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The tree nuts market size is forecast to increase by USD 24.67 billion, at a CAGR of 8.09% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by dynamic market forces and shifting consumer preferences. Value-added products, such as nut butters and flours, are gaining popularity, leading to advancements in shell removal methods and nut processing technologies. Market price fluctuation is influenced by various factors, including climate change adaptation strategies, disease prevention methods, and nut yield optimization. Traceability systems are increasingly important in ensuring food safety regulations are met, while integrated pest management and nutrient management practices are crucial for maintaining orchard health. Supply chain logistics and sustainable farming practices are essential for efficient nut crop production and reducing water usage efficiency.
Harvesting techniques and post-harvest handling methods are continually improving to maximize nut quality and minimize waste. Pollination strategies and nut oil extraction processes are also undergoing innovation to enhance nut yield and nutrient content. Consumer preferences for specific tree nut varieties are shaping production trends, with allergen management becoming a critical consideration in nut ingredient applications. Pest control strategies and nutrient management techniques are also evolving to address the challenges of climate change and ensure long-term sustainability. Quality control measures and packaging solutions are essential for maintaining the integrity of tree nuts from orchard to consumer.
Nut grading systems and fertilization optimization are also crucial for ensuring consistent nut quality and yield. Overall, the market is characterized by continuous innovation and adaptation to meet evolving consumer demands and market dynamics.
The tree nuts industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The almonds segment is estimated to witness significant growth during the forecast period.
The market experiences dynamic activity, with almonds leading the segment due to their nutritional benefits and global consumption popularity. Almonds, rich in vitamins, minerals, antioxidants, and healthy fats, contribute to improved heart and bone health, blood sugar control, and cancer risk reduction. In response to this growing demand, production volumes have increased, with the US being a significant producer, accounting for over three-quarters of the global almond production in 2022. To cater to the expanding market, various value-added products and shell removal methods are employed, ensuring efficient post-harvest handling and consumer convenience. Market price fluctuations are influenced by climate change adaptation strategies, harvesting techniques, and supply chain logistics.
Traceability systems and food safety regulations ensure transparency and safety for consumers. Orchard management practices, such as integrated pest management and sustainable farming, promote nut yield optimization and disease prevention. Nutrient management, nut oil extraction, and nut flour production are essential processing technologies that cater to various nut ingredient applications. Pollination strategies and nut butter production expand the market's reach, while nut crop production and nut grading systems maintain quality control measures. Water usage efficiency and soil health management are crucial aspects of sustainable farming practices. Allergen management and pest control strategies are implemented to address consumer preferences and food safety regulations.
Processing technologies, such as nut oil extraction and nut flour production, cater to diverse applications and market demands. The market continues to evolve, with ongoing research and development in nut crop production, nutrient management, and processing technologies.
The Almonds segment was valued at USD 9.65 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 34% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Tree nuts are experiencing significant market activity and evolving trends in APAC, with China being a major consumer in the region. The growing preference for healthy foods and the associated health benefits of tree nuts are driving market growth. In China, the tradition of consuming nuts continues, fueled by rising disposable income and increasing awareness. Organizations like the Nuts and Roasted Seeds Division of the Chinese National Food Industry Association and the South China Tree Nut Association are instrumental in promoting tree nut consumption by educating consumers. Harvesting techniques, such as selective picking and mechanical harvesting, ensure optimal nut yield.
Climate change adaptation strategies, including irrigation scheduling and soil health management, are essential for nut crop production. Traceability systems enable transparency in the supply chain, while integrated pest management practices and food safety regulations maintain quality control. Packaging solutions, like airtight containers and vacuum-sealed bags, preserve nut freshness. Nut ingredient applications, such as in baked goods and confectionery, continue to expand. Pollination strategies, nut butter production, and nut oil extraction are other market trends. Disease prevention methods, nutrient management, and pest control strategies ensure sustainable farming practices. Processing technologies, including roasting and grinding, contribute to value-added products. Nut grading systems ensure consistency and quality.
Nut yield optimization and water usage efficiency are crucial for economic viability. Allergen management and post-harvest handling are essential for maintaining consumer trust and food safety. In conclusion, the tree nut market in APAC is dynamic and evolving, with various factors influencing its growth and trends. From harvesting techniques to consumer preferences, the industry is adapting to meet the changing demands and ensure sustainable production.
The Global tree nuts market is experiencing significant tree nuts market growth, propelled by increasing awareness of the health benefits of tree nuts. Popular varieties like almonds, walnuts, and cashews dominate, with pistachios and hazelnuts also seeing strong demand. The shift towards healthier eating fuels the adoption of organic tree nuts and their use as crucial plant-based protein sources. Current tree nuts industry trends show a robust rise in snacking tree nuts and the burgeoning popularity of tree nut butter. The expansion of e-commerce tree nuts platforms is revolutionizing access for consumers worldwide. Furthermore, the demand for tree nut flour in various applications and the growing emphasis on sustainable tree nuts are shaping the Global tree nuts market size. Innovations in tree nuts processing equipment and understanding consumer preferences for tree nuts are vital, especially for their continued prominence in confectionery.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The tree nuts market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the tree nuts market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, tree nuts market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Archer Daniels Midland Co. - The company, a leading global provider of specialty food ingredients, operates a subsidiary, Golden Peanut and Tree Nuts. This business unit specializes in the production and distribution of a diverse range of tree nuts, contributing significantly to the company's portfolio of high-quality offerings.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Tree Nuts Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
174 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
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Market growth 2024-2028 |
USD 24.67 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.32 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Application
9 Market Segmentation by Form
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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