Tree Nuts Market | Global Industry Expected to Grow at CAGR of 3.46% and Forecast to 2022

Market Overview:

The global market for Tree Nuts is growing at a steady rate owing to increasing demand by numerous industrial sectors. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Tree Nuts Market Research Report- Forecast to 2023 that the market will demonstrate a steady CAGR % while achieving million dollar growth readily in the forecast period.

Tree Nuts are enriched with various nutritional benefits such as Vitamin E, Vitamin B2, essential minerals, and others. They are also high in antioxidants which adds to the health benefits obtained from Tree Nuts, thereby fuelling the demand for the product. Furthermore, Tree Nuts contain unsaturated and monounsaturated fatty acids (MUFA) which is another factor increasing the popularity of the product among the health conscious consumers. Also, Tree Nuts is used in various industries and have multiple uses, further driving the demand for the product.

Additionally, there is a huge demand for the product for culinary purpose owing to increasing awareness of benefits of Tree Nuts. It has also been observed that the customers are more inclined towards whole form of the product as it ensures that Tree Nuts are not contaminated. However, tree nut processing relies heavily on skilled labor which acts as a hindrance for the growth of the market. Furthermore, huge investments require for tree nut processing also hinders the market growth.

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Competitive Analysis:

The tree nut market is highly fragmented with many major and local players competing to gain a substantial market share. Majority of the companies are following both organic and inorganic strategy to attract potential customers and minimize local competitions. For instance, KP Nuts launched varieties of new flavors in recent years targeting young population. Furthermore, Amsterdam Commodities N.V. (Acomo) acquired one of the Netherlands’ leading nut trader Delinuts to capitalize on existing customer base as well as strengthen its product portfolio.

The key players profiled in Tree Nuts are as Golden Peanut Company Llc (U.S.), Olam International Ltd. (Singapore), Diamond Foods, Inc. (U.S.), Mariani Nut Company Inc. (U.S.), Blue Diamond Growers (U.S.), Select Harvests Ltd. (Australia), Waterford Nut Co. Inc. (U.S.), KP Nuts (U.K.), Amsterdam Commodities N.V. (ACOMO) (The Netherlands), and John B. Sanfilippo & Son, Inc. (U.S.) among many others.

Latest Industry Updates:

Dec 2017 John B. Sanfilippo & Son, Inc. acquired Squirrel Brand, L.P or $31.5 million. Squirrel Brand is one of the leading suppliers of premium roasted nuts and snack mixes under its Squirrel Brand and Southern Style Nuts brands. The acquisition of the Squirrel Brand business provides the company with an established customer base and branded product line which will help in business expansion.

Sep 2017 KP Nuts launched new “on the go”. The product is available in attractive new packaging in four flavors; Fruit and Nut Energy Mix, Orange Nut Fudge Energy Mix, classic flavors Dry Roasted, and Original Salted. The product launch is in line with company’s strategy to acknowledge changing consumer preferences and customize products accordingly.

Aug 2017 Blue Diamond Growers expanded its business in South African market by launching Blue Diamond Almond. Blue Diamond Almonds are enriched with calcium and vitamin E. They are also GMO, gluten, peanut, and MSG free. They are available in four flavors; Chilli and Lime, Roasted Salted, Salt and Vinegar, and Smokehouse.

May 2017 KP nuts launched two new products under “on the go” product range, namely fruit & nut energy mix and orange nut fudge energy mix. The company also expanded its core flavor range with new variants, Salted Caramel and Smokehouse BBQ. Through this product launch, the company aims to target younger, female demographic.

Mar 2017 Amsterdam Commodities N.V. (Acomo) acquired 100% share in nuts trader Delinuts, Netherland based company. The new subsidiary complements the existing activities of group companies in nuts and dried fruits.  Jan 2016 Emerald Nuts launched new line of cashews in innovative flavors, namely dill pickle, jalapeno, sriracha, and salt & paper. Furthermore, the new products are Non-GMO project verified.

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Market Segments:

The global Tree Nuts market has been divided into type, form, application, and region.

On The Basis Of Type: Cashew nuts, Walnuts, Almonds, Chestnuts, Pistachios, Hazelnuts, Brazil Nuts, Others

On The Basis Of Form: Whole, Roasted, Powder, Splits, Others

On The Basis Of Application: Direct consumption/Culinary purpose, Bakery and Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter and Spread, Dairy Products and Others

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

Regional Analysis:

The global Tree Nuts market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Asia-Pacific region is estimated to dominate the market followed by North America. China and Vietnam are major Tree Nuts producers in the Asia-Pacific region. Presence of various agro-climatic zones and seasons support various Tree Nuts crop such as cashew nuts, chestnuts and others backing up the increased production volume of the Tree Nuts. U.S. is considered to be major Tree Nuts market in the North-American region.