Edible Nuts Market

Edible Nuts Market Size, Share, Growth (2023-2028)       

Edible Nuts Market size is valued at 66.9 Million USD in 2023 to 83.1 Million USD in 2028 and is expected to grow at a CAGR of 5.7%.

Edible Nuts Market Overview

Dry fruits and edible nuts are widely consumed. For dried fruit, the water content is extracted from the fruit either naturally, by sun-drying or through the use of advanced dehydrators. On the other side, the edible nut is a fruit made of a hard shell and seed. Dry fruits and edible nuts are an essential source of nutrients for humans comparable to fresh fruits and are a significant source of dietary fiber and potassium. They are also a rich source of vitamin A, vitamin K, and iron. Nuts, on the other hand, are very high in nutrients and have a good source of fats and vitamins as well as amino acids.Europe is expected to dominate the global market for edible nuts. Countries such as the Netherlands, Germany, France, and the United Kingdom are expected to be significant regions for edible nuts in Europe due to increasing demand for organic, low-sugar, and safe food items. The market for edible nuts in Asia-Pacific is expected to be the fastest-growing in the forecast period, attributed to the increasing demand of health-conscious consumers in the area for nutritious food ingredients. The North American market is expected to grow steadily during the forecast period due to the widespread use of nuts such as acorns and American beech for their starch and fat content. The market in other areas has seen significant growth due to the application in oil and food products.

Edible Nuts Market Drivers and Restraints:

Consumption of edible nuts has increased due to a shift towards a healthy lifestyle by consumers. Edible nuts are rich in Vitamins K and A and Iron. They also provide minerals, fiber, Potassium, and Calcium. The high nutrient density and the rich source of bioactive compounds make them significantly beneficial for health. Consumers have become health-conscious as a result, there has been a significant shift in their intake and diet. Resultantly, the market for edible nuts such as Walnut, almonds, Pistachios, Hazelnuts and Cashew nuts is flourishing. Thus, the increasing awareness and rising adoption of a healthier lifestyle have fueled the growth of the edible nuts market. The shelf-life of edible nuts can be increased by up to one year when refrigerated. Consequently, they can be bought in bulk and stored easily. Edible nuts have multiple applications in the food and beverage industry and can be used as an ingredient in a lot of dishes. Besides, their nutritional value they act as flavor enhancers. The processing stage of edible nuts is a lengthy and costly process. The high price of the processing techniques before commercialization such as extraction, clarification and packaging are the major restraints affecting the market growth of edible nuts. These processes are quite intensive and are a major deterrent to the growth of this market globally.

Opportunities:

Factors such as longer shelf life, crunchiness, and high nutrition density are expected to bring new opportunities and boost the market for edible nuts. The market growth is also fostered by the fact that edible nuts can be used in a wide variety of products like yogurts, ice creams, artisan crackers, etc. The chocolate industry has been using edible nuts to enhance the taste of chocolates. This provides a lucrative opportunity for the market of edible nuts to grow. Increasing veganism and the flexitarian population shifting from animal-based products to plant-based products provides a huge opportunity for the edible nuts market to bolster its position globally.

Challenges:

The pandemic has affected the edible nuts market badly. Reduced consumption and supply chain disruption was the prime challenge faced by the industry. In addition to that high price of processing techniques continue to pose a threat to the market. For example - Cashew nuts pass through the stages of extraction, clarifying, and packaging. This makes the process quite intensive and is projected to hamper the market growth of edible nuts

Edible Nuts Market Segmentation:

Edible Nuts Market by Product Type:

• Almonds

• Cashew Nuts

• Hazelnuts

• Peanuts

• Pistachios

• Walnuts

by Usage:

• Bakery and Confectionery

• Flavored Drinks

• Breakfast Cereals

• Snacks

• Butter and Spreads

• Dairy Products

• Others

Edible Nuts Market by Form:

• Whole

• Powder

• Roasted

• Splits

The peanut category dominated the market for edible nuts by volume in 2019 and is expected to remain dominant over the forecast period compared to its counterparts. Meanwhile, the almond segment is expected to grow at the highest CAGR in terms of value during the forecast period.The bakery & confectionery segment had the largest share of price in the global market for edible nuts in 2019. Manufacturers are launching new energy bars with edible nuts. Their long-lasting crunchiness, combined with their associated health benefits, is a driving factor in the market for bakery and confectionery products containing edible nuts.

Edible Nuts Market Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Middle East and Africa

• Latin America

Edible Nuts Market Key Players:

1. Diamond Foods

2. Olam International

3. Waterford Nut

4. Farm Breeze International

5. Just Almonds

6. Blue Diamond Growers

7. Mariani Nut

8. Select Harvests

9. Global Nut

10. Archer Daniels