PUBLISHER: The Business Research Company | PRODUCT CODE: 1661932
PUBLISHER: The Business Research Company | PRODUCT CODE: 1661932
Nut ingredients encompass seeds and dried fruits enclosed in a tough shell. Nuts, essentially single-seeded dry fruits with a husk and sturdy shell, form a significant category in the food industry.
Prominent nut ingredients include cashews, walnuts, almonds, and hazelnuts. Cashews, derived from an evergreen shrub or tree within the Anacardiaceae family, are cultivated for their uniquely curved edible seeds. They come in various forms-roasted, chopped, raw, and powdered-and find application across a spectrum of products like snacks, confectionery, baked goods, dairy items, beverages, and other culinary uses.
The nut ingredients market research report is one of a series of new reports from The Business Research Company that provides nut ingredients market statistics, including nut ingredients industry global market size, regional shares, competitors with a nut ingredients market share, detailed nut ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the nut ingredients industry. This nut ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nut ingredients market size has grown strongly in recent years. It will grow from $24.84 billion in 2024 to $26.33 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to growing health consciousness, expansion of snack food industry, increased nutritional awareness, innovation in food product development, rising disposable income, shift to healthy snacking.
The nut ingredients market size is expected to see strong growth in the next few years. It will grow to $33.74 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing production of nut-based spreads, demand for gluten-free products, integration into health and wellness trends, innovation in nut-infused beverages, growing market for nutritional bars, focus on sustainable and ethical sourcing. Major trends in the forecast period include expansion of nut-enhanced product offerings, focus on clean label and natural ingredients, innovations in nut-based dairy alternatives, inclusion of nuts in confectionery, sustainability and ethical sourcing.
The escalating prevalence of obesity is anticipated to act as a driving force for the nut ingredients market in the foreseeable future. Obesity, characterized by excessive fat accumulation, poses significant health risks. Nut ingredients like hazelnuts, pine nuts, peanuts, and walnuts have shown potential in lowering both good and bad cholesterol, reducing the risk of obesity. March 2022 data from the World Health Organization revealed staggering figures, with 650 million adults, 340 million teenagers, and 39 million children globally being obese, with a projected increase. This trend forecasts that by 2025, 167 million individuals, both adults, and children, will face health repercussions due to overweight or obesity, further fueling the demand for nut ingredients.
The rising demand for convenience food is projected to fuel growth in the nut ingredients market in the future. Convenience food encompasses pre-packaged or processed food items that are quick and easy to prepare, requiring minimal cooking or effort, and are often designed for on-the-go or time-saving consumption. Nut ingredients are valued for their nutritional benefits, ability to enhance flavor and texture, and versatility in various convenience food applications. They align with current trends such as plant-based and clean-label ingredients, meet the demand for healthier snacking options, and enhance the global appeal of convenience foods. For example, a report released in October 2023 by the United States Department of Agriculture, a federal agency, indicated that Japan's fast-food sector is expected to continue its growth trajectory from 2022 to 2023, with projected sales increasing from approximately $26.6 billion in 2022 to around $28.1 billion in 2023, marking a growth rate of about 5.6%. Therefore, the rising demand for convenience food is driving the expansion of the nut ingredients market.
Innovation stands out as a significant trend driving the nut ingredients market, with major industry players emphasizing the introduction of novel products. In January 2023, ProV Foods Private Limited launched ProV Minis, a tailored snack pack for the Indian market. These packs contain flavored dry fruits, nuts, and seeds, catering to on-the-go nutrition needs. The ProV Minis offer a convenient and nutritious breakfast or school lunch option, introducing flavors like Cashew Roasted & Salted, Nut & Seed Mix, Cashew Creamy Cheese, Cashew Cracked Pepper, Almonds Roasted & Salted, and Almonds Piri Piri.
Major players in the nut ingredients market are actively introducing new flavors to maintain their market stance. For instance, in June 2022, Blue Diamond Growers launched four innovative flavors, including Elote Mexican-Style Street Corn Almonds and Korean BBQ Almonds, as part of its snack almonds range. Additionally, their Mash Ups line introduced Cinnamon and Maple Almonds and Dark Chocolate and Chili Pepper Almonds, catering to the sweet and savory flavor preferences. These flavor introductions respond to the increasing consumer demand for diverse and internationally inspired snack options, focusing on sweet and savory blends.
In October 2024, Once Again Nut Butter, a health and wellness product manufacturer based in the U.S., acquired Big Tree Organic Farm for an undisclosed amount. This strategic acquisition is anticipated to improve operational efficiencies and lower environmental impact by reducing the transportation of almonds from California to New York. Big Tree Organic Farm is an organic almond and nut producer located in the U.S.
Major companies operating in the nut ingredients market are Archer-Daniels-Midland Company, Olam International Limited, Barry Callebaut AG, Kanegrade Flavours & Ingredients Pvt. Ltd., The Hershey Company, Bredabest BV, Terri Lynn Inc., Cache Creek Foods, Royal Nut Company, Helios Ingredients Ltd., Bergin Fruit and Nut Company, Western India Cashew Company, Savencia SA, Borges Agricultural and Industrial Nuts SA, John B. Sanfilippo & Son Inc., Blue Diamond Growers, Treehouse Foods Inc., Kanegrade Limited, Olde Tyme Foods Inc., Hampton Farms Inc., Johnvince Foods Company, The Wonderful Company LLC, Mariani Nut Company, SunOpta Inc., Golden Peanut Company LLC, Glanbia Nutritionals Inc., Ingredion Incorporated, Kerry Group PLC, MGP Ingredients Inc., NOW Foods, Prinova Group LLC
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.
The countries covered in the nut ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The nut ingredients market consists of sales of macadamia nuts, pine nuts, pistachios, and butternuts. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Nut Ingredients Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nut ingredients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nut ingredients ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nut ingredients market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.