Nuts are type of oily kernels which is present within a shell of the fruit and is used in various food products worldwide. Mostly seeds are taken from various fruits that are not present in the shell of the fruit such as hazelnuts, chestnuts, and others, that has hard shell walls and are originated from compound ovary of the fruit. Nut ingredients are comprised of nuts such as hazelnut, almond, cashew, walnuts, pecans, peanuts,Pine nuts, soy nuts, sunflower nuts, and others. The global nut ingredients market is expected to raise at a CAGR of 5.3%. Nuts ingredients are very useful in product formulations, and hence they are considered a preferred choice for food manufacturers. Nut ingredients provides an important source of nutrients to consumers as they offer both taste and impart health benefits to consumers. Many manufacturers are offering new product innovations with almonds along with all other food introductions with nuts such as cashew nut, peanuts, hazelnuts, and walnuts. The food categories in which nut ingredients are used includes bakery products, snacks & bars, beverages, cereals, confectioneries, desserts, and dairy products.
Global Nut Ingredients: Market Segmentation
The global nut ingredients market is segmented on the basis of type, application, form and region. The nut ingredients market is segmented on the basis of type such as hazelnut, walnut, almond, peanut, pecan, soy nut, and others. The global nut ingredients market is segmented on the basis of form type in which nut ingredients are available in roasted form and unroasted form. Manufacturers are offering various nut-based products in roasted form, which is seen as a growing trend in the global nut ingredients market. The global nut ingredients market is segmented on the basis of application in which nuts are used in various food products such as snacks which includes extruded snacks, crisps, tortillas and others. The other applications include confectioneries, dairy products, bars, cereals, and others. Hence, the global nut ingredients market is expected to significantly increase the revenue contribution over the forecast period.
Global Nut Ingredients Market: Regional Outlook
Geographically, the global nut ingredients industry can be divided by major regions which include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global nut ingredients market followed by Europe and Asia Pacific. India and China are witnessed as emerging markets in the global nut ingredients over the forecast period. Increasing snacking and confectionery industry and demand for convenient and on-go-option snack foods, has strengthened the growth of global nut ingredients market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
Global Nut Ingredients Market: Growth Drivers
The global nut ingredients market driving factors are increasing demand for ready-to-eat snack foods coupled with convenience of foods. Increasing opportunities in snacks and confectionery industry is also another factor in driving the nut ingredients market along with rising number of varieties and flavors in nut ingredients snacks with introduction of variety of nuts such as walnut, almond, peanut, hazelnut, pecan and others. Manufacturers are focusing on providing healthier product offerings. Growing focus on preventive health care and launching of healthier products with variety of nut ingredients is the major driving factor of the global nut ingredients market. Hence, the global nut ingredients market is expected to observe robust growth over the forecast period.
Global Nut Ingredients Market: Key Players
Some of the key players identified across the value chain of the global nut ingredients market include Kanegrade Limited, Archer Daniels Midland Company, Bredabest, Olam International, Terri Lynn, Inc., H.B.S. Foods Ltd., CACHE CREEK FOODS, ROYAL NUT COMPANY, Helios Ingredients, Bergin Friut and Nut Company, Wenders, and The Hershey Company. The companies are expected to expand their business by enhancing their product portfolio in global nut ingredients market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global nut ingredients market till 2025.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.