What is Pistachio Market?
Pistachio name derived from deciduous tree pistachio, having massive share of fat and wealthy supply of nutrition, carbohydrate, protein, magnesium, potassium, metallic element et al., whereas used as flavourer agent in work product and in several sweets like frozen dessert, beverages, and others. the advantages of intense pistachio embody weight management, reduced risk of polygenic disease and cardiovascular diseases, improved immune system, nervous system, and digestion system.
The market study is being classified and major geographies with country level break-up.
Bates Nut Farm (United States), Germack Pistachio Company (United States), Houston Pecan Company (United States), Meridian Growers LLC (United States), Nazari Pistachio co (Iran), Raika Pistachio Company (United States), Rasha Pistachio Co. (Iran), Ratin Khosh Co. (Iran), Setton Pistachio of Terra Bella, Inc. (United States), Sierra Nut House (United States), The Pistachio Co Food Trading LLC (United Arab Emirates), Whistler Foods (New Zealand) and Wonderful Pistachios & Almond Company LLC (United States) are some of the key players profiled in the study.
The global market for pistachio is fragmented by key players owing to rising demand for the pistachio for different applications like bakery and confectionery and Different desserts in commercial and household applications. The players should focus on the availability of pistachio and packaging with the best additives for higher shelf life and lower perishability to sustain the high competition.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pistachio market by Type, Application and Region.
On the basis of geography, the market of Pistachio 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, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Awareness Regarding the Benefits Associated with The Consumption Of Pistachio
- Surging Demand of Pistachio as A Ready to Eat Snack
Market Trend
- Attractive Packaging Methods and Flavour Innovations in the Pistachio
Restraints
- High Cost of Yield for Pistachio and Fluctuations in Demand
Opportunities
- Rising Usage of Pistachio in Different Desserts like Ice Creams, Puddings in Households and Commercial Purpose
- Rising Applications of Pistachio in Confectionery and Bakery Products
Challenges
- Restrained Regional Availability of Pistachio and High Import Charges
In 2021, Wonderful Pistachios & Almond Company LLC launched two successful Wonderful Pistachios No Shells product lines BBQ and Sea Salt & Vinegar to serve the snack lovers. BBQ Wonderful Pistachios No Shells will allow consumers to savor the taste with smoked Flavor and dashed with garlic, paprika, and salt.
Key Target Audience
Pistachio Manufacturer, Distributor/Supplier, Research Institutes, End-User Industry and Others