North America Nuts and Nutmeals Market

North America Nuts and Nutmeals Market Research Analysis 2022 - 2027:

North America Nuts and Nutmeals Market is expected to develop with a steady compound annual growth rate over the forecast period 2022 - 2027

Nutmeal 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.

Recent Developments in the market:

1. Olam International Ltd has entered into a purchase agreement to acquire a 100% interest in California almond ingredient processor and manufacturer Hughson Nut Inc (HNI) and the associated real estate assets of APB Partners, LLC (APB).
2. Archer Daniels Midland Co. acquired Modesto, California nut and seed processing operations and assets from California Gold Almonds. According to ADM, the acquisition adds "critical processing capacity" in addition to its West Coast tree nut operations in Lodi and Stockton, California. Pursuant to the transaction, ADM acquires the lease of the new Modesto processing plant and takes possession of the assets of the facility.
3. Following the acquisition of Diamond Foods by Snyder-Lance, the company decided to sell the Diamond of California brand of nuts to Blue Road Capital and retain Diamond's snack brands while pursuing its strategic plan of growth in the best of your snack space. Under the agreement, Blue Road Capital agreed to acquire the Diamond of California walnut brand, which produces walnuts, almonds, cashews and pistachios for an undisclosed sum.
4. Barry Callebaut, a renowned high-quality cocoa and chocolate products maker, has signed a deal recently to procure 100% of La Morella Nuts SA, a private nuts manufacturer in Spain, which is known as a specialist in premium quality ingredients in dried fruit base for the food industry in Europe.

Market Drivers and Restraints:

The North American nuts and nutmeals market is majorly supported by the rising consumer awareness of the health benefits associated with these nuts, as they are proven to be an excellent source of vitamins, antioxidants, fiber, protein, and other essential minerals, as well as the growing popularity of the paleo diet. They are a good source of saturated fat and help maintain a healthy heart and brain. Therefore, due to the nutritional benefits that nuts offer, they are an excellent substitute for meals. The local market is also strongly driven by the growing vegan population, as these foods are considered a good alternative to fish and eggs to meet calcium and vitamin B12 needs. In recent decades, the almond has built an excellent reputation for being a healthy nut, with its diabetic-friendly attributes such as its relatively low fat content and healthy omega-3 fatty acids.

Market Segmentation:

The North America Nuts and Nutmeals Market is segmented according to the type as almonds, peanuts, macadamia nuts, hazelnuts, walnuts, cashews, pistachios and others. Cashew, which is popular in North America due to the region's warm climate has the largest share of the market, followed by peanuts and almonds. Peanuts have significant application in North America 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 healthy nut with its diabetic-friendly attributes such as its relatively low-fat content and healthy omega-3 fatty acids.

The market is segmented by use and 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 widely adopted in baking.

By distribution channel, the North American nuts and nutmeals market is divided as online channels, convenience stores, hypermarkets/supermarkets and others.

Impact of COVID-19 on North America Nuts and Nutmeals Market

North America, especially, the USA is one of the most affected areas of the coronavirus pandemic. The number of cases related to infection are growing every day, and the businesses are facing never expected threats. The lockdown conditions have resulted in the supply chain disruptions and temporary closure of production units. Although the nuts and nutmeals market has witnessed a slight fall, it is estimated to bounce back strong with the rising consumer awareness about the medical benefits of consuming nuts on a regular basis.

Regional Analysis:

Geographically the North America Nuts and Nutmeals Market is segmented into US, Canada, Mexico and Rest of North America.

The North America Nuts and Nutmeals market has been divided on the basis of region into the United States, Canada, Mexico and rest of North America. North America represents an important part of the global market for nuts, due to the growing demand and consumption of nutmeals and the high disposable income of consumers in the region. Nuts, such as almonds and peanuts, have earned an excellent reputation for being a healthy snack alternative with less fat proportions and healthy omega-3 fatty acids. Additionally, the rising application of raw walnuts and walnut flours in cooking and mixes in salty nut mixes have attracted a large number of health-conscious consumers in this locale.

Leading Company

Blue Diamond Growers Inc. had the largest share of the North America Nuts and Nutmeals Market in terms of sales and revenue in 2019.

Key Players

The North America Nuts and Nutmeals Market is concentrated with well-established players such as Detriot Gourmet Nut Company, Blue Diamond Growers Inc., Detriot Gourmet Nut Company, Cargill Inc., HBS Foods Ltd., Superior Nut Company, Archer Daniels Midland Co, and others.