Market Trends of Nut Industry
This section covers the major market trends shaping the Nut Market according to our research experts:
New production modifications and the rise of organic farming are boosting the growth of the market
Various modifications have been made to nut production over time to improve quantity and quality, including mechanization and better planting practices coupled with higher quality raw material. As a result of these modifications, agroecological management and cropping systems have produced convincing results. With the new modifications in farming and integration of organic farming into the nut farming the growers can now commercialize, diversify, and export their products at international marketplace, by providing high-quality nuts. In the forecasted period, the market is expected to grow steadily because of the significant development in the production, added value, and commercialization sectors.
Moreover, the demand for organic products has increased worldwide in recent years, resulting in a rise in organic farming. Hence, leading market players are turning to organic farming to draw in health-conscious consumers. Additionally, raw nuts and nutmeals are increasingly being used in cooking and blended into snacks like trail mixes. For instance, in March 2020, the sports nutrition brand Acti-snack introduced a new line of healthy snack mixes. Three variants of the product are available: Natural Nut, Fruit & Nut, and Nut & Seed.
Asia-Pacific is the Fastest Growing Region
The nut market in Asia-Pacific is experiencing rapid expansion owing to the increasing disposable income of the people and the increasing population of the region, the region is expected to grow at the fastest rate within the regional segment of the market during the forecast period. Due to these factors, the market in the region has been witnessing substantial growth over the review period. Manufacturers are capitalizing on the trend of healthy eating by launching nuts snacks in new forms and flavors, in an attempt to attract younger consumers in the region. Moreover, In the coming years, the health concerns of consumers are expected to boost the industry's growth. Chinese consumers' growing vegan food demand, paleo diets, and other healthy eating habits. The high protein content, healthy fats, and carbohydrates in nuts make them an essential part of healthy diets. Due to the rising preference of the younger generation for organic and natural products, nut manufacturers are targeting health-conscious consumers in China. Consequently, owing to the factors mentioned above, the Asia-Pacific nut market is growing at the fastest rate.
