Nuts and Seeds Market Size, Industry Trends, Forecast 2028

Nuts and Seeds Market Size And Forecast

The Nuts and Seeds Market size was worth around USD 1,279.5 billion in 2021 and is estimated to grow to about USD 1,724.4 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.1 percent over the forecast period. The report analyzes the Nuts and Seeds Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Nuts and Seeds Market.

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Nuts and Seeds Market: Overview

The ever-expanding food and beverage business has increased demand in the global nuts and seeds market. The usage of nuts and seeds is not limited to the food industry; a number of different items are made by combining seeds, nuts, and fruits. As a result, there is no doubt that the global nuts and seeds market will grow at a breakneck pace. Nuts are utilized in a variety of confectionery items to provide taste and flavor, and this element has significantly boosted market demand.

Furthermore, the availability of several sorts of seeds utilized for sapling germination has produced a noteworthy market need. Special oils are produced from high-quality seeds, which has increased market demand. In the global market for nuts and seeds, there is a significant likelihood of new and untapped growth avenues appearing. Several cuisines, including Indian, Thai, and Greek, necessitate the use of nuts and seeds in sufficient quantities. As a result, the global market for nuts and seeds is likely to increase at a rapid pace in the coming years.

Covid-19 Impact;

Due to the COVID-19 epidemic, there was a rapid short-term increase in the sale of nuts and seeds due to panic buying as individuals stocked up on food due to uncertainty about what would happen next. Consumers were more likely to purchase food products that could be stored for a longer amount of time, such as seeds and nuts. However, a scarcity of supply and the closure of production owing to global lockdown has resulted in a standstill in revenue generation in the nuts and seeds industry. During the COVID, the nut business also experienced a slowdown because nuts are pricey and do not fall under the category of necessary products. However, following the shutdown, production of nuts and seeds has resumed in several nations, and availability is likely to improve over the next few months.

Nuts and Seeds Market: Driver

Increasing demand for nuts and seeds from a variety of end-use applications in the household and food processing industries is predicted to drive revenue development in these target industries. Additionally, modest consumption of nuts and seeds lowers the risk of coronary heart disease, manages diabetes in patients, and has other health benefits.

Changing living standards in established and developing nations, changing consumer lifestyles, increased awareness about the nutritional advantages of nuts and seeds, and the need for new taste preferences are some of the drivers projected to drive revenue growth in the target market. Due to their beneficial health effects, certain nuts, such as almonds and walnuts, are becoming more popular in the cosmetics sector for use in the preparation of various cosmetic formulations. This is another aspect that is expected to have a positive impact on revenue growth in this target market.

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Nuts and Seeds Market: Restraint

However, high pricing for nuts and seeds, as well as government rules and standards governing the import/export of food goods, are among the significant factors that are likely to limit the global nuts and seeds market's growth to some extent. Moreover, the process of extraction of oil from the seeds and nuts is extremely difficult and time-consuming. Thereby fuelling the price of the seed-based oil and nuts

Nuts and Seeds Market: Segmentation

The Nuts and Seeds Market is segregated based on Product Type, and Application.

By Product Type, the market is classified into Nuts and Seeds. The nuts dominated the segment in the forecast period. Nuts with omega 3 and 6 saturated fats include hazelnuts, almonds, walnuts, peanuts, cashews, pistachios, and pecans. These substances are beneficial in the treatment of excessive cholesterol, high blood pressure, and metabolic syndrome. Due to their use in confectioneries and restaurants, the demand for nuts has been skyrocketing. Furthermore, many handmade foods are adorned with nuts, which has increased the demand for nuts. Consumption of nuts also lowers the risk of cancer and improves blood levels. The almond can help you lower your cholesterol levels. The nuts are also useful in the dieting process since they assist lower blood pressure and promoting weight loss.

By Application, the market is classified into Bakery and Confectionery, Dairy, Industrial, and Other Applications. Due to the rising demand for innovative and tasty bakery and confectionery goods, the bakery and confectionery application segment is predicted to rise rapidly during the forecast period. The increased launch of baked and savory foods with appealing additions by market players is expected to expand their applicability across the segment.

Report Scope:

Nuts and Seeds Market: Regional Landscape

North America had the largest packaged nuts and seeds market share in terms of revenue. The presence of critical processed food producers, as well as increased innovation in the incorporation of nuts and seeds and food processing technologies, are expected to promote the expansion of nuts and seeds in North America. Consumer demands for pleasant and healthful processed foods are driving the expansion of the nuts and seeds industry in the aforementioned region. Bayer Crop Science A.G., McCormick and Company Inc., and other key competitors in North America and Europe are focusing on acquisition, partnership, and mergers activities to improve their market position.

The Asia Pacific is expected to be a very profitable geographical market, growing at a rapid pace during the forecast period. The burgeoning food processing industry, rising per capita income, and consumers' healthy eating habits would increase demand for nuts and seeds from food makers in the Asia Pacific. The rising disposable income and preference for healthy eating over fatty foods are expected to have an impact on the growth of the nuts and seeds market in this region. People are willing to pay more for better food goods, which are sold at higher prices than ordinary products. This is related to changing spending habits and an increase in people's purchasing power. The number of gym-goers in India and China is growing, which would likely increase demand for nut-based bars.

Nuts and Seeds Market: Competitive Landscape

Some of the main competitors dominating the Nuts and Seeds Market include -

• Archer Daniel Midlands Company
• Olam International
• Sun-Maid Growers of California
• H.B.S. Foods
• Kanegrade Ltd
• Wonderful Pistachios & Almonds LLC
• Nuts.com.

Nuts and Seeds Market is segmented as follows:

By Product Type

• Nuts
• Seeds

By Application

• Bakery and Confectionery
• Dairy
• Industrial
• Other Applications

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa