Tree Nuts Market Analysis, Size, and Forecast 2024-2028:
North America (Canada), Europe (France, Germany, Italy, and UK), Middle East and Africa (Egypt, KSA, Oman, and UAE), APAC (China, India, and Japan), South America (Argentina and Brazil), and Rest of World (ROW)

Tree Nuts Market Size 2024-2028

The tree nuts market size is forecast to increase by USD 24.67 billion, at a CAGR of 8.09% between 2023 and 2028.

• The market is experiencing significant growth due to the increasing preference for plant-based food options among millennials. This demographic is driving the demand for vegan snacks, which often include tree nuts as a primary ingredient. Another trend is the expansion of the tree nut oils market In the cosmetics industry, providing new opportunities for market growth. Almonds, the largest segment, are highly nutritious, rich in essential nutrients such as protein, fiber, vitamins, and minerals. However, the market also faces challenges, including the potential for tree nuts to act as allergens. Allergic reactions to tree nuts can lead to recalls and damage to brand reputation.
• Companies must invest in research and development to create allergen-free products or implement rigorous allergen control measures to mitigate this risk. To capitalize on market opportunities and navigate challenges effectively, businesses should focus on innovation, quality, and transparency. Developing new tree nut-based products that cater to the growing demand for plant-based options and ensuring food safety standards can help companies differentiate themselves in the competitive landscape.

What will be the Size of the Tree Nuts Market during the forecast period?

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.

How is this Tree Nuts Industry segmented?

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.

• Product
  • Almonds
  • Pistachios
  • Walnuts
  • Cashews
  • Others
• Distribution Channel
  • Offline
  • Online
• Application
  • Snacks
  • Bakery & Confectionery
  • Dairy Alternatives
  • Beverages
  • Nut Butters
• Form
  • Raw
  • Roasted
  • Blanched
  • Flavored
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Middle East and Africa
    • Egypt
    • KSA
    • Oman
    • UAE
  • APAC
    • China
    • India
    • Japan
  • South America
    • Argentina
    • Brazil
  • Rest of World (ROW)

By Product Insights

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.

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The Almonds segment was valued at USD 9.65 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

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.

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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.

Market Dynamics

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.

What are the key market drivers leading to the rise in the adoption of Tree Nuts Industry?

• The surging interest in vegan snacks among the millennial demographic is the primary factor fueling market growth. 

• Tree nuts continue to gain popularity as a preferred snack choice among consumers, particularly millennials, worldwide. This trend is observable in countries such as Australia, Germany, and China, where the increasing purchasing power of this demographic is driving demand. The health benefits associated with tree nuts, coupled with their convenience as portable snacking options, make them an attractive choice for consumers with busy lifestyles. The market offers a range of value-added products, including those with shell removal methods, to cater to various consumer preferences. Market prices for tree nuts fluctuate due to factors such as harvesting techniques, climate change adaptation, and packaging solutions.
• Traceability systems are increasingly being adopted by market players to ensure product authenticity and safety. The tree nut industry is continuously innovating to meet consumer demands. For instance, nut ingredient applications in various food and beverage products have expanded, providing new opportunities for growth. Climate change adaptation measures, such as improved harvesting techniques and sustainable farming practices, are also being implemented to ensure a consistent supply of high-quality tree nuts. Packaging solutions that maintain the freshness and quality of tree nuts are essential to meet consumer expectations. As the market evolves, it is crucial for players to stay updated on the latest trends and consumer preferences to remain competitive.

What are the market trends shaping the Tree Nuts Industry?

• The cosmetics industry is witnessing an upward trend towards the incorporation of tree nut oils. This emerging market preference is driven by their numerous benefits, including nourishing and moisturizing properties.

• Tree nuts and their derived oils hold significant value in various industries, particularly in cosmetics, due to their nourishing properties for skin and hair. The cosmetic benefits of tree nuts have led to an increased demand for tree nut oils. Walnut oil, for instance, is rich in omega-3 fatty acids and is commonly used for massage and aromatherapy. Its antioxidant properties help prevent wrinkles and protect the skin from damage. To ensure the highest quality and nut yield, producers employ rigorous quality control measures and nutrient management practices. Disease prevention methods and pest control strategies are essential to maintain tree health and maximize yield.
• Furthermore, adherence to food safety regulations is crucial to meet consumer preferences and maintain a strong market presence. The availability of a diverse range of tree nuts offers consumers a variety of options for cosmetic use. Each nut oil possesses unique properties, catering to specific needs and preferences. As the market for tree nut oils continues to grow, producers must remain committed to maintaining quality and implementing effective production methods to meet the increasing demand.

What challenges does the Tree Nuts Industry face during its growth?

• The presence of potential allergens poses a significant challenge to the growth of the industry, requiring continuous efforts to ensure product safety and compliance with regulatory standards. 

• Tree nuts, known for their numerous health benefits, hold significant potential in the global market. However, they pose a challenge due to the presence of allergenic proteins that can trigger serious health issues for those allergic to tree nuts. Tree nut allergy, a priority allergen identified by Health Canada, is prevalent globally, with rates in the US being 0.2% among children and 0.5% among adults. This condition is particularly common in infants and young children. The prevalence of tree nut allergies poses a significant limitation to market growth during the forecast period. Effective pollination strategies, integrated pest management, and orchard management practices are crucial in tree nut production.
• Nut butter production, a significant application of tree nuts, requires advanced processing technologies. Supply chain logistics play a vital role in ensuring the timely delivery of tree nuts from the orchards to the processing facilities. In tree nut crop production, the use of modern farming techniques and sustainable practices is essential. Integrated pest management is a crucial aspect of orchard management, ensuring the health of the trees while minimizing the use of pesticides. Processing technologies, such as roasting, pressing, and grinding, are essential in nut butter production. Effective supply chain logistics is necessary to ensure the timely delivery of tree nuts from the orchards to the processing facilities.

Exclusive Customer Landscape

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

Key Companies & Market Insights

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:

• Archer Daniels Midland Co.
• Barry Callebaut AG
• Blue Diamond Growers
• Borges Agricultural and Industrial Nuts SA
• BredaBest BV
• Diamond Foods LLC
• Hines Nut Co.
• IMPORTACO SA
• Intersnack Group GmbH and Co. KG
• Kanan Enterprises
• Kanegrade Ltd.
• Mariani Nut Co.
• Olam Group Ltd.
• Plantabul Ltd.
• Poindexter Nut Co.
• Select Harvests Ltd.
• Summit Almonds LLC
• Sun Valley Nut LLC
• Voicevale Ltd.
• Waterford Nut Co.

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.

Recent Development and News in Tree Nuts Market

• In January 2024, Arboreal Foods, a leading tree nuts processor, announced the launch of a new line of roasted and seasoned tree nut snacks, expanding its product portfolio to cater to the growing demand for convenient and flavored nut snacks (Arboreal Foods Press Release).
• In March 2024, The Tree Nut Company entered into a strategic partnership with a leading food tech firm, FoodTech Innovations, to develop and commercialize tree nut-based plant-based meat alternatives, marking a significant move into the plant-based food market (The Tree Nut Company Press Release).
• In May 2024, Blue Diamond Growers, a major player in the tree nuts industry, completed a USD50 million funding round led by S2G Ventures to support its research and development efforts in creating sustainable and innovative tree nut products (Blue Diamond Growers Press Release).
• In February 2025, the European Union approved the import of US-grown almonds, ending a long-standing trade dispute and allowing the US tree nuts industry to expand its reach into the EU market, which is the world's second-largest importer of tree nuts (European Commission Press Release).

Research Analyst Overview

• Tree nuts, including almonds, cashews, pistachios, and walnuts, continue to capture the attention of health-conscious consumers due to their nutritional value and health benefits. Nut product development is a key trend in the market, with food processing techniques advancing to enhance product innovation. Sustainable packaging and waste reduction are crucial aspects of the industry, addressing environmental concerns. Tree nut farming employs various methods, such as frost protection and yield prediction models, to ensure economic viability. Pest resistance and disease resistance are essential for maintaining quality consistency and reducing production costs. Consumer acceptance drives the market, with ethical sourcing and supply chain transparency becoming increasingly important.
• Energy efficiency, labor efficiency, and shelf life extension are crucial for profitability analysis. Risk management strategies, water conservation, and carbon footprint reduction are also significant trends in the market. Mechanical harvesting and drought tolerance are essential for efficient farming operations, while quality assessment methods ensure product integrity.

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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What are the Key Data Covered in this Tree Nuts Market Research and Growth Report?

• CAGR of the Tree Nuts industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the tree nuts market growth of industry companies

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