Global Acorn Nuts Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2024-2032)

Global Acorn Nuts Market Outlook

The global acorn nuts market is estimated to grow at a CAGR of 2.8% in the forecast period of 2024-2032.

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Growing Applications of Acorn Nuts in the Food and Beverages Industry to Aid the Market Growth

The thriving food and beverages industry is driving the demand for acorn nuts. These nuts can be used in baked products and confectionery, flavoured drinks, and breakfast cereals, among others. The product is expected to witness a rise in demand from various end-use sectors in the coming years as acorns are also a rich source of nutrients. They contain large amounts of protein, carbohydrates, and fats, as well as the minerals calcium, phosphorus, and potassium, along with the vitamin niacin; however, their percentages vary from species to species. The growing R&D activities and advancements in the food industry are contributing to the industry growth.

The Asia Pacific Region to Propel the Acorn Nuts Industry Forward

Region-wise, the Asia Pacific is expected to significantly contribute to the industry growth. Within the Asia Pacific, acorn served as an important food source in many cultures, particularly in Korean and Japanese communities. In Korea, food items like edible jelly and noodles are prepared from acorn and acorn flour or starch, respectively. Further, Native Americans also use acorn nuts as a dietary staple. The growing shift towards a healthy lifestyle and plant-based food products among consumers is expected to aid the growth of the overall market.

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Acorn Nuts: Market Segmentation

Acorn nut, also known as the oaknut, refers to the nut obtained from the oak trees or their close relatives (Quercus and Lithocarpus, in the family Fagaceae). Acorn nuts undergo the leaching process before they can be consumed by humans. These nuts mostly contain a single seed enclosed in a tough, hard shell in a cup-shaped cupule. They can be eaten when raw or after roasting or boiling, and are utilised in soup, flour, oil, coffee, and other food preparations across the globe.

Based on type, the market is divided into:

• North African Acorns
• Spanish Acorns
• Others

The different forms in which acorn nuts are available are:

• Whole
• Powder
• Roasted
• Splits

Based on the end-use sectors, the industry can be segmented into:

• Bakery and Confectionery
• Flavoured Drinks
• Snacks and Breakfast Cereals
• Butter and Spread
• Dairy Products
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Natural Ingredients to Boost the Demand for Acorn Nuts

The rising health awareness among consumers and the growing inclination towards plant-based food products are the major factors driving the growth of the acorn nuts industry. The increasing demand for a nutritive and ecologically friendly food source is pushing the manufacturers to adopt alternative food source that is sustainable as well. As these nuts have been a major part of the diet for various wildlife species, playing an important role in forest ecology, and are also rich in nutrients, they fulfil the criteria for a sustainable alternative food source, and thus, are witnessing a steady comeback. The product serves as a dietary staple in some cultures, but the advancement in the food processing sector is making the product utilisation much easier in preparations like baked goods and snacks. The growing demand for healthy and convenient snacks with the rising consumer disposable incomes is providing a further boost to the industry. However, the availability of similar substituents like hazelnuts and chestnuts might restrain the industry growth over the forecast period.

Key Industry Players in the Global Acorn Nuts Market

The report gives a detailed analysis of the key players in the global acorn nuts market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report