Meticulous Research® has released a report titled "Nut Ingredients Market by Type (Almond, Cashew, Walnut, Hazelnut, Others), Form (Roasted, Raw, Powdered, Cut), Application (Confectionary, Snacks & Bars, Dairy Products, Beverages, Bakery Products), and Geography - Global Forecast to 2030." According to the report, the global nut ingredients market is expected to grow to $10.2 billion by 2030, achieving a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030.

The primary drivers of this market growth include increasing consumer preference for plant-based foods, continuous product innovations, and a focus on health and wellness. Nuts are valued for their dense nutritional profile, including essential vitamins, minerals, healthy fats, and protein. They are available in various forms, such as whole, chopped, ground, or processed products. Investments in nut-based products are anticipated to further stimulate market growth, although challenges such as raw material price fluctuations and nut allergies may pose constraints.

Segment analysis reveals that almonds are expected to dominate the market in 2024. This is attributed to their high nutritional content, including antioxidants, fiber, and vitamins, and their increasing use in diverse food applications like almond milk for vegans. The trend of assorted almond products is also expected to drive this segment's growth.

Regarding form, raw nuts are projected to lead the market. Raw nuts offer longer shelf life, superior nutrient retention, and absence of chemical contaminants. Their cost-effectiveness further supports their market dominance.

Among applications, the snacks & bars segment is forecasted to register the highest CAGR during the forecast period. This growth is driven by rising consumer demand for nutritious convenience foods and an increasing number of product launches featuring nuts as key ingredients.

Geographically, North America is anticipated to hold the largest market share in 2024. This is due to the region's established food and beverage industry, high consumer awareness of nut ingredients' health benefits, and the popularity of protein-rich products among millennials. The growth of the vegan population and advancements in nut-enriched products further contribute to North America's market leadership.

In summary, the nut ingredients market is poised for substantial growth, driven by trends towards healthier eating, innovations in product development, and increased investments. Despite some challenges, the market outlook remains positive, supported by expanding applications and rising demand for nutritious products.

Key Players

The global nut ingredients market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the global nut ingredients market are Barry Callebaut Group (Switzerland), Olam International Limited (Singapore), Archer-Daniels-Midland Company (U.S.), Terri Lynn, Inc. (U.S.), Bergin Fruit and Nut Company (U.S.), ROYAL NUT COMPANY (Australia), HBS Foods Ltd. (U.K.), Helios Ingredients Ltd (U.K.), Sran Family Orchards (U.S.), and Harris Woolf Almonds (U.S.).

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Key Questions Answered in the Report-

·         What is the current value of revenue generated by the global nut ingredients market?

·         At what rate is the global nut ingredients demand projected to grow for the next 5–7 years?

·         What are the historical market sizes and growth rates of the global nut ingredients market?

·         What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?

·         Which segments in terms of type, form, and application category create major traction for the manufacturers in this market?

·         What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the nut ingredients market?

·         Who are the major players in the global nut ingredients market? What are their specific product offerings in this market?

·         What are the recent strategic developments in the global nut ingredients market? What are the impacts of these strategic developments on the market

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