Tree Nuts Market Size, Share, Growth Analysis, By Product Type(Cashew Nuts, Walnuts, Almonds, Pistachios), By Form(Whole, Split, and Others), By End-User(Individuals, Food Processing Industry, and Food Service Providers), By Application(Direct Consumption/Culinary Purpose, Bakery & Confectionery, Breakfast Cereals, Snacks), By Region - Industry Forecast 2024-2031

Global Tree Nuts Market size was valued at USD 47.79 billion in 2022 and is poised to grow from USD 53.24 billion in 2023 to USD 126.27 billion by 2031, at a CAGR of 11.4% during the forecast period (2024-2031).

Due to increased consumer awareness of the need to maintain a healthy lifestyle, people are including fruits and nuts into their diets, increasing their water intake, and adopting other healthy eating practices. The well-being and health of an individual can be greatly impacted.

As The World Health Organization (WHO) advises adults to include nuts in their diets because of their health benefits, and as a result, consumers are realising the value of this nutritious food, which is causing the global market to expand. To draw in lots of health-conscious customers, businesses in the market are starting to practise organic farming. Global nut cultivation is also expected to rise in the next few years due to the growing use of raw nuts, nutmeals, and blends in snacks like trail mixes. Despite being a healthy snack option, the high calorie and fat content of nuts, which is to blame for the rise in obesity, is one of the main obstacles to the global nuts market expansion. Additionally, it is predicted that the market expansion will be further hampered by the prevalence of nut allergies among a particular population segment.

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