According to the global macadamia market report by IMARC Group, the market reached a value of US$ 1.53 Billion in 2021, and it is projected to reach a value of US$ 2.78 Billion by 2027, exhibiting a CAGR of 10.10% during 2022-2027.
What is Macadamia? How Big is Macadamia Market?
Macadamia refers to hard-shelled white edible nut, a genus of four species of Australia’s indigenous trees. Its three commercially essential species include macadamia ternifolia, integrifolia, and tetraphylla. It assists in managing weight, improving gut health, and reducing the risk of metabolic syndromes, including type 2 diabetes, cholesterol, blood sugar, and heart ailments. It is a rich source of protein, fiber, antioxidants, and vitamins. It can be cooked with, directly eaten, and processed into numerous products for various industrial sectors. At present, macadamia is widely available in different types, such as raw, coated, and roasted, in the market.
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Macadamia Market Trends and Drivers:
The global macadamia market is primarily driven by the increasing awareness regarding its nutritional properties and the rising health consciousness among consumers. Moreover, several favorable initiatives by governments of various countries to support trade in the agriculture sector using innovative methodologies and enhance macadamia production are positively influencing market growth.
Besides this, the launch of macadamia in exotic flavors, such as honey-roasted, roasted, salted, wasabi-flavored, and chocolate-coated, by key players to expand their product portfolio is another major growth-inducing factor. Additionally, the increasing use of macadamia for manufacturing foods and confectionery items, including biscuits, pastries, and ice creams, has catalyzed market growth.
Furthermore, the surging adoption of cold pressed macadamia to produce oil for the formulation of various cosmetic and skincare products has augmented the product demand. Other factors, including the increasing demand for healthy snacks, rising adoption of healthy lifestyles, and inflating consumer disposable incomes, are also anticipated to create a favorable market outlook.
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Macadamia Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 1.53 Billion |
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Market forecast in 2027 |
US$ 2.78 Billion |
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Growth Rate |
CAGR of 10.10% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
Global Macadamia Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Macadamia Companies :
Archer-Daniels-Midland Company (NYSE: ADM)
Golden Macadamias (Golden Macadamias)
Hamakua Macadamia Nut Company
Health and Plant Protein Group Limited (ASX: HPP)
Ivory Macadamias
Kenya Nut Company Ltd.
Macadamia Processing Company
Mauna Loa Macadamia Nut Corporation
Mayo Macs, MWT Foods
Nambucca Macnuts Pty Ltd.
Royal Macadamia (Pty) Ltd.
Wondaree Macadamia Nuts
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/macadamia-market
The report has segmented the market on the basis of region, nature, form, distribution channel and industry vertical.
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Raw
- Roasted
- Coated
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Industry Vertical:
- Food and Beverages
- Cosmetics
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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