Global Nuts and Nutmeals Market - Segmented by Nut Type, Usage and Application, and Geography - Trends, Growth and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 163 | Published By - Mordor Intelligence

Report Highlights

The global nuts and nutmeals market is expected to reach USD XX billion by 2021 from USD XX billion in 2016, witnessing a CAGR of XX% during the forecasted period.  

Many top players in the nut market are investing in nutmeals due to the popularity of paleo diet and an increasing number of people opting for a protein packed substitute base for baked goods.  Nutmeal has its main function as a substitute for plain flour or as a mixture in flour for baking and cooking. It has the benefit of blending easily as a powder in various bases and providing the taste and nutritional benefits of nuts to the product. The coarseness and texture of the nutmeat is determined by the type of nut used and the fineness required for the specific application.

Nuts and nutmeals are driven by the growing awareness of the health benefits of nuts, which are a rich sources of folate, fiber, protein, and other essential minerals. They are a good source of saturated fats and help in maintaining a healthy heart and brain. Moreover, insulin levels are maintained in diabetic patients. Many nuts also contain omega-3 fats, Vitamin E and folate, making them a great nutrition substitute of  meat, for vegetarians. Furthermore, with an increase in interest for paleo and vegan diets, the use of nutmeal is on the rise by consumers for their protein needs in the absence of meat, milk, eggs, and other protein rich meat and animal products.

Restrains in the nuts and nutmeals market is the high amount of fats and calories, which pose as major deterring factors owing to high obesity levels in people. These contain a high level of sodium and artificial flavoring, which are counter effective to the heart protecting health benefits of nuts. Another major deterring factor is the prevalence of nut allergy among people, with 1.4% of the population in the United states alone suffering from peanut allergies. Opportunities can be seen in the form of use of nuts and nutmeals in various new application industries, as a result of the changing taste of the consumers due to globalization and urbanization, especially in the developing countries.

The market is segmented according to nut type                               into - almonds, peanuts, macadamia nuts, hazelnuts, walnuts, cashews, pistachios, and others. Cashew, which is popular in Asia due to the warm climate in the region and a major export product in places such as India, has the largest global market share with XX%, followed by peanuts and almonds. Peanut has major application in North America and Europe with its uses in breakfast items such as peanut butter, which is largely consumed in the western countries. In the recent decades, almond has gained a good reputation for being a healthy nut with its diabetic friendly attributes such as, comparatively low fat content and healthy omega-3 fats. The market is segmented by usage and application into ready-to-eat nuts, oil, savories, confectionery and bakery, dairy, beverage, cereal and others. While nuts have the greatest application in ready to eat foods, nutmeals are primarily used in baking. Both nuts and nutmeals have high application as blends in savories such as trail mixes and cereal, where they allow for “smart-labelling” of products to attract health conscious consumers.

The market is further segmented on basis of region into - North America, Europe, Asia-Pacific, Africa and South America. Asia-Pacific is the main market for nuts, with India and China making up the largest market share in the continent. This is due to the high production of nuts in these countries which allows for export all around the world. The North American and European markets come in next, with nuts being very popular additions in processed food such as cereals and trail mixes. When it comes to usage and production of nutmeals, North America is the largest market due to high disposable income in the region and the popularity of following emerging food fads in the region. Asia-Pacific shows promising growth rate for nutmeals due to easy availability in the region.

Key players in the market include;

Archer

Blue Diamond Growers Inc.

Cargill Inc.

Daniels Midland Co

McCormick and Co

Monsanto Co.

Richardson International

Syngenta.

To gain market share, these companies are adapting numerous strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities.

Key Deliverables

Market analysis for the global nuts and nutmeals market, with region specific assessments and competition analysis on global and regional scale

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market share

Identification and analysis of the macro and micro factors that affect the global nuts and nutmeals market on both global and regional scale

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

 

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