Nuts and Seeds Market - Growth, Trends, and Forecasts (2023 - 2028)

Nuts & Seeds Market Analysis

The Global Nuts and Seeds Market is expected to register a CAGR of 5.87% over the forecast period.

The market is mainly driven by the growing awareness of the health benefits of nuts and seeds, as they are rich sources of fiber, protein, vitamins, antioxidants, and other essential minerals, and the increasing popularity of the paleo diet. They are a good source of saturated fats and help maintain a healthy heart and brain. Hence, due to the nutritional benefits, they serve as excellent meal substitutes. Nutrition and allergy experts estimate that 32 million people in the United States have food allergies, including to tree nuts and peanuts, and may also be lactose or gluten intolerant. This factor is restraining the growth of the nuts and seeds market.

Seeds and nuts demand has been rising due to increased awareness about the benefits of consuming nuts and seeds and products infused with them. Globally, the need for convenience foods is growing faster due to changes in social and economic patterns, as well as increased expenditure on food and beverage; awareness about healthy foods, changes in meal patterns, and existing food habits has increased been driving the market studied. ‘Clean labeling’ is no longer a trend but has become a high-rated consumer demand that the global food industry is responding to by putting additional emphasis on these aspects while processing a food product propelling the market studied. Moreover, changing tastes and trends among customers have been increasing the demand for nuts and seeds. Due to its nutritional benefits, the need for functional ingredients in bakery & confectionery products has been rising. In addition to practical health benefits, incorporating natural ingredients like cashews, peanuts, pistachios, and other such elements, in different bakery & confectionery products has been rising, which is benefitting the nuts and seeds market.

Nuts & Seeds Industry Segments

The global nuts and seeds market is segmented by product type, form, application, and geography. Based on the product type, the market is segmented into nuts and seeds. Based on the form, the market is segmented into whole, pieces and powdered, oils, and others. Based on the application, the market is segmented into food and beverages, pharmaceuticals, cosmetics, personal care, and others. The food and beverages segment is further segmented into industrial and retail. The industrial segment includes bakery and confectionery, dairy and dairy alternatives, edible oils, snack bars, breakfast cereals, and others. The retail component comprises packaged nuts and seeds and trail mixes. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size and forecasts in value (USD million) for the above segments.

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Nuts & Seeds Market Trends

Increasing Healthy Snack Demand is Fostering the Nuts and Seeds Market

As the millennial population becomes health conscious, their consumption pattern also increases the demand for nutrient-rich foods. The manufacturers have been developing products that can satiate the market demand for nut- and seed-based products, especially among body-conscious consumers. The increasing consumer inclination towards value-added food products such as lotus seeds in smoothie bowls further boosts the demand for the nuts and seeds market. The popularity of “super” ingredients has increased significantly over the recent past as consumers are more inclined toward natural and wholesome ingredients.

These products have high nutritional and functional value, and their chemical composition is rich in PUFAs (Polyunsaturated fatty acids), mainly omega-3, protein, dietary fiber, and bioactive compounds. According to the International Nut & Dried Fruit Council, in 2021/2022, the production of pistachios amounted to about 795.3 thousand metric tons worldwide. The prominent players are focused on research and development for new product launches that can address the growing consumer demand. The increasing adoption of nuts and seeds by processed food manufacturers as a high-value and healthy food inclusion ingredient further boosts the market.

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