Nutmeg Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The detailed analysis of the global nutmeg market is provided by giving production, consumption, imports, and exports among major countries across the globe. A price analysis covering its trend across regions has also been included.

Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Europe
Largest Market: Asia
CAGR: 3.6 %

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Market Overview

Global Nutmeg Market is projected to grow at a CAGR of 3.6% during the forecast period (2020-2025).

  • The increase in international trade due to high popularity for Asian cusinies such as Indian and Thai dishes among Western community and high growth in oleoresin industry are some of the factors driving the market growth for nutmeg during the forecast period.
  • Guatemala, India and Indonesia are the key producers and export markets for nutmeg while Europe, Middle East countries and United States are the prime import destinations for nutmeg products.

Scope of the Report

For the purpose of the report, Nutmeg which is the seed or ground spice of several species of the genus Myristica is considered. In this report Nutmeg, neither crushed nor ground has been considered.

Geography
United States
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Netherlands
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Guatamela
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
China
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Indonesia
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
India
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Japan
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Nepal
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Srilanka
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
United Arab Emirates
Production Analysis
Consumption Analysis and Market Size
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis

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Key Market Trends

Increasing International Trade of Nutmeg is Driving the Market

Nutmeg is widely used in Asian cuisines and it is becoming popular in many parts of the world. Europe is one of the major importers of Nutmeg. The rising popularity of ethnic cuisines, such as Indian and Thai, has spurred the demand for spices such as nutmeg among food manufacturers. The large Asian community which includes India and Indonesia who lives across different parts of the globe uses nutmeg as an ingredient in the garam masala employed to make seasonal curry dishes. For instance, the Indonesian community in the Netherlands is a relatively big consumer of Nutmeg in the European Union. The Netherlands is one of the major importers of Nutmeg with imports accounting for around 28% of total European imports in 2017. With growing Western community interest towards Asian cuisines, the demand for nutmeg spice is expected to grow during the forecast period.

global-nutmeg-market

Asia-Pacific Dominates the Market

Asian and the Middle East countries are the key consumers of Nutmeg spice. The popularity of this spice is explained by the wide range of regional dishes using it as a major spice ingredient and the age-old tradition of using it in medicine. Guatemala, India, and Indonesia are the key producers and export markets for nutmeg. The growth in the Oleoresins industry has further augmented the market growth for nutmeg in the region. Oleoresins from spices such as nutmeg are interesting ingredients for food manufacturers to create ethnic dishes. Oleoresin extractions for nutmeg take place in countries, such as India and Sri Lanka; so they have export opportunities in the region. These extractions are in high demand across Europe and American communities. With the rise in demand from the international community, the market for nutmeg is expected to grow during the forecast period.

global-nutmeg-market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 United States

        1. 5.1.1.1 Production Analysis

        2. 5.1.1.2 Consumption Analysis and Market Size

        3. 5.1.1.3 Import Market Analysis (Volume and Value)

        4. 5.1.1.4 Export Market Analysis (Volume and Value)

        5. 5.1.1.5 Price Trend Analysis

      2. 5.1.2 Netherlands

        1. 5.1.2.1 Production Analysis

        2. 5.1.2.2 Consumption Analysis and Market Size

        3. 5.1.2.3 Import Market Analysis (Volume and Value)

        4. 5.1.2.4 Export Market Analysis (Volume and Value)

        5. 5.1.2.5 Price Trend Analysis

      3. 5.1.3 Guatamela

        1. 5.1.3.1 Production Analysis

        2. 5.1.3.2 Consumption Analysis and Market Size

        3. 5.1.3.3 Import Market Analysis (Volume and Value)

        4. 5.1.3.4 Export Market Analysis (Volume and Value)

        5. 5.1.3.5 Price Trend Analysis

      4. 5.1.4 China

        1. 5.1.4.1 Production Analysis

        2. 5.1.4.2 Consumption Analysis and Market Size

        3. 5.1.4.3 Import Market Analysis (Volume and Value)

        4. 5.1.4.4 Export Market Analysis (Volume and Value)

        5. 5.1.4.5 Price Trend Analysis

      5. 5.1.5 Indonesia

        1. 5.1.5.1 Production Analysis

        2. 5.1.5.2 Consumption Analysis and Market Size

        3. 5.1.5.3 Import Market Analysis (Volume and Value)

        4. 5.1.5.4 Export Market Analysis (Volume and Value)

        5. 5.1.5.5 Price Trend Analysis

      6. 5.1.6 India

        1. 5.1.6.1 Production Analysis

        2. 5.1.6.2 Consumption Analysis and Market Size

        3. 5.1.6.3 Import Market Analysis (Volume and Value)

        4. 5.1.6.4 Export Market Analysis (Volume and Value)

        5. 5.1.6.5 Price Trend Analysis

      7. 5.1.7 Japan

        1. 5.1.7.1 Production Analysis

        2. 5.1.7.2 Consumption Analysis and Market Size

        3. 5.1.7.3 Import Market Analysis (Volume and Value)

        4. 5.1.7.4 Export Market Analysis (Volume and Value)

        5. 5.1.7.5 Price Trend Analysis

      8. 5.1.8 Nepal

        1. 5.1.8.1 Production Analysis

        2. 5.1.8.2 Consumption Analysis and Market Size

        3. 5.1.8.3 Import Market Analysis (Volume and Value)

        4. 5.1.8.4 Export Market Analysis (Volume and Value)

        5. 5.1.8.5 Price Trend Analysis

      9. 5.1.9 Srilanka

        1. 5.1.9.1 Production Analysis

        2. 5.1.9.2 Consumption Analysis and Market Size

        3. 5.1.9.3 Import Market Analysis (Volume and Value)

        4. 5.1.9.4 Export Market Analysis (Volume and Value)

        5. 5.1.9.5 Price Trend Analysis

      10. 5.1.10 United Arab Emirates

        1. 5.1.10.1 Production Analysis

        2. 5.1.10.2 Consumption Analysis and Market Size

        3. 5.1.10.3 Import Market Analysis (Volume and Value)

        4. 5.1.10.4 Export Market Analysis (Volume and Value)

        5. 5.1.10.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. IMPACT OF COVID-19

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Frequently Asked Questions

The Nutmeg Market market is studied from 2016 - 2026.

The Nutmeg Market is growing at a CAGR of 3.6% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Asia holds highest share in 2021.

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