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Nuts Market Trends

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

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Nuts Market Trends

The market for nuts is still expanding rapidly, owing to the rising need for natural and nutritious snack options. Nuts are becoming more popular among consumers as a convenient and high-protein substitute for common snacks. This trend has been further encouraged by increasing awareness of the nutritional advantages, particularly those of heart-healthy fats and antioxidants. In addition, the popularity of vegan and plant-based diets has fueled market demand as nuts have been used in a variety of dairy and meat substitutes.

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.