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

Global Nuts Market Growth

In 2021, the total value of United States tree nut exports reached USD 8.9 billion, reflecting a 6% increase compared to 2020. The leading three markets, which together represented 52% of total sales, were the European Union, China, and India, with respective values of USD 2.8 billion, USD 978 million, and USD 889 million. China stands as the foremost producer and consumer of walnuts globally, contributing over 42% of the world's walnut production during the 2017/18 season, amounting to 871,850 metric tons. India ranks among the largest producers of cashews, with cultivation spanning approximately 0.7 million hectares, consequently driving up the nut market share.

The rising consumer awareness regarding the importance of a healthy lifestyle has led individuals to incorporate more fruits and nuts into their diets, enhance their water consumption, and adopt various other healthy eating habits. These seemingly minor changes can significantly influence an individual's overall health and well-being, thereby leading to the nut market expansion. World Health Organization (WHO) recommends that adults include nuts in their diets due to their numerous health benefits, prompting consumers to recognise the importance of this nutritious food and contributing to the expansion of the global market. In response to the growing demand from health-conscious consumers, companies in the sector are increasingly adopting organic farming practices.

Key Trends and Developments

Global Nuts Market Trends

The market is witnessing several trends including the expansion of health and wellness sector, rising demand for healthy snacks, and rising emphasis on vegan and plant-based diet. Nowadays, there is a rising emphasis on health and wellness trends which are leading to the expansion of nuts market size. Additionally, the adoption of plant-based and vegan diet is also propelling the nut market growth further. With changing dietary patterns, people are shifting towards plant-based food including nut milk such as almond milk and cashew milk, this trend further drives the demand for nuts.

Global Nuts Industry Segmentation

Global Nuts Market Share

Based on distribution channel, the market is segmented into online and offline. The online segment is projected to dominate the market, representing a CAGR of 9.5%, leading to the global nuts market expansion. The demand for nuts has increased due to the expansion od online distribution channels. Online distribution channels facilitate speedy delivery, wide product options, seasonal discounts, and doorstep delivery, leading to the expansion of the nut market.

Leading Companies in the Global Nuts Market

Major players are focusing on the production of sustainable farm practices to produce nuts in order to improve nuts market outlook.

Diamond Foods, LLC

Diamond Foods, LLC was founded in 1912 and is headquartered in Stockton, California, United States. It is an American company that produces different products including walnuts, pecans, almonds, pine nuts, and hazelnuts, among others.

John B. Sanfilippo & Son, Inc.

John B. Sanfilippo & Son, Inc. was founded in 1922 and is headquartered in Illinois, United States. It is an A...

Mariani Nut Company

Mariani Nut Company was founded in 1972 and is headquartered in California, United States. This American compa...

Borges Agricultural & Industrial Nuts, S.A.

Borges Agricultural & Industrial Nuts, S.A. was founded in 1896 and is headquartered in Catalonia, Spain. The ...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major player in the market are Hines Nut Company, Hampton Farms, Star Snacks, Grower Direct Nut Company, Inc., and Royal Nut Company, among others.