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Nut Ingredients Market
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
Report ID:MRFB - 1041006 Pages: 200 Jul-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 HoursThe Nut Ingredients Market is slated to register a CAGR of 6.1% from 2024 to 2030 to reach $10.2 billion by 2030. Nut ingredients refer to various edible parts of nuts that are used in commercial food and beverage processing. Nuts are nutrient-dense foods that provide essential vitamins, minerals, healthy fats, and protein. They can be consumed whole form, chopped, ground, or processed into nut-based products. Nuts, being the nutrition-packed ingredients, have gained popularity among the population adopting healthy food. Nuts are rich in fiber that helps maintain calories when added to the diet. Depending on their application, nuts can be consumed either raw or in different forms.
The growth of the nut ingredients market is mainly attributed to the growing preference for plant-based food products, product innovation and developments, changing food landscape and lifestyle, and growing focus on health and wellness. Furthermore, increased investments and expansion in nut-based products are expected to create market growth opportunities. However, fluctuating raw material prices and the prevalence of nut allergies restrain the growth of this market to some extent.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry. Some of 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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Growing Preference for Plant-based Food Products
Plant-based food products often incorporate nut ingredients to enhance flavor, texture, and nutritional value. Nuts are a versatile and nutritious addition to plant-based diets, providing healthy fats, protein, vitamins, minerals, and a pleasing crunch. Due to health concerns, ethics, and sustainability, diets across the globe are changing. The rapid change in urbanization, lifestyle, industrialization, economic development, health & wellness trends among consumers, and rising awareness about health concerns with the long-term use of animal proteins has created immense growth opportunities for manufacturers of plant-based protein products. This traction in the plant-based protein products market is also supported by food security challenges in terms of growing demand from livestock animals and the human population to ensure the longer sustainability of the animal protein model.
Planned vegetarian and vegan diets are nutritionally adequate for pregnant women, children, and athletes. These plant-based diets reduce the risks of health conditions such as heart disease, Type 2 diabetes, hypertension, certain types of cancer, and obesity. Plant-based products are high in fiber and provide all the nutrients when planned well. Vegetarians and vegans use plant-based protein sources, such as beans, legumes, nuts, seeds, soy foods, and protein powders.
Another segment is the lactose-intolerant consumers, who demand dairy alternatives due to their impaired ability to digest lactose, a sugar found in milk and other dairy products. (Source: National Institutes of Health). Lactose tolerance is exceptionally widespread in Northern European countries like Sweden and Finland. In addition, Turkey, Italy, Germany, and Spain are also recorded to have some of the highest numbers of lactose-intolerant consumers, further leading to growing demand for almond milk, nut-based spreads, and butter. Therefore, the target market for plant-based food and beverage is not limited to vegans but includes a vast majority of consumers, including flexitarians, lactose-intolerant consumers, and even consumers looking for clean-label food and beverage options.
With food security challenges, the vegan food trend is gaining traction and will continue to evoke interest in the upcoming years. Food demand, therefore, should increase proportionally or even more because, at the same time, food behaviors are changing. In addition, F&B manufacturers from various countries are leveraging plants, creating new categories, and disrupting old ones. At various stages, most countries are already committed to the initial nutritional transition.
Thus, the growing demand for plant-based food products is further expected to drive the demand for nut ingredients.
Key Findings in the Nut Ingredients Market Study:
In 2024, the Almond Segment to Dominate the Nut Ingredients Market
Based on type, the global nut ingredients market is segmented into almond, cashew, hazelnut, walnut, and other types. In 2024, the almond segment is expected to dominate the global nut ingredients market. The large market share of this segment is attributed to the rising almond consumption owing to their functional properties, including rich antioxidants, fiber, minerals, and vitamins, increasing demand for almonds in different food applications, increase in the vegan population leading to demand for almond milk, and low price of almonds compared to other nuts. Also, the rising trend for assorted almonds is further expected to drive the growth of the almond segment.
Raw Segment is Expected to Account for the Largest Share of the Nut Ingredients Market in 2024
Based on form, the global nut ingredients market is segmented into raw, roasted, powdered, cut, and other forms. In 2024, the raw segment is expected to account for the largest share of the global nut ingredients market. The large share of this segment is mainly attributed to factors such as high shelf life compared to other forms, better absorption of nutrients, no contact with harmful chemical substances, and low cost.
The Snacks & Bars Segment is Expected to Register the Highest CAGR During the Forecast Period
Based on application, the global nut ingredients market is segmented into confectionery products, bakery products, snacks & bars, dairy products, beverages, and other products. The snacks & bars segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to factors such as increasing demand for nutrition-packed convenience food, growing consumer demand for natural and healthy products, and increased new product launches with nuts as prominent ingredients in snacks & bars.
North America: The Dominating Regional Market
The nut ingredients market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the nut ingredients market. The large market share of this region is attributed to the well-established food & beverage industry; high awareness of the health benefits of nut ingredients; the growing popularity of protein bars, shakes, and cookies among millennials; the growing vegan population; and advancements in products enriched with nuts.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is mainly attributed to factors such as changing lifestyles, the emerging trend of healthy food & food ingredients, increasing health consciousness, increasing raw material availability, and the expansion in the region by key players.
Scope of the Report:
Nut Ingredients Market Assessment, by Type
- Almond
- Cashew
- Hazelnut
- Walnut
- Other Types
Nut Ingredients Market Assessment, by Form
- Raw
- Roasted
- Powdered
- Cut
- Other Forms
Nut Ingredients Market Assessment, by Application
- Confectionary Products
- Bakery Products
- Snacks & Bars
- Dairy Products
- Beverages
- Other Products
Nut Ingredients Market Assessment, by Geography
- North America
- U.S
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Switzerland
- Rest of Europe (RoE)
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East & Africa
Key Questions Answered in the Report:
The nut ingredients market is projected to reach $10.2 billion by 2030, at a CAGR of 6.1% from 2024 to 2030.
The almond segment is expected to account for the largest share of the nut ingredients market.
The snack & bars segment is slated to register the highest CAGR during the forecast period and provide significant opportunities for players operating in this market.
- Growing preference for plant-based food products
- Product innovation and developments
- Changing food landscape and lifestyle
- Growing focus on health and wellness.
- Fluctuating raw material prices
- Prevalence of nut allergies
The major key players operating in the 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.).
Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to factors such as changing lifestyles, the emerging trend of healthy food & food ingredients, increasing health consciousness, increasing raw material availability, and the expansion in the region by key players.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Nut Ingredients Market Assessment—by Type
3.2.2. Nut Ingredients Market Assessment—by Form
3.2.3. Nut Ingredients Market Assessment—by Application
3.3. Nut Ingredients Market: Regional Analysis
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Growing Preference for Plant-based Food Products
4.2.2. New Product Launches
4.2.3. Changing Food Landscape and Lifestyle
4.2.4. Rising Consumption of Nuts as a Healthy Snack
4.3. Restraints
4.3.1. Fluctuating Raw Material Prices
4.3.2. Limited Adoption Due to Allergies from Nuts
4.4. Opportunities
4.4.1. Increased Investments and Expansion in Nut-based Products
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition
5. Nut Ingredients Market Assessment—by Type
5.1. Overview
5.2. Almond
5.3. Cashew
5.4. Hazelnut
5.5. Walnut
5.6. Other Types
6. Nut Ingredients Market Assessment—by Form
6.1. Overview
6.2. Raw
6.3. Roasted
6.4. Powdered
6.5. Cut
6.6. Other Forms
7. Nut Ingredients Market Assessment—by Application
7.1. Overview
7.2. Confectionary Products
7.3. Bakery Products
7.4. Snacks & Bars
7.5. Dairy Products
7.6. Beverages
7.7. Other Applications
8. Nut Ingredients Market Assessment—by Geography
8.1. Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Switzerland
8.3.7. Rest of Europe (RoE)
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
8.6. Middle East & Africa
9. Competitive Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Contemporary Stalwarts
9.5. Market Share Analysis, by the Key Players/Key Market Ranking, 2022
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, SWOT Analysis, and Strategic Developments)
10.1. Barry Callebaut Group
10.2. Olam International Limited
10.3. ARCHER-DANIELS-MIDLAND COMPANY
10.4. Terri Lynn, Inc.
10.5. Bergin Fruit and Nut Company
10.6. ROYAL NUT COMPANY
10.7. HBS Foods Ltd.
10.8. Helios Ingredients Ltd
10.9. Sran Family Orchards
10.10. Harris Woolf Almonds
10.11. Other Companies
(Note: SWOT Analysis of the top 5 companies will be Provided.)
11. Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 Global Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 2 Global Almond Market, by Country/Region, 2021–2030 (USD Million)
Table 3 Global Cashew Market, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Hazelnut Market, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Walnut Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Other Types Market, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 8 Global Raw Nuts Market, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Roasted Nuts Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Powdered Nuts Market, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Cut Nuts Market, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Other Form Nuts Market, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 14 Global Nut Ingredients Market for Confectionary Products, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Nut Ingredients Market for Bakery Products, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Nut Ingredients Market for Snacks & Bars, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Nut Ingredients Market for Dairy Products, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Nut Ingredients Market for Beverages, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Nut Ingredients Market for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Nut Ingredients Market, by Country/Region, 2021–2030 (USD Million)
Table 21 North America: Nut Ingredients Market, by Country, 2021–2030 (USD Million)
Table 22 North America: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 23 North America: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 24 North America: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 25 U.S.: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 26 U.S.: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 27 U.S.: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 28 Canada: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 29 Canada: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 30 Canada: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 31 Europe: Nut Ingredients Market, by Country, 2021–2030 (USD Million)
Table 32 Europe: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 33 Europe: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 34 Europe: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 35 Germany: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 36 Germany: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 37 Germany: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 38 France: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 39 France: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 40 France: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 41 U.K.: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 42 U.K.: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 43 U.K.: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 44 Italy: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 45 Italy: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 46 Italy: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 47 Spain: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 48 Spain: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 49 Spain: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 50 Switzerland: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 51 Switzerland: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 52 Switzerland: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 53 Rest of Europe: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 54 Rest of Europe: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 55 Rest of Europe: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 56 Asia-Pacific: Nut Ingredients Market, by Country, 2021–2030 (USD Million)
Table 57 Asia-Pacific: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 58 Asia-Pacific: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 59 Asia-Pacific: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 60 China: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 61 China: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 62 China: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 63 Japan: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 64 Japan: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 65 Japan: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 66 India: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 67 India: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 68 India: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 69 Australia: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 70 Australia: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 71 Australia: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 72 Rest of Asia-Pacific: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 73 Rest of Asia-Pacific: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 74 Rest of Asia-Pacific: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 75 Latin America: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 76 Latin America: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 77 Latin America: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 78 Middle East & Africa: Nut Ingredients Market, by Type, 2021–2030 (USD Million)
Table 79 Middle East & Africa: Nut Ingredients Market, by Form, 2021–2030 (USD Million)
Table 80 Middle East & Africa: Nut Ingredients Market, by Application, 2021–2030 (USD Million)
Table 81 Number of Developments by Major Players During 2020–2024
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 The Raw Nuts Segment to Dominate the Nut Ingredients Market
Figure 9 The Almond Segment to Dominate the Nut Ingredients Market
Figure 10 The Snacks & Bars Segment to Register the Fastest Growth in Nut Ingredients Market
Figure 11 North America Dominates the Nut Ingredients Market, While Asia-Pacific Leads in Growth
Figure 12 Factors Affecting Market Growth
Figure 13 Global Nut Ingredients Market, by Type, 2024 Vs. 2030 (USD Million)
Figure 14 Global Nut Ingredients Market, by Form, 2024 Vs. 2030 (USD Million)
Figure 15 Global Nut Ingredients Market, by Application, 2024 Vs. 2030 (USD Million)
Figure 16 North America: Nut Ingredients Market Snapshot (2024)
Figure 17 Europe: Nut Ingredients Market Snapshot (2024)
Figure 18 Asia-Pacific: Nut Ingredients Market Snapshot (2024)
Figure 19 Latin America: Nut Ingredients Market Snapshot (2024)
Figure 20 Middle East & Africa: Nut Ingredients Market Snapshot (2024)
Figure 21 Key Growth Strategies Adopted by Leading Players, 2020–2024
Figure 22 Global Nut Ingredients Market: Competitive Benchmarking, by Type
Figure 23 Olam International Limited: Financial Overview (2022)
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