Edible Nuts Market

An increase in the adoption of a healthy lifestyle is driving the market growth

Consumption of edible nuts has grown due to consumers adopting a healthier lifestyle, which is the market driver for edible nuts. The consumption of nuts, including walnuts, almonds, pistachios, hazelnuts, and cashew nuts, has increased significantly due to consumers being more careful of their intake and diet. Thus, over the projected 2021–2026, the market expansion of edible nuts is largely driven by the increased adoption of a healthy lifestyle. Individuals must engage in additional activities to maintain their fitness levels. A well-balanced diet that can provide enough nourishment is also essential to good health.

Protein, carbs, vitamins, minerals, and fiber are abundant in nuts. Consumer knowledge of these benefits of nuts increased dramatically between 2018 and 2022, which caused the edible nuts market to grow at a favorable CAGR of 8.7%.

 The expected 7.9% CAGR from 2023 to 2033 is a little slowdown in the pace of market acceleration compared to the 8.7% CAGR between 2018 and 2022, which was 8.7% CAGR. However, this shouldn't discourage companies from expanding their manufacturing capabilities on the worldwide market for edible nuts. Thus, this factor is driving the market CAGR.

The easiest places to get edible nuts are through retail sales channels like supermarkets and hypermarkets, especially for upper- and middle-class consumers. However, smaller grocery stores are preferred for purchasing edible nuts among low-income people. Famous retail giants like Walmart and Costco actively promote the consumption of nuts by stocking shelves with edible nuts and providing alluring discounts. Research from FMI predicts that the consumption of edible nuts will rise in advanced economies, including the United States, Germany, and Spain. Industry participants may expect profitable prospects from developing economies like Brazil and India in the upcoming years.

Due to their exceptional qualities, including their prolonged shelf life, crunchiness, and high nutritional content, edible nuts are projected to increase demand as an ingredient, opening up new business prospects. They are frequently used in artisan crackers, ice cream, pastries, yogurt, and other products. Thus, it is anticipated that the market will rise shortly due to the expanding usage of edible nuts as a component in different culinary items. The market for edible nuts is anticipated to benefit from manufacturers' increased usage of edible nuts in chocolates to improve the product's flavor.

For instance, as part of a new line called More, Nestlé produced new KitKat and Yorkie chocolate bars in the UK and Ireland in September 2019. Both bars contain fruit and nuts, and the cereal has more protein, fiber, and sugar-free content than chocolate bars of the same caloric content. Thus, this aspect will accelerate edible nuts market revenue globally.

The Global Edible Nuts Market Industry experiences a notable surge in demand driven by increasing health consciousness among consumers. Nuts are recognized for their nutritional benefits, including high protein content, healthy fats, and essential vitamins. This trend is particularly evident as consumers gravitate towards plant-based diets, seeking alternatives to animal proteins. The market is projected to reach 234.9 USD Billion in 2024, reflecting a growing preference for healthier snack options. As awareness of the health benefits of nuts continues to spread, the industry is likely to see sustained growth, with consumers actively incorporating nuts into their daily diets.

The Global Edible Nuts Market Industry benefits from the rising trend of snack consumption, particularly among busy urban populations. Nuts are increasingly viewed as convenient, nutritious snacks that align with on-the-go lifestyles. This shift is supported by changing consumer habits, where traditional meal patterns are being replaced by smaller, more frequent eating occasions. The convenience factor, combined with the health benefits of nuts, positions them favorably in the snack food segment. As the market evolves, the industry is likely to capitalize on this trend, contributing to an anticipated CAGR of 4.88% from 2025 to 2035.

The Global Edible Nuts Market Industry is witnessing an expansion in product varieties, catering to diverse consumer preferences. Innovations in flavors, packaging, and processing techniques are enhancing the appeal of nuts. For instance, flavored nuts and nut-based snacks are gaining traction, attracting younger demographics. This diversification not only broadens the consumer base but also encourages trial and repeat purchases. The industry's adaptability to market trends suggests a robust growth trajectory, with projections indicating a market value of 396.9 USD Billion by 2035. Such product innovations are essential for maintaining competitiveness in a rapidly evolving marketplace.

The Global Edible Nuts Market Industry is significantly influenced by emerging markets and global trade dynamics. Countries in Asia and Africa are increasingly becoming key players in nut production and consumption, driven by rising disposable incomes and changing dietary patterns. This shift opens new avenues for trade and export opportunities, enhancing the industry's global footprint. As these markets develop, they are likely to contribute substantially to the overall growth of the industry, with projections indicating a robust expansion in the coming years. The interplay between local production and international demand will shape the future landscape of the edible nuts market.

The Global Edible Nuts Market Industry is experiencing a growing demand for organic products, reflecting a broader consumer shift towards sustainable and environmentally friendly food options. Organic nuts are perceived as healthier and more natural, appealing to environmentally conscious consumers. This trend is particularly pronounced in regions with stringent organic certification standards, where consumers are willing to pay a premium for organic offerings. The industry's response to this demand is crucial for maintaining market relevance, as organic products are expected to capture a larger share of the market, further driving growth in the coming years.

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American edible nuts market accounted for USD 96.49 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. Due to factors including the widespread usage of nuts like American beech and maize for their fat and starch content, the edible nut market in North America is expected to have the fastest development throughout the anticipated period.

Using nuts in the Region for meals and oils has led to significant market expansion throughout the anticipated timeframe. Consumption of edible African-regional nuts has expanded, including the dika and kola nuts. These kinds of nuts are anticipated to fuel regional edible nuts industry expansion during the anticipated period.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: EDIBLE NUTS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Edible Nuts market shares the second-highest growth during the forecast period. As a result, Europe holds the biggest market share for edible nuts. According to estimates, demand for natural, low-sugar, and safe food items is rising in nations including the Netherlands, Germany, France, and the UK. As a result, these nations are thought to be the main markets for edible nuts in Europe. As a result, these nations fight for the highest market share for edible nuts.

Further, the Germany Edible Nuts held the largest market share, and the UK edible nuts industry was the fastest-growing market in the European Region.

The Asia Pacific edibles nuts market is anticipated to develop at the quickest rate during the anticipated period. The increase in demand for nutrient-dense food components by health-conscious customers in this Region is attributable to the expansion. Moreover, the China Edible Nuts held the largest market share, and the India market of edible nuts was the fastest-growing market in the Asia-Pacific region.

Leading industry companies are making significant R&D investments to broaden their product offerings, which will spur further expansion of the market for Edible Nuts products. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The Edible Nuts industry must offer products at reasonable prices to grow and thrive in a more cutthroat and competitive environment.

One of the primary business strategies manufacturers employ in the worldwide Edible Nuts industry to benefit customers and expand the market sector is local manufacturing to reduce operating costs. The Edible Nuts industry has recently provided some of medicine's most important benefits. Major players in the Edible Nuts market, including Mariani Nut Co., John B. Sanfilippo & Son, Inc., Blue Diamond Growers, Acomo, KP Nuts, Archer Daniels Midland Co., Select Harvests Ltd, Olam International, Waterford Nut Co., and Diamond Foods, and others, are attempting to increase market demand by investing in research and development operations.

California almonds are the focus of the agricultural cooperative and marketing company Blue Diamond Growers. The firm claims to be the world's biggest tree nut processing and marketing corporation. It was established in 1910 as the California Almond Grower's Exchange. Blue Diamond Growers declared in January 2023 that it would resume selling its Chile 'N Lime Flavoured Almonds. The San Francisco-based American packaged food firm Diamond Items sold almonds and other snack items. Diamond Foods introduced organically processed, ready-to-eat Snack Walnuts in July 2020.

Agriculture-related goods, commodities, and ingredients are produced, processed, transported, stored, and marketed by Archer Daniels Midland Co (ADM). The business manufactures oilseeds, corn, wheat, and other agricultural goods as well as ingredients for food and beverages. The range of products offered by ADM includes wheat, animal feed, vegetable oil, maize sweeteners, natural flavours and colours, health and nutrition goods and biofuels. Through its grain elevator and transportation network, the company stores, cleans, and transports agricultural commodities including oilseeds, corn, wheat, milo, oats, and barley as well as other products made from these inputs.