Global Edible Nuts Market is Expected to Grow at a CAGR of 5.60% from 2023 to 2032

February 07, Market Research Future research report on Global Edible Nuts Market

Market Overview

Edible Nuts are Essential part of healthier diet as they are rich in energy and nutrients such as omega-3, carotenes, manganese, potassium, calcium, iron, palmitoleic acids and B-complex group of vitamins. The trends towards healthier diet is driving the growth of edible nuts market in the globe. Edible nuts are majorly used by food industry especially in the making of bakery and confectionary products and increasing use of edible nuts in various food products is driving demand the market growth. Improved cultivation techniques and logistics network across the world is playing the key role in development of edible nuts market.

Market Forecast

Globally the edible nuts market is mainly driven by increasing consumer knowledge about health benefits of edible nuts in quality diet is driving the market growth. Consumers from developed countries are getting attracted towards healthy snacks made by using edible nuts which is influencing the demand of edible nuts. Increasing purchasing power of middle class population in developing countries is supporting the sales of edible nuts. Rising promotional activities by manufacturers about health benefits of edible nuts is also boosting the edible nuts market growth. Innovation in packaging and expansion of distribution channels from manufacturers is also contributing to increase popularity of edible nuts among consumer.

These factors will play a key role in the growth of edible nuts market at the CAGR of 5.60% from 2023 to 2032.

By Application analysis

Edible nuts are largely used for used as an ingredient in various food items. Almond and cashew nuts are most popular edible nuts in snacks and flavored drinks. Cashew nuts are a healthy food for heart patients due to its high level of monounsaturated fatty acids which helps in maintaining cholesterol level. Some edible nuts like almond are used in various cosmetics and personal care products as it contains anti-aging properties and nutrients to cure dry skin, acne, dark circle etc. Many RTE (Ready to Eat meals) manufactures are adding variety of edible nuts in their product to increase its nutrient value. Powder form of edible nuts is more popular for flavored drinks and dairy products application.

Competitive analysis-

The major key players in edible nuts market are

Key manufactures of edible nuts products are focusing to improve harvesting techniques, packaging and distribution network. Edible nuts market is highly intense by local players which is a major challenge for key manufacturers of edible nuts in world.

Regional Analysis

The global edible nuts market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Among this Asia Pacific region is dominating the edible nuts market. California is the leading producer of almonds in the world whereas Vietnam, Nigeria and India are major producers of cashew nuts. European countries like Turkey, Italy and Georgia are contributes more in hazel nuts production compare to other regions in the world.

Market Segmentation-

Global edible nuts market is segmented by product type, form, application and region.

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