Global Market Analysis of Nut Ingredients Market
The global nut ingredients market is expected to reach USD 31.40 billion by 2025, from USD 20.30 billion in 2017 growing at a CAGR of 5.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition
This market report defines the market trends and forecast the upcoming opportunities and threats of the global nut ingredients market in the next 8 years. Nuts are the dense nutrient foods, rich in unsaturated fatty and other bioactive compounds like high-quality vegetable protein, fibre, minerals, tocopherols, phytosterols, and phenolic compounds. Owing to their unique composition, nuts are expected to beneficially affect health outcomes. Nuts contain adequate amount of protein and are a proper sources of minerals like iron and zinc. They are also rich in the mineral magnesium, which improves memory function. Epidemiologic studies have suggested that nut consumption is associated with a reduced occurrence of coronary heart disease, gallstones in both genders, and diabetes in women.
In 2017, INC World Nut and Dried Fruit Congress (International Nut and Dried Fruit Council) have estimated production of nut and dried fruit for the year 2017 and 2018. Total dried fruit production has been forecasted to reach 3 million MT (million ton) and 20% growth over the previous 10 years average. It can be observed from the previous season that the dried apricots have registered the supreme growth, 35% increase compared to 2016 and 2017, which accounted to 229,500 MT, Turkey is the leading producer with 63% in the global market. Sweetened dried cranberries are also predicted to escalate their market by 10%, which is 200, 300 MT, and 79% produced by the USA. Total nut and dried fruit production has been forecasted to keep rising by the resources of new planting areas globally in the year 2018. The farming area for almond bearing in acres is noted to be increasing in California and Spain, and Australia is supposed to have 15,000 additional hectares to in 2018 (according to the Almond Board of Australia). Plantations in South Africa have also been expanded about 3,500 additional hectares in 2016, and China is also planning to reach over 333,000 hectare by 2020.
This Report Consists of –
- No of pages: 350, No of Figures: 60, No of Tables: 220
Global Nut Ingredients Market, By Type { Almonds, Hazelnuts, Walnuts, Cashews, Others (Artificial Nuts, Beechnuts, Chestnuts, And Chinquapin Nuts)}, By Application { Confectioneries, Dairy products, Bakery products, Snacks & Bars, Desserts, Cereals, Beverages, Others ( Salads & Sauces)}, By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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Frequently Asked Questions?
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in theGlobal Nut Ingredients Market?
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Major Market Drivers & Market Restraint of Nut Ingredients Market
- Health & wellness trend and growing focus on preventive healthcare
- Launch of innovative healthier products
- Associations & organizations promoting nut ingredients industry
- Technological developments enabling trade of raw material
- Allergies to nut ingredients
- Increasing costs of raw material
Global Market Segmentation of Nut Ingredients Market
The global nut ingredients market is segmented based on type, end user, application, distribution channel, and geographical segments.
Based on types, the global nut ingredients market is segmented into
- almonds,
- hazelnuts,
- walnuts,
- cashews and others
The others segment consists of artificial nuts, beechnuts, chestnuts and chinquapin nuts.
On the basis of application, the global nut ingredients market is classified into
- confectioneries,
- dairy products,
- bakery products,
- snacks & bars,
- desserts,
- cereals,
- beverages and others (salads & sauces)
Based on geography, the global nut ingredients market report covers data points for 28 countries across multiple geographies namely
- North America & South America,
- Europe,
- Asia-Pacific and,
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Competitive Analysis
The global nut ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nut ingredients market for global, Europe, North America, Asia Pacific and South America.
Top Competitors of Market
- Mondelēz International,
- Mars,Incorporated and its Affiliates,
- Jaylon Impex India Pvt. Ltd,
- HPS GENERAL TRADING,
- THE HERSHEY COMPANY,
- Kanegrade Ltd.,
- Kerry Group,
- Barry Callebaut,
- Archer Daniels Midland Company,
- fructidor and Arla Foods Ingredients Group P/S,
- freshplaza,
- LA BATURRICA,
- tous droits réservés,
- hpm Warenhandelsagentur OHG,
- bioproductgroup,
- PAL FROZEN FOODS
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