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The US nuts market size is projected to increase by USD 3.20 billion, at a CAGR of 4.75% between 2023 and 2028.
Peanuts stand out as one of the most consumed nuts globally, enjoyed in myriad forms such as roasted, salted, and flavored. They serve as key ingredients in various snacks, confectionery, and culinary dishes, reflecting consumer preferences and global consumption trends. Peanut butter, a household staple, adds to their allure, providing convenience and nutrition in sandwiches, snacks, and baking recipes. This underscores the growth rate and significance of the peanuts segment in markets worldwide, as per industry forecasts and analysis. Campbell Soup Co. company offers nuts such as peanut nuts, sunflower nuts, whole cashews, honey-roasted peanuts, and salted peanuts, under the brand Lance.
The market shows an Accelerated CAGR during the forecast period.
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Growing awareness about health benefits is the key factor driving the market. Nuts are recognized for their nutrient-rich profile, containing healthy fats, protein, fiber, vitamins, minerals, and antioxidants, which contribute to various health benefits. As consumers become more health-conscious and proactive about their wellbeing, they are increasingly turning to nuts as a convenient and nutritious snack option that supports heart health, weight management, and overall wellness. Numerous studies have highlighted the positive impact of nut consumption on reducing the risk of chronic diseases.
Additionally, the fiber content in nuts promotes digestive health, regulates blood sugar levels, and supports weight management by promoting satiety and reducing appetite. Furthermore, as the emphasis on preventive health and wellness continues to grow, nuts are positioned as a natural and accessible superfood that aligns with consumers' desires for nutritious and functional foods. Consequently, the growing awareness about the health benefits will drive the growth of the market during the forecast period.
Rising demand for plant-based protein sources is the primary trend shaping the market. As consumers increasingly adopt vegetarian, vegan, or flexitarian diets for health, environmental, and ethical reasons, nuts are emerging as a highly sought-after protein alternative. With their nutrient-dense profile, nuts offer a rich source of protein, healthy fats, fiber, vitamins, and minerals, making them a valuable component of plant-based diets. As a result, consumers are incorporating nuts into their meals, snacks, and recipes to meet their protein needs while enjoying the health benefits associated with plant-based eating.
Additionally, nuts can be enjoyed in various forms, including whole, chopped, roasted, or ground, and can be incorporated into a wide range of dishes, from salads and stir-fries to smoothies and baked goods. Further, the convenience of nuts as a portable and on-the-go snack further contributes to their popularity among busy individuals looking for convenient and nutritious options throughout the day. Consequently, as the demand for plant-based protein sources continues to rise, the market is poised for further growth during the forecast period.
Allergen concern is a major challenge that affects the market. Peanuts and tree nuts are among the top food allergens, affecting a significant portion of the population, including children and adults. As a result, individuals with nut allergies must carefully navigate food labels and avoid products that may contain traces of nuts to prevent allergic reactions, ranging from mild to severe and potentially life-threatening. These allergen concerns create barriers to consumption for individuals with nut allergies, limiting the market potential for nut-based products and impacting purchasing decisions for households with allergy sufferers.
Furthermore, allergen labeling requirements and cross-contamination risks necessitate stringent quality control measures and regulatory compliance within the nuts industry. Manufacturers must implement strict allergen management protocols to ensure the safety of their products and prevent accidental exposure to allergens. This includes thorough cleaning procedures, segregation of production lines, and clear labeling of allergen-containing ingredients to communicate potential risks to consumers. Thus, such factors will hinder the market growth during the forecast period.
The whole segment will account for the largest share of this segment.?Whole are esteemed for their inherent taste, nutritional perks, and adaptability in diverse culinary creations, both sweet and savory. They're commonly sought by consumers for standalone snacking or to enhance recipes like salads, baked goods, and savory dishes, enriching them with texture, flavor, and nutrients. The whole category particularly caters to health-conscious individuals in search of minimally processed, nutrient-rich foods. Thus, the whole segment is witnessing sustained growth and innovation, with manufacturers introducing new varieties, flavors, and packaging to meet evolving consumer preferences for wholesome and nutritious snacks. These dynamics are poised to propel the expansion of the whole segment in the US nuts market during the forecast period.
The market share by the peanuts segment will be significant during the forecast period. peanuts represent a significant product segment due to their widespread popularity and versatile usage. Moreover, peanuts serve as a cost-effective source of protein and healthy fats, making them an attractive option for health-conscious consumers seeking satisfying and nutritious snacks.
The peanuts segment was valued at USD 2.94 billion in 2018.
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Furthermore, with their naturally rich flavor and crunchy texture, peanuts appeal to a wide range of taste preferences and dietary needs, further driving the demand in the market. Additionally, the versatility of peanuts allows for innovation in product development, leading to the introduction of new peanut-based snacks, spreads, and culinary ingredients to cater to evolving consumer trends and preferences. Thus, such factors will drive the growth of the peanuts segment of the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
American Pistachio Growers, Heritage Snacks & Food Co. Ltd, John B. Sanfilippo And Son Inc., Mariani Nut Co., Meherrin AG, NOW Health Group Inc., Olam Group Ltd., Pecan Deluxe Candy Co., Royal Nut Co., Select Harvest USA, Setton International Foods Inc., Sierra Nut House, Sun Maid Growers of California, The Nut Factory, The Wonderful Co. LLC, Treehouse California Almonds LLC, and Trophy Nut Co.
The market analysis and report of 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 market 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.
The market research and growth forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is witnessing remarkable growth, spurred by health-conscious consumers embracing plant-based diets recommended by the World Health Organization (WHO). The surge in the vegan population is driving demand for nuts, packed with essential nutrients like calcium, vitamin B12, and healthy omega-3 fats, ideal for diabetic-friendly and low-fat diets. Innovative product launches are capitalizing on this trend, offering wholesome snacks and functional, better-for-you snack mixes catering to Americans seeking healthier alternatives to traditional snacks. Major players like Wonderful Pistachios and Almonds and Kraft Heinz Co. are introducing clean label nut mixes with adventurous flavors and interesting textures. As the market expands, there's a growing emphasis on sustainable sourcing and traceability, ensuring quality and environmental responsibility in every bite.
Further, the market is experiencing a surge driven by the rising adoption of consuming healthy food and Paleo diets, alongside the growing vegan food trends. With their versatility, nuts are finding applications across various end-user industries. Innovative product launches are capitalizing on this trend, offering diabetic-friendly options with low-fat content and a diverse variety of nuts and seeds. In the United States nuts market, sales are soaring as consumers opt for healthier snacking alternatives, driven by concerns over cardiovascular diseases and supported by scientific studies highlighting the nutritional benefits of nuts.
Furthermore, the demand for healthy snacking options with all-natural ingredients is on the rise, fueled by increased awareness and a shift towards clean-label products. From walnuts to almond-based snack mixes, nuts offer a multi-sensory experience with bold blends while providing essential nutrients like vitamin E, magnesium, and potassium. As consumers prioritize value for money and sustainable ingredients, the nuts market continues to thrive with a focus on sustainable packaging and clean-labeled products.
Market Scope |
|
Report Coverage |
Details |
Page number |
141 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.75% |
Market Growth 2024-2028 |
USD 3.20 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.88 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Pistachio Growers, Archer Daniels Midland Co., Blue Diamond Growers, Campbell Soup Co., Heritage Snacks & Food Co. Ltd, John B. Sanfilippo And Son Inc., Mariani Nut Co., Meherrin AG, NOW Health Group Inc., Olam Group Ltd., Pecan Deluxe Candy Co., Royal Nut Co., Select Harvest USA, Setton International Foods Inc., Sierra Nut House, Sun Maid Growers of California, The Nut Factory, The Wonderful Co. LLC, Treehouse California Almonds LLC, and Trophy Nut Co. |
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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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 Type
8 Market Segmentation by Distribution Channel
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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