Consumers are increasingly inclining towards healthy and nutrient-rich food items to stay fit and stave off the risk of various diseases. Future Market Insights (FMI), in a new study finds this to be one of the chief drivers of the edible nuts market, which is forecast to surpass US$ 20.28 Bn by 2021. Growth will therefore be driven by consumers selecting snacks that are high in nutritive values.In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for edible nuts. The report tracks the global sales of edible nuts in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and edible nuts in particular. As the World Health Organization (WHO) recommends the inclusion of edible nuts as a part of a healthy diet in adults, consumers are now recognizing the importance of this functional food for health which is driving the growth of the global edible nuts market.
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With increasing awareness and the need to maintain a healthy lifestyle, consumers are adopting healthy eating habits by including healthy foods such as edible nuts, drinking more water, and including fruits in their diet. These small habits tend to make a large difference in the health and wellness of individuals. As the World Health Organization (WHO) recommends the inclusion of edible nuts as a part of a healthy diet in adults, consumers are now recognizing the importance of this functional food for health which is driving the growth of the global edible nuts market.
Key Takeaways from the Edible Nuts Market Study
- Exhibiting Y-o-Y growth at nearly 6.9% in 2021, the edible nuts market will continue exhibiting strong growth through the forecast period
- The U.S. has emerged as a key pocket for sales, accounting for over 88% of the North America market based on value in 2021
- The demand from the U.K. will continue rising at a high pace. The U.K. is expected to register 10.8% Y-o-Y growth in 2021
- Germany and France will remain other key markets for sale of edible nuts in the Europe
- Japan and South Korea will emerge as bright spots for sale in East Asia
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Competitive Landscape
Restaurants and hotel chains are partnering directly with growers and suppliers of edible nuts for sourcing of high-quality produce for used in their dishes. For instance, Napa Nuts has partnered with The French Laundry, Mourad, airbnb, The Culinary Institute of America, Marriot, and many more for edible nuts to supplied directly to them.
A few of the leading players operating in the edible nuts market Sun-Maid Growers of California, Hines Nut Company, John B. Sanfilippo & Son, are Archer Daniels Midland Company, Mariani Nut Company, Select Harvests Limited, Olam International Ltd, Durak Findik, Grower Direct Nut Co. Ltd, Borges Agricultural & Industrial Nuts, The Wonderful Company LLC, Germack Pistachio Company, Diamond Foods, Inc., Blue Diamond Growers, Nichols Farms, Keenan Farms and other players.
Edible Nuts Market by Category
Variety
- Almond
- Cashewnuts
- Hazelnuts
- Peanuts
- Pistachios
- Walnuts
- Other (Brazil Nuts)
Nature
- Organic
- Conventional
Product Type
- Raw
- Roasted
- Salted
- Others (Glazed, etc)
Form
- Whole
- Powder
- Splits
End Use
- Food Service Industry
- Household
Distribution Channel
- Hypermarket/Supermarket
- Specialty Stores
- Wholesale Stores
- Mass Grocery Stores
- Online Retail
Key Questions Answered in Edible Nuts Report
- At what rate the demand for edible nuts is expected to grow for the next 5 years?
The global edible nuts market is estimated to grow by CAGR of 8.4% for the next 5 years. Rise in awareness among consumers has a great impact on the preference of the products and in case of edible nuts sales are poised to surge as a result of increasing focus on health and wellness.
Which form of edible nuts is more preferred?
The whole form of edible nuts is highly preferred and the segment hold the largest share in the market. Among different types of edible nuts, whole nuts are most famous due to their application in confectionery, bakery products, and other desserts.
- Which are the leading companies are offering edible nuts?
Some of the leading companies offering edible nuts are Archer Daniels Midland Company, Diamond Foods, Inc., Olam International Ltd, Blue Diamond Growers, Mariani Nut Company, Select Harvests Limited, Durak Findik, Grower Direct Nut Co. Ltd among others.
- What are the drivers supporting the growth of edible nuts market?
The edible nuts market is driven by the launch of increasing demand for low-calorie food products, rising application of edible nuts in homemade desserts in various regions, and other factors. Edible nuts also are used as key ingredients in homemade granola. Besides this, the increasing vegan and flexitarian population will continue bolstering edible nut market in the coming years.
- Which are the key success factors supporting the growth of edible nuts market?
Some of the key success factors supporting the edible nuts market growth are implementation of new production techniques, product portfolio, nuanced marketing campaigns, exploiting economies of sales, and strategic promotional activity and many others.
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Table Of Content
1. Market Introduction
1.1. Global Edible Nuts Market Taxonomy
1.2. Global Edible Nuts Market – Introduction
1.3. Global Edible Nuts Market – Definition
2. Key Trends Impacting the Market
3. Product Innovation / Development Trends
4. Global Edible Nuts Market Dynamics
5. Key Regulations
6. Key Success Factors
7. Edible Nuts Market Consumer Sentiment Analysis
8. Edible Nuts Overview