Europe Nut Ingredients market is anticipated to grow at 5.89% CAGR from 2021 to 2027 and it is estimated that the Europe market was valued at USD 0.68 billion in 2021 and is expected to reach USD 0.91 billion by 2027.
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 almonds, 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.The Europe 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 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 market.
The Europe market is segmented on the basis of
Type
Form
Application
On the basis of Type, it is segmented into
Almonds
walnuts
Hazelnut
cashews.
On the basis of Application, it is segmented into
Confectioneries
Dairy products
Bakery products
Snacks
Bars
Desserts, Cereals, Beverages. The snacks and bar segment has seen the highest rise in the consumer market owing to the wellness and health trends.
On the basis of geography, the market is analyzed under various regions namely
Germany
Italy
France
U.K
Spain
Europe held the largest share of the market. 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.
Archer Daniels Midland Company
Olam International Limited
Barry Callebaut Group
Kerry Group, Kanegrade
H.B.S. Foods Ltd.
CACHE CREEK FOODS
ROYAL NUT COMPANY
Helios Ingredients
Bergin Friut and Nut Company
Wenders
The Hershey Company
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