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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Pistachios Market Growth
Pistachios are healthy seeds of pistachio trees that are rich in various nutrients, fibres, proteins, and antioxidants. They are known to support immune, cardiovascular, and gut health and aid in weight management. Their distinct flavour makes them appealing for use in food and beverages and baked goods, among others.
One of the significant factors propelling the pistachios market development is an increased focus on health and wellness. This, coupled with the shift towards plant-based proteins, has boosted the popularity of pistachios. Moreover, the awareness regarding the health benefits and high antioxidant content of pistachios has significantly increased, adding to the market demand. Due to their versatility, pistachios are used in diverse foods and beverages, ranging from crusted salmon to pistachio lattes. The increasing vegan population, along with the rising demand for plant-based milk, is further bolstering the demand for pistachios. The trend of healthy and on-the-go snacking is also expected to drive the consumption of pistachios due to their excellent flavour and nutritional profile.
Pistachios Market Report Snapshots
Pistachios Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 4.15 billion.
The market is estimated to grow at a CAGR of 4.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 5.25 billion by 2032.
The market is being driven by the rising focus on health and wellness, the increasing vegan population, and the growing incorporation of pistachios in baked goods.
The key trends propelling the market growth are the increasing awareness regarding the health advantages offered by pistachios, the growing adoption of precision farming processes by pistachio growers, and the surging trend of healthy snacking.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of pistachios are bakery and confectionery, flavoured drink, breakfast cereals, snacks, and dairy products, among others.
The significant distribution channels in the market are supermarkets and hypermarkets, convenience stores, and online, among others.
The major players in the market are The Wonderful Company LLC, Horizon Nut Company, Horizon Growers, Nichols Farms, Keenan Farms, Inc., Wonderful Pistachios & Almonds LLC, Setton Pistachio of Terra Bella, Inc., Houston Pecan Co., and Braga Organic Farms, among others.
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