Tree Nuts Market Scope
Tree nuts are a good source of protein and some essential nutrients such as folate, pantothenic acid, magnesium, copper, zinc and phosphorus. But, it is possible to have a diet just as nutritious and tree nut-free. These nuts are found in cereals, crackers, candy, cookies, energy bars, chocolates, flavored coffee, marinades, frozen desserts, barbeque sauces and some cold cuts like Mortadella. Furthermore, tree nut is one of the allergens which must be clearly listed if it is found in a food product. It is important to read the label every time when buy a food for children with tree nut allergies as ingredients can change unexpectedly.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Golden Peanut Company Llc (United States), Olam International Ltd. (Singapore), Diamond Foods, Inc. (United States), Mariani Nut Company Inc. (United States), Blue Diamond Growers (United States), Select Harvests Ltd. (Australia), Waterford Nut Co. Inc. (United States), Archer Daniels Midland Company (United States), Tree Nuts International (India) and Lone Tree Nut Company, Inc. (United States) |
CAGR | 11.4% |
Leading tree nuts players are focusing on strategic partnerships and new product launch to improve their products and services. Leading players are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Tree Nuts market throughout the predicted period.
Golden Peanut Company Llc (United States), Olam International Ltd. (Singapore), Diamond Foods, Inc. (United States), Mariani Nut Company Inc. (United States), Blue Diamond Growers (United States), Select Harvests Ltd. (Australia), Waterford Nut Co. Inc. (United States), Archer Daniels Midland Company (United States), Tree Nuts International (India) and Lone Tree Nut Company, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are H.B.S. Foods Ltd. (United Kingdom) and Sun Valley Nut, LLC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tree Nuts market by Type , by Application (Direct Consumption/Culinary Purpose, Bakery & Confectionery, Breakfast Cereals & Snacks, Flavored Drinks, Butter & Spreads, Dairy Products and Others) and Region with country level break-up.
On the basis of geography, the market of Tree 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, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2023, Diamond Foods announced that it had entered into a final agreement to acquire CWGA (the California Walnut Growers Association) that represents over 40,000 acres of walnut orchards in California. The acquisition is anticipated to close in the first half of 2023.
In March 2022, Heritage Foods Ltd, a leading producer of dairy products, has announced the launch of Badam Charger, a premium almond-flavored milk with actual almond pieces.
Food Allergen Labeling and Consumer Protection Act of 2004 (Public Law 108-282): The Food Allergen Labeling and Consumer Protection Act (FALCPA) will improve food labeling information for the millions of consumers who suffer from food allergies. The Act will be especially helpful to children who must learn to recognize the allergens they must avoid.
Influencing Trend:
Rising Health Concerns among Consumers Worldwide
Market Growth Drivers:
Increasing Demand from End Use Sectors and Increase in Disposable Incomes and Changing Lifestyle
Challenges:
Rising Concerns Regarding Tree Nuts Allergies
Restraints:
High Price of Tree Nuts
Opportunities:
Addition of New Flavors in Tree Nut Processing
Key Target Audience
Tree Nuts Providers, Wholesalers, Distributors and Retailers of electric aircraft, Food Industry, Governmental Bodies, Research Firms and Regulatory Bodies