Market Size of Nuts and Seeds Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.87 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nuts & Seeds Market Analysis
The Global Nuts and Seeds Market is expected to register a CAGR of 5.87% over the forecast period.
The market is mainly driven by the growing awareness of the health benefits of nuts and seeds, as they are rich sources of fiber, protein, vitamins, antioxidants, and other essential minerals, and the increasing popularity of the paleo diet. They are a good source of saturated fats and help maintain a healthy heart and brain. Hence, due to the nutritional benefits, they serve as excellent meal substitutes. Nutrition and allergy experts estimate that 32 million people in the United States have food allergies, including to tree nuts and peanuts, and may also be lactose or gluten intolerant. This factor is restraining the growth of the nuts and seeds market.
Seeds and nuts demand has been rising due to increased awareness about the benefits of consuming nuts and seeds and products infused with them. Globally, the need for convenience foods is growing faster due to changes in social and economic patterns, as well as increased expenditure on food and beverage; awareness about healthy foods, changes in meal patterns, and existing food habits has increased been driving the market studied. 'Clean labeling' is no longer a trend but has become a high-rated consumer demand that the global food industry is responding to by putting additional emphasis on these aspects while processing a food product propelling the market studied. Moreover, changing tastes and trends among customers have been increasing the demand for nuts and seeds. Due to its nutritional benefits, the need for functional ingredients in bakery & confectionery products has been rising. In addition to practical health benefits, incorporating natural ingredients like cashews, peanuts, pistachios, and other such elements, in different bakery & confectionery products has been rising, which is benefitting the nuts and seeds market.
Nuts & Seeds Industry Segmentation
The global nuts and seeds market is segmented by product type, form, application, and geography. Based on the product type, the market is segmented into nuts and seeds. Based on the form, the market is segmented into whole, pieces and powdered, oils, and others. Based on the application, the market is segmented into food and beverages, pharmaceuticals, cosmetics, personal care, and others. The food and beverages segment is further segmented into industrial and retail. The industrial segment includes bakery and confectionery, dairy and dairy alternatives, edible oils, snack bars, breakfast cereals, and others. The retail component comprises packaged nuts and seeds and trail mixes. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size and forecasts in value (USD million) for the above segments.
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Nuts and Seeds Market Size Summary
The global nuts and seeds market is experiencing significant growth, driven by increasing awareness of their health benefits, such as being rich in fiber, protein, vitamins, and antioxidants. This awareness is further fueled by the rising popularity of diets like paleo, which emphasize natural and nutrient-dense foods. The market is also benefiting from the growing demand for convenience foods and clean labeling, as consumers become more health-conscious and seek products that align with their dietary preferences. The incorporation of nuts and seeds into various food products, particularly in the bakery and confectionery sectors, is on the rise, as these ingredients offer both nutritional and functional advantages. The trend towards 'super' ingredients and value-added food products is further propelling the market, as manufacturers cater to the demands of health-conscious consumers.
Despite the positive growth trajectory, the market faces challenges, such as the prevalence of food allergies and intolerances, which can restrict consumption. However, the market remains robust due to the increasing adoption of nuts and seeds by processed food manufacturers and the emphasis on research and development for new product offerings. The importance of nuts and seeds in various cuisines and their role in promoting heart health are also contributing to market demand. The market is characterized by fragmentation, with numerous regional and domestic players, and is witnessing strategic activities like mergers, acquisitions, and partnerships to enhance brand presence. Prominent companies are leveraging digital strategies and introducing innovative products to meet the evolving consumer preferences and expand their market reach.
Nuts and Seeds Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Nuts
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2.1.2 Seeds
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2.2 Form
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2.2.1 Whole
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2.2.2 Pieces & Powdered
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2.2.3 Oils
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2.2.4 Other Forms
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2.3 Application
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2.3.1 Food and Beverages
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2.3.1.1 Industrial
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2.3.1.1.1 Bakery and Confectionery
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2.3.1.1.2 Dairy & Dairy Alternatives
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2.3.1.1.3 Edible Oils
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2.3.1.1.4 Snack Bars
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2.3.1.1.5 Breakfast Cereals
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2.3.1.1.6 Others
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2.3.1.2 Retail
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2.3.1.2.1 Packaged Nuts & Seeds
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2.3.1.2.2 Trail Mixes
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2.3.2 Pharmaceutical
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2.3.3 Cosmetics & Personal Care
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2.3.4 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 Spain
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East & Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East & Africa
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Nuts and Seeds Market Size FAQs
What is the current Nuts and Seeds Market size?
The Nuts and Seeds Market is projected to register a CAGR of 5.87% during the forecast period (2024-2029)
Who are the key players in Nuts and Seeds Market?
Olam Group, The Wonderful Company LLC, Cargill Inc., Food Specialities Limited. and Select Harvests Limited are the major companies operating in the Nuts and Seeds Market.
