According to a new report by Expert Market Research titled, “Global Tree Nuts Market Share, Size, Report and Forecast 2024-2032″, the global tree nuts market is projected to grow at a CAGR of 3.1% between 2024 and 2032. Aided by rising awareness regarding the health benefits of tree nuts and growing applications of tree nut oil in the cosmetics sector, the market is expected to grow significantly by 2032.
Tree nuts, encompassing almonds, walnuts, cashews, pistachios, and several others, are nutritionally rich edibles harvested from trees. Recognised for their dense concentrations of healthy fats, protein, fibre, and a slew of essential nutrients, they have entrenched their position in diverse diets across cultures. Beyond their direct consumption, tree nuts are increasingly integrated into a variety of products, such as confectioneries, bakery goods, dairy alternatives, and cereals, to name a few.
The growing consumer interest towards organic and naturally sourced foods is considered as one of the major tree nuts market trends. As more individuals become aware about their food sources and make deliberate shifts towards holistic wellness, there is a rise in research activities validating the health benefits of tree nuts, from heart health to weight management, thus boosting the market demand.
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The tree nuts market analysis highlights that the supply chain has evolved considerably to cater to the rising global demand. Technological advancements in processing, packaging, and storage have ensured better quality and longer shelf-life of these nuts. Moreover, innovative marketing campaigns by leading brands, highlighting the health attributes and diverse culinary potential of tree nuts, have further driven their global demand.
As world cuisines collaborate, the adoption of tree nuts in culinary innovations, both in home kitchens and gourmet restaurants, has risen. Be it in salads, desserts, or as garnishes, the culinary versatility of tree nuts is expanding, leading to heightened tree nuts market demand.
With increasing vegetarian and vegan population globally, tree nuts have emerged as a dietary staple. They are not only consumed as snacks but are also used to produce alternatives to dairy and meat products. The rise of almond milk, cashew cheese, and nut-based protein powders are supporting this trend, solidifying the essential role tree nuts play in contemporary diets.
The global tree nuts market growth is thus supported by a combination of factors like health consciousness, culinary exploration, and dietary shifts. As tree nuts find more applications in global diets, the market size is poised to rise, strengthening their position as both a nutritional and culinary food component in the years to come.
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Market Segmentation
The market can be divided based on product and region.
Market Breakup by Product
• Almonds
• Pistachios
• Walnuts
• Cashews
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tree nuts market. Some of the major players explored in the report by Expert Market Research are as follows:
• Archer Daniels Midland Company
• Blue Diamond Growers
• Mariani Nut Co.
• Olam International Ltd.
• Select Harvests Ltd.
• Others
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