Edible nuts are widely consumed around the globe and are rich in various essential nutrients such as minerals, fiber, potassium, and calcium. Edible nuts are also rich in other vitamins such as vitamin K, vitamin A, and iron. Peanuts, almond, hazelnuts, pistachios, cashew nuts and walnuts are some of the edible nuts.
Edible nuts are dried fruits consumed worldwide and are an important source of nutrients such as fiber, potassium, vitamin A, iron, and Vitamin K. Edible nuts include almonds, cashew nuts, hazelnuts, walnuts, pistachios, chestnuts, and Brazil nuts. Edible nuts are used across various food &beverage applications such as desserts, bakery, snacks, etc.
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Increasing production capacities of the edible nuts by major producers through mergers and acquisitions are expected to be a major trend in the market growth. For instance, in October 2019, Olam International has expanded its capacity in almond ingredients with the $54 million acquisition of Californian almond processor Hughson Nut Inc. (HNI). HNI’s processing capabilities allow it to offer a “fully integrated solution” across the almond value chain from the US, including processed whole nuts and value-added ingredients.
Wide applications of edible nuts across food & beverage is expected to propel the market growth. These nuts can be processed and used us spreads, toppings, dairy inclusions, confectionery fillings, salad dressings, and bakery fillings. Moreover, they are also used in the preparation of infant’s formula. Hence, multiple usages of edible nuts are projected to foster market growth over the forecast timeframe.
Lack of consumption of edible nuts across developing regions of rural areas due to lack of awareness as well as the high cost of the nuts is expected to restrict the market growth of edible nuts.
Global Edible Nuts Market, By Product Type:
Global Edible Nuts Market, By Application:
Bakery & Confectionery
Butter & Spreads
Key companies covered as a part of this study include Diamond Foods, Inc., Archer Daniels Midland Company, Olam International, Blue Diamond Growers, Mariani Nut Company, Select Harvests, GNC Global Nut Company AG, Waterford Nut Company, Farm Breeze International LLC., and Just Almonds Inc.
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