Market Trends of Nuts and Nutmeals Industry
This section covers the major market trends shaping the Nuts & Nutmeals Market according to our research experts:
Rising Health Awareness Led to Healthy Snacking Patterns
The increasing consumers' health awareness and the rising disposable income across regions are the factors that have encouraged people to opt for high-quality nut and nutmeal products. Healthy snacking and convenience and taste are raising consumers' demand for nut and nutmeal ranges. Apart from healthy snacking, the plant-based diet followed by the ongoing trend of veganism is actively supporting the market's growth and will continue to do so during the forecast period. For instance, in November 2021, Blue Diamond Almonds launched Almond Breez Extra Creamy Almon Milk as a plant-based alternative to whole dairy milk. The product uses almond oil made from quality California-grown Blue Diamond almonds to give the product an extra creamy texture. Also, the clean-label trend and availability of nut mixes and seasoned nuts with clean-label claims such as organic, better-for-you, and others are further accelerating the growth of the market studied.
North America Holds a Prominent Share
The growing popularity of healthier snacking and eating habits among American consumers continue to encourage nuts consumption, tree nuts, and groundnuts. The fight against cardiovascular diseases, the desire for better health and well-being, and the publication of scientific studies highlighting the benefits of nut consumption are likely to continue fueling demand for these products. Nuts and nutmeals are widely regarded as nutritional dynamite among American consumers. Nuts for snacking, like roasted, coated, and salted, will have a high penetration rate over the medium term. According to USDA data from 2022, the United States is the highest producer of Almonds and Pistachios and 2nd largest producer of Walnuts. Due to this, the market players are innovating new nut meals and flavored nuts for easy on-the-go snacking. For instance, in June 2022, Daily crunch launched two new flavored almond products, Cinnamon Java Sprouted Nut Medley and Nashville Hot Sprouted Almonds.
