Asia Pacific Nut Ingredients Market

Asia Pacific Nut Ingredients Market Size, Share and Growth Rate Analysis:

Asia Pacific Nut Ingredients Market size is anticipated to grow at 6.84% CAGR from 2021 to 2026 and it is estimated that the Asia Pacific market was valued at USD 0.43 billion in 2021 and is expected to reach USD 0.59 billion by 2026.

Nuts are classified as oily kernels present within a shell of the fruit and are used in a variety of food products worldwide. Seeds are mostly taken from various fruits that are not present in the shell of the fruit such as hazelnuts, chestnuts, and others, that have hard shell walls and are originated from the compound ovary of the fruit. Nut ingredients include nuts such as almond, cashew, walnuts, pecans, peanuts, hazelnut, Pine nuts, soy nuts, sunflower nuts, and others. Nuts ingredients are very beneficial in product formulations and hence are considered a preferred choice for food manufacturers.

Nut ingredients provide important nutrients to consumers as they provide taste as well as 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.

Asia Pacific Nut Ingredients Market Growth Driving Factors:

The Asia Pacific nut ingredients market is driven by factors such as an increase in the demand for ready-to-eat snack foods coupled with the convenience of foods. The growing opportunities in snacks and confectionery industry is also another factor driving the nut ingredients market along with a rise in the number of varieties and flavors in nut ingredients snacks leading to the introduction of a variety of nuts such as walnut, almond, peanut, hazelnut, pecan, and others. Manufacturers are focusing on providing healthier product offerings to cater to the growing need of consumers to consume healthy food.

Growth in the focus on preventive health care and launching of healthier products with an assortment of nut ingredients is the major driving factor of the Nut Ingredients Market.

Asia Pacific Nut Ingredients Market Segmentation Analysis:

Based on Type:

• Almonds
• Walnuts
• Hazelnut
• Cashews

Based on Form:

• Roasted & Chopped
• Other Forms of Nut Ingredients

Based on Application:

• Confectioneries
• Dairy products
• Bakery products
• Snacks and Bars
• Desserts
• Cereals
• Beverages

Region Presence of the market and Its Classification:

On the basis of geography, the market is analyzed under various regions namely India, China, Japan, Australia, and South Korea. Asia Pacific is expected to register the highest CAGR in the coming years due to emerging markets in developing countries such as India and China. An Increase in the snacking and confectionery industry and demand for convenient and on-go-option snack foods has strengthened the growth of the market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

Some of the Leading key Players mentioned in this Nut Ingredients Market report are;

1. Archer Daniels Midland Company
2. Olam International Limited
3. Barry Callebaut Group
4. Kerry Group
5. Kanegrade
6. H.B.S. Foods Ltd
7. CACHE CREEK FOODS
8. ROYAL NUT COMPANY
9. Helios Ingredients
10. Bergin Friut and Nut Company
11. Wenders
12. The Hershey Company