What is the global market size of Nut Ingredients Market?

Nut Ingredients Market size was valued at USD 20.96 billion in 2021 and is poised to grow from USD 22.18 billion in 2022 to USD 23.44 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).

Nut Ingredients Market Size, Share, Growth Analysis, By Type(Cashews, Walnuts, Almonds, Hazelnuts), By Form(Roasted, Chopped, Raw, Powdered), By Application(Bakery & Confectionery, Snacks & Bars, Desserts, Cereals), By Region - Industry Forecast 2024-2031

Q: What is the key driver of Global Nut Ingredients Market?

The global nut ingredients market is being driven by rising demand for ready-to-eat snack foods as well as food convenience. Increasing opportunities in the snack and confectionery industries, as well as the introduction of new nuts such as walnut, almond, peanut, hazelnut, pecan, and others, are driving the market.

Q: Which region accounted for the largest share in Global Nut Ingredients Market?

North America held the largest global nut ingredients market share, followed by Europe and Asia Pacific. Over the forecast period, India and China are expected to be emerging markets in the global market. The growing snacking and confectionery industries, as well as the demand for convenient and on-the-go snack foods, have fuelled the growth of the global nut ingredients market, which is expected to significantly increase the market's revenue contribution over the forecast period.

Report ID: SQSG30I2013 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 98 | Figures: 76

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Nut Ingredients Market size was valued at USD 20.96 billion in 2019 and is poised to grow from USD 22.18 billion in 2023 to USD 23.44 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

The nuts ingredients market is growing. As a result, there are numerous opportunities for major players in the nut ingredients market. By incorporating nut ingredients in a variety of recipes, manufacturers are focusing on providing healthier as well as tastier products. The demand for nut ingredients from the snack industry is rising, which has encouraged the nut ingredient producers to expand their product line. Companies are introducing roasted versions of various nut-based products, that is expected to be a key growing trend in the market. 'Olam International', 'Mount Franklin Foods', 'Bazzini', 'Archer Daniels Midland Company', 'Blue Diamond Growers', 'Kerry Group plc', 'Barry Callebaut AG', 'Kanegrade Limited', 'Sensient Technologies Corporation', 'Royal Nut Company', 'Borges Agricultural & Industrial Nuts', 'Treehouse Foods Inc.', 'The Hershey Company', 'John B. Sanfilippo & Son, Inc.', 'The Wonderful Company LLC', 'Golden Peanut and Tree Nuts', 'Tate & Lyle plc', 'Carmit Candy Industries Ltd.', 'KNC Holdings Inc.', 'Pacific Farms Inc.'

The nut ingredients market is being driven by rising demand for ready-to-eat snack foods as well as food convenience. Increasing opportunities in the snack and confectionery industries, as well as the introduction of new nuts such as walnut, almond, peanut, hazelnut, pecan, and others, are driving the market.

Growing Popularity for Snacks on the Go: The rising demand for healthy snack options like snack bars is something that is trending in the nuts as ingredients market. To give consumers healthier snack bar options, a number of cereal and granola snack bar manufacturers have started using nut-based ingredients.

North America held the largest nut ingredients market share, followed by Europe and Asia Pacific. Over the forecast period, India and China are expected to be emerging markets in the market. The growing snacking and confectionery industries, as well as the demand for convenient and on-the-go snack foods, have fuelled the growth of the nut ingredients market, which is expected to significantly increase the market's revenue contribution over the forecast period.

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Nut Ingredients Market Size, Share, Growth Analysis, By Type(Cashews, Walnuts, Almonds, Hazelnuts), By Form(Roasted, Chopped, Raw, Powdered), By Application(Bakery & Confectionery, Snacks & Bars, Desserts, Cereals), By Region - Industry Forecast 2024-2031

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