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LONDON, GREATER LONDON, UNITED KINGDOM, October 4, 2024 /EINPresswire.com/ -- The nut products market has experienced robust growth in recent years, expanding from $3.96 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to health and nutrition trends, diverse culinary uses, health awareness and marketing, shift in dietary preferences, research on health benefits.
What Is The Estimated Market Size Of The Global Nut Products Market And Its Annual Growth Rate?
The nut products market is projected to continue its strong growth, reaching $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to culinary versatility and cultural influence, functional food and ingredient demand, sustainability and ethical consumption, innovative nut-based products, globalization of nut varietie.
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Growth Driver Of The Nut Products Market
The increasing demand for ready-to-eat (RTE) foods is expected to propel the growth of the nut products market going forward. Ready-to-eat food is a meal that has been prepared and packaged before serving and requires no additional preparation or cooking. Nut products are used in ready-to-eat foods to offer a nutrient-rich profile, weight management, boosting antioxidants, control blood sugar, and contribute to a feeling of fullness, making them a satisfying and satiating snack option.
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Who Are the Leading Competitors in the Nut Products Market Share?
Key players in the market include Olam International Limited, Barry Callebaut AG, Blue Diamond Growers, Kerry Group plc, Zentis GmbH & Co. KG, Mount Franklin Foods LLC, Mandelin Inc., Besana Group S.p.A., Lubeca GmbH, Puratos Group NV, Almendras Llopis S.A.U., Kanegrade Limited, Moll Marzipan GmbH, Kondima Engelhardt GmbH & Co. KG, Treehouse Almonds, Royal Nut Company, CSM Bakery Solutions LLC, Waterford Nut Company, Tierra Farm Inc., Hormel Foods Corporation, Honeyville Inc., Braden Farms Inc., Sun Organic Farms, HBS Natural Choice LLC, South Valley Farms, Ludlow Nut Co Ltd., Kar Nut Products Co., Lotte Corporation, Dori Alimentos S.A., Georgia Nut Company.
Which Key Trends Are Driving Nut Products Market Growth?
Major companies operating in the nut products market are focusing on innovative products such as little snack packs to drive revenues in their market. Little snack packs are small, pre-portioned snack packages that are easy to carry and eat on the go.
How Is The Global Nut Products Market Segmented?
1) By Product Type: Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, Nut Flour
2) By Nut Type: Almonds, Hazelnuts, Walnuts, Cashews, Peanuts, Pistachios
3) By Form: Roasted Form, Unroasted Form
4) By Category: Organic, Conventional
5) By Application: Industrial Food Manufacturers, Chocolate Confectionery Products, Bakery Products, Ice Cream and Frozen Desserts, Cereals and Snack Bars, Beverages, Savoury Products, Foodservice & Bakeries, Bakery Shops
Geographical Insights: Europe Leading The Nut Products Market
Europe was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Nut Products Market Definition
Nut products refer to nuts made up of seeds and dried fruit enclosed in a tough shell that provides many nutrients and antioxidants. These are used as typical snacks that are ideal for travel.
Nut Products Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global nut products market report covering trends, opportunities, strategies, and more
The Nut Products Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on nut products market size, nut products market drivers and trends, nut products market major players and nut products market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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