Market Size of United States Nuts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Nuts Market Analysis
The United States Nuts Market is projected to register a CAGR of 3.52% during the forecast period.
The nuts market is expected to exhibit significant growth during the forecast period. The growing vegan population in the country is also accelerating the growth of the market as an increasing number of Americans are seeking for plant-based protein diet. Hence, nuts are broadly considered a good alternative to fish and eggs for fulfilling calcium and vitamin B12 needs. In recent decades, almonds gained a good reputation for being a health nut, with their diabetic-friendly attributes, such as their comparatively low-fat content and healthy omega-3 fats. Hence, various companies have been offering a variety of nuts and seeds to cater to the growing demand for nuts across the country. According to data by Snack Foods & Wholesale bakery, in the United States, the sales of leading snack nut vendors last year were Wonderful Pistachios and Almonds (USD 975.95 million), Kraft Heinz Co. (USD 974.82 million), and Blue Diamond Growers (USD 530.88).
The growing popularity of healthier snacking and eating habits among American consumers continues to encourage the consumption of nuts, both tree nuts and ground nuts. The fight against cardiovascular diseases and the desire for better health and well-being, along with the publication of scientific studies highlighting the benefits of nut consumption, are likely to continue fueling demand for these products. Nuts are widely regarded as nutritional dynamite among American consumers. Hence, due to the nutritional benefits offered by nuts and the country's self-sufficiency in its production, they serve as a great snack substitute, which in turn drives the market studied.
