Market Size of United States Nuts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Nuts Market Analysis
The United States Nuts Market is projected to register a CAGR of 3.52% during the forecast period.
The nuts market is expected to exhibit significant growth during the forecast period. The growing vegan population in the country is also accelerating the growth of the market as an increasing number of Americans are seeking for plant-based protein diet. Hence, nuts are broadly considered a good alternative to fish and eggs for fulfilling calcium and vitamin B12 needs. In recent decades, almonds gained a good reputation for being a health nut, with their diabetic-friendly attributes, such as their comparatively low-fat content and healthy omega-3 fats. Hence, various companies have been offering a variety of nuts and seeds to cater to the growing demand for nuts across the country. According to data by Snack Foods & Wholesale bakery, in the United States, the sales of leading snack nut vendors last year were Wonderful Pistachios and Almonds (USD 975.95 million), Kraft Heinz Co. (USD 974.82 million), and Blue Diamond Growers (USD 530.88).
The growing popularity of healthier snacking and eating habits among American consumers continues to encourage the consumption of nuts, both tree nuts and ground nuts. The fight against cardiovascular diseases and the desire for better health and well-being, along with the publication of scientific studies highlighting the benefits of nut consumption, are likely to continue fueling demand for these products. Nuts are widely regarded as nutritional dynamite among American consumers. Hence, due to the nutritional benefits offered by nuts and the country's self-sufficiency in its production, they serve as a great snack substitute, which in turn drives the market studied.
US Nuts Industry Segmentation
A nut is a type of fruit that has an edible kernel inside of a hard or tough nutshell.
The United States Nuts Market is Segmented by Product Type (Almonds, Peanuts, Pistachios, Cashews, Walnuts, and Other Product Types) and Distribution Channel (On-trade Channels and Off-trade Channels). The report offers market size and forecasts in value (USD million) for the above segments.
| Product Type | |
| Almonds | |
| Peanuts | |
| Pistachios | |
| Walnuts | |
| Cashew | |
| Other Product Types |
| Distribution Channel | ||||||
| On-Trade | ||||||
|
United States Nuts Market Size Summary
The United States nuts market is experiencing robust growth, driven by a rising demand for plant-based protein sources among the increasing vegan population. Nuts are increasingly viewed as a viable alternative to traditional protein sources like fish and eggs, offering essential nutrients such as calcium and vitamin B12. The market is further bolstered by the health benefits associated with nut consumption, including their role in combating cardiovascular diseases and promoting overall well-being. This has led to a surge in the popularity of both tree nuts and ground nuts as healthier snacking options. The availability of a diverse range of nuts and seeds, coupled with the country's self-sufficiency in nut production, has made these products easily accessible to consumers across various distribution channels.
The market's expansion is also fueled by the growing trend of clean-label and functional snack mixes, which emphasize natural ingredients and high protein content. As American consumers increasingly shift away from traditional protein sources like red meat, nuts have become a popular choice for those seeking nutritious and convenient snack options. The demand for almond-based snack mixes, in particular, is on the rise due to their rich nutritional profile, including high levels of vitamin E, calcium, and healthy fats. Key players in the market, such as Blue Diamond Growers and Hormel Foods Corporation, are actively innovating and expanding their product offerings to meet consumer preferences for adventurous flavors and versatile snack options. The competitive landscape is marked by strategic collaborations and sustainable practices, ensuring continued growth and market penetration.
United States Nuts Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Almonds
-
2.1.2 Peanuts
-
2.1.3 Pistachios
-
2.1.4 Walnuts
-
2.1.5 Cashew
-
2.1.6 Other Product Types
-
-
2.2 Distribution Channel
-
2.2.1 On-Trade
-
2.2.2 Off-Trade
-
2.2.2.1 Supermarkets/Hypermarkets
-
2.2.2.2 Convenience Stores
-
2.2.2.3 Online Retail Stores
-
2.2.2.4 Other Distribution Channels
-
-
-
United States Nuts Market Size FAQs
What is the current United States Nuts Market size?
The United States Nuts Market is projected to register a CAGR of 3.52% during the forecast period (2024-2029)
Who are the key players in United States Nuts Market?
Blue Diamond Growers , Waterford Nut Company , Tierra Farm Inc., Farm Breeze International LLC and Hormel Foods Corporation are the major companies operating in the United States Nuts Market.
