire almond value chain in the Unites States of America, along with similar developments in nations of Australia and Vietnam.
• Barry Callebaut, the a renowned producer of high-quality cocoa and chocolate products in the world, has struck a deal to procure 100% of La Morella Nuts SA, a private nuts making company in Spain, which is famous for its premium fruit-based dry ingredients in Europe.

DETAILED SEGMENTATION OF GLOBAL NUTS AND NUT MEALS MARKET INCLUDED IN THIS REPORT    

This research report on the global Nuts And Nut Meals Market has been segmented and sub-segmented based on Type, Application, Distribution Channel & region.

By Type

• Almonds

• Peanuts

• Hazelnuts

• Walnuts

• Cashews

• Pistachios

By Application

• Oil

• Salt

• Confectionery 

• Bakery

• Dairy

• Beverages

• Cereals

By Distribution Channel

• Online channels

• Convenience stores

• Supermarkets/hypermarkets

By Region

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa