Shelled Pistachio Market Expected to Reach $3.3 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Shelled Pistachio Market," The shelled pistachio market was valued at $1.6 billion in 2022, and is estimated to reach $3.3 billion by 2032, growing at a CAGR of 7.3% from 2023 to 2032.

The Shelled Pistachio Market is embarking on an impressive global journey, its influence stretching across the horizons of vibrant economies like Brazil and India, as well as the well-established strongholds of the U.S. and Europe. The fervor surrounding pistachio-infused creations, spanning from the inviting pistachio butter to the delightful geographies of ice creams and confectionery marvels, has acted as a dynamic force, propelling shelled pistachio market into a new era marked by global resonance and enthusiastic demand.

It's worth noting that specific data detailing the current appetite for shelled pistachios might showcase nuanced fluctuations. Thus, a prudent approach would involve turning to contemporary market analyses or seeking insights from seasoned industry experts to gain a comprehensive understanding of the evolving currents within the shelled pistachio market. The manufacturers are intensively focussing on new product launches to cater to the shelled pistachio market opportunities.

The clamor for shelled pistachio market trends harmonizes with the rapid pace of modern life, offering a flavorful symphony that accompanies breakfast rituals and midday munching. These green treasures emerge as perfect companions to a well-rounded, wholesome diet, often endorsed by nutrition experts to satisfy evening cravings. Yet, akin to any symphony, an excessive increase brings its own discord – indulging excessively in shelled pistachios can lead to discomforts like constipation, bloating, allergies, and digestive disturbances. In regions spanning from India and South Korea to Japan and Russia, shelled pistachios are lovingly cultivated. Their versatility shines as they seamlessly blend with vegetables, provide a popcorn-like snack experience, and transform into nourishing porridge. Packed with essential nutrients and medicinal properties, these precious gems enrich daily diets with an array of vitamins, minerals, and dietary fiber. Notably, the commercial cultivation of shelled pistachios remains a rarity, thriving primarily in Bihar and select corners of eastern India. Furthermore, this cherished crop finds its natural habitat in Indian territories such as Madhya Pradesh, Rajasthan, Jammu & Kashmir, Tripura, and Manipur.

The global shelled pistachio industry is divided across dimensions of type, flavor, distribution channel, and geography. The type categorizes the market into regular and roasted variants, while flavor unveils a spectrum encompassing plain and salted options. Distribution channels span a wide range, including supermarkets, hypermarkets, specialty stores, convenience stores, and online platforms, among others. In this symphony, the online sales channel takes center stage as the virtuoso, poised to increase with the highest CAGR during the forecast period. This significant surge is due to  the popularity of internet connectivity and the planning of smartphones and tablets. As of 2021, the Asia-Pacific region led a notable increase, capturing 34.8% of the global shelled pistachio market share, and is set to maintain its prominent position throughout the shelled pistachio market forecast. However, it's the North American and European stages that are expected to witness the most dramatic increases, fueled by the resounding echoes of health consciousness and the unwavering acclaim for shelled pistachio market growth within these geographies.

The global shelled pistachio market size is segmented into type, flavor, distribution channel, and region. On the basis of type, the market is classified as regular & roasted. Depending on flavor, the market is bifurcated into plain and salted. As per distribution channel, the market is categorized into supermarkets & hypermarkets, specialty stores, convenience stores, online stores, and others. The online sales channel segment is anticipated to grow at highest CAGR during the forecast period, due to rise in internet penetration and usage of smartphones & tablets. In 2021, Asia-Pacific accounted for 34.8% in the global shelled pistachios market, and is expected to maintain its dominance during the forecast period. However, North America and Europe are expected to possess the highest CAGRs, owing to rise in health concerns among people and increase in shelled pistachio market demand in these regions.

Region wise, shelled pistachio market analysis covers North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, and rest of LAMEA). The key players profiled in this report are The Wonderful Company LLC., Fiddyment Farms, Inc., Bella Viva Orchards, Braga Organic Farms, Aydin Kuruyemis Industry and Trade Inc., RM Curtis and Co Ltd., Olam Group, Primex Farms, LLC, Horizon Nut Company, LLC, and Nichols Farms.