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The global tree nuts market size is projected to grow at a CAGR of 3.1% between 2024 and 2032. The market is majorly being driven by the rising awareness of its health benefits among consumers.
Various edible dried fruits or seeds of woody plants without leaves are known as tree nuts. Tree nuts refer to food high in unsaturated fatty compounds and are also rich in high-quality vegetable proteins, fibres, and unique minerals and nutrients, like magnesium and vitamin E.
The growing awareness regarding the health benefits of tree nuts is one of the key factors driving the tree nuts market growth. Tree nuts like cassava, almonds, and pistachios can successfully fulfil the deficiency of different types of minerals and proteins within the human body, which leads to increased tree nut consumption. Another major factor is the rise in the use of tree nut oils in the cosmetics sector. Tree nuts could be used as a perfect skin and hair nutrient to relieve dark circles and discomfort, prevent skin wrinkles and protect the skin from damage caused by antioxidants. Therefore, tree nut oils are commonly used as anti-ageing products as they help maintain skin moisture and avoid ageing.
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Growth in plant-based diets; premiumisation and value-added products; sustainability and environmental concerns; and technological advancements in processing and packaging are the major trends in the tree nuts market
Date | Company | Product | Action |
Feb 2024 | Wonderful Pistachios | Jalapeño Lime flavour | Broadened its selection of plant-based snacks by adding a fresh Jalapeño Lime flavour to its pistachio nut range. |
Dec 2023 | Blue Diamond Growers | Almond & Oat Blend beverage | Expanded its Almond Breeze line of plant-based milk by introducing a new Almond & Oat Blend beverage, which blends California almonds with oat milk. |
Oct 2023 | Lir Chocolates | Baileys Chocolate Nut Mix | Extended its Baileys Chocolate collection by unveiling its newest addition, the Baileys Chocolate Nut Mix, which features roasted almonds mixed with caramelised hazelnuts, cashews, and almonds. |
May 2023 | Hershey India Pvt Ltd | HERSHEY'S KISSES Special Dark 'n' Almonds | Broadened its HERSHEY'S KISSES product line by launching a new flavour, HERSHEY'S KISSES Special Dark 'n' Almonds. |
Trends | Impact |
Growth in plant-based diets | The rise of veganism, vegetarianism, and flexitarian diets has led to increased demand for plant-based protein sources, including tree nuts. |
Premiumisation and value-added products | There is a growing market for premium and value-added nut products, such as organic, non-GMO, and flavoured nuts. |
Sustainability and environmental concerns | Tree nuts are perceived as a more sustainable alternative to animal proteins, and sustainable farming practices for nut production are increasingly being adopted. |
Technological advancements in processing and packaging | Technological improvements in processing and packaging methods, such as automated sorting and quality check to ensure food safety and quality influence the tree nuts market positively. |
Consumers are increasingly prioritising health and wellness in their food choices, seeking products that are not only nutritious but also free from additives and genetically modified organisms (GMOs), supporting the organic tree nuts market. Organic and non-GMO nuts are produced without synthetic pesticides, fertilisers, or genetic modification, appealing to health-conscious shoppers. Moreover, organic farming practices, which are often used to produce these premium nuts, are viewed as more environmentally friendly and sustainable as they promote soil health, reduce pollution from pesticides and fertilisers, and protect water quality.
Besides, there is a growing demand for innovative and diverse options that suit consumer preferences in terms of flavours and packaging. In February 2024, Wonderful Pistachios announced that it is enhancing its portfolio of plant-based snacks by introducing a new flavour variant, Jalapeño Lime, to its range of pistachio nuts. This move reflects the brand's commitment to offering innovative and flavorful options that cater to the evolving taste preferences of health-conscious consumers.
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“Tree Nuts Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup | Categories |
Product | Almonds, Pistachios, Walnuts, Cashews, Others |
Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Almonds account for the majority of the tree nuts market share as they are a staple part of several diets and cuisines around the world
Almonds hold a major share of the total market value. They are widely consumed across the world and are a staple in the diets and cuisines of many countries. The United States, particularly California, is the largest producer of almonds, contributing significantly to the global supply. Their popularity is also due to their versatility, health benefits, and use in various food products, including almond milk, snacks, and confectioneries.
Walnuts are expected to gain a considerable share over the forecast period and China and the United States are among the leading producers. They are known for their health benefits, including high omega-3 content, and are used in a variety of food products, which boosts their demand.
Cashews are widely used for snacking, cooking, and in the production of cashew milk and cashew butter, and their creamy texture and rich flavour make them a favourite among consumers. Countries like Vietnam, India, and Ivory Coast are some of the top producers of cashews.
Meanwhile, there is a surge in production of pistachios in Iran and the United States to meet their growing demands. They are consumed both as snacks and used in various culinary applications, and their unique flavour and health benefits contribute to their popularity.
The market players are expanding their product portfolio and introducing innovative offerings to gain a competitive edge in the market
Company | Founding Year | Headquarters | Products |
Archer Daniels Midland Company (NYSE: ADM) | 1902 | Illinois, United States | Food ingredients, animal feed ingredients, renewable fuels, naturally derived alternatives to industrial chemicals. |
Blue Diamond Growers | 1910 | California, United States | Whole almonds, almond milk, almond snacks. |
Mariani Nut Co. | 1972 | California, United States | Almonds, walnuts, pecans. |
Olam International Ltd. | 1989 | Singapore | Cocoa, coffee, edible nuts, spices, dairy products, cotton. |
Other notable players in the market include Select Harvests Limited, among others. The market players are engaging in a variety of strategies to enhance their market position, respond to consumer demands, and address global challenges. These strategies are influenced by evolving consumer preferences, sustainability concerns, and technological advancements.
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Europe occupies a dominant share in the tree nuts market. European consumers are becoming increasingly health-conscious, seeking foods that offer nutritional benefits, such as high protein, fibre, and healthy fats. Tree nuts, being rich in these nutrients, are seen as a beneficial addition to the diet. This awareness has boosted the consumption of almonds, walnuts, pistachios, and other nuts as snacks and ingredients in meals. There is a growing trend towards vegetarianism, veganism, and plant-based diets in Europe and nuts are a crucial component of these diets, serving as a key source of protein and other nutrients for people who do not consume animal products. This has led to an increase in the use of nuts in various forms, including whole, as butter, and in plant-based milk and cheese alternatives.
The North America tree nuts market has seen a significant growth in recent years. In the region, there is a strong and growing focus on health and wellness, with consumers seeking foods that support a healthy lifestyle. Tree nuts are highly regarded for their nutritional benefits, being rich sources of healthy fats (primarily unsaturated fats), protein, fibre, vitamins, and minerals. The awareness of these health benefits has led to increased consumption of nuts as part of a balanced diet. There has also been a noticeable shift in snacking habits among North American consumers, with a move towards healthier and more nutritious snacks. Nuts fit well into this trend as they are convenient, satisfying, and nutrient-dense, making them a popular choice for snacks.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
istorical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global tree nuts market is projected to grow at a CAGR of 3.1% between 2023 and 2032.
The major drivers of the market are increasing population, the rising awareness of tree nuts health benefits, and their ability to fulfil the deficiency of different types of minerals and proteins.
The key trends guiding the market growth includes the rise in the use of tree nut oils in the cosmetics industry and increasing disposable incomes.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products in the market for tree nuts are almonds, pistachios, walnuts, and cashews, among others.
The major players in the market are Archer Daniels Midland Company (NYSE: ADM), Blue Diamond Growers, Mariani Nut Co., Olam International Ltd., and Select Harvests Limited, among others.
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