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Nut Products Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCG21644

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Published on

January 2022

Total pages

227

Table of Content

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About the Report

About the Report

The nut is a type of fruit that consists of a hard or tough nutshell protecting a kernel that is usually edible. The product derived from various nuts is known as nut products that include nut butter, nut paste, nut flour, and others.

A rising prevalence of cardiovascular disease coupled with the surging problem related to the immune system is leading to the growing demand for various nuts and their products as people are becoming more health-conscious and are focusing more on healthy snacking. As per the World Health Organization, cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. An estimated 17.9 million people died from CVDs in 2019, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Thus, in order to maintain good heart and brain health consumers are consuming nuts more frequently as they are a good source of saturated fats.

Furthermore, whether for health reasons, climate change, or animal welfare, vegan statistics continues to spike around the world. In 2021, the total number of vegans worldwide amounts to about 79 million. Around 9.7 million people follow a vegetarian-based diet in the US. Therefore, there has been growing traction of nuts and their products among vegans as nuts are considered as a good alternative for fish and eggs for fulfilling calcium and vitamin B12 needs. Additionally, the increasing use of raw nuts and nutmeals in cooking and blends in savouries have also attracted a lot of major players in the market along with new product development as strategic approaches by most of the leading companies which in turn is boosting the nut product market globally.

Based on product type, the market is segmented into nut butters, nut pastes/marzipan pastes, nut fillings with cocoa, nut fillings without cocoa, caramelized nuts, and nut flours. The nut paste segment generated revenue of USD XX million in 2020. The market is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027.

Based on nut type, the market is segmented into almonds, hazelnuts, walnuts, cashew, peanuts, pine nuts, Brazil nuts, pistachios, and others. The almonds segment grabbed XX% market share of the nut products market and gathered revenue of USD XX million in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027.

Based on the application, the market is fragmented into industrial food manufacturers and food service & bakeries. The industrial food manufacturers segment captured XX% market share in 2020. The market of this segment is expected to reach USD XX million by 2027.

For a better understanding of the market adoption of the nut products, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe constitutes a major market for the nut products industry and generated revenue of USD XX Million in 2020 owing to the presence of well-established market players and growing demand for various nuts in the region.

Some of the major players operating in the market are Kerry Group, Olam International, Barry Callebaut, Blue Diamond Growers, Treehouse Almonds, Royal Nut Company, Zentis GmbH & Co. KG, Mount Franklin Foods, Lubeca, Besana, among others. Several M&A's along with partnerships have been undertaken by these players to develop new products.

The Global Nut Products Market was valued at USD XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021 to 2027. The Nut Products market is expected to witness a boost, owing to the growing awareness among the consumers regarding the health benefits of nuts and the increasing vegan population.

Products


Companies

Kerry Group, Olam International, Barry Callebaut, Blue Diamond Growers, Treehouse Almonds, Royal Nut Company, Zentis GmbH & Co. KG, Mount Franklin Foods, Lubeca, Besana

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1 Market Definitions

1.2 Objective of the Study

1.3 Limitation

1.4 Stake Holders

1.5 Currency Used in Report

1.6 Scope of the Global Nut Products Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 Research Methodology for the Global Nut Products Market

2.1.1 Main Objective of the Global Nut Products Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL NUT PRODUCTS MARKET REVENUE

7 MARKET INSIGHTS BY PRODUCT TYPE

7.1 Nut Butters

7.2 Nut Pastes/ Marzipan Pastes

7.3 Nut Fillings With Cocoa

7.4 Nut Fillings Without Cocoa

7.5 Caramelized Nuts

7.6 Nut Flours

8 MARKET INSIGHTS BY NUT TYPE

8.1 Almonds

8.2 Hazelnuts

8.3 Walnuts

8.4 Cashew

8.5 Peanuts

8.6 Pine Nuts

8.7 Brazil Nuts

8.8 Pistachios

8.9 Others

9 MARKET INSIGHTS BY APPLICATION

9.1 Industrial Food Manufacturers

9.2 Food Service & Bakeries

10 MARKET INSIGHTS BY REGION

10.1 NORTH AMERICA NUT PRODUCTS MARKET

10.1.1 United States

10.1.2 Canada

10.1.3 Rest of North America

10.2 EUROPE NUT PRODUCTS MARKET

10.2.1 Germany

10.2.2 France

10.2.3 United Kingdom

10.2.4 Spain

10.2.5 Italy

10.2.6 Rest of Europe

10.3 ASIA PACIFIC NUT PRODUCTS MARKET

10.3.1 China

10.3.2 Japan

10.3.3 India

10.3.4 Australia

10.3.5 Rest of Asia Pacific

10.4 REST OF THE WORLD NUT PRODUCTS MARKET

11 NUT PRODUCTS MARKET DYNAMICS

11.1 Market Drivers

11.2 Market Challenges

11.3 Impact Analysis

12 NUT PRODUCTS MARKET OPPORTUNITIES

13 NUT PRODUCTS MARKET TRENDS & INSIGHTS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1 Demand Side Analysis

15.2 Supply Side Analysis

15.2.1 Top Product Launches

15.2.2 Top Business Partnerships

15.2.3 Top Merger & Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1 Porter's Five forces analysis

17.1.1 Bargaining power of Supplier

17.1.2 Bargaining power of Buyer

17.1.3 Industry Rivalry

17.1.4 Availability of Substitute

17.1.5 Threat of new Entrants

18 COMPANY PROFILED

18.1 Kerry Group

18.1.1 Key Facts

18.1.2 Business Description

18.1.3 Key Product/Services Offerings

18.1.4 Growth Strategy

18.1.5 SWOT Analysis

18.1.6 Key Financials

18.1.6.1 Revenue Split

18.1.6.2 Financial Overview of Kerry Group

18.1.7 Recent Developments

18.1.7.1 Product Launch

18.1.7.2 Partnerships

18.1.7.3 Business Expansion and Investments

18.1.7.4 Merger and Acquisition

18.2 Olam International

18.3 Barry Callebaut

18.4 Blue Diamond Growers

18.5 Treehouse Almonds

18.6 Royal Nut Company

18.7 Zentis GmbH & Co. KG

18.8 Mount Franklin Foods

18.9 Lubeca

18.10 Besana

19 DISCLAIMER

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