Nuts And Seeds Market

Nuts and Seeds Market Size, Share, Growth (2023-2028)

Nuts and Seeds Market size is expected to reach at USD 1384.47 billion in 2023 to USD 1775.47 billion by 2028 with a CAGR of 5.10% % throughout the foreseen period 2023-2028

Nuts and Seeds Market Overview:

Nuts and seeds are used in a wide variety of applications. Walnuts are eaten raw or used as an ingredient in snacks. In addition, they are also used in the kitchen. Furthermore, walnuts are also used in the production of cosmetics. Many cooking oils are extracted from the seeds. They are also an imperative component of many seasonings and spices. In addition, the seeds are also used as additives in food. The moderate consumption of nuts and seeds has many positive impacts on human health, such as reducing the incidence of coronary heart disease, lowering blood cholesterol, preventing diabetes, and preventing gallstones in women and men. Moreover, the regular intake of nuts can protect from ailments like blood pressure, metabolic syndrome, and visceral adiposity.

Recent Developments in the Nuts and Seeds Industry:

• PepsiCo made a deal to purchase Spitz International Inc., a leading sunflower and pumpkin seeds manufacturer based in Canada. The acquisition will support Frito-Lay's plan to expand into the nut and seed category, and Spitz complements Frito-Lay's portfolio of healthier snack options.

REPORT COVERAGE:

Nuts and Seeds Market Drivers and Restraints

Growing consumer awareness of the nutritional and health benefits associated with various types of nuts and seeds is driving demand in the market. Packaging ensures good quality, product processing, and increases the shelf life of products.

In addition, it is responsible for offering customers fresh, clean, and high-quality products. Growing health awareness has benefited the expansion of the global market for nuts and seeds during the forecast period. Awareness of the health benefits of nuts and seeds is driving the global market for nuts and seeds. The younger generation's inclination towards natural and organic products is expected to create huge opportunities for the nut and seed market around the world during the outlook period. In addition, increased consumer spending on beauty and personal care products is expected to drive the market for nuts and seeds worldwide. Other factors such as improved living standards, growing demand for luxury and exotic perfumes, high income, and rising trends in personal care are expected to drive market growth over the estimated period.

Nuts and Seeds Market Nuts and Seeds Market Segmentation 

The global Nuts and Seeds market can be divided

based on

• product 

• form

Most nuts, including almonds, hazelnuts, walnuts, cashews, peanuts, walnuts, and pistachios contain polyunsaturated and monounsaturated omega 6, and omega 3 fatty acids with a small amount of saturated fat. It can help reduce associated risks such as metabolic syndrome, high cholesterol levels, and high blood pressure. Also, eating walnuts helps improve blood sugar levels and reduces the risk of certain types of cancer. Almonds are essential for lowering LDL cholesterol, which is considered bad cholesterol. In addition to this, almonds are consumed as a low-calorie diet and promote weight loss and lower blood pressure.

Nuts are generally roasted to enhance flavor, crunch, texture, and aroma. Roasting the product, either in oil or dry, has a minimal effect on the nutritional value or enhances the nutty flavor. Some customers prefer raw natural nuts because they offer a natural flavor. Most oilseeds like peanuts, sunflower seeds, and sesame seeds are roasted first and then oil is extracted from them. Roasting the oilseeds before extracting the oil reduces the moisture content of the seeds. On the other hand, if the oil is extracted from the raw seeds, it will contain some impurities and adversely affect the quality of the edible oil. Some seeds like flaxseeds, and olive oil, and others are extracted without roasting. The increasing application of these seeds will increase the reach of the products for the foreseeable future.

Impact of COVID-19 on Nuts and Seeds Market:

While food and beverage manufacturers and processors are more likely to be affected by shortages of labor and raw materials required in the production process, retail and catering outlets must be faced with more intense challenges from the beginning. For food retailers, the challenge would be to face the possibility of an irregular influx of consumers and, on the other hand, to also evaluate the possibility of storing food and drink products to ensure continuity consumer access to the products they intend to buy. The idea can be further evaluated by stating that some processed food manufacturers anticipate an increase in sales of their products due to the growing trend of home catering. This scenario is influenced by the fact that more and more consumers isolate themselves more and more from public events or are quarantined to test positive. Concerns about food safety and the potential risk of transmission of the virus through public contact have significantly affected consumer visits to restaurants. In addition to the aforementioned factors and on the economic front, while the prices of food and beverage and agricultural products have remained stable, a prolonged outbreak of COVID-19 will generate economic instability and food inflation.

Nuts and Seeds Market Regional Analysis:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

North America had the largest market share of packaged nuts and seeds with 56.8% in terms of revenue. The region has become a large consumer of nuts and seeds due to the presence of several bakery and confectionery manufacturing units in the United States.

North America has seen the largest number of product launches in recent years. For example, in December 2015, the Almond Board of California (ABC) launched an initiative called Accelerated Innovation Management (AIM). This was an innovative strategic initiative designed to increase the efficiency and sustainability of the almond industry. These initiatives will drive product growth during the forecast period.

The Asia-Pacific is expected to be a very lucrative regional market, expanding at a compound annual rate of 6.8% from 2022 to 2027. The growth is mainly attributed to the growing awareness of organic products, as well as the evolution of preference for consumers for foods with high nutritional value in emerging economies, including China and India.

Nuts and Seeds Market Key Players in the Market

Major Key players in the Global Nuts and Seeds Market are

1. Olam International

2. Bayer AG

3. McCormick & Company, Inc

4. Select Harvests Limited

5. DuPont (Pioneer Hi-Bred)

6. ITC Limited

7. Advanta Seeds Pty Ltd

8. Blue Diamond Growers

9. Syngenta

10. SunOpta