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

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).

Nuts are oily kernels found within the fruit's shell that are used in a wide variety of food products around the world. Seeds are typically taken from different fruits that do not have an outer layer, such as hazelnuts, chestnuts, and others, and are sourced from the fruit's compound ovary. Hazelnuts, almonds, cashews, walnuts, pecans, peanuts, pine nuts, soy nuts, sunflower nuts, and other nuts are among the ingredients.

Nut ingredients are an important source of nutrients for consumers because they provide both flavour and health benefits. Many manufacturers are introducing new product innovations containing almonds, in addition to cashew nuts, peanuts, hazelnuts, and walnuts. Bakery products, snacks & bars, beverages, cereals, confectioneries, desserts, and dairy products are among the food categories that use nut ingredients.

A growing emphasis on preventive health care and the emergence of healthier products has driven the global market. Cold chain logistics and technological developments have also boosted global nut ingredient trade. To help the market grow, various associations and organisations promote export, research, education, and customer public service announcements.

US Nut Ingredients Market Market is poised to grow at a sustainable CAGR for the next forecast year.