Nuts and Seeds Market Size, Share, Trends, Growth and Forecast 2032

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Free Analysis

The nut is a fruit which consists of a seed and a hard shell. Nuts are usually edible. As per botanical definition, the nut is a hard dry fruit that does not undergo splitting at maturity phase for releasing single seed. A seed is defined as an embryonic plant placed within a layer known as a seed coat along with a few stored foods. There are various seeds which are edible, particularly seeds from legumes and cereal. Edible seeds are obtained from a wide range of plant species, including angiosperms and gymnosperms. Nuts and seeds are rich sources of nutrients and energy. One handful pack of nuts and seeds such as walnuts, almonds, pistachios, sunflower seeds, and pumpkin seeds can provide a powerful combination of fats, minerals, and vitamins which boost the immune system and improves the health of heart and brain.

Increasing population around the world has led to high consumption of nuts and seeds. Increased consumption of nuts and seeds coupled with the growing trend of a healthy lifestyle is driving the growth of the global nuts and seeds market. Improved standard of living and changing consumer preference is also anticipated to fuel the market growth during the forecast period. 

Based on the product type, the nuts and seeds market can be segmented into nuts and seeds. Nuts are further segmented into different types such as pistachios, cashew nut, almond, walnut, macadamia nut, and others. Among these different types of nuts, almond is the most popular and largely produced and consumed nut. Almond is widely used in bakery and confectionery products such as cake, chocolates, ice-creams, and biscuits. Seeds are further segmented into different types such as sunflower seeds, chia seeds, sesame seeds, pumpkin seeds, flaxseeds, and others. Among these various types of seeds, sunflower seeds are most widely used in different applications. The segment is followed by chia seeds owing to its increasing acceptance among consumers as a food ingredient.

On the basis of the distribution channel, the nuts and seeds market can be segmented into the online and offline channel. The offline segment accounted for the largest market share in 2017 and is anticipated to grow at a considerable rate during the forecast period. The offline segment is further classified into different channels such as supermarket and specialty stores. The online channel segment is anticipated to show moderate growth in the near future. The growing use of smartphones and the increasing trend of digitization is anticipated to boost the market during the forecast period.

By geography, North America accounted for the largest chunk of market share in terms of revenue in 2017. The market is expected to be driven by the high production of nuts such as almond and macadamia. In terms of revenue, North America was followed by the Asia Pacific and Europe in 2017. Europe is expected to show significant growth in the near future. This is mainly due to increasing demand for soybean and kernel oil, brought on by growing health awareness.

The key players operating in the global nuts and seeds market accounted for a considerable market share in 2017. The major companies operating in the market are investing in product innovation such as combining chemistry and genetics, shareholding purchase and quality standard maintenance in order to offer innovative products and to enter into the overseas market. Some of the key players in the nuts and seeds market are Syngenta A.G., Cargill Incorporated, Blue Diamond Growers Inc., Richardson International, Diamond Foods Incorporated, McCormick and Company Inc., and Bayer Crop Science A.G.