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World - Nuts - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

World - Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jan 12, 2023

Growing Popularity of Veganism is Driving Global Nut Demand

Nut Market Overview

The world nut market is expected to reach a value of USD 92.4 billion by 2030, up from USD 66.6 billion in 2022, growing at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. A significant increase in global demand for nuts in the near term is due to the fact that consumers are becoming more health conscious, and the popularity of veganism is growing.

Global nut market growth is driven by several factors:

1) Increasing health consciousness among consumers: Nuts are a rich source of vitamins, minerals, and antioxidants, and have been linked with numerous health benefits, such as improved heart health, reduced risk of cancer, and better cognitive function. Consumers are becoming increasingly aware of the health benefits of nuts and this is driving demand for nuts as a healthy snack option.

2) Rising disposable incomes: As incomes rise, especially in emerging markets, consumers are able to spend more on premium snacks like nuts. This growth is driven by rising disposable incomes, which has led to an increase in the demand for premium and healthy snacks.

3) Growing popularity of plant-based diets: More people are adopting plant-based diets for health and environmental reasons, and this is increasing demand for products like nuts that are seen as more environmentally friendly than animal-based products. Nuts are an excellent source of plant-based protein and offer a variety of other nutrients that make them a healthy option for vegans and vegetarians.

4) Increasing demand from the food and beverage industry: The food and beverage industry is using more nuts in its products due to the growing popularity of plant-based diets and the trend for healthy snacking.

5) Finally, the growing number of countries with a taste for nuts is also driving the nut industry forward. As more and more people around the world develop a taste for these nutritious snacks, the demand for nuts is likely to continue to grow.

The players in the global nut market are Mars Inc., The Hershey Company, Mondelez International, Ferrero Rocher, Lindt & Sprüngli, Nestlé, See's Candies, Ghirardelli Chocolate Company, Godiva Chocolatier, TCHO Ventures LLC., Rocky Mountain Chocolate Factory Inc., Ashers Chocolates Ltd., Archer Daniels Midland Company, B&G Foods, Inc., Cargill, Inc., Diamond Foods, Inc., General Mills, Inc., Ingredion Incorporated, Kellogg Company, Kraft Heinz Company, Inc., Nestle SA, Tyson Foods.

Nut industry challenges

The global nut industry is facing a number of challenges. One challenge is the increasing cost of raw materials. This is due to the fact that many nuts, such as almonds and cashews, are grown in developing countries where labor costs are relatively low. However, as these countries develop and their citizens' incomes rise, the cost of raw materials will also increase.

Another challenge facing the nut industry is increased competition from other snack food manufacturers. As health-conscious consumers become more aware of the nutritional benefits of nuts, they are increasingly incorporating them into their diets. This has led to increased competition from companies that manufacture other types of snacks, such as granola bars and fruit snacks.

Finally, the nut industry is also facing challenges posed by changing consumer tastes. As consumers become more adventurous in their food choices, they are increasingly seeking out new and exotic flavors of nuts. This trend presents both opportunities and challenges for nut companies, as they must continually innovate to keep up with consumer demand.

Most popular nuts globally

There are a few contenders for the title of most popular nut globally, but it is generally agreed that the top three are peanuts, almonds, and pistachios. Other nuts that are consumed on a smaller scale include cashews, hazelnuts, macadamia nuts, and pecans.

Peanuts are native to South America but they are by far the most widely cultivated and consumed nut in the world, with China being the largest producer. Peanuts are used in a variety of dishes, including peanut butter and jelly sandwiches, stir-fries, and desserts.

Almonds are the second most popular type of nut in the world. They originated in Central Asia but are now grown extensively in California. Almonds are often used as a topping on salads or baked goods. They can also be made into almond milk or used to make almond butter. The United States is the leading producer, followed by Spain.

Pistachios are native to Iran and Turkey but are now grown in many other countries as well. Pistachios are often eaten as a snack food or used as a garnish on desserts or savory dishes.

While all three of these nuts are popular globally, there are some regional preferences. For example, in Europe and North America, peanuts are more popular than almonds or cashews. In Asia, however, almonds and cashews are more popular than peanuts. And in Africa and South America, all three nuts are equally popular.

So what makes these nuts so popular? Peanuts are relatively inexpensive and have a long shelf life. They're also versatile - they can be used in sweet or savory dishes, or simply eaten on their own as a snack. Almonds are high in protein and fiber, and low in calories. They're also a good source of healthy fats and vitamins E and B2. Cashews are lower in fat than other nuts, and they have a milder flavor that is often preferred in sweet dishes.

Organic nut farming

Organic nut farming is a rapidly growing sector of the global nut industry. The demand for organic nuts has been rising steadily in recent years, driven by consumer concerns about the health and environmental impact of conventional nut farming practices.

Organic nut farmers use a variety of sustainable production methods to minimize the impact of their operations on the environment. These methods include using organic fertilizers, minimizing pesticide and herbicide use, and selecting crop varieties that are adapted to local conditions.

The organic nut market is still relatively small compared to the overall nut market, but it is growing rapidly. There are a number of challenges facing the growth of the organic nut market, including volatile prices for raw materials, a limited supply of certified organic land, and strict regulations governing organic production. However, the long-term outlook for the sector remains positive as consumers continue to seek out products that are produced sustainably and with minimal environmental impact.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global nuts market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 221 - Almonds
  • FCL 223 - Pistachios
  • FCL 222 - Walnuts
  • FCL 220 - Chestnuts
  • FCL 217 - Cashew nuts
  • FCL 225 - Hazelnuts (Filberts)
  • FCL 216 - Brazil nuts
  • FCL 234 - Nuts nes
  • FCL 224 - Kolanuts
  • FCL 226 - Areca nuts

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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