About Edible Nuts
Edible nuts are snacks or dietary supplement which has high calorific value and are consumed owing to various health benefits they offer. These nuts are used for foods, oils, spices and beverages. Nuts, not only provide nutritional benefits but offer disease prevention benefits as well. These plant based versatile snacks contain high amount of protein and fiber making it suitable to use by medically ill persons. Owing to rise in consumption among children and millennial, manufacturers are focusing on producing snacks with added flavors. Also, green packaging is the new norms in snacking industry that companies can focus upon.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.36% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Edible Nuts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arimex [Lithuania], Olam International [Singapore], Sunbeam Foods [Australia], Sun-Maid Growers of California [United States], Diamond Foods [United States], Archer Daniels Midland [United States], Kanegrade [United Kingdom], Hines Dried Fruits and Edible Nuts Company [United States] and H.B.S. Foods [United Kingdom] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mariani Nut Co. [United States], Blue Diamond Growers [United States], Select Harvests Ltd [Australia], Waterford Nut Co. [United States], KP Nuts [United States], Acomo [Netherlands] and John B. Sanfilippo & Son, Inc. [United States].
Segmentation Overview
AMA Research has segmented the market of Global Edible Nuts market by Type (Almonds, Cashews, Pistachios and Others) and Region.
On the basis of geography, the market of Edible Nuts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Lithuania, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Users, the sub-segment i.e. Household will boost the Edible Nuts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Convenience and Clean Labels and Focus on Product Innovation Through Addition of New Flavors
Market Growth Drivers:
Rising Health Awareness Among Consumers and Health Benefits and Disease Prevention Ability Associated with Nuts Consumption
Challenges:
Volatility in Raw Materials Prices and Availability of Counterfeit Products
Restraints:
Dominance of Local Manufactures and High Cost of Edible Nuts Products
Opportunities:
Rise in Disposable Income in Emerging Countries and Launch of New Products and Focus on Green Packaging
Market Leaders and their expansionary development strategies
In 2020, Fuego, Flare, and Smoking' Lime, the three brand-new Takis Hot Nuts flavors, were released. Using double crunch technology, Takis' distinct spicy intensity is added to each bite of peanut-filled candy, providing customers with new snacking options.
In 2020, Kraft-Heinz, unveiled Pop & Pour nuts, enabling snackers to pop open, pour, eat, and repeat. The business wanted to build a snack shop that could handle the busy schedules of its customers.
Snacks of all kind are subjected to provide labeling as per Food and Drug Administration (FDA) rules outlined in section 403 (a) (1) of the FD&C Act (21 U.S.C. 343(a)(1). Moreover, these packaged must bear health claim if need be. Any misleading claim can result in stringent action. Labeling of products provides information such as serving size, amount of calories, percentage daily values and other information which help consumer choose the right products that suit their nutritional needs.
Key Target Audience
Edible Nuts Manufacturers, Raw Materials Suppliers, Nuts Suppliers/Distributors, Potential Investors, Research Institutes, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.