Nut Products Market Report 2024, Industry Trends, Growth, Size and Forecast Till 2032

 The latest report by IMARC Group, titled “Nut Products Market Report by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, Nut Flour), Category (Organic, Conventional), Type (Almonds, Hazelnuts, Walnuts, Cashews), Application (B2B, B2C), and Region 2024-2032“, The global nut products market size reached US$ 6.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032. 

Nut products encompass a wide array of culinary delights derived from nuts, the edible seeds, or fruits found within hard shells. Nuts are celebrated for their rich nutritional profile, offering abundant healthy fats, proteins, vitamins, minerals, and dietary fiber. These versatile products come in various forms, including creamy or crunchy nut butter like peanut butter and almond butter, nut oils such as walnut and almond oil for cooking and dressing, whole roasted nuts like almonds and cashews enjoyed as snacks or toppings, gluten-free nut flours used in baking, and nut-based snacks such as energy bars, trail mixes, and granola. Nuts and their derivative products have earned a well-deserved reputation for their delicious flavors and health benefits. As a result, nit products are gaining immense traction in everyday snacking and gourmet cuisine across the globe, catering to dietary preferences such as vegetarian, vegan, and gluten-free diets.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/nut-products-market/requestsample

Decentralized Finance Market Trends and Drivers:

The global nut products market is primarily driven by the growing consumer interest and demand for a variety of nut-based products, including nut butter, snacks, and flours, due to the increasing awareness of the health benefits associated with nuts, such as their heart-healthy fats, protein content, and antioxidants. Apart from this, the shifting trend toward plant-based and vegetarian diets has escalated the consumption of nuts as a source of protein and essential nutrients, propelling market growth. Moreover, the development of nut-based snacks and trail mixes owing to the rising popularity of on-the-go and convenient snacking options catering to busy lifestyles has catalyzed market growth. Besides this, the escalating demand for gluten-free and allergen-friendly ingredients in food products has augmented the demand for nut flour and nut-based alternatives in baking and cooking. Furthermore, the versatility of nuts in various culinary applications, from savory dishes to desserts and beverages that expand their use in the food industry, is contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

• Nut Butter
• Nut Paste/Marzipan Paste/Persipan Paste
• Nut Fillings with Cocoa
• Nut Fillings without Cocoa
• Caramelized Nuts
• Nut Flour

Category Insights:

• Organic
• Conventional

Type Insights:

• Almonds
• Hazelnuts
• Walnuts
• Cashews

Application Insights:

• B2B
• B2C

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• ALMENDRAS LLOPIS S.A.U
• Barry Callebaut
• Blue Diamond Growers
• Kanegrade Limited
• Lübecker Marzipan-Fabrik
• Mandelin Inc.
• Moll Marzipan GmBH
• Olam International
• Puratos NV/SA
• Royal Nut Company
• V. Besana S.p.A.
• Zentis GmbH & Co. KG

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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