Discover trends, market shifts, and competitive outlooks for the nut ingredients industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has The Nut Ingredients Market Growth Evolved From 2024 To 2025, And What’s Ahead?

The market size for nut ingredients has shown significant growth in recent years. The projection is that it will increase from $24.84 billion in 2024 to $26.33 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Factors contributing to the growth in the past include a heightened awareness of health, the growth of the snack food industry, an increase in nutritional awareness, inventive food product development, a rise in disposable income, and a shift towards healthier snacking options.

It is projected that the nut ingredients market will witness considerable growth in the ensuing years, proliferating to $33.74 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. Factors contributing to growth during this forecast period include an increase in the production of spreads made from nuts, a surge in demand for gluten-free items, alignment with health and wellness trends, innovative developments in beverages incorporating nuts, an expanding market for nutritional bars, and a commitment to sustainable and ethical sourcing. The period is also expected to see new major trends such as the introduction of more products supplemented with nuts, emphasis on clean labeling and the use of natural ingredients, ingenuity in the field of dairy alternatives that use nuts, the inclusion of nuts in sweet confectionery products, and an insistence on sustainability and ethical sourcing.

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Which Primay Drivers Are Accelerating Growth in the Nut Ingredients Market?

The escalating rates of obesity are anticipated to fuel the growth of the nut ingredients market. Defined as a worrisome accumulation of fat that is either abnormal or excessive, obesity’s rising prevalence amplifies the demand for nut ingredients like hazelnuts, pine nuts, peanuts, and walnuts. These ingredients are renowned for their ability to reduce the risk of obesity by lowering cholesterol levels, both good and bad. Reinforcing this, data released by the World Health Organization (WHO) in March 2022 states that obesity affects 650 million adults, 340 million teenagers, and 39 million children globally, a number that continues to rise. By the year 2025, forecasts predict that around 167 million adults and children will face deteriorating health as a result of overweight or obesity issues. Consequently, the increasing rates of obesity are steering the growth of the nut ingredients market.

Which Primary Segments of the Nut Ingredients Market Are Driving Growth and Industry Transformations?

The nut ingredients market covered in this report is segmented –

1) By Type: Cashews, Walnuts, Almonds, Hazelnuts

2) By Form: Roasted, Chopped, Raw, Powdered

3) By Application: Snacks And Bars, Confectionary, Baked Products, Dairy Products, Beverages, Other Applications

Subsegments:

1) By Cashews: Raw Cashews, Roasted Cashews, Cashew Butter

2) By Walnuts: Chopped Walnuts, Ground Walnuts, Walnut Oil

3) By Almonds: Whole Almonds, Sliced Almonds, Almond Flour, Almond Butter

4) By Hazelnuts: Whole Hazelnuts, Chopped Hazelnuts, Hazelnut Oil

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Which Regions Are Key Players in the Growth of the Nut Ingredients Market?

North America was the largest region in the nut ingredients market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nut ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Technological Trends Are Reshaping the Nut Ingredients Industry Dynamics?

The emergence of product innovations is becoming a significant trend in the nut ingredients market. The primary strategy for major players in this market is to launch creative product lines based on nut ingredients, helping them maintain their market dominance. For instance, in January 2023, ProV Foods Private Limited, a food products firm based in India, introduced their product – ProV Minis – designed specifically for the Indian consumers. ProV Minis are handy snack packs filled with flavored dry fruits, nuts, and seeds, making them an excellent choice for healthy nutrition on the move. They provide a nutritious and convenient replacement for breakfast or school lunch. The launch started with flavors like Roasted & Salted Cashew, Nut & Seed Mix, Creamy Cheese Cashew, Cracked Pepper Cashew, Roasted & Salted Almonds, and Piri Piri Almonds.

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What Parameters Are Used to Define the Nut Ingredients Market?

Nut ingredients refer to ingredients made of seeds and dried fruits that are enclosed in a tough shell. Nuts are basically a type of dry fruit with a single seed, a tough shell, and a covering called a husk.

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