Market Overview
Edible nuts have shot into the spotlight as they are nutritionally dense and offer consumers protein, fiber, minerals, and several other trace compounds that contribute to a healthy body. Market Research Future’s report on the global edible nuts market for the forecast period of 2018 to 2023 reveals several key facts and figures about the market. The market’s optimistic outlook is likely to result in expansion of the present market value of edible nuts.
Edible nuts are high in mono-unsaturated fatty acids (MUFA), which are some of the healthiest fats one can consume. MUFA-rich food is often recommended to those looking to lose weight as it provides a lasting full feeling, thus resulting in reduced snacking and an overall reduction in the intake of calories.
Competitive Landscape
MRFRs analysis of the competitive landscape of the global edible nuts market includes prominent players such as Mariani Nut Co., Blue Diamond Growers, Arcer Daniels Midland Co., Olam International, Diamond Foods, Waterford Nut Co., Select Harvests Ltd, KP Nuts, Acomo, and John B. Sanfilippo & Son, Inc.
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Market Segmentation
MRFR’s report analyses the various parts of the market which contribute to the whole. As such, the global edible nuts market has been segmented on the basis of type, form, application, and region. Various types of edible nuts include cashew nuts, almonds, chestnuts, pistachios, hazelnuts, brazil nuts, and others. Edible nuts are available in various forms which include whole, powder, split, and others. Applications for edible nuts include direct consumption/culinary purpose, bakery & confectionery, breakfast cereals, snacks, beverages, dairy products, and others.
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Regional Analysis
Europe accounts for the largest share of the global edible nuts market. Country-level markets such as Netherlands, Germany, France, and the UK are expected to lead growth over the forecast period. The region’s growing health consciousness and supportive government regulations regarding the same have resulted in an increased demand for natural, food products with a low sugar content. Nutrient-rich natural whole foods are highly popular in the region. North America accounts for the second largest market due to the wide use of nuts in countries such as the U.S. Use of various types of oils derived from nuts and the increasing use of almonds and cashews among other nuts to make nut butters have greatly contributed to the popularity of edible nuts in the North American Market. Meanwhile, the Asia Pacific is likely to grow rapidly with the highest CAGR during the forecast period. The rising demand for healthy food items is expected to boost growth. Moreover, in countries such as India, there is a long history of using nuts in making traditional sweets, and beverages. Nuts are often given as presents during the holidays and have consistent demand in the Indian market.
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