Nut Products Market

Global Nut Products Market: Overview

The professional survey report evaluates the constantly changing landscape of the global nut products market. It examines key trends and new developments that can positively influence the growth trajectory of the global nut products market during the forecast period of 2021 to 2031. It also covers key segments in the industry and provides a detailed segmental analysis of the global nut products market. The research report sheds light on various interconnected factors that can propel substantial growth in the global nut products market over the forecast period i.e., 2021 to 2031. It examines key drivers as well as motivators that can provide players and stakeholders in the market with opportunities for growth and expansion in the global nut products market.

Increasing awareness regarding health benefits offered by consumption of nuts is resulting in their adoption in various applications in the food and beverage sector. Players in the global nut products market offer various types of products, such as nut pastes or marzipan paste or persipan paste, nut fillings without cocoa, nut flour, nut butter, nut fillings with cocoa, and caramelized nuts. Some of the major types of nuts offered by players are hazelnuts, cashews, pistachios, pecans, Brazil nuts, almonds, walnuts, peanuts, macadamia nuts, and pine nuts. Major applications for the products in the global nut products market include chocolate confectionery products, ice cream and frozen desserts, beverages, foodservice and bakeries, industrial food manufacturers, cereals and snack bars, and savory products.

Global Nut Products Market: Major Trends and Drivers

Key drivers for the growth within the global nut products market include rising popularity of nuts as snacks, increasing awareness about consuming natural and healthy food, and increasing inclusion of healthy ingredients in processed food products. Increasing health consciousness that leads to changes in dietary patterns of consumers is propelling the demand within the global nut products market. However, changing availability, as well as shifting costs of raw ingredients, I.e., nuts, is hampering the expansion of the market. Furthermore, complications in supply chains as well as increasing concerns pertaining to the quality of nuts may also create significant challenges for the development of the global nut products market in coming years. On the other hand, increasing applications of nut and nut oils in food as well as non-food applications, such as personal care, cosmetics, and pharmaceuticals, is expected to propel the market growth.

Global Nut Products Market: Key Players and Manufacturers

Some of the leading companies operating in the landscape of the global nut products market include Barr Callebaut, Kerry Group, Mount Franklin Foods, Besana, Lubeca, Georg Lemke GmbH & Co. KG, Stelliferi & Itavex S.p.A., Kondima, Moll Marzipan GmbH, Treehouse Almonds, Olam International, Blue Diamond Growers, Zentis GmbH & Co. KG., Mandelin, Inc., Bazzini, Puratos, Almendras Llopis S.A.U., Kanegrade, Royal Nut Company, and CSM. Players in the global nut products market are focusing on adopting various corporate growth and expansion strategies, including new product launches, expansion of production capacities, and acquisitions.

For instance, Mount Franklin announced that they are going to expand their manufacturing facility in March of 2022, in order to meet the rising demand for their core products. Furthermore, several new flavors, including dark chocolate and chili pepper almonds, Mexican style street corn almonds, cinnamon and maple almonds, and Korean BBQ almonds were launched by Blue Diamond Growers in June of 2022. Moreover, a fruit filling and jam manufacturer based in Denmark, Konfekture, was acquired by Puratos in May of 2022, with an aim of developing new nut-based fillings and jams.

Global Nut Products Market: Regional Assessment

Europe held a large share of the global nut products market in recent past. Increasing consumer demand for indulgent yet healthy snack products as well as growing demand for low sugar and natural ingredient-based food products is boosting the growth of the Europe nut products market.