Tree Nuts Market Size to Reach USD 62,235.3 Million by 2024 at 8.63% CAGR, Predicts Market Research Future

Tree Nuts Market Report Insights and Industry Analysis by Product Type (Cashew Nuts, Walnuts, Almonds, Pistachios, Hazelnuts, Chestnuts, Brazil Nuts), Form (Whole, Split), Application (Direct Consumption/Culinary Purpose, Bakery & Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter & Spreads, Dairy Products) and Region, Competitive Market Size, Share, Trends, and Forecast, 2018 – 2024

Pune, India, May 21, 2019 (GLOBE NEWSWIRE) -- Tree Nuts Market is poised to touch USD 62,235.3 Mn by 2024 at an impressive 8.63% CAGR during the forecast period (2018-2024), reveals the latest report by Market Research Future (MRFR).

Market Analysis

The demand for tree nuts has surged owing to the increasing inclination for its incorporation in daily diets. The presence of nutrients such as vitamin B2, vitamin E, essential minerals, and fiber in tree nuts is expected to raise their demand in the coming period. Market Research Future which recently circulated a report on the tree nuts market states that the market will capture a CAGR of 8.63% to achieve earnings appraised at USD 62,235.3 million at the close of the forecast period by 2024. The growth in the health-conscious consumer base is expected to stimulate the tree nut market in the impending period significantly.

The increased level of antioxidants in tree nuts is another key driver motivating the progress of the market. The surging demand for the healthy and nutritive food segment is expected to bolster the market. Also, increased veganism trends are supportively impacting the demand for tree nuts globally. Furthermore, an amplified preference for the incorporation of tree nuts in breakfast cereals, bakery, and confectionery products is likely to offer new avenues for progress. The augmented consumption of tree nuts as a healthy standalone snack option is expected to encourage the growth of the market in the forecast period. Also, the inclusion of tree nuts in a range of personal care products is expected to enhance market advancement in the impending period.

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Key Players and Industry Buzz

The leading competitors in the tree nuts market are Diamond Foods, Inc. (US), Mariani Nut Company Inc. (US), Waterford Nut Co. Inc. (US), Blue Diamond Growers (US), Select Harvests Limited (Australia), Archer Daniels Midland Company (US), Tree Nuts International (India), Olam International Ltd (Singapore), Lone Tree Nut Company, Inc. (US), and Sun Valley Nut, LLC (US).

Feb 2019 Green & Gold Macadamias (G&G), a specialist in the macadamia market with a vast network of dependable producers and a reputable, strategic customer base, in a range of segments around the globe along with agriculture business Camellia Group Plc have revealed a new marketing partnership. The step encompasses G&G’s processor and producer partner network in main growing areas such as Kenya, South Africa, Australia, Malawi, and Brazil. The move is in response to the unstable consumer demands, aims to promote supply growth.

May 2019 Voit & Company LLC raised its stake in shares of John B. Sanfilippo & Son, Inc. recently citing positive cues. John B. Sanfilippo & Son, Inc, jointly with its subsidiary, JBSS Ventures, LLC, processes, and supplies tree nuts and peanuts in the United States. The company also has product offerings in raw and processed nuts.

Market Segmentation

The evaluation of the segments in the Tree Nuts Market is carried out on the basis of product type, application, form, and region. Based on the product type, the tree nuts market is segmented into chestnuts, walnuts, cashew nuts, almonds, hazelnuts, pistachios, brazil nuts, and others. Based on form, the tree nuts market is segmented into split, whole, and others. The segmentation of the tree nuts market based on application comprises of bakery & confectionery, direct consumption/culinary purpose, breakfast cereals, flavored drinks, snacks, butter & spreads, dairy products, and others. On the basis of regions, the tree nuts market is segmented into Europe, North America, Asia Pacific and Rest of the World.

Browse the market data and Information spread across pages with  data tables and  figures of the report “Tree Nuts Market Report - Forecast 2018-2024” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/tree-nuts-market-2482

Regional Analysis

The region-based assessment of the Tree Nuts Market covers regions such as Europe, North America, Asia Pacific, and Rest of the World. The Asia Pacific region was responsible for the principal market portion of 30.18% in 2018 and the regional market is expected to display the highest CAGR of 9.31% throughout the forecast period. China is among one of the foremost markets in the region, responsible for the major projected market share through the forecast period. The development of the tree nuts market in the Asia Pacific region is accredited to the swift urbanization and the mounting growth of the middle-income population motivating the demand for healthy beverages and food. The European region’s market is projected to touch USD 14,663.5 million in earnings by 2024. Germany was credited for the principal share of the regional market in 2018. The extensive adoption of veganism in the country is compelling market progress as important food & beverages manufacturers are presenting new and pioneering products with tree nuts.

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