Global Tree Nuts Market Ascends at a Noteworthy CAGR of 11.38%

Introduction

The global tree nuts market was valued at USD 42.43 billion in 2021 and is projected to reach USD 112 billion by 2030, registering a CAGR of 11.38% from 2022 to 2030.

Market Synopsis

Tree nuts are delectable dried seeds or fruits produced by leafless woody plants. Nuts are rich in high-quality vegetable proteins, fibre, unsaturated fatty acids, as well as vitamins and minerals, such as vitamin E and magnesium. To satisfy the rising need of the millennial generation, market businesses are introducing novel and inventive snacks. Numerous health benefits conferred by tree nuts increase their popularity among consumers. The market is fuelled by millennials' growing preference for vegan cuisine. The global market for tree nuts is anticipated to expand due to the health benefits of these nuts. Millennials' growing preference for tree nuts as a snack is a positive development for the industry. Globally, the purchasing power of millennials is rising, which is projected to contribute to the rise of the industry.

The rise in the occurrence of cardiovascular diseases

Globally, the incidence of cardiovascular disease has increased significantly over the past several years, creating a demand for diagnostic and therapy solutions. According to a study by the Centers for Disease Control and Prevention, roughly 18.2 million persons between the ages of 20 and 70, or approximately 6.7% of the entire U.S. population, may have coronary artery disease in 2019.

As tree nuts aid in controlling cholesterol levels, lowering blood pressure, and promoting heart health, the health-conscious populace is increasingly consuming them, hence boosting global market demand.

Growing incidents of allergies and high volatility in the cost

Increasing instances of tree nut-related allergies, such as abdominal cramps, itching in the throat and mouth, nausea, shortness of breath, runny nose, difficulty swallowing, and many more, are impeding global sales.

In addition, the high volatility of tree nut prices and the increasing availability of low-cost substitutes such as hemp seeds, sunflower seeds, sesame seeds, and others are expected to constrain the expansion of the nuts tree market.

Health advantages associated with tree nuts

The numerous health benefits of tree nuts and the demand for handy, portable snacking options can contribute to their rising global consumption. The health benefits connected with tree nuts are one of the most important elements fostering industry growth. Pistachios, almonds, and cashews are examples of tree nuts that can complement the nutritional and protein requirements of the human body. These factors are anticipated to contribute to a rise in tree nut consumption, resulting in a market increase. The increasing usage of tree nut oils in cosmetics is one of the market's most significant advances. Nuts are an excellent source of nourishment for the skin and hair, as well as a remedy for discomfort and dark circles. Due to the presence of antioxidants, it efficiently reduces wrinkles and guards against skin damage. Because they help the skin retain moisture and fight ageing, tree nut oils are frequently found in anti-aging cosmetics.

Regional Analysis

The market is split by region into North America, Europe, Asia-Pacific, and LAMEA.

In 2021, Europe led the market and accounted for more than 30.0%. European consumers are transitioning from conventional to organic items. European consumers' increasing preference for healthful and nutrient-rich snacks and meals continues to fuel the demand for nuts, trees, and ground.

The largest consumer of tree nuts is Germany. From 2001 to 2020, Americans consumed an average of two pounds of almonds per capita, an increase of more than 50 percent over the previous decade. As a result of consumers' awareness of organic products, the United States consumes more healthy products than other countries.

Nuts are strong in protein and have grown in popularity among Americans while conventional sources of protein, such as red meat, have declined in popularity. Due to their self-sufficiency in production and wide availability through both on- and off-trade distribution channels, nuts are widely available to consumers.

Key Highlights

• The global tree nuts market was valued at USD 42.43 billion in 2021 and is projected to reach USD 112 billion by 2030, registering a CAGR of 11.38% from 2022 to 2030.
• The almonds segment dominated the market and accounted for over 30.0e of the global revenue in 2021.
• The online segment dominated the market and accounted for over 50.0% of the global revenue in 2021.
• Europe dominated the market in 2021, and Germany is the largest consumer of tree nuts

Competitive Players

1. Golden Peanut Company, LLC
2. Sun Valley Nut LLC
3. Felix GmbH & Co. KG
4. Poindexter Nut Company, Inc.
5. Summit Premium Tree Nuts
6. Plantabul Ltd.
7. Tree Nuts International
8. Hines Nut Company

Recent Developments

• April 2024 - The PLANTERS® Brand Team Launched PLANTERS® Nut Duos Snacks, a New Flavor-Forward Innovation in Snack Nuts. The newest PLANTERS® product offering offers the perfect snack: two different kinds of nuts and two distinct flavors combine to provide a thrilling texture and flavor experience in a single bag.

Segmentation

1. By Product Type
   1. Raw
   2. Processed
   3. By Nature:
   4. Organic
   5. Conventional
2. By Variety
   1. Almonds
   2. Cashews
   3. Pecans
   4. Pistachio
   5. Walnuts
   6. Hazel Nuts
   7. Mixed Nuts
3. By End Use
   1. Food and Beverage Processing
   2. Bakery & Confectionery
   3. Ice-creams and Desserts
   4. Breakfast Solutions
   5. Milkshakes and Other Beverages
   6. Functional Foods
   7. Foodservice/ Hotels/Restaurants/Café
   8. Household
4. By Sales Channel
   1. Direct Sales
   2. Indirect Sales
   3. Hypermarkets/ Supermarkets
   4. Wholesalers
   5. Convenience Stores
   6. Specialty Stores
   7. Online Retailers