Rising awareness regarding the vast health benefits of nuts and seeds, rising affordability owing to increasing disposable incomes, and shifting consumption preferences of the global consumers are collectively driving the global market for nuts and seeds. The market for seeds is also gaining significant traction owing to the vast advancements in the field of genetically modified crops and biotechnology. With the mounting rise in global population and the resultant rise in demand for increased agricultural produce, the demand for genetically modified seeds is expected to significantly rise in the next few years. Increased preference to nutritious food products and snacks on a global front will increase the appeal of a variety of nuts.
Transparency Market Research states that the global nuts market, which had a valuation of US$1,157.72 bn in 2015, is expected to rise to US$1,279.44 bn by 2021. In terms of volume, the global nuts market is expected to rise to 41.34 mn tons by 2021. The global seeds market, which held a revenue-wise opportunity of US$64.5 bn in 2015, is expected to rise to US$114.26 bn by 2021.
Concerns Regarding Negative Health Effects of Excessive Consumption of Cashew Nuts to Drive Consumers to Healthier Nuts
In terms of nuts, the cashew nut segment presently dominates the global market. Though the segment is expected to retain its dominance over the forecasting horizon as well, continuing to be the largest contributor to market’s overall revenues, its overall share in the global market is expected to see a slight decline. The negative health effects that may arise from the excess consumption of cashew nuts is expected to shift consumer preference to other healthier nuts in the next few years. The segment of macadamia nuts is expected to stand as the one with the most promising returns over the period between 2015 and 2021.
In terms of seeds, the corn/maize segment dominates the global market and is expected to retain its dominance over the forecasting horizon as well. Concerns regarding the high sugar content of corn syrup, will however, lead to a slight decline in the overall share of the corn/maize segment in the global market. The segment is expected to lose its appeal to product segments such as soybean and sunflower seeds over the forecasting horizon. The segment of sunflower seeds is expected to witness expansion at a strong CAGR over the period between 2015 and 2021.
Asia Pacific to Remain Key Region for Nuts Market; North America to Lead in Seeds Segment
Geography-wise, Asia Pacific presently dominates the global nuts market. The region had a revenue-valuation of US$1,082.26 bn in 2015, accounting for nearly 90% share in the global nuts market. The region is expected to remain the dominant region for the nuts market over the forecasting horizon as well. The vast rise in disposable incomes has increased the affordability of a variety of nuts in the region. Additionally, the consumption of nutritious food products across the dairy segment, energy bars, and confectionaries has also led to the increased demand for nuts in the region.
North America is presently the dominant regional market for seeds. The region had a revenue-wise valuation of US$22.76 bn in 2015 and is expected to rise to US$40.16 bn by 2021. The region is expected to remain the dominant segment over the next few years as well. The high consumption of corn/maize as well as the rising consumption of seeds owing to increased health awareness in the region are the key factors behind its dominant stance in the global seeds market.
The competitive landscape of the global nuts and seeds market is highly fragmented with a vast number of local players commanding prominent positions in regional pockets. Some of the key vendors in the market are Bayer Crop Science A.G., Blue Diamond Growers Inc., Diamond Foods Incorporated, Richardson International, Syngenta A.G., McCormick and Company Inc., and Cargill Incorporated.
Nuts and seeds contain important nutrients such as fiber, folate and essential minerals and protein which make them rich in nutritional value. Nuts can be defined as hard shelled fruits that are dry in nature possessing edible kernel. Seeds are embryonic plants that are enclosed in a seed coat. Ripe seeds are derived from legumes, cereals and nuts. They are utilized in several types of applications. Nuts are consumed in raw form or used as an ingredient in snack foods. In addition, they are also used for cooking. Moreover, nuts are also used in the cosmetics industry. Many cooking oils are extracted from the seeds. They also form an imperative component of several spices and condiments. In addition, seeds are also used as food additives.
Factors such as shift in the consumption pattern of the consumers towards nuts and seeds owing to health and wellness are the major factor fuelling the demand for nuts and seeds globally. Moderate consumption of nuts and seeds has several positive impacts on human health such as lowering blood cholesterol, reducing incidences of coronary heart diseases, prevention of diabetes and prevention of gallstones in both male and female. In addition, moderate consumption of nuts and seeds has a positive influence on metabolic syndrome, blood pressure and visceral adiposity. In addition, the developing size of genetically modified crops is also propelling the demand for nuts and seeds globally. The DNA of the crops are altered with the help of genetic engineering techniques to make them resistant to spoilage, changing environmental conditions, pests and several other undesirable factors.
Excessive consumption of nuts and seeds have severe adverse effects on human health such as unnecessary weight gain which could lead to respiratory problems, high blood pressure and several other health issues. Excessive consumption of seeds such as flax seeds has notable adverse effects on human health such as abdominal discomfort, diarrhea and several bowel diseases. This is a major factor impeding the nuts and seeds market globally. Moreover, high cost of raw materials that are required to process and nuts and seeds is another factor that is posing as a restrain to the global nuts and seeds market.
Increasing consumption of nuts and seeds in the developing regions such as India, China and Brazil is expected to be a suitable growth opportunity for the global nuts and seeds market. In addition, the demand for beverages and processed foods containing certain amounts of nuts and seeds in them is increasing owing to the increasing busy lifestyle of the consumers in the developing regions. Moreover, rising disposable income of the consumers in the developing regions is another factor fuelling the demand for the nuts and seeds market. .Due to this reason, the manufacturers operating in the nuts and seeds market are looking forward to penetrate the emerging markets in order to increase their sales and cater to the consumers in those regions.
Blue Diamond Growers Inc, Diamond Foods Inc, Archer Daniels Midland Company, Cargill Incorporated, McCormick and Company Inc., Syngenta A.G., Richardson International, Monsanto Co. are some of the major players operating in the global nuts and seeds market.
The report has been segmented by raw material type, and country and it includes drivers, restraints and opportunities (DRO’s), Supply Chain analysis of the Nuts and Seeds Market. The study highlights current market trends and provides forecasts from 2015 to 2021. We have featured the current market scenario for the Global Nuts and Seeds Market and identified future trends that will impact demand for nuts and seeds during the forecast period.
The global nuts and seeds market has been segmented into following types based on their product types including peanut, cashew nut, almond, walnut, macadamia nuts and others. The seeds market includes sunflower seeds, chia seeds, sesame seeds, corn/maize, soybean and others.
The report also analyzes factors driving and inhibiting growth of the Nuts and Seeds Market. The report will help manufacturers, suppliers, and distributors to understand the present and future trends in this market and formulate strategies accordingly.
The report segments the Nuts and Seeds Market as:
Global Nuts and Seeds Market by Product Type
- Cashew Nut
- Macadamia nut
- Sunflower seeds
- Chia seeds
- Sesame seeds
Global Nuts and Seeds Market by Geography
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East
- Latin America