Edible Nuts Market - by Product Type (Almonds, Hazelnuts, Cashew Nuts, Pistachios and Walnuts), Form (Whole), Application (Bakery and Confectionery, Breakfast Cereals, Snacks) and Region – Forecast to 2022
Pune, India -- (SBWIRE) -- 03/23/2018 -- Market Overview:
Global Edible Nuts Market is expected to grow at the CAGR of 4.5%. Increasing usage of edible nuts as an ingredient in various food is driving the growth of edible nuts market. Rising awareness towards health benefits associated with consumption of edible nuts is supporting the market growth. Increasing incidences of heart diseases and diabetes has triggered the rise in consumption of edible nuts in hectic lifestyle as it contains essential minerals and vitamins. Growing use of edible nuts in personal care products is influencing the sales of edible nuts. Increasing popularity of confectionery products with edible nuts especially chocolates is boosting the demand edible nuts in confectionery products.
Improving harvesting techniques and distribution networks are supporting the edible nuts market from last few years. Changing attitude of consumers towards organic food products is influencing demand for organic edible nuts as an essential part of healthy diet. Consumers are accepting edible nuts as a true health food due to its anti-aging and weight control properties.
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Cashew nuts are beneficial for heart patients due to its high level of monounsaturated fatty acids and helps in maintaining cholesterol level in body which driving demand for cashew nuts in heart patients. Introduction of innovative packaging from manufacturers is attracting the consumers towards edible nuts. Many dairy products manufacturers are using edible nuts as an essential ingredients in their product which boosting the demand for high quality edible nuts in the market.
Top Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major edible nuts market players. It further includes product portfolios, developments of leading major players which includes
Archer Daniels Midland (U.S.)
Select Harvests (Australia)
GNC Global Nut Company AG (Switzerland)
Water Ford Nut Company (U.S.)
Olam International (Singapore)
Diamond Foods, Inc. (U.S.)
Mariani Nut Company (U.S.) and
Blue Diamond Growers (U.S.)
Edible nuts market is highly intense due to presence of local vendors in all across the world. The high acceptance of edible nuts among end-users has encouraged the entry of new vendors in the market.
Regional Analysis:
The global edible nuts market is spread across North America, Europe, Asia Pacific as well as Rest of the World (RoW). Among this Asia Pacific has the major market share followed by North America. Increasing disposable income and awareness about health benefits of edible nuts supporting the market growth in Asia Pacific region. North America region is largest producer of almonds where Asia Pacific region has major contribution in cashew nuts production in the world. European countries are leading producers of hazel nuts followed by North America.
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Key Findings:
Edible nut market in Asia Pacific region is growing faster than market in North America.
In North America the demand for edible nuts by the food segment is increasing
Segments:
Edible nuts market has been segmented on the basis of product type which comprises of almonds, hazelnuts, cashew nuts, pistachios, walnuts, peanuts, macadamia, Brazil nuts and others. On the basis of form, the market is segmented into whole, roasted, powder, splits and others. On basis of application, market is divided into bakery and confectionery, breakfast cereals, snacks, flavored drinks, dairy products, butter and spreads and others.
The edible nuts market is segmented under the following regions mentioned below:
North America
- U.S.
- Canada
- Europe
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
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Asia-Pacific
- China
- India
- Australia
- Singapore
- Rest of Asia Pacific
Rest of the world
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- Others