Nuts And Seeds Market

Global Nuts and Seeds Market Size (2024 to 2032)

The size of the global nuts and seeds market was valued at USD 1384.47 billion in 2023. The global market is expected to witness a CAGR of 5.1% from 2024 to 2032 and be worth USD 2166.13 billion by 2032 from USD 1455 billion in 2024.

Nuts and seeds are used in a wide variety of applications. Walnuts are eaten raw or used as an ingredient in snacks. In addition, they are also used in the kitchen. Furthermore, walnuts are also used in the production of cosmetics. Many cooking oils are extracted from the seeds. They are also an imperative component of many seasonings and spices. In addition, the seeds are also used as additives in food. The moderate consumption of nuts and seeds has many positive impacts on human health, such as reducing the incidence of coronary heart disease, lowering blood cholesterol, preventing diabetes, and preventing gallstones in women and men. Moreover, the regular intake of nuts can protect from ailments like high blood pressure, metabolic syndrome, and visceral adiposity.

MARKET DRIVERS

The rising consumer awareness of the nutritional and health benefits associated with various types of nuts and seeds is majorly propelling the growth of the global market.

Packaging ensures good quality and product processing and increases the shelf life of products.  In addition, it is responsible for offering customers fresh, clean, and high-quality products. Growing health awareness has benefited the expansion of the global market for nuts and seeds during the forecast period. Awareness of the health benefits of nuts and seeds is driving the global market for nuts and seeds. The younger generation's inclination towards natural and organic products is expected to create huge opportunities for the nut and seed market around the world during the outlook period. In addition, increased consumer spending on beauty and personal care products is expected to drive the market for nuts and seeds worldwide. Other factors, such as improved living standards, growing demand for luxury and exotic perfumes, high income, and rising trends in personal care, are expected to drive market growth over the estimated period.

Furthermore, factors such as increasing demand for plant-based protein sources, the rapid expansion of the snacking industry, the growing popularity of vegan and vegetarian diets, and the rising adoption of gluten-free and paleo diets are contributing to the expansion of the nuts and seeds market worldwide. An increase in the demand for convenient and nutritious on-the-go snacks, growing disposable income in emerging markets, rising emphasis on natural and minimally processed foods, expansion of the sports nutrition market and growing use of nuts and seeds in bakery and confectionery products are promoting the growth of the global market.

MARKET RESTRAINTS

Price volatility due to weather conditions is a significant restraint to the growth of the global nuts and seeds market. In addition, factors such as allergen concerns, labeling regulations, competition from other snack options, limited shelf life and storage requirements and challenges in transportation and logistics are impeding the growth of the global nuts and seeds market.

REPORT COVERAGE

REGIONAL ANALYSIS

North America had the largest market share of packaged nuts and seeds with 56.8% in terms of revenue. The region has become a large consumer of nuts and seeds due to the presence of several bakery and confectionery manufacturing units in the United States. North America has seen the largest number of product launches in recent years. For example, in December 2015, the Almond Board of California (ABC) launched an initiative called Accelerated Innovation Management (AIM). This was an innovative strategic initiative designed to increase the efficiency and sustainability of the almond industry. These initiatives will drive product growth during the forecast period.

The Asia-Pacific is expected to be a very lucrative regional market, expanding at a compound annual rate of 6.8% over the forecast period. The growth is mainly attributed to the growing awareness of organic products, as well as the evolution of preference for consumers for foods with high nutritional value in emerging economies, including China and India.

KEY PLAYERS IN THE GLOBAL NUTS AND SEEDS MARKET

Companies playing a promising role in the global nuts and seeds market include Olam International, Bayer AG, McCormick & Company, Inc., Select Harvests Limited, DuPont (Pioneer Hi-Bred), ITC Limited, Advanta Seeds Pty Ltd, Blue Diamond Growers, Syngenta and SunOpta.

RECENT HAPPENINGS IN THE GLOBAL MARKET

• PepsiCo made a deal to purchase Spitz International Inc., a leading sunflower and pumpkin seeds manufacturer based in Canada. The acquisition will support Frito-Lay's plan to expand into the nut and seed category, and Spitz complements Frito-Lay's portfolio of healthier snack options.

DETAILED SEGMENTATION OF THE GLOBAL NUTS AND SEEDS MARKET INCLUDED IN THIS REPORT

This research report on the global nuts and seeds market has been segmented and sub-segmented based on nuts, seeds and region.

By Nuts

• Cashew Nut
• Peanut
• Almond
• Walnut
• Macadamia Nut
• Other Nuts

By Seeds

• Sunflower Seeds
• Sesame Seeds
• Chia Seeds
• Corn
• Soybean
• Other Seeds

By Region

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