Nut Meals Market Research by Product and Geography - Forecast and Analysis 2022-2026

The nut meals market share is expected to increase by USD 2.36 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.48%.

This nut meals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers nut meals market segmentation by product (inorganic nut meals and organic nut meals) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The nut meals market report also offers information on several market vendors, including Blue Diamond Growers, Bobs Red Mill Natural Foods Inc., COFCO International, Detriot Gourmet Nut Co., HBS Natural Choice, Honeyville Inc., Kanegrade Ltd., King Arthur Baking Co. Inc., Ludlow Nut Co. Ltd., McCormick and Co. Inc., NOW Health Group Inc., Oh Nuts, Royal Nut Co., Sun Organic Farm, Superior Nut Co. Inc., The Hershey Co., The Wonderful Co. LLC, and Tierra Farm among others.

What will the Nut Meals Market Size be During the Forecast Period?

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Nut Meals Market: Key Drivers, Trends, and Challenges

The increasing demand from millennials is notably driving the nut meals market growth, although factors such as stringent government regulations in most developed countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nut meals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Nut Meals Market Driver

Increasing demand from millennials is one of the drivers impacting the nut meals market growth. Millennials have a notable impact on the dietary patterns of consumers. These consumers seek a healthy and different variety of food options and alternatives to traditional foods. Therefore, the food players have been introducing new and healthier alternatives to cater to the needs of these consumer segments. Millennials consider food variation and customization as their need rather than a luxury. These consumer segments spend more than boomers and have a greater liking for fast foods due to ease of preparation and convenience. Nutmeals are an affordable healthy flour option that is very rich in the nutrition and health benefits of nuts. Millennials believe that nuts are very filling and are essential for balanced diets. Also, the nut meal can be used for different cooking applications. These are also quite popular among kids, the working population, and millennials in many APAC countries like China and Japan. This is one of the key factors behind the growth of the market in APAC. Thus, increasing demand from millennials contributes to the growth of the global nut meals market during the forecast period.

Key Nut Meals Market Trend

A rise in disposable income and change in lifestyle is one of the trends influencing the nut meals market growth. The disposable income of people increased globally. For instance, according to the data stated by the Bureau of Economic Analysis, disposable personal income (DPI) increased by $89.7 billion (0.5%) in March 2022 in the US from April 2022. According to the Organization for Economic Co-operation and Development (OECD), household disposable income has increased in all developed and developing countries since 2021. Factors such as the increase in dual household income, per capita income, and rapid growth in the employment rate have driven the increase in disposable income worldwide. The growth in disposable income is expected to increase the spending and purchasing power of consumers. The eating habits of consumers are changing as their disposable income increases and due to their increasingly sedentary and stressful lifestyles. Food preferences have changed, resulting in a demand for easy-to-eat-and-serve foods and healthier snacks. Such factors, in turn, contribute to the global nut meals market growth during the forecast period.

Key Nut Meals Market Challenge

The impact of nut allergy is one of the challenges impeding the nut meals market growth. Nut allergy is a sensitivity caused due to consumption of tree nuts and other edible nuts. Tree nuts include all forms of nuts like macadamia, pecans, pistachios, shea nuts, hazelnuts, almonds, cashews, walnuts, and more. Nut allergy can lead to a critical reaction called anaphylaxis. Tree nut allergens can be fatal or have serious repercussions. Consumers who are allergic to one kind of tree nut are likely to be allergic to other tree nuts as well. So, they are recommended to avoid every kind of tree nuts. The allergy tends to last lifelong. However, the severity of the allergy might change during the course, and more exposure can increase the sensitivity or allergy. Nut allergen can also lead to other health problems like asthma, swollen eyes, skin rashes, and more. Thus, food allergen and regulations relating to it are likely to affect the growth of the global nut meals market during the forecast period.

This nut meals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global nut meals market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nut meals market during the forecast period.

Who are the Major Nut Meals Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Blue Diamond Growers
• Bobs Red Mill Natural Foods Inc.
• COFCO International
• Detriot Gourmet Nut Co.
• HBS Natural Choice
• Honeyville Inc.
• Kanegrade Ltd.
• King Arthur Baking Co. Inc.
• Ludlow Nut Co. Ltd.
• McCormick and Co. Inc.
• NOW Health Group Inc.
• Oh Nuts
• Royal Nut Co.
• Sun Organic Farm
• Superior Nut Co. Inc.
• The Hershey Co.
• The Wonderful Co. LLC
• Tierra Farm

 

This statistical study of the nut meals market encompasses successful business strategies deployed by the key vendors. The nut meals market is fragmented and the vendors are deploying organic and inorganic growth strategies such as to compete in the market.

Product Insights and News

• bluediamond.com - The company offers nut meals such as almond flour.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The nut meals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Nut Meals Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the nut meals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Nut Meals Market?

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47% of the market’s growth will originate from North America during the forecast period. The US is the key market for nut meals market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing employment rate will facilitate the nut meals market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic adversely affected the economies of various countries in North America. Governments of countries such as the US, Canada, and Mexico imposed stringent restrictions, such as nationwide lockdowns and stay-at-home regulations, which resulted in the temporary closure of various industries, including those manufacturing nut meals. This resulted in the decreased demand for nut meals from physical retail outlets due to the full or partial closure of these outlets.

What are the Revenue-generating Product Segments in the Nut Meals Market?

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The nut meals market share growth in the inorganic nut meals segment will be significant during the forecast period. It is an affordable meal and is available in the form of different packages and different nuts. However, the demand for healthy eating has encouraged the consumption of organic foods. But, the high price of organic nut meals might hinder the growth of the market segment. Therefore, most consumers will continue to purchase inorganic nut meals during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the nut meals market size and actionable market insights on post COVID-19 impact on each segment.

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Nut Meals Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.48%
Market growth 2022-2026	$ 2.36 billion
Market structure	Fragmented
YoY growth (%)	4.92
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 47%
Key consumer countries	US, China, Germany, France, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Blue Diamond Growers, Bobs Red Mill Natural Foods Inc., COFCO International, Detriot Gourmet Nut Co., HBS Natural Choice, Honeyville Inc., Kanegrade Ltd., King Arthur Baking Co. Inc., Ludlow Nut Co. Ltd., McCormick and Co. Inc., NOW Health Group Inc., Oh Nuts, Royal Nut Co., Sun Organic Farm, Superior Nut Co. Inc., The Hershey Co., The Wonderful Co. LLC, and Tierra Farm
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Nut Meals Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive nut meals market growth during the next five years
• Precise estimation of the nut meals market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the nut meals industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of nut meals market vendors

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