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The latest report by IMARC Group, titled “Nut Products Market Report by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, Nut Flour), Category (Organic, Conventional), Type (Almonds, Hazelnuts, Walnuts, Cashews), Application (B2B, B2C), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global nut products market trends. The global market size reached US$ 6.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.

Industry Trends and Drivers:

• Increasing Demand for Nut-Based Snacks:

The nut products market is witnessing a strong shift toward the demand for nut-based snacks as consumers prioritize healthier food choices. Nuts, known for their high nutritional content, including protein, healthy fats, and vitamins, are increasingly being incorporated into convenient snack products. This trend is driven by health-conscious consumers looking for on-the-go options that offer convenience and nutritional benefits. Brands are responding by introducing a variety of nut-based snacks, such as nut bars, roasted and flavored nuts, and nut mixes, targeting both everyday consumers and those following specialized diets like keto, paleo, and plant-based regimens. Moreover, the popularity of nuts in snacks is enhanced by their versatility and ability to cater to various taste preferences, from sweet to savory. Innovations in flavor profiles, such as exotic spices, herbs, and sweet coatings, are further enhancing the appeal of nut-based products, making them a preferred choice for indulgence and nutrition. The growing trend toward natural and minimally processed foods also aligns with nut-based snacks, as they are often perceived as a healthier alternative to traditional processed snacks.

• Rising Popularity of Plant-Based Dairy Alternatives:

The rise of plant-based dairy alternatives is significantly impacting the nut products market, with nuts like almonds, cashews, and macadamias playing a pivotal role in the development of dairy-free products. As more consumers seek plant-based alternatives due to dietary preferences, lactose intolerance, or ethical concerns related to animal welfare, nut-based milk, yogurt, and cheese have become popular choices. Almond milk, in particular, has seen widespread adoption as a leading plant-based milk alternative, offering a rich, creamy texture and versatility in use for beverages, cooking, and baking. Beyond almond milk, cashew-based products are also gaining traction, especially in the production of plant-based cheeses and creams due to their smooth consistency and neutral flavor, which can be easily flavored or fermented. Additionally, macadamia and hazelnut milk are emerging as premium options, offering distinct flavors and appealing to a growing segment of consumers who are willing to explore new and exotic plant-based products. This trend is being driven by the growing vegan population and flexitarians—consumers who occasionally consume animal products but are seeking to reduce their intake.

• Growth in Nut-Based Ingredients for the Food and Beverage Industry:

The nut products market is experiencing growth due to the increasing use of nut-based ingredients in the broader food and beverage industry. Nuts such as almonds, walnuts, pistachios, and hazelnuts are being incorporated into various products, from baked goods and cereals to energy bars and beverages. The demand for clean-label and nutrient-rich ingredients is driving manufacturers to use nuts in their formulations, providing products with enhanced taste, texture, and nutritional value. This trend is particularly evident in premium and health-oriented products where consumers seek high-quality ingredients that align with their wellness goals. Almonds, for example, are widely used in cereals, granola bars, and bakery items, for their flavor and for their nutritional benefits, such as being a good source of protein and healthy fats. Walnuts, with their omega-3 content, are gaining popularity in functional foods aimed at heart health. Nut-based flours, such as almond and hazelnut flour, are also becoming popular in gluten-free and low-carb baking, catering to consumers with dietary restrictions or preferences for low-carbohydrate diets.

Top Nut Products Market Leaders:

• ALMENDRAS LLOPIS S.A.U
• Barry Callebaut
• Blue Diamond Growers
• Kanegrade Limited
• Lübecker Marzipan-Fabrik
• Mandelin Inc.
• Moll Marzipan GmBH
• Olam International
• Puratos NV/SA
• Royal Nut Company
• V. Besana S.p.A.
• Zentis GmbH & Co. KG

Request Sample For PDF Report: https://www.imarcgroup.com/nut-products-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

• Nut Butter
• Nut Paste/Marzipan Paste/Persipan Paste
• Nut Fillings with Cocoa
• Nut Fillings without Cocoa
• Caramelized Nuts
• Nut Flour

Based on the product type, the market has been segmented into nut butter, nut paste/marzipan paste/persipan paste, nut fillings with cocoa, nut fillings without cocoa, caramelized nuts, and nut flour.

Category Insights:

• Organic
• Conventional

On the basis of the category, the market has been divided into organic and conventional.

Type Insights:

• Almonds
• Hazelnuts
• Walnuts
• Cashews

Hazelnuts represent the majority of shares due to their high demand in the confectionery and chocolate industries, where they are a key ingredient in premium products.

Application Insights:

• B2B
• B2C

Based on the application, the market has been categorized into B2B and B2C.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Europe holds the leading position owing to a large market for nut products driven by the strong consumption of nuts in various traditional foods, snacks, and confectionery items, particularly in countries like Germany, Italy, and France.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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