Global Nuts and Seeds Market: Snapshot
In the past few years, the shift of the average consumer towards increased consumption of nuts and seeds owing to the increased awareness regarding their proven health benefits and increased affordability across emerging economies due to rising disposable incomes have proved to be key factors fueling the global nuts and seeds market. The notable advancement of the genetically modified crops industry is another key factor driving the increased uptake of genetically modified seeds, thus driving the global nuts and seeds market. The mounting rise in the global population and consecutive rise in demand for food products are likely to continue to bode well for the market in the near future.
However, the fact that excessive consumption of a variety of nuts and seeds may induce adverse effects on health, including conditions such as bowel disorders, unhealthy weight gain, and severe diarrhea, could retraining market growth to a certain degree over the forecast period. According to the report, the global market for nuts, which valued at US$1157.72 bn in 2015, will expand at a moderate 1.7% CAGR over the forecast period and rise to US$1,279.44 bn by 2021. The global market for seeds, on the other hand is projected to observe expansion at a healthier rate of 10.0% CAGR over the same period, allowing the market to rise to a revenue opportunity of US$114.26 bn by 2021.
Consumer to Shift to Healthier Nuts Amid Concerns Linked to Excess Intake of Cashew Nuts
The report segments the global nuts market into peanuts, cashew nuts, almonds, macadamia, and walnut. Of these, the segment of cashew nuts accounts for the dominant share of the market and is likely to retain its dominance over the forecast period as well, continuing to contribute a significant share of the overall revenue to the global market by the end of the forecast period, albeit suffering a slight decline in its overall share in the market. This is expected to result from concerns pertaining to the health hazards resulting from the excess intake of the nut and the increased preference of health-conscious consumers to other healthy nuts. Macadamia nuts are likely to see more uptake in the scenario and garner pace.
The market for seeds is segmented into chia seeds, sunflower seeds, sesame seeds, soybean, and corn/maize. Of these, the segment of corn/maize seeds holds the dominant share in the overall market and is likely to continue to hold a significant share in the global market over the forecast period as well. However, concerns associated with the high glycemic index of corn syrup could lead to a slight decline in the valuation of the segment. Other segments such as sunflower and soybean seeds are expected to benefit from the scenario.
Asia Pacific to Continue to Lead Nuts Market; North America to Dominate Seeds Segment
Geography-wise, the report segments the global nuts and seeds market into Asia Pacific, North America, Europe, and the Rest of the World. Of these, the market for nuts in Asia Pacific exhibited a clear dominance by holding a nearly 90% share in the global market in 2015; the region valued at US$1082.26 bn. With such a massive share in the overall market, Asia Pacific left little scope for growth of other regional markets. The strong position of the region in the global nuts market can be associated with the notable rise in disposable incomes, which has translated into greater affordability.
The global seeds market was dominated by North America, which held nearly 30% of the market. Expected to also exhibit a promising growth pace in the next few years, the North America seeds market is likely to rise to a valuation of US$40.16 bn by 2021. Chief factors working in favor of the North America seeds market in the near future include the high uptake of corn/maize and the presence of several companies operating in the genetically modified crops and biotechnology sectors.
Some of the leading companies operating in the global nuts and seeds market are Richardson International, Diamond Foods Inc, Blue Diamond Growers Inc, Bayer Crop Science A.G., McCormick and Company Inc, Cargill Incorporated, Syngenta A.G., and Archer Daniels Midland Company.
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