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Nuts Market Size - By Product (Almonds, Walnuts, Cashews, Pistachios, Peanuts, Pecans, Hazelnuts, Brazil Nuts, Macadamia Nuts), Form (Whole Nuts, Processed Nuts, Nut Butters, Chopped, Sliced, or Ground Nuts), Application & Global Forecast, 2023 – 2032

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

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.

Nuts Market

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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.

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.

COVID-19 Impact

The COVID-19 pandemic had an adverse impact on the market for nuts because it interrupted supply networks, creating logistical problems and raising the cost of producing and distributing nuts. Lockdowns, travel restrictions, and financial instability had an influence on consumer spending habits and decreased demand, notably in the foodservice industry, while also having an impact on the export of nuts. The operations and profitability of the sector were also impacted by changes in packaging and handling procedures brought on by hygiene and safety concerns.

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.

Nuts Market Analysis

Nuts Market Size, By Product, 2021 - 2032 (USD Billion)

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The nuts market from almonds segment held over USD 15.06 billion revenue in 2022. Almonds are excessive in nutrients, fiber, protein, and minerals. They're also low in calories and carbs. Almonds are related to several fitness benefits, inclusive of stroke, a lower threat of coronary heart disease, and type 2 diabetes. Almonds are a quick and easy snack to take on the run. They are also shelf-stable, which means they may be kept for long periods of time.

Global Nuts Market Size, By Form, 2021 - 2032 (USD Billion)

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The whole nuts market accounted for 56.2% of revenue share in 2022. The most common kind of nuts are whole nuts. Because they have undergone less processing and contain more nutrients, whole nuts are the healthiest type of nut. Additionally adaptable, whole nuts may be consumed on their own, as an ingredient in meals and snacks, or in baking and cooking.

The nuts market from snack foods segment is anticipated to grow at 6.1% CAGR through 2032. In the upcoming years, it's expected that nuts will gain in popularity as a snack item. The general public's increasing awareness of nuts' health advantages, the need for quick, nutritious snacks, and the fact that nuts have been utilized to prepare a range of snack food meals are all contributing reasons. Due to their convenience and health advantages, nuts are a preferred snack item.

 U.S. Nuts Market Revenue, 2021 - 2032 (USD Billion)

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U.S. nuts market size dominated around USD 23.83 billion in 2022, driven by rising disposable incomes and increased awareness of the health advantages of nuts. In North America, almonds, walnuts, and peanuts are the most widely consumed nuts. North American customers are becoming more health-conscious and are looking for healthy snack options.

Growing interest in plant-based diets and the perception of nuts as a natural, healthful source of protein have further enhanced their popularity. As consumers prioritize healthier snacking options, demand for nuts in the North American market is likely to remain high, with a rising emphasis on product diversification, premium and organic offerings, and sustainable sourcing to match evolving consumer preferences.

Nuts Market Share

Some of the major companies operating in the nuts 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.
  • Star Snacks Co.
  • LLC
  •  Sun-Maid Tropical Foods
  • Durak Findik
  •  Grower Direct Nut Co. Ltd

 These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Nuts Industry News:

  • In May 2022, VKC Nuts, announced the launch of ‘Bactopure’, The company's flagship brand, Nutraj, offers the first and only selection of pasteurized nuts and dried fruits in India.

This nuts market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Product

  • Almonds
  • Walnuts
  • Cashews
  • Pistachios
  • Peanuts
  • Pecans
  • Hazelnuts
  • Brazil Nuts
  • Macadamia Nuts
  • Others (e.g., pine nuts, chestnuts)

Market, By Form

  • Whole Nuts
  • Processed Nuts
  • Nut Butters
  • Chopped, Sliced, or Ground Nuts

Market, By Application

  • Snack Foods
  • Bakery and Confectionery
  • Cereals and Granola Bars
  • Nutritional and Health Foods
  • Cooking and Culinary Applications
  • Nut-Based Milk and Dairy Alternatives
  • Cosmetics and Personal Care
  • Industrial Use

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt


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.

Nuts Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 150
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