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The manufacturers are aiming to prepare food products using ingredients that are healthy and promote sustainability. The growing demand for convenient food products that can be consumed quickly and on-the-go is driving the demand for products like roasted acorn nuts. It is relatively easy for cultivators and food manufacturers to gather acorns and store it. Further, acorns in dried forms may last for several years. The oak trees do not require special farming activities or a large supply of water and pesticides like other sources for nuts, grains, or cereals, making it an economical alternative for the manufacturers. The regions like Europe and North America are expected to witness an increased demand for acorn nuts owing to the rising preference for food products with high nutritional value. The growing cases of obesity and prevalence of various lifestyle related disorders are driving this trend in the region.
These nuts are available in different types and different forms and, thus, can be utilised in various end use industries like butter and spread, bakery and confectionery, and others, depending on the requirement. The easy availability of these end-use products through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to boost the demand for the product in the coming years.
Market Breakup by Type, Form, End Use, and Region:
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