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Nut Products Market Growth, Major Key Players, Trends, and Forecast to 2025

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Nut Products Market Growth, Major Key Players, Trends, and Forecast to 2025

July 12
18:09 2022
Nut Products Market Growth, Major Key Players, Trends, and Forecast to 2025
MarketsandMarkets™
The global nut products market size is estimated to be valued at USD 1.5 billion in 2020 and is projected to reach USD 2.0 billion by 2025, recording a CAGR of 5.8%.

The global Nut Products Market size is estimated to be valued at USD 1.5 billion in 2020 and is projected to reach USD 2.0 billion by 2025, recording a CAGR of 5.8%. The global nut products is projected to grow tremendously owing to the factors such as growth in the bakery & confectionery industries, health awareness among people, product innovations in the food & beverage industry, as seen in dairy products, snacks & bars, confectionery, cereals, and desserts. The increasing instances of cardiovascular diseases, obesity, and diabetes have urged people to opt for healthy food options.Presently, people are more concerned about the health benefits derived from the food they consume, therefore they check for the label claims mentioned on every food product. This rising awareness compels the food & beverage industry to develop nut products using natural edible nut, such as almonds, cashews, walnuts, and hazelnuts. The rising disposable income levels also lead to greater purchasing of premium offerings. The positioning of nut products as healthier alternatives to traditional snacks in the market fuels its consumption resulting in growth opportunities for the nut products market.

Nut Products Market

 

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Key players in this market include Olam International (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (US), Kerry Group (Ireland), Zentis GmbH & Co. KG (Germany), Mount Franklin Foods (US), Mandelin, Inc (US), Bazzini (US), Besana (Italy), Lubeca (Denmark), Puratos (Belgium), Lemke (Germany), Almendras Llopis S.A.U. (Spain), Kanegrade (UK), Moll Marzipan GmBH (Germany), Kondima (Germany), CSM (US), Treehouse Almonds (US), Royal Nut Company (Australia), and Stelliferi & Itavex S.p.A (Italy).

Olam International (Singapore) is one of the leading suppliers of nut ingredients and processed edible nuts in all major global regions and has a strong distribution network globally. The company is a leading agri-business company supplying raw materials and finished products in 65 countries. Olam International has attained a leadership position in numerous businesses, such as rice, cocoa, cashew, coffee, and cotton.The company functions in four major segments, including food staples and packaged foods; edible nuts and spices; confectionery and beverage ingredients; and industrial raw materials, infrastructure, and logistics. It offers nut products under the edible nuts and spices segment.The edible nuts portfolio of Olam International consists of products such as cashews, hazelnuts, peanuts, sesame, and almonds, with many offering of nut products such as nut flour, nut paste and caramelized nuts. The company has a distinctive value chain integration, starting from farms and ending at the processing unit. This enables the company to offer a reliable supply of nuts and nut ingredients all year round. In December 2019, Olam International Limited (Singapore) acquired Hughson Nut (California), that helped the company in expanding its nut products capacity and meeting the growing demand from customers in and outside the US.

Barry Callebaut (Switzerland) is one of the key manufacturers of nut products globally. Barry Callebaut Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as hotels, restaurants, chocolatiers, pastry chefs, bakers, and caterers. The company operates through three major business segments, including food manufacturers products, gourmet & specialties products, and cocoa products. Barry offers nut products under various applications; bakery & pastry, confectionery, dairy & drinks, and ice cream & desserts. Barry Callebaut Group owns numerous subsidiaries that offers an array of nut products across various edible nuts, namely, American Almond (US), Callebaut (Belgium), Barry Callebaut USA, LLC (US), ASM Foods AB (Sweden), and IBC Belgium BVBA (Belgium). The company runs more than 60 production facilities globally.It is adopting various strategies to strengthen its business in nut products market. In 2020, the company opened its first chocolate factory in Southeastern Europe that will enhance the production and efficiency of the business. On November 2020, La Morella Nuts, a subsidiary of Barry Callebaut (Switzerland), announced a global expansion with the introduction of an indulgent specialty nut range for plant-based beverages, snacks, and frozen treats for brands and artisans in a rapidly growing market.

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Consumers in Europe are witnessing a high demand for natural and low-sugar ingredients and food products, resulting in a surge in nut products consumption in the region. As high-fat products are responsible for the occurrence of chronic illnesses, such as obesity and diabetes, food & beverage manufacturers are now focusing on undertaking innovations in the production of various low-fat fortified foods to cater to consumer demands for healthy food & beverage products.

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