Australia Macadamia Market Report and Forecast 2024-2032

Australia Macadamia Market Outlook

The Australia macadamia market size was valued at USD 511.90 million in 2023. The market is further projected to grow at a CAGR of 6.9% between 2024 and 2032, reaching a value of USD 937.58 million by 2032.

Key Takeaways

• Nuts, including macadamias, constitute a significant portion of Australia’s horticultural exports, accounting for 40%.

• As of June 2020, Australia produced 45,200 tonnes of macadamias and the overall production value was USD 245.1 million.

• The wholesale value of macadamias (both in-shell and kernel supply) was USD 115.3 million.

The country’s position as one of the largest producers of macadamia nuts globally influences Australia macadamia market growth. The country's leading role in macadamia cultivation and production shapes market dynamics and bring export opportunities. For instance, the wereal value of macadamia exports was approximately USD 200 million in 2021.

Macadamia nuts are extensively used in the personal care and cosmetic industry in Australia for their nourishing properties. For example, Macadamia Integrifolia Seed Oil is a versatile natural skin care ingredient known for its barrier-repairing, antioxidant-rich, and mineral-packed properties. This oil is commonly found in skincare products, hair care formulations, and cosmetics due to its moisturising, anti-inflammatory, and anti-aging benefits.

In the pharmaceutical industry, macadamia nuts are valued for their health benefits and nutritional content. They are incorporated into dietary supplements, nutraceuticals, and medicinal products for their rich nutrient profile, contributing to the growth of the macadamia market in Australia. Macadamia nuts are also increasingly utilised in residential settings for various culinary purposes in Australia. For example, households often incorporate macadamia nuts into homemade granola bars, adding a crunchy texture and nutty flavour to the snack.

According to Australia macadamia market analysis, raw macadamia nuts are a primary form of macadamias used across various industries. They are versatile and can be consumed as they are or further processed into different products. Roasted macadamia nuts undergo a roasting process that enhances their flavour profile and texture. This form is appealing to consumers seeking a crunchy and savoury snack choice. Processed macadamias encompass a range of products derived from macadamia nuts such as flour, chocolate-covered nuts, salted nuts, and dry nuts.

Market Segmentation

Australia Macadamia Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Nature 

• Organic

• Conventional

• Others

Market Breakup by Form 

• Raw

• Coated

• Oil 

• Roasted

• Processed

• Others

Market Breakup by Type  

• Whole Nuts

• Half Nuts

Market Breakup by End Use  

• Personal Care and Cosmetic

• Pharmaceuticals

• Residential

• Food & Beverage

• Others  

Market Breakup by Distribution Channel  

• Online

• Offline 

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Market players are focused on development of new macadamia-based products and applications to enhance market competitiveness and opportunities for growth.

• Australian Macadamias Pty Ltd.

• Macadamias Direct  

• Suncoast Gold Macadamias  

• Marquis Macadamias  

• Patons Macadamia Plantations Pty Ltd.  

• Alloway Macadamia   

• Macadamia Nut Hut  

• Macadamias Australia  

• JAT Family Trust  

• Others

Key Highlights of the Report