Edible Nuts Market Size

Edible Nuts Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The market for nuts is expected to grow to $344 billion by 2032. This would imply a CAGR of 4.88% from 2024 to 2032. The increasing awareness of the health benefits of nuts, such as the reduction of blood pressure and the improvement of heart health, is a major factor in the growth of the market. The growing popularity of plant-based diets and the use of nuts in various food products are also driving demand. In addition, technological advances in the field of processing and packaging have contributed to the growth of the market, increasing the shelf life and the convenience of use of the product. Moreover, the main players in the market, such as Blue Diamond Growers, Olam International and Wonderful Pistachios, are undertaking strategic initiatives such as product development and strategic alliances in order to increase their market share. In recent years, the introduction of nut flavours and organic nuts has further contributed to the market's growth.

Regional Market Size

Regional Deep Dive

The world edible nuts market is undergoing a strong growth, driven by the increasing awareness about the health benefits of nuts and the growing popularity of snacking. North America is characterized by a strong demand for organic and sustainably cultivated nuts, while in Europe there is a trend towards the development of new products based on nuts. Asia-Pacific is growing rapidly, with increasing income and changing eating habits. In the Middle East and Africa, the import and consumption of nuts are growing as part of a varied diet. Latin America, with its rich agricultural resources, is becoming an important player in the export of edible nuts.

North America

• The United States leads the world in organic and non-genetically modified nuts. Blue Diamond is responding to this trend with new almond products.
• Regulations like the Food and Drug Administration’s revised labeling guidelines have forced manufacturers to be more transparent about the origin of their nuts and their nutritional content, thereby enhancing the trust of consumers.
• The spread of e-commerce has greatly affected the distribution of edible nuts. Amazon and Thrive Market have increased their offerings and made it easier for consumers to buy a variety of nuts.

Europe

• In Europe the main concern is to ensure that the nuts are grown in a sustainable way. The European Nut Association has set up a programme to encourage producers to use a sustainable production method.
• In the United States, the industry is growing at a good pace. The development of new products such as nut-based dairy alternatives and snacks is also gaining momentum.
• The market is influenced by the strict regulatory framework, which ensures high-quality products and therefore increases confidence and demand.

Asia-Pacific

• Nuts are in great demand in China and India, where they are gaining in popularity as a snack. Companies like Nutraj are benefiting from this trend.
• A nut-processing industry has been established in the region, mainly in the country of Australia, where the industry has been encouraged by government policy to increase agricultural exports.
• The demand for nuts is increasing in China, both for local nuts and for imported ones.

MEA

• The importation of nuts, almonds and cashews in particular, is increasing in the Middle East and Africa, a result of changing diets and the growing popularity of healthy snacks among urban populations.
• A recent initiative, the National Food Security Program of the UAE, has encouraged the cultivation of nuts to reduce the country's dependence on imports and encourage local agriculture.
• The nut is a food which is used in many dishes and in various festivals. This fact influences the demand and the price.

Latin America

• Brazil and Chile are catching up on the world nut market, with production of walnuts and almonds in the process of increasing to meet the increasing demand.
• The favourable climatic conditions for the cultivation of nuts have attracted foreign investment and co-operation, as with Olam International.
• Regulations for the export of agriculture are strengthening the competitiveness of Latin American nuts in world markets, through initiatives aimed at improving quality and sustainability.

Did You Know?

“Almonds are the most widely used of all nuts, and account for nearly half the market, thanks to their versatility and their wholesomeness.” — International Nut and Dried Fruit Council (INC)

Segmental Market Size

OVERVIEW OF THE GLOBAL NUTS MARKET: The market for nuts is characterized by the growth of a segment of health-conscious consumers seeking healthy snack options. This market is experiencing strong growth, driven by an increased awareness of the benefits of nuts on heart health and weight management. The rise in plant-based diets and the demand for clean label products are also contributing to this growth, as consumers are increasingly looking for natural, additive-free foods.

In the United States, the edible nuts industry is in its mature phase, with companies like Blue Diamond Growers and Wonderful Pistachios leading the way with their product innovation and distribution. Among the most important uses of nuts are snacks, baking ingredients, and health foods, and the most important markets are North America and Europe. The emergence of new trends, such as the COVID ’19 pandemic, has accelerated the shift to e-grocery shopping, thereby increasing the availability of nuts. In addition, the industry is being reshaped by the growing demand for sustainable consumption, as companies are adopting eco-friendly packaging and sourcing to meet consumer demand for sustainable consumption.

Future Outlook

In the coming years, the value of the world market for edible nuts is expected to grow from $234.94 billion in 2024 to $344.04 billion in 2032, at a strong CAGR of 4.88%. The growth is due to the rising awareness of the benefits of nut consumption for heart health, weight loss and overall nutrition. In the coming years, the penetration of the nut into the daily diet of consumers is expected to rise, with an estimated 60% of households in the world consuming edible nuts in 2032, compared to an estimated 45% in 2024. The trend is particularly marked in emerging markets, where rising incomes and changing dietary habits are driving the demand for nuts.

The development of technology and the influence of the policymakers are expected to shape the market. The development of the processing and packaging technology can prolong the shelf life and convenience of nuts, and make consumers more easily accessible. In addition, the international organic certification and the national food safety certification are becoming popular, and the consumption of consumers is more and more environmentally friendly. The emergence of e-commerce platforms has also facilitated the development of the market, and consumers have access to more varieties of nuts. The combination of health consciousness, technology development and consumption habits will drive the development of the nut market.