Tree nuts include almonds, Brazil nuts, cashews, hazelnuts, pecans, pistachios, and walnuts. A person's allergy to one type of tree nut does not necessarily mean they are allergic to all tree nuts. However, several tree nuts, such the pecan and walnut, as well as the cashew and pistachio, are closely related to one another. Tree nuts are the seeds of specific fruit-bearing plants. Tree nuts are nutritious foods that are high in fat, energy, and vitamins. They are a great source of vitamins, fibre, polyunsaturated fatty acids, proteins, and monounsaturated fatty acids like omega-6 and omega-3. They work wonders to strengthen immunity. After COVID-19, all individuals seek is good health and strong immunity. People no longer care about frills; instead, they only seek high levels of immunity, which has had a favourable impact on this sector.
The increase in the usage of tree nut oils in the cosmetics sector is another significant development in the market. Tree nuts may be used as the ideal food for healthy skin and hair to reduce dark circles and pain. It shields the skin from antioxidant-induced damage and prevents skin wrinkling. In order to preserve skin moisture and prevent ageing, tree nut oils are frequently utilised in anti-aging products. These characteristics contribute to the widespread usage of tree nuts in the cosmetics sector.
Tree nuts market is presently worth USD 46.0 billion, and is anticipated to grow to a value of more than USD 109.7 billion by 2030, with a growing CAGR (compound annual growth rate) of over 11.1 % from 2022 to 2030.
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Global Tree Nuts Market: Segment Assessment
Based by product type
- Cashew nuts
- Walnuts
- Almonds
- Pistachios
- Hazelnuts
- Chestnuts
- Brazil nuts
Based by application
- Direct consumption/culinary purpose
- Bakery and confectionery
- Breakfast cereals
- Snacks
- Flavoured drinks
- Butter and spreads
- Dairy products
Based by form
- Whole
- Split
- Others
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Major Players:
Diamond Foods, Montagu Snacks, Golden Peanut and Tree Nuts, Baja, Sun Valley, Select Harvests Limited, Blue Diamonds Growers, Mariani Nut, Lone Tree Nut Company, Inc., Waterford Nut Co., and Olam Group.
Major questions answered in this report:
- Which are the leading players active in the ‘tree nuts market’?
- What is CAGR of tree nuts market?
- What are the driving factors and opportunities in the market?
- What are the current trends market trends?
- What are the challenges faced in the "tree nuts market"?
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