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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Pistachios Market Share
Bakery and confectionery segment is a major consumer of pistachios due to the distinct flavour and colour appeal of pistachios in these sectors
The product demand is propelled by the rising inclination towards baked goods and confectionery products incorporating healthy ingredients. Moreover, the growing use of pistachios to enhance the flavour and texture profile of bakery and confectionery products is fuelling the market growth. In India, the Middle East, and the Mediterranean, among others, pistachios find wide usage in confectionery and baked goods. It is also popular in various confectionery items like cakes and Turkish and Iranian pastries, including Baklava, Sohan, and Gaz, among others.
Snacks are anticipated to gain sizeable growth in the market in the forecast period. Pistachios are popularly consumed as a standalone snack due to their crunchy texture, unique flavour, and health benefits, making them a favoured choice for health-conscious consumers looking for nutritious snack options.
Supermarkets and hypermarkets maintain their dominance in the market as they offer the convenience of a one-stop shop
Supermarkets and hypermarkets hold the highest share of the pistachio market. Supermarkets and hypermarkets offer a wide variety of pistachio products, including different brands, flavours, and packaging sizes, making them a convenient one-stop shop for consumers. The availability of a diverse range of products and the ability to compare prices and quality in-store contribute to the popularity of this distribution channel.
The online segment is anticipated to grow significantly in the pistachios market in the coming years. Online retailers offer a broad selection of products, competitive pricing, and the ability to easily access product information and reviews, which appeals to many shoppers.
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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