Asia Pacific Nuts and Nutmeals Market Research Analysis:
Asia Pacific Nuts and Nutmeals Market is expected to experience moderate growth to record a CAGR of x.xx% throughout the outlook period (2020-2025).
The rising popularity of the paleo diet and a surge in people opting for a high-protein substitute are encouraging players in the nuts market to invest in nutmeals. Nut flour has its main function as a substitute for common flour or as a flour mixture for baking. It has the advantage of being easily mixed in powder form into various bases and providing the nutty flavor and nutritional benefits to the product.
Market Drivers and Restraints:
The demand for nuts and nut-based foods is driven by a growing awareness of the health benefits of nuts, which are a rich source of folate, fiber, protein, and other essential minerals. They are a good source of saturated fat and help support a healthy heart and brain. Furthermore, insulin levels are maintained in diabetic patients. Many nuts also contain omega-3 fatty acids, vitamin E, and folate, making them an excellent nutritional substitute for meat for vegetarians. In addition, with the growing interest in paleo and vegan diets, consumers are increasingly turning to the use of nut meals for their protein needs in the absence of meat, milk, eggs, and 'other protein-rich meats and animal products. The inclusion of nuts in daily meal plans is driving the market. A large amount of fat and calories, which is an important factor due to the high levels of obesity in people, is a limitation in the market for nuts and nut-based foods. These contain a high level of sodium and artificial flavors, which are counter-effective in protecting the health benefits of nuts. Another major deterrent is the prevalence of tree nut allergy in people, such as peanut allergies. Opportunities can be seen in the way of using nuts and nutmeals in various new application industries, due to changing consumer tastes due to globalization and urbanization in the developing countries of the Asia Pacific.
The Asia Pacific Nuts and Nutmeals Market is segmented according to the type of nuts as almonds, peanuts, macadamia nuts, hazelnuts, walnuts, cashews, pistachios, and others. Cashew, which is popular in the Asia Pacific due to the region's warm climate and is a major export product in countries like India, has the largest share of the world market, followed by peanuts and almonds. Peanuts have a significant application with their use in breakfast products such as peanut butter, which is widely consumed in Western countries. In recent decades, the almond has built a good reputation for being a health nut with its diabetic-friendly attributes such as its relatively low-fat content and healthy omega-3 fatty acids.
The market is segmented by application in ready-to-eat nuts, oil, salted, confectionery and bakery, dairy, beverages, cereals, and others. While nuts have the greatest application in ready-to-eat foods, nutmeals are primarily used for baking. Nuts and nut flours are widely used as mixes in flavors such as nut-cereal mixes, where they allow for "smart labeling" of products to appeal to health-conscious consumers.
By distribution channel, the Asia Pacific nuts and the nutmeals market is divided into online channels, convenience stores, hypermarkets/supermarkets, and others.
Impact of COVID-19 on Asia Pacific Nuts and Nutmeals Market
The coronavirus pandemic coincided with the peak of the harvest season in several nations. As the markets are closed, there is a threat of harvesting to lakhs of hectares in the Asia Pacific. Even between different segments, the impact varies considerably between regions and between producers and agricultural workers. However, the medicinal benefits of nuts are likely to support their sales in the Asia Pacific countries amid the COVID-19 period.
The Asia Pacific Nuts and Nutmeals Market has been divided by geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia Pacific. The Asia Pacific is the main market for nuts, with India and China accounting for the largest share on the continent. This is due to the high production of nuts in these countries that allows export to the whole world. The Asia Pacific shows a promising growth rate for nutmeals due to the ease of availability in the area.
Blue Diamond Growers Inc. had the largest share of the Asia Pacific Nuts and Nutmeals Market in terms of sales and revenue in 2019.
The Asia Pacific Nuts and Nutmeals Market is concentrated with well-established players like Detriot Gourmet Nut Company, Blue Diamond Growers Inc., Detriot Gourmet Nut Company, Cargill Inc., HBS Foods Ltd., Superior Nut Company, Royal Nut Company, Nut-Tritious Foods, Mccormick And Co, The Ludlow Nut Company, Archer Daniels Midland Co, and amongst others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Nuts and Nutmeals Market, By Type
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Nuts and Nutmeals Market, By Application
6.2.1 Ready-To-Eat Nuts
6.2.4 Confectionery and Bakery
6.2.8 Market Size Estimations & Forecasts (2019-2024)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
6.3 Nuts and Nutmeals Market, By Category
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Nuts and Nutmeals Market, By Distribution Channel
6.4.1 Online Channels
6.4.2 Convenience Stores
6.4.4 Market Size Estimations & Forecasts (2019-2024)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Asia Pacific
7.2.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.2.2 By Type
7.2.3 By Application
7.2.4 By Category
7.2.5 By Distribution Channel
8. Key Player Analysis
8.1 Cargill Inc
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Archer Daniels Midland Co
8.3 Detriot Gourmet Nut Company
8.4 Blue Diamond Growers Inc
8.5 Detriot Gourmet Nut Company
8.6 HBS Foods Ltd
8.7 Superior Nut Company
8.8 Royal Nut Company
8.9 Nut-Tritious Foods
8.10 Mccormick And Co
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
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