Nut Products Market Size, Share, Growth, Trends and Forecast to 2025 | Major players are Barry Callebaut, Blue Diamond Growers, Kerry Group, Zentis GmbH & Co. KG, Mount Franklin Foods

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The global nut products market size is estimated at USD 1.5 billion in 2020 and is projected to reach USD 2.0 billion by 2025, registering a CAGR of 5.8%.

According to MarketsandMarkets, the report “Nut Products Market by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Toppings with Cocoa, Nut Toppings Without Cocoa, Caramelized Nuts and Nut Flour), Type Nuts, End User/Application, Quality & Region – Global Forecast to 2025″, the size is estimated at USD 1.5 billion in 2020 and is expected to reach USD 2.0 billion by 2025, registering a CAGR of 5.8%. in terms of value. The robust growth of the nut products market is driven by product innovation in cereals and snack bars, dairy products, confectionery and savory products. The growth is further complemented by growing consumer health awareness and rising disposable income levels, leading to increased purchases of premium nut-based offerings.

nut products market

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The nut paste segment is the largest market segment in the nut products market during the forecast period.

Globally, consumers are turning to healthier and nutritious plant-based, low-fat, low-sugar, gluten-free and non-GMO options. Therefore, products like walnut paste have gained popularity due to their versatility in use. It is used by many food manufacturers because it can meet the needs of the consumer. Improving consumer lifestyles and growing health awareness are encouraging marzipan makers around the world to experiment with new ethnic flavors and ingredients to align with consumer preferences.

Almond nut-type segment is expected to grow at the fastest rate in the nut-based products market during the forecast period

Almonds are free from cholesterol and saturated fats, thanks to which they are beneficial for calorie-conscious people. Almond can be processed in various forms, namely nut butter, nut paste, nut flour, caramelized nuts, and nut fillings. These semi-finished products have many applications such as confectionery, beverages, snacks, desserts & ice cream and bakery. For example, almond flour is commonly used in place of wheat flour in many bakeries. The market is witnessing significant growth in developed countries, such as the United States and Germany, owing to the high awareness of health food products, as well as an increase in food processing sectors.

The cereal and snack bar segment is expected to witness the fastest growth in the nut-based products market, from 2020 to 2025.

The majority of consumers are turning to the cereal and bar category as a convenient and healthy food product. Consumers rate nuts as the most sought-after ingredient because they give a bar a crunchier texture, provide many nutrients, and improve taste. There is more room for innovation, as bars are currently consumed by most adults, and breakfast bars or granola bars alone are consumed by a large portion of the population. Due to these factors, edible nuts are considered the best ingredient for bars and are growing steadily.

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Europe region dominated the nut products market with largest share in 2019

European consumers are seeing a high demand for natural and low-sugar food ingredients and products, which is leading to an increase in the consumption of nut products in the region. Since high-fat products are responsible for the development of chronic diseases, such as obesity and diabetes, food and beverage manufacturers are now focusing on innovations in the production of various foods fortified with low fat to meet consumer demands for healthy food and beverages. some products.

This report includes a study on marketing and development strategies, as well as product portfolios of leading companies. It consists of prominent company profiles, such as Olam International (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (USA), Kerry Group (Ireland), Zentis GmbH & Co. KG (Germany) , Mount Franklin Foods (United States). ), Mandelin, Inc (USA), Bazzini (USA), Besana (Italy), Lubeca (Denmark), Puratos (Belgium), Lemke (Germany), Almendras Llopis SAU (Spain), Kanegrade (UK ), Moll Marzipan GmBH (Germany), Kondima (Germany), CSM (USA), Treehouse Almonds (USA), Royal Nut Company (Australia) and Stelliferi & Itavex SpA (Italy).

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