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A Healthy Crunch: Trends and Opportunities in the Nut Ingredients Industry

The Nut Ingredients Market is slated to register a CAGR of 6.1% from 2023 to 2030 to reach $10.2 billion by 2030.

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A Healthy Crunch: Trends and Opportunities in the Nut Ingredients Industry

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  1. 11/6/23, 5:53 PM Nut Ingredients Market Size, Share, Forecast, & Trends Analysis Home  Report Store  Nut Ingredients Market Nut Ingredients Market by Type (Almond, Cashew, Walnut, Hazelnut, Others); Form (Roasted, Raw, Powdered, Cut); Application (Confectionary, Snacks & Bars, Dairy Products, Beverages, Bakery Products) and Geography - Global Forecast to 2030 Report ID:MRFB - 1041006Pages: 200Oct-2023Formats*: PDFCategory: Food and BeveragesDelivery: 24 to 72 Hours Description Table of Content Download Free PDF Sample The Nut Ingredients Market is slated to register a CAGR of 6.1% from 2023 to 2030 to reach $10.2 billion by 2030. Nut ingredients refer to various edible parts of nuts that are used in commercial food and beverage processing. Nuts are nutrient-dense foods that provide essential vitamins, minerals, healthy fats, and protein. They can be consumed whole form, chopped, ground, or processed into nut-based products. Nuts, being the nutrition-packed ingredients, have gained popularity among the population adopting healthy food. Nuts are rich in fiber that helps maintain calories when added to the diet. Depending on their application, nuts can be consumed either raw or in different forms. The growth of the nut ingredients market is mainly attributed to the growing preference for plant-based food products, product innovation and developments, changing food landscape and lifestyle, and growing focus on health and wellness. Furthermore, increased investments and expansion in nut-based products are expected to create market growth opportunities. However, fluctuating raw material prices and the prevalence of nut allergies restrain the growth of this market to some extent. Key Players The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry. Some of the key players operating in the global nut ingredients market are Barry Callebaut Group (Switzerland), Olam International Limited (Singapore), Archer-Daniels-Midland Company (U.S.), Terri Lynn, Inc. (U.S.), Bergin Fruit and Nut Company (U.S.), ROYAL NUT COMPANY (Australia), HBS Foods Ltd. (U.K.), Helios Ingredients Ltd (U.K.), Sran Family Orchards (U.S.), and Harris Woolf Almonds (U.S.). Click here to: Get Free Sample Pages of this Report Growing Preference for Plant-based Food Products Plant-based food products often incorporate nut ingredients to enhance flavor, texture, and nutritional value. Nuts are a versatile and nutritious addition to plant-based diets, providing healthy fats, protein, vitamins, minerals, and a pleasing crunch. Due to health concerns, ethics, and sustainability, diets across the globe are changing. The rapid change in urbanization, lifestyle, industrialization, economic development, health & wellness trends among consumers, and rising awareness about health concerns with the long-term use of animal proteins has created immense growth opportunities for manufacturers of plant-based protein products. This traction in the plant-based protein products market is also supported by food security challenges in terms of growing demand from livestock animals and the human population to ensure the longer sustainability of the animal protein model. https://www.meticulousresearch.com/product/nut-ingredients-market-5689 1/5

  2. 11/6/23, 5:53 PM Nut Ingredients Market Size, Share, Forecast, & Trends Analysis Planned vegetarian and vegan diets are nutritionally adequate for pregnant women, children, and athletes. These plant-based diets reduce the risks of health conditions such as heart disease, Type 2 diabetes, hypertension, certain types of cancer, and obesity. Plant- based products are high in fiber and provide all the nutrients when planned well. Vegetarians and vegans use plant-based protein sources, such as beans, legumes, nuts, seeds, soy foods, and protein powders. Another segment is the lactose-intolerant consumers, who demand dairy alternatives due to their impaired ability to digest lactose, a sugar found in milk and other dairy products. (Source: National Institutes of Health). Lactose tolerance is exceptionally widespread in Northern European countries like Sweden and Finland. In addition, Turkey, Italy, Germany, and Spain are also recorded to have some of the highest numbers of lactose-intolerant consumers, further leading to growing demand for almond milk, nut-based spreads, and butter. Therefore, the target market for plant-based food and beverage is not limited to vegans but includes a vast majority of consumers, including flexitarians, lactose-intolerant consumers, and even consumers looking for clean-label food and beverage options. With food security challenges, the vegan food trend is gaining traction and will continue to evoke interest in the upcoming years. Food demand, therefore, should increase proportionally or even more because, at the same time, food behaviors are changing. In addition, F&B manufacturers from various countries are leveraging plants, creating new categories, and disrupting old ones. At various stages, most countries are already committed to the initial nutritional transition. Thus, the growing demand for plant-based food products is further expected to drive the demand for nut ingredients. Key Findings in the Nut Ingredients Market Study: In 2023, the Almond Segment to Dominate the Nut Ingredients Market Based on type, the global nut ingredients market is segmented into almond, cashew, hazelnut, walnut, and other types. In 2023, the almond segment is expected to dominate the global nut ingredients market. The large market share of this segment is attributed to the rising almond consumption owing to their functional properties, including rich antioxidants, fiber, minerals, and vitamins, increasing demand for almonds in different food applications, increase in the vegan population leading to demand for almond milk, and low price of almonds compared to other nuts. Also, the rising trend for assorted almonds is further expected to drive the growth of the almond segment. Raw Segment is Expected to Account for the Largest Share of the Nut Ingredients Market in 2023 Based on form, the global nut ingredients market is segmented into raw, roasted, powdered, cut, and other forms. In 2023, the raw segment is expected to account for the largest share of the global nut ingredients market. The large share of this segment is mainly attributed to factors such as high shelf life compared to other forms, better absorption of nutrients, no contact with harmful chemical substances, and low cost. The Snacks & Bars Segment is Expected to Register the Highest CAGR During the Forecast Period Based on application, the global nut ingredients market is segmented into confectionery products, bakery products, snacks & bars, dairy products, beverages, and other products. The snacks & bars segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to factors such as increasing demand for nutrition-packed convenience food, growing consumer demand for natural and healthy products, and increased new product launches with nuts as prominent ingredients in snacks & bars. North America: The Dominating Regional Market The nut ingredients market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the nut ingredients market. The large market share of this region is attributed to the well-established food & beverage industry; high awareness of the health benefits of nut ingredients; the growing popularity of protein bars, shakes, and cookies among millennials; the growing vegan population; and advancements in products enriched with nuts. However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is mainly attributed to factors such as changing lifestyles, the emerging trend of healthy food & food ingredients, increasing health consciousness, increasing raw material availability, and the expansion in the region by key players. Scope of the Report: Nut Ingredients Market Assessment, by Type Almond Cashew Hazelnut Walnut Other Types Nut Ingredients Market Assessment, by Form https://www.meticulousresearch.com/product/nut-ingredients-market-5689 2/5

  3. 11/6/23, 5:53 PM Nut Ingredients Market Size, Share, Forecast, & Trends Analysis Raw Roasted Powdered Cut Other Forms Nut Ingredients Market Assessment, by Application Confectionary Products Bakery Products Snacks & Bars Dairy Products Beverages Other Products Nut Ingredients Market Assessment, by Geography North America U.S Canada Europe Germany France U.K. Italy Spain Switzerland Rest of Europe (RoE) Asia-Pacific China Japan India Australia Rest of Asia-Pacific (RoAPAC) Latin America Middle East & Africa Key Questions Answered in the Report:  What is the current revenue value generated by the nut ingredients market? At what rate is the global demand for nut ingredients projected to grow in the next 5–7 years?  Which type segment is expected to account for the largest share of the nut ingredients market?  Which application segment showcases high growth opportunities for the players operating in the nut ingredients market?  What are the major drivers for this market?  What are the major restraints for the global nut ingredients market?  Who are the major players operating in the nut ingredients market?  Which are the high-growth countries/regions in the market?  Enquire  Check Discount COVID-19 https://www.meticulousresearch.com/product/nut-ingredients-market-5689 3/5

  4. 11/6/23, 5:53 PM Nut Ingredients Market Size, Share, Forecast, & Trends Analysis This report provides pre & post COVID-19 market estimates. Download sample here Related Tag:Nut Ingredients MarketNuts IngredientsAlmondHazelnut NutCrunchy Nut Ingredients Food & Agriculture Technologies Food and Beverages Select PDF License Single User   10% Discount $ 3757.50   $ 4175.00  Multiple Users   15% Discount $ 4993.75   $ 5875.00 (Recommended) Corporate User   20% Discount $ 6300.00   $ 7875.00   Buy Now Request Sample Speak to Analyst  Request Customization      Related Reports Specialty Food Ingredients Market - Global Opportunity Analysis And Industry Forecast (2023-2030)     Published Date: Oct-2023 Functional Ingredients Market - Global Opportunity Analysis and Industry Forecast (2023-2030)     Published Date: Sep-2023 Clean Label Ingredients Market - Global Opportunity Analysis and Industry Forecast (2023-2030)     Published Date: Aug-2023 Nutraceutical Ingredients Market - Global Opportunity Analysis and Industry Forecast (2023-2030)     Published Date: Jun-2023 Baking Ingredients Market - Global Opportunity Analysis and Industry Forecast (2023-2030)     Published Date: Jan-2023 https://www.meticulousresearch.com/product/nut-ingredients-market-5689 4/5

  5. 11/6/23, 5:53 PM Nut Ingredients Market Size, Share, Forecast, & Trends Analysis https://www.meticulousresearch.com/product/nut-ingredients-market-5689 5/5

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