The global edible nuts market size was evaluated at $90.81 billion in 2023 and is slated to hit $139.67 billion by the end of 2032 with a CAGR of nearly 4.9% between 2024 and 2032.
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Market for Edible Nuts: Growth Prospective Factors
High-quality fiber, minerals, vegetable protein, lipids, and vitamins found in edible nuts are absolutely essential for the human body to run as it should. These health advantages make edible nuts indispensable for human eating. The nutritional worth these nuts offer has helped to explain their increasing demand. The edible nuts market is being driven worldwide by consumers’ recent preference toward a healthy diet. Reducing cardiac diseases and gallbladder stones, stable blood pressure, and managed metabolic syndrome are only a few of the several health advantages of edible nuts.
The market for edible nuts is probably going to expand especially in the next years as their great nutritional worth makes them increasingly used in the international food sector. The main goods using edible nuts are morning cereals, confectionery and bakery goods. Additionally driving the edible nut business worldwide is this extensive list of uses for them.
Moreover, eating edible nuts aids in preventing diabetes, heart illnesses, obesity, and allergies, therefore they are a better choice for an aged population. The edible nuts market will be driven even more by increased health consciousness. This market has also been helped by growing knowledge of the advantages of healthy edible nuts together with their simple availability on online stores and offline retailers. Another driver for the edible nuts market is the increase in working young people together with their better living conditions.
Thus, the uses of edible nuts will always feed their need. These nuts’ nutritious worth also gives personal care products more worth. Although highly nutritious, the edible nuts shouldn’t be consumed excessively every day since the liver finds it difficult to break down huge amounts of them, thereby limiting the market expansion.
The analysis covers drivers and restraints of the edible nut market together with their influence on the demand over the next years. The paper also covers worldwide prospects present in the market for edible nuts.
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The Global Edible Nuts Market is segmented based on product, application and region
Global Edible Nuts Market: Product Segment Analysis
● Cashews
● Walnuts
● Almonds
● Chestnuts
● Pistachios
● Hazelnuts
● Brazil Nuts
● Others
Global Edible Nuts Market: Application Segment Analysis
● Bakery and Confectionery
● Flavored Drinks
● Breakfast Cereals
● Snacks
● Butter and Spread
● Dairy Products
● Others
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The Global Edible Nuts market profiles key players such as:
● Diamond Foods
● Olam International
● Waterford Nut
● Farm Breeze International
● Just Almonds
● Blue Diamond Growers
● Mariani Nut
● Select Harvests
● Global Nut
● Archer Daniels
Market for edible nuts: regional insights
The regional component comprises the past and projected demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
Along with being the fastest-growing industry worldwide, the Asia Pacific boasts among top areas for the edible nut market. Easy access to the labor-intensive gathering method required for edible nuts comes from the area. Most of the regional cuisines, particularly desserts, make use of edible nuts, which are easily adaptable to a wide spectrum of regional recipes and People’s desire in the area toward a good diet is also driving the Asia Pacific edible nuts market.
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