Latin America Nut Ingredients Market

Latin America Nut Ingredients market Size, Share, Growth (2022-2027)

Latin America market was valued at USD 260 million in 2021 and is expected to reach USD 350 million by 2027 to grow at 6.12% CAGR from 2022 to 2027

Latin America Nut Ingredients market Overview

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 has 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.The Latin America 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 flavours 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.

Latin America Nut Ingredients market Segmentation

on the basis of

• Type

• Form

• Application

On the basis of Type

• Almonds

• walnuts

• Hazelnut

• cashews

On the basis of Application

• Confectioneries

• Dairy products

• Bakery products

• Snack

• Bars

• Desserts

• Cereals

• Beverages

Latin America Nut Ingredients Market Regional Analysis

• Argentina

• Brazil

• Mexico

Latin America is at a nascent stage and is projected to register lucrative growth over a forecast period.

Keyplayers

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