WESTFORD, U.S., July 4, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the market growth has been increasing steadily, which has led to significant growth in the tree nut market. Among the various tree nuts, almonds and cashews occupy a prominent position. Almonds are popular with consumers due to their numerous health benefits and wide availability. As a result, almonds have achieved higher market penetration than other nuts.
Browse Detailed TOC on Tree Nut Market
- Pages – 242
- Tables – 127
- Numbers –77
Tree nuts include a variety of edible seeds found in the fruit of various trees. This category includes well-known varieties such as cashews, almonds, Brazil nuts, chestnuts, hazelnuts, hickory nuts, hazelnuts, pecans, walnuts, pistachios, and macadamia nuts. Not only are these nuts delicious, but they also offer numerous nutritional benefits.
Prominent players in the tree nuts market
- John B Sanfilippo & Son Inc.
- Diamond Foods LLC
- Mariani Nut Company
- Choose Harvests Limited
- The Wonderful Company LLC
- Oregon Hazelnut Industry
- Los Angeles Nut House Inc.
- Tropical Nut and Fruit Co. Inc.
- BORGES INTERNATIONAL GROUP SL
- wounds
- It’s crazy
- GNS Pakistan
- HBS Foods Limited
- KERN Energy GmbH
- Nutrexpa SA
- Hain Celestial Group Inc.
- Whitworth’s Holdings Limited
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Due to the increasing availability of hazelnuts to consumers, the hazelnuts segment is expected to grow the market
The hazelnut segment is expected to witness rapid growth with the highest CAGR in the tree nut market. This growth can be attributed to several factors. A key factor is the increasing availability of hazelnuts to consumers through retail outlets. Hazelnuts are widely available to consumers, making them a convenient and easily accessible food source.
The North American market holds a significant market share and is poised for positive tree nut market growth. This growth can be attributed to several factors, including innovations in beverage flavors containing tree nuts. The region’s bakery and confectionery sector uses tree nuts extensively in various products and has also seen remarkable growth.
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Due to the increasing popularity of various nut products, peanuts are expected to dominate the market
The peanut sector emerged as the leading segment in the global tree nuts market in 2022, holding the largest market share. Continued growth is forecast for this segment over the forecast period. One of the main drivers of this growth is the increasing popularity of various nut products, including cashews, walnuts and almonds, among consumers worldwide.
Regional markets in Europe currently occupy a prominent position in the tree nut market with a market share of over 30 percent. The region is witnessing a remarkable shift in consumer preferences from conventional products to organic alternatives. This changing trend is being driven by increasing awareness of the benefits of organic produce and a desire for healthier and more sustainable food choices.
A comprehensive analysis of the major players in the tree nuts market has been carried out in a recent report. Covering various aspects including collaborations, mergers, innovative business policies and strategies, the report provides valuable insights into major trends and breakthroughs in the market. In addition, the report examines the market share of the top segments and presents a detailed geographical analysis. Finally, the report highlights the key players in the industry and their efforts to create innovative solutions to meet the growing demand.
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Key developments in the tree nut market
- In 2022, VKC Nuts, a leading farm-to-table nuts and dried fruit company in India, launched a new line of pasteurized nuts and dried fruit under its flagship brand Nutraj. Known as ‘Bactopur’, this line of products is the first and only of its kind in India. The introduction of pasteurized nuts and dried fruit aims to provide consumers with a safe and hygienic option while enjoying the nutritional benefits of these products.
- Nestle, a leading global food and beverage company, recently launched a new line of nut-based products called Yes! The range includes nut bars and nut spreads, which are marketed as a healthy snack option. These products are made from natural ingredients and serve the increasing demand for nutritious and healthy snacks.
Important Questions Answered in Tree Nuts Market Report
- What specific growth drivers are expected to impact the market during the forecast period?
- List the top companies in the market and explain how they achieved their position of influence.
- How do regional trends and patterns differ in the global market and how do these differences affect the future growth of the market?
Related reports in the SkyQuest Library:
Global cocoa and chocolate market
Global palm oil market
Global beer market
Global Fast Food Market
Global RTD Protein Drinks Market
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