The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Nut Ingredients Global Market Report 2024 offers crucial insights into the nut ingredients market help businesses analyse and build stronger strategies.

The nut ingredients market has witnessed robust growth in recent years, driven by various factors such as increasing health consciousness, expansion of the snack food industry, and rising disposable income. The market is poised to expand further, with significant growth projected both in the short and long term.

Current Market Scenario

• The nut ingredients market size reached $23.43 billion in 2023.
• It is expected to grow to $24.84 billion in 2024, at a CAGR of 6.0%.
• Factors contributing to historic growth include heightened nutritional awareness and innovation in food product development.

Future Growth Prospects

• The market is forecasted to reach $31.67 billion by 2028, with a CAGR of 6.3%.
• Growth drivers include the increasing production of nut-based spreads, demand for gluten-free products, and integration into health and wellness trends.

Major Trends Shaping the Market

• Expansion of nut-enhanced product offerings
• Focus on clean label and natural ingredients
• Innovations in nut-based dairy alternatives
• Inclusion of nuts in confectionery
• Emphasis on sustainability and ethical sourcing

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Rising Obesity Prevalence Fuels Growth In The Nut Ingredients Market

• Obesity is a significant driver for the nut ingredients market.
• Nuts such as hazelnuts, pine nuts, peanuts, and walnuts help reduce the risk of obesity by regulating cholesterol levels.
• The prevalence of obesity is on the rise globally, further boosting the demand for nut ingredients.

Product Innovations Transforming The Nut Ingredients Market

• Companies are focusing on introducing innovative products based on nut ingredients.
• Example: ProV Foods launched ProV Minis, offering convenient and nutritious snack packs tailored for the Indian market.
• Strategic acquisitions, such as Hormel Foods’ acquisition of Kraft Heinz’s nuts business, are reshaping the market landscape.

Market Segmentation

The nut ingredients market is segmented based on:

1. Type: Cashews, Walnuts, Almonds, Hazelnuts
2. Form: Roasted, Chopped, Raw, Powdered
3. Application: Snacks And Bars, Confectionary, Baked Products, Dairy Products, Beverages, Other Applications

Regional Outlook

• North America dominated the nut ingredients market in 2023.
• Asia-Pacific is expected to emerge as the fastest-growing region in the forecast period.

Conclusion

The nut ingredients market is witnessing substantial growth driven by shifting consumer preferences towards healthier food choices. With rising obesity rates and increased emphasis on health and wellness, the demand for nut ingredients is expected to soar in the coming years. Companies are innovating to cater to evolving consumer needs, and strategic acquisitions are reshaping the competitive landscape. As the market continues to expand, focusing on sustainability and ethical sourcing will be crucial for long-term success.

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The Nut Ingredients Global Market Report 2024  provides a comprehensive outlook of the nut ingredients market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nut ingredients market forecast offers a thorough analysis on nut ingredients market size, nut ingredients market share, prominent players and their strategies.

The Table Of Content For The Nut Ingredients Market Include:
1. Nut Ingredients Market Executive Summary
2. Nut Ingredients Market Segments
3. Nut Ingredients Market Size And Nut Ingredients Market Growth Rate
4. Key Nut Ingredients Market Trends
5. Major Nut Ingredients Market Drivers
……
25. Key Mergers And Acquisitions In The Nut Ingredients Market
26. Top Nut Ingredients Companies
27. Nut Ingredients Market Opportunities And Strategies
28. Nut Ingredients Market, Conclusions And Recommendations
29. Appendix

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