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Nuts Market Size

Report ID: GMI6817
Published Date: Sep 2023
Report Format: PDF

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Nuts Market Size

Nuts Market size was valued at USD 54.8 billion in 2022 and is estimated to witness 5.2% CAGR from 2023 to 2032. The rising health consciousness among consumers is a significant driver of revenue growth in the market. As people become increasingly aware of the nutritional advantages of nuts, such as their fiber, high protein, and healthy fat content, as well as minerals, vitamins, and antioxidants, they are incorporating nuts into their meals as a nutritious and convenient snack choice.

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Nuts have been linked to improved weight control, heart health, and general well-being, which is aligned with the health-conscious lifestyles. This trend has raised demand for a wide range of nuts and nut-based products, increasing the nuts market's revenue growth. Nuts are becoming widely recognized as a convenient and nutritious snack choice that is high in protein, vitamins, good fats, and minerals. Nuts are popular because they help customers achieve their goals for weight loss and heart health.

Nuts Market Report Attributes
Report Attribute	Details
Base Year:	2022
Nuts Market Size in 2022:	USD 54.8 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.2%
2032 Value Projection:	USD 91.2 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Material, Operation Type, Application, and Region
Growth Drivers:	Rising health consciousness Growing awareness of the risks associated with chronic diseases Rising demand for plant-based proteins
Pitfalls & Challenges:	Availability of alternatives Price volatility

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The availability of substitute snacks and nutritional options severely limits the growth of the nuts market's revenue. The need for more diverse and healthful snack alternatives, such as plant-based snacks, dried fruits, and other options high in protein, is putting pressure on the market. The market's potential for expansion may also be further constrained by consumer concerns about allergens and price sensitivity.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Nuts market size crossed USD 54.8 billion in 2022 and is set to reach USD 91.2 billion by the end of 2032, propelled by the rising health consciousness among consumers.

The almonds segment generated USD 15.06 billion in revenue in 2022, owing to the increasing awareness about the health benefits associated with the consumption of almonds.

U.S. market size was valued at USD 23.83 billion in 2022, driven by rising disposable incomes, and the growing consumer interest in plant-based diets.

Some of the leading companies in the market are Diamond Foods, Inc. John B. Sanfilippo & Son, Kraft Foods Inc., Olam International Ltd, Borges Agricultural & Industrial Nuts, Hines Nut Company, Mariani Nut Company, Emerald Nuts, Germack Pistachio Company, Hampton Farms, Inc.