식용 견과류 시장 : 견과류의 유형, 유통 채널, 용도, 지역별(2024-2031년)

Edible Nuts Market Valuation - 2024-2031

Growing health-conscious among the public is encouraging them to consume healthy fats, protein, and fiber, especially, nutritious nuts. Furthermore, the growing popularity of plant-based diets and veganism is driving up the use of nuts as a primary source of plant-based protein. The growing use of nuts in various food and beverage products, such as nut butter, nut milk, and nut-based sweets, is helping to drive market growth. The market size surpass USD 58.92 Billion valued in 2024 to reach a valuation of around USD 89.74 Billion by 2031.

The global shift towards healthier lifestyles, combined with rising disposable incomes in emerging economies, is expected to drive greater demand for edible nuts in the coming years. As consumer preferences shift toward natural and minimally processed foods, the edible nuts market is predicted to rise steadily, driven by new product innovations and market expansion. The rising demand for cost-effective and efficient edible nuts is enabling the market grow at a CAGR of 5.4% from 2024 to 2031.

Edible Nuts Market: Definition/ Overview

The edible nuts market is the sector concerned with the production, processing, distribution, and consumption of nuts suitable for human consumption. Edible nuts, such as almonds, walnuts, cashews, pistachios, and hazelnuts, are prized for their nutritional worth, which includes good fats, proteins, vitamins, and minerals. These nuts are often eaten as snacks, utilized as components in a variety of methods, and included in processed foods and drinks. The market offers a diverse selection of items, from raw and roasted nuts to nut-based butter and milk.

The edible nuts market is predicted to rise significantly as consumer knowledge of health advantages grows, as does demand for plant-based diets and uses in the food and beverage industry. Innovations in processing and packaging, as well as increased demand for organic and sustainably derived products, are expected to boost market growth. As global economies grow and disposable budgets improve, there will be a larger demand for premium and exotic nut kinds, boosting the market's future potential.

How Does the Rising Demand for Plant-Based Protein Alternatives Drive the Growth of the Edible Nuts Market?

The increasing demand for plant-based protein alternatives is expected to drive the edible nut market. As more people choose plant-based diets, nuts are becoming a popular source of protein, thanks to their nutritional benefits. According to the Good Food Institute, the plant-based food market will rise by 27% in 2020, reaching USD 7 Billion in sales, emphasizing the importance of nuts in this movement. Nuts are high in protein, essential fatty acids, and other essential elements, making them an important part of plant-based diets and supporting their expanding appeal in the food sector.

The edible nuts market is expanding as people become more aware of their health benefits. Demand for nuts is growing as people become more aware of their high nutritional value, which includes healthy fats, proteins, and essential minerals. The International Nut and Dried Fruit Council (INC) reported a 45% increase in global nut consumption between 2008 and 2018, reaching 4.25 million metric tons. This spike shows an increasing demand for nuts as a healthy dietary option, which is driving market growth as individuals strive to incorporate more nutrient-dense foods into their diets.

How will the Price Fluctuations Affect the Growth of the Edible Nuts Market?

Price fluctuations is likely to impact the edible nut market over the forecast period. Variability in nut prices, caused by factors such as crop yields, weather, and supply chain interruptions, can have an impact on consumer purchasing behavior and market dynamics. When prices rise dramatically, it may result in lower consumer demand or a shift to more economical alternatives, thereby impeding market growth. In contrast, steady or reduced prices might boost demand and encourage more spending. As a result, price variations have a significant impact on the overall trajectory of the edible nut market, influencing consumer choices and industrial profitability.

Supply chain interruptions can have a substantial impact on the growth of the edible nut market. Interruptions in the supply chain, such as transportation challenges, labor shortages, or geopolitical tensions, may lead to nut distribution delays and increased costs for both producers and consumers. These disturbances can induce changes in nut availability and pricing, influencing consumer demand and market stability. Ongoing supply chain difficulties can impede producers' capacity to meet market demands, thereby limiting market growth and profitability.

Category-Wise Acumens

Will the High Nutritional Value Fuel the Almonds Segment for the Edible Nuts Market?

Almonds is projected to hold major share in the edible nut market. The high nutritious value of almonds is expected to drive the almond segment of the edible nuts market. Almonds are well-known for their high level of beneficial fats, proteins, vitamins, and minerals, which coincides with rising consumer demand for nutrient-dense foods. Their advantages, such as improving heart health, weight control, and overall well-being, make them a popular choice among health-conscious consumers. This increasing awareness of almonds' nutritional benefits is likely to raise demand, driving growth in the almonds section of the market.

Almonds' rich protein, fiber, and healthy fat content drive their rise in the edible nuts market. As the health-conscious consumer base seeks items that promote greater nutrition and overall well-being, almonds stand out for their nutritional profile. Their advantages include supporting heart health, assisting with weight control, and delivering prolonged energy, all of which correspond to customer preferences for health-enhancing foods. This increased preference for nutrient-dense choices is projected to enhance demand for almonds, propelling their category forward in the market.

Will the Extensive Product Range Raise the Supermarkets/Hypermarkets Segments for the Edible Nuts Market?

Supermarkets and hypermarkets control the distribution of edible nuts. The diverse product offerings in supermarkets and hypermarkets are projected to boost the growth of the edible nuts segment within these retail channels. Supermarkets and hypermarkets provide a large range of nut products, including various varieties of nuts, packaging options, and value-added items such as nut butter and snacks. This large selection caters to a wide range of consumer preferences and offers convenience, attracting more shoppers. The ability to sell both bulk and packaged nuts at low costs increases their popularity, making these retail channels a crucial driver in the expansion of the edible nuts market.

The range of nut products available, from raw and roasted to flavored and salted, is fueling the rise of the edible nuts segment in supermarkets and hypermarkets. This vast selection improves customer pleasure by catering to a variety of taste preferences and nutritional requirements, hence increasing the appeal of various retail channels. Supermarkets and hypermarkets can attract a larger client base and stimulate repeat purchases by offering a variety of products, including basic, gourmet, and convenience items. This diverse product offering meets a variety of consumer wants, resulting in improved sales and growth within different retail segments.

Country/Region-wise Acumens

Will the Rising Disposable Income and Increasing Health Consciousness in the Asia Pacific Boost the Edible Nuts Market?

The Asia Pacific region currently controls the edible nut market. Rising disposable income and more health consciousness are driving the growth of the Asia Pacific edible nuts market. The Asian Development Bank predicts a 53.6% increase in GDP per capita from $5,079 in 2020 to $7,801 in 2025, increasing consumer spending power and driving demand for premium, healthy food options such as nuts. A 2022 study showed a 23% increase in regular nut consumption among Asian populations, which is associated with a 15% reduction in cardiovascular risk. These statistics and increased health awareness are driving consumer preferences for nutrient-dense, heart-healthy nuts, resulting in market growth in the region.

The edible nuts market is experiencing substantial expansion due to Asia Pacific's large population and expanding middle class. With the region's population expected to grow from 4.3 billion in 2020 to 4.6 billion by 2050, along with fast urbanization and economic development, there is an increasing demand for nutritious and convenient food options. According to the World Bank, the middle class in East Asia and the Pacific has increased from 27% of the population in 2002 to 54% in 2021, totaling more than 2 billion people. Furthermore, per capita consumption of tree nuts in Asia increased by 32% between 2010 and 2020, with China accounting for 40% of the global nut consumption rise during this time, according to the FAO. These demographic and economic shifts are driving the expansion of the edible nuts market as consumers increasingly seek nuts for their health benefits, convenience, and taste.

Will the Developed Food Processing and Distribution Infrastructure in North America Expand the Edible Nuts Market?

North America is anticipated to witness rapid growth in the edible nut market. North America's well-developed food processing and distribution infrastructure drives the region's Edible Nuts Market. According to the United States Department of Agriculture (USDA), the food processing business accounts for 16% of the manufacturing sector and is expected to be worth USD 750 Billion in 2020, allowing for efficient nut processing and distribution. According to the Food and Agriculture Organization (FAO), North America's share in world nut output has climbed from 20% in 2010 to 28% in 2022, owing to improved processing capabilities. the US Bureau of Labor Statistics predicts a 6.8% increase in food processing jobs between 2020 and 2030, indicating the sector's expansion. The sophisticated distribution network contributes to market expansion, with the Grocery Manufacturers Association reporting that nuts and nut-based products accounted for 3.2% of the USD 1.4 Trillion US food and beverage retail industry in 2021.

The significant emphasis on health and wellness trends in North America is projected to extend to the Asian Pacific region, fueling growth in the edible nuts market. In North America, improved health awareness has resulted in increased nut intake, with the CDC finding that 51.6% of U.S. adults were attempting to lose weight through nutrient-dense foods like nuts. The USDA reported a 32% increase in per capita tree nut consumption between 2010 and 2020, while a 2022 study connected regular nut eating to a 20% reduction in all-cause death. This trend is evident in the natural and organic food market in the United States, which is expected to expand 12.7% in 2021. As global health awareness rises, similar patterns are projected in Asia Pacific.

Consumers in the region are increasingly seeking plant-based proteins and heart-healthy fats, which is driving up demand for nuts. Rising awareness of nuts' health advantages, similar to trends found in North America, is expected to drive market growth in the Asia Pacific region as well.

Competitive Landscape

The edible nuts market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the edible nuts market include:

• Archer Daniels Midland Company
• Diamond Foods, Inc.
• Olam International Ltd.
• Blue Diamond Growers
• Mariani Nut Company
• Select Harvests Limited
• Durak Findik
• Grower Direct Nut Co. Ltd.
• Borges Agricultural & Industrial Nuts
• The Wonderful Company LLC

Latest Developments

• In July 2023, IGA's Exclusive Brands introduced a new line of snack nut types, including cashews, peanuts, almonds, and mixed nuts.
• In January 2023, Blue Diamond Growers announced that it would resume sales of its Chile 'N Lime Flavored Almonds.
• In November 2022, Blue Diamond Almonds will release two new limited-edition almond flavors: "Blue Diamond Peppermint Cocoa Flavored Almonds" and "Blue Diamond Snickerdoodle Flavored Almonds."
• In June 2022, Blue Diamond Almonds introduced four new almond flavors: Mash-Ups, Mash Ups Dark Chocolate and Chili Pepper Almonds, Elote - Mexican-Style Street Corn Almonds, and Korean BBQ Almonds.

Edible Nuts Market, By Category

• Type of Nuts:
• Almonds
• Walnuts
• Cashews
• Pistachios
• Hazelnuts
• Pecans
• Distribution Channel:
• Supermarkets/Hypermarkets
• Online Retail
• Convenience Stores
• Specialty Stores
• Application:
• Snacks
• Bakery and Confectionery
• Dairy and Frozen Desserts
• Breakfast Cereals
• Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Edible Nuts Market, By Type of Nuts

• Almonds
• Walnuts
• Cashews
• Pistachios
• Hazelnuts
• Pecans
• Others

5 Edible Nuts Market, By Application

• Snacks
• Bakery and Confectionery
• Dairy and Frozen Desserts
• Breakfast Cereals

6 Edible Nuts Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Online Retail
• Convenience Stores
• Specialty Stores

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Archer Daniels Midland Company
• Diamond Foods, Inc.
• Olam International Ltd.
• Blue Diamond Growers
• Mariani Nut Company
• Select Harvests Limited
• Durak Findik
• Grower Direct Nut Co. Ltd.
• Borges Agricultural & Industrial Nuts
• The Wonderful Company LLC

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References