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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Tree Nuts Market Analysis by Region
Europe occupies a dominant share in the tree nuts market. European consumers are becoming increasingly health-conscious, seeking foods that offer nutritional benefits, such as high protein, fibre, and healthy fats. Tree nuts, being rich in these nutrients, are seen as a beneficial addition to the diet. This awareness has boosted the consumption of almonds, walnuts, pistachios, and other nuts as snacks and ingredients in meals. There is a growing trend towards vegetarianism, veganism, and plant-based diets in Europe and nuts are a crucial component of these diets, serving as a key source of protein and other nutrients for people who do not consume animal products. This has led to an increase in the use of nuts in various forms, including whole, as butter, and in plant-based milk and cheese alternatives.
The North America tree nuts market has seen a significant growth in recent years. In the region, there is a strong and growing focus on health and wellness, with consumers seeking foods that support a healthy lifestyle. Tree nuts are highly regarded for their nutritional benefits, being rich sources of healthy fats (primarily unsaturated fats), protein, fibre, vitamins, and minerals. The awareness of these health benefits has led to increased consumption of nuts as part of a balanced diet. There has also been a noticeable shift in snacking habits among North American consumers, with a move towards healthier and more nutritious snacks. Nuts fit well into this trend as they are convenient, satisfying, and nutrient-dense, making them a popular choice for snacks.
Tree Nuts Market Report Snapshots
Tree Nuts 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
The global tree nuts market is projected to grow at a CAGR of 3.1% between 2023 and 2032.
The major drivers of the market are increasing population, the rising awareness of tree nuts health benefits, and their ability to fulfil the deficiency of different types of minerals and proteins.
The key trends guiding the market growth includes the rise in the use of tree nut oils in the cosmetics industry and increasing disposable incomes.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products in the market for tree nuts are almonds, pistachios, walnuts, and cashews, among others.
The major players in the market are Archer Daniels Midland Company (NYSE: ADM), Blue Diamond Growers, Mariani Nut Co., Olam International Ltd., and Select Harvests Limited, among others.
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