The nut ingredients market is experiencing a significant growth, and will grow considerably in next few years. Nuts are type of oily kernels which are present within a shell of the fruit and can be utilized in various food products worldwide. Mostly seeds are taken from various fruits that are not present in the shell of the fruit such as hazelnuts, chestnuts, and others, that has hard shell walls and are originated from compound ovary of the fruit. Nut ingredients are comprised of nuts such as hazelnut, almond, cashew, walnuts, pecans, peanuts, Pine nuts, soy nuts, sunflower nuts, and others. Nut’s ingredients are very useful in product formulations, and hence they are considered a preferred choice for food manufacturers.
COVID-19 Impact analysis
- The shutdown of economies across the globe due to COVID-19 pandemic resulted in low production and growth which resulted in stagnation in the Nut ingredients market.
- The demand for the healthier food and including the plant based nutritious butter in the food during the pandemic increased the demand for the Nut ingredients as people are inclined towards the healthy foods and snacks.
- However, the fact cannot be ignored that the lockdown during the COVID-19 resulted in low production and disruptions in supply chain of Nut ingredients market.
Top Impacting Factors
- The nut ingredients market driving factors are increasing demand for ready-to-eat snack foods coupled with convenience of foods. Increasing opportunities in snacks and confectionery industry is also another factor in driving the nut ingredients market along with rising number of varieties and flavors in nut ingredients snacks with introduction of variety of nuts such as walnut, almond, peanut, hazelnut, pecan and others.
- Growing focus on preventive health care and launching of healthier products with variety of nut ingredients is the major driving factor of the global nut ingredients market. Hence, the global nut ingredients market is expected to observe robust growth in the coming years.
- Many manufacturers are offering new product innovations with almonds along with all other food introductions with nuts such as cashew nut, peanuts, hazelnuts, and walnuts. The food categories in which nut ingredients are used includes bakery products, snacks & bars, beverages, cereals, confectioneries, desserts, and dairy products.
Market Trends
Choice of vegetarians
The product is a substitute for baked food containing protein. Most of the nuts have vitamin E and omega-3 fats which are a good substitute of meat, and are a preferred choice for vegetarians. As the vegan population is increasing, the great rise in the demand of the product can be witnessed. The deterring factor is the high number of calories and fats which are present in nut ingredients. The artificial flavors, allergies and sodium content can cause harm to the heart. The increasing obesity levels further add to the factors that hinder the growth of the market. Nevertheless, due to the global consumption of healthy foods, the market size of the product is expected to increase
Increase in investments by companies to promote preventive healthcare
The rapid increase in the investment by the major companies because of growing demand of low-calorie foods, and increase in the disposable income of individuals. This led to rapid increase in the growth of Nut Ingredients Market. Increase in the focus on preventive healthcare is also estimated to enhance the growth of the Nut Ingredients Market.
Key Benefits of the Report
- This study presents the analytical depiction of the Nut Ingredients industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Nut Ingredients market share.
- The current market is quantitatively analyzed to highlight the Natural Ingredients market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Nut Ingredients market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Report
- Who are the leading market players active in the Nut Ingredients market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is " Nut Ingredients " Market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the " Nut Ingredients " Market?
Key Market Segments
- By Type
- Hazelnut
- Peanut
- Almonds
- Soy
- By Application
- Extruded Snacks
- Crisps
- Tortillas
- By Forms
- By Region
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ROYAL NUT COMPANY
- Kanegrade Limited
- Helios Ingredients
- H.B.S. Foods Ltd.
- Archer Daniels Midland Company
- Bergin Friut and Nut Company
- Wenders and The Hershey Company
- Bredabest
- CACHE CREEK FOODS
- Terri Lynn, Inc.
- Olam International