Market Overview
The
Global Nuts Market is expected to be
valued at USD 65.6 billion by the end of 2024, and it is further anticipated to grow a market
value of USD 107.2 billion by 2033 at a
CAGR of 5.6%. 
Nuts are hardcover fruits or seeds of certain trees or plants and are known for their flavor & nutritional health benefits. It includes a variety of products like almonds, walnuts, cashews, peanuts, pistachios, & hazelnuts. It is commonly used as a snack, an ingredient in cooking and baking, and also included in products like butter, trail, & granola bars. These are recommended by health professionals due to many benefits like weight management, improving heart rate, and reducing the risk of diseases like diabetes & particular cancers. Many food manufacturers use nuts as a raw material to enhance the nutritional profile of their products.
The US Nuts Market
The
US Nuts Market is predicted to be
valued at USD 16.1 billion by the end of 2024, and it is further anticipated to grow a market
value of USD 24.0 billion by 2033 at a
CAGR of 4.6 %.
It is endorsed by WHO that nuts are an important healthy diet for adults, which is fueling the expansion of the US nuts market as consumers increasingly prioritize this functional food for its health benefits. These products are frequently available in diverse retail channels, including supermarkets, specialty stores, convenience stores, and online platforms.
There's a growing shift towards healthier snacking choices among US consumers, driving increased demand for the nuts market. Consumers are focused on sustainability, environmental impact, and clean-label products. During the forecast period, the nuts market is expected to grow significantly due to increasing consumer demand for healthy snacks. The nuts market is forecast to see substantial market share gains for organic and natural nut products, driving the growth of the market.
Key Takeaways
- Market Growth: The Global Nuts Market is expected to grow by USD 38.3 billion, at a CAGR of 5.6%, during the forecasted period i.e. from 2025 to 2033.
- Market Definition: Nuts are edible seeds or kernels harvested from various trees and plants, typically consumed as snacks or ingredients in culinary applications.
- Category Analysis: In terms of category, organic is predicted to lead the global market with a high revenue share in 2024.
- Product Analysis: Based on the product, peanuts are expected to dominate the global market with a high % revenue share of 27.1% in 2024.
- Distribution Channel Analysis: The offline distribution channel is anticipated to lead the global market size with the largest revenue share of 86.5% by the end of 2024.
- Application Analysis: Food processing is anticipated to lead the market with the largest revenue share by the end of 2024.
- Regional Analysis: Europe is predicted to dominate the nuts market with the highest market share of 34.1% in 2024.
Use Cases
- Nutritional Snack: Nuts are a healthy snacking option as they are convenient, portable, and loaded with nutritional benefits like protein, minerals, and fiber. They are rich in essential nutrients, making them a preferred choice for consumers seeking nutritious food options.
- Culinary Uses: Nuts are employed to improve the flavor, texture, and nutritional profile of various dishes as they can be incorporated into both savory and sweet recipes.
- Dairy Alternatives: Nuts are increasingly used to produce dairy alternatives like Almond milk, cashew milk, and hazelnut milk, catering to those with lactose intolerance, dairy allergies, or dietary preferences such as veganism.
- Cosmetic and Skincare Products: Nut oils like almond oil, walnut oil, and macadamia oil are commonly used in lotions, creams, and hair care products to hydrate and soften the skin and hair.
Market Dynamic
Drivers
Health benefits of nuts and higher disposable incomeThe nuts market is expanding due to growing awareness about the health benefits among consumers as they are rich in multivitamins, fiber, & essential minerals. Nuts are essential for heart health and diabetes prevention, offering a range of vital nutrients. Their versatility in cooking and baking has also contributed to their popularity, as they can be easily incorporated into a variety of dishes, from salads and smoothies to desserts and main courses. The increasing population and higher disposable income create a rise in the consumption of nuts, hence driving the growth of the nuts market.
Flavored Nut Snack Innovations
The demand for nut-based snacks in developed countries is increasing as manufacturers introduce new flavored nut snack products, contributing to market growth. Nuts are also gaining popularity as a healthier alternative to packaged chips, further boosting market expansion. Their convenience makes them an ideal snack for consumers with modern, busy lifestyles who seek quick and nutritious options between meals, which also drives the market's growth.
Restraints
Impact of Price Fluctuations
Constant price fluctuation creates a serious problem for manufacturers and producers, restraining the growth of this market. Adverse weather conditions like drought, and storms, can damage these crops, leading to reduced supplies and increased prices, obstructing the growth of this market.
Stringent Quality Control Measures
Aflatoxin, a toxic byproduct produced by certain molds, can contaminate nuts during production, storage, or processing. Strict quality control measures are required to ensure nuts remain free from this and other contaminants, which can be costly and complex for manufacturers and producers.
Opportunities
Organic and Non-GMO Nuts
The increasing consumer preference for organic and non-GMO products has opened up substantial growth opportunities in the nuts market. As people become more health-conscious and environmentally aware, they are seeking out products that are free from pesticides, synthetic fertilizers, and genetic modifications. The market dynamics of the nuts industry are influenced by changing consumer preferences and health trends.
E-commerce Platforms
The emergence of e-commerce platforms is giving excellent opportunities for expanding the nuts market. These platforms allow producers and retailers to connect directly with consumers, offering detailed product information, customer reviews, and personalized marketing.
Trends
Sustainable Farming Practices
Nuts key market trends include sustainable & environmentally friendly organic farming practices. It involves techniques that protect and preserve natural resources, reduce carbon footprints, and promote biodiversity. Nuts produced through sustainable methods are often perceived as higher quality and more ethically sourced, which can command premium prices in the market.
Nut-Based Product Innovation
The increasing popularity of plant-based diets has driven demand for alternative products that cater to various dietary preferences & restrictions. Nut butter like almond butter, cashew butter & nut milk such as almond milk & cashew milk are gaining broad acceptance as nutritious & versatile alternatives to traditional dairy products.
Research Scope and Analysis
By Category
Organic nuts are anticipated to lead the global nuts market with the largest share in the category by the end of 2024. This surge in demand for organic nut products stems from their reputation as healthier and more environmentally friendly alternatives to conventional options. Organic nut farming avoids the use of synthetic pesticides and fertilizers, appealing to health-conscious consumers who prefer cleaner, more natural food choices. The availability of organic nuts has expanded, now commonly found in mainstream grocery stores, specialty health food stores, and online platforms, making them accessible to a wider audience.
Despite the higher production costs of organic farming, consumers are willing to pay a premium for the associated health benefits and positive environmental impact. Furthermore, organic nuts are easily certified by government bodies, adhering to strict standards for production, handling, and labeling, which ensures quality and authenticity, thereby propelling the global nuts market forward.
By Product
The peanut segment is expected to lead the nuts market in 2024, commanding a majority of revenue share, which is due to its frequent availability and lower price. These are good sources of many vitamins and minerals, including vitamin E, niacin, folate, manganese, magnesium & more, which increase the growth of this segment. In addition, rising health concerns, mainly about low-carbonate food among consumers preventing health issues, are fueling the market expansion of these segments. Demand for these is also increasing due to the higher consumption of peanuts as a healthy snack option as it is rich in protein, fats, and fiber.
Further, the hazelnut segment is anticipated to grow with a high CAGR as these are famous for their distinct flavors and different uses in cooking, attractive to both chefs and home cooks. The hazel-based chocolate products like Nutella are continuously gaining popularity among health-conscious consumers, expanding the market growth. Moreover, the high content of antioxidants and healthy fats is contributing to the growth of this market.
By Distribution channel
The offline channels are anticipated to dominate the nuts market, capturing a large revenue share of 86.5% in 2024 as consumers prefer offline platforms for purchasing products like nuts where they can physically check the quality of the product. The personal experience of selecting nuts allows consumers to examine their freshness which can significantly influence their flavor and texture, and also physical interaction with offline store staff can provide information based on their diet. Offline channels continue to maintain their dominance due to improved distribution networks globally.
The online segment is expected to have a high growth in 2024 as many suppliers are providing these products on their websites, and on e-commerce sites like Amazon which are projected the grow over the forecasted period. Also, the rising popularity of online shopping for consumers including food products, and high internet penetration, are the key factors fueling the growth of this market.
By Application
The food processing segment is expected to lead the nuts market with the largest market share in 2024. It brings nutritional benefits, taste, and texture to many foods, which drives the need for nuts in many food industries. There is an increasing trend of introducing nuts products in snacks, desserts, beverages, and main dishes creating opportunities for food producers to experiment with new ideas. They are also used in the production of nut butter, oils & flour.
Bakery and confectionery are the second-largest application in the nuts market as it is used in products like bread, cakes, cookies, & pastries. They help add texture, crunchiness, & nutritional value to these products which is appealing to consumers looking for both taste & health benefits. Nuts coated in chocolate, or as part of pralines and truffles, appeal to consumers seeking premium confectionery options.
Bar & Snacks are a convenient snack which available in many forms like salted, roasted, & flavored. Health-conscious consumers seek snacks and treats that offer nutritional benefits without compromising on taste or indulgence. It offers a balance of flavor, texture, & nutritional content that appeals to age groups and demographics.
The Global Nuts Market Report is segmented based on the following
By Category
By Product
- Peanuts
- Almonds
- Cashew
- Walnuts
- Hazelnuts
- Others
By Distribution Channel
By Application
- Food Processing
- Bakery and Confectionery
- Cereal and Granola Bars
- Bar and Snacks
- Others
Regional Analysis
Europe is predicted to dominate the global nuts market with the largest share of revenue with a contribution of
34.1% in 2024, as its residents have constantly strived for health due to the consumption of nuts and changing lifestyles towards more healthy-oriented lifestyle trend in well-being which results in an overall growth explaining above as well. This region is a partially biggest producer and exporter of nuts which supports the growth along with growing inclination toward vegan or plant-based foods.
Also, because of the consumption almonds walnuts and cashew products in high amounts leads to more expanded market as these products hold nutritional value and low carbonate Ingredients that use nuts as a raw material are in high demand, particularly in the bakery and confectionery sectors this region. Companies in this region are expanding their market presence by introducing innovative products and tapping into new distribution channels.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The nuts market is fragmented due to many participants, and it is anticipated that there will be moderate to intense competition among the companies. The market for nuts commonly employs strategies such as introducing new products and expanding through investments. Players in the nuts market are focusing on logistical improvements and strengthening distribution channels as part of their business growth strategies.
These initiatives are improving the product adoption rates among global consumers. Prominent organizations in the global nuts market are Archer Daniels Midland Company, Plam International, Blue Diamond Growers, and Wonderful Pistachios & Almond LLC. Companies allocate resources toward R&D to introduce high-quality nut-based products such as snacking, dairy alternatives, and food industry ingredients. Key players in the nuts are prioritizing sustainability as awareness of climate change and environmental degradation increases.
Some of the prominent players in the global nuts market are
- Diamond Foods, Inc.
- John B. Sanfilippo & Son
- Kraft Foods Inc.
- Olam International Ltd
- Borges Agricultural & Industrial Nuts
- Hines Nut Company
- Mariani Nut Company
- Germack Pistachio Company
- Hampton Farms, Inc.
- Star Snacks Co., LLC
- Fresh Nuts GmbH
- Tropical Foods
- Durak Findik
- Others
Recent Development
- In January 2024, GoodSAM Foods, a B-Corp Certified health food brand dedicated to sustainability and regenerative agriculture, announced that its complete range of nuts, including raw and roasted/salted macadamias, pecans, Brazil nuts, and walnuts, is now available at Whole Foods Markets nationwide.
- In October 2022, the Bevzilla brand introduced a unique and intriguing taste of coffee powder called Turkish Hazelnut. For all coffee enthusiasts, this new hazelnut flavor is a fantastic delight.
- In July 2023, IGA's Exclusive Brands revealed a fresh range of snack nut assortments, including cashews, peanuts, almonds, and mixed nuts.
- In June 2022, Britannia Good Day, introduced the brand-new Good Day Harmony pack, which has four different nut varieties in each cookie, including hazelnut, cashew, pista, and almond.
- In May 2022, VKC Nuts, a prominent fully integrated farm-to-fork company in India, unveiled ‘Bactopure,’ the nation's first and only line of pasteurized nuts and dried fruits, under its flagship brand Nutraj.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 65.6 Bn |
| Forecast Value (2033) |
USD 107.2 Bn |
| CAGR (2024-2033) |
5.6% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Category (Organic, and Conventional), By Product (Peanuts, Almonds, Cashews, Walnuts, Hazelnuts, Others), By Application (Food Processing, Bakery and Confectionery, Cereal and Granola Bars, Bar and Snack, Others), By Distribution Channel (Offline, Online) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Diamond Foods, Inc., John B. Sanfilippo & Son, Kraft Foods Inc., Olam International Ltd, Borges Agricultural & Industrial Nuts, Hines Nut Company, Mariani Nut Company, Germack Pistachio Company, Hampton Farms, Inc., Star Snacks Co., LLC, Fresh Nuts GmbH, Tropical Foods, Durak Findik, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global nuts market size is estimated to have a value of USD 65.6 billion in 2024 and is expected to reach USD 107.2 billion by the end of 2033.
Europe has the largest market share for the Global Market with a share of about 34.1% in 2024.
Some of the major key players in the Global Nuts Market are Archer Daniels Midland Company, Plam International, Blue Diamond Growers, Wonderful Pistachios & Almond LLC, and many others.
The market is growing at a CAGR of 5.6 percent over the forecasted period.