Edible Nuts Market to expand at a CAGR of 5.0% in terms of value through 2015 - 2025
Posted: Jul 04, 2017
Edible nuts is a hard-shelled seed, which consists of an edible kernel. Consumption of nuts has been observed to have a positive impact on human health. Moderate consumption of nuts is known to help reduce the incidence rate of coronary heart diseases, diabetes and gallstones in both males and females. In addition, consumption of nuts is also known to reduce cholesterol levels and incidences of cancer, hypertension, and inflammation. Moreover, nut consumption has been observed to help keep blood pressure, metabolic syndrome and visceral adiposity in control. Owing to these factors, consumption of edible nuts among consumers across the world has been on the rise, in view of overcoming the rising number of health issues and for maintaining overall good health.
Market Value and Volume Forecast
The global edible nuts market is anticipated to expand at a CAGR of over 5.0% in terms of value and 3.1%, in terms of volume, during the forecast period. Factors such as increasing urge of the consumers for living a healthy lifestyle, coupled with increased usage of edible nuts as an ingredient by various food industries such as bakery & confectionery, diary, snacks and others, is fueling the market growth across the globe. Currently, the major trends witnessed in the global edible nuts market are: increased consumption of nut based spreads and shifting consumer preference towards plant based beverages.
Segmentation, by Product Type
The edible nuts market is segmented based on product type into: almonds, cashewnuts, hazelnuts, peanuts, pistachios & walnuts. In 2014, of these segments, the peanuts segment dominated the market in terms of volume, and it expected to remain dominant over the forecast period. Meanwhile, the almonds segment is expected to expand at the highest CAGR in terms of value during the forecast period.
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Production Scenario, by Product Type
This report provides information about the production scenario related to each product type segment. This production scenario has been analyzed on the basis of major countries producing each product. In 2014, the U.S. was the largest producer of almonds. However, the almonds segment in the market in Australia is expected to expand at a CAGR of 8.4% over the forecast period.
Segmentation, by Usage
In this report, the edible nuts market is segmented on the basis of usage into: bakery & confectionery, flavored drinks, breakfast cereals, snacks, butter & spread, dairy products, and others. In 2014, among all these segments, the bakery & confectionery segment occupied the largest value share of the market.
Segmentation, by Form
On the basis of form, the global edible nuts market is segmented into whole, powder, roasted, and splits segments. Among these segments, the whole segment dominated the overall market in terms of value, in 2014 and is expected to expand at a CAGR of 4.5% over the forecast period.
On the basis of geography, the global edible nuts market is segmented into seven major regions – North America, Western Europe, Asia-Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and the Middle East & Africa (MEA). Of all these regions, Western Europe market is expected to show favorable growth in terms of volume consumption over the forecast period. In terms of value, the Japan market is expected to account for a major share of the market for edible nuts over the forecast period.
Some of the key players identified in the global edible nuts market are Diamond Foods, Inc., Archer Daniels Midland Company, Olam International Ltd., Blue Diamond Growers, Mariani Nut Company, Select Harvests Limited, GNC Global Nut Company AG, Waterford Nut Co., Farm Breeze International LLC., and Just Almonds Inc.
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