Rising health awareness among consumers and rising snack consumption is the major factor driving the growth of the Edible Nuts market.
HYDERABAD, TELANGANA, INDIA, Nov 21, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that the market size of edible nuts is estimated to reach $300 million by 2026, with growth 5.6% compound annual through 2021. 2026. Edible nuts are considered the most nutritionally concentrated food sources, high in protein, energy, minerals and many more. There are several types of edible nuts such as peanuts, almonds, hazelnuts, pistachios, cashews, and walnuts. Edible nuts help to improve the nutritional value of a dish which increases the use of edible nuts in the food and beverage industry. The edible nuts are used in various types of mixes and can easily be stored for 6 months to 1 year. Manufacturers are also producing high-quality edible nuts due to increasing consumer demand.
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This IndustryARC report on the edible nuts market highlights the following areas:
1. In 2020, Europe dominated the market for edible nuts due to increased consumption of organic, calorie-free and safe food products which increases the preference for edible nuts. Furthermore, increasing import volumes of edible nuts further fuel the growth of the edible nuts market.
2. Rising health awareness among consumers and increasing snack consumption are enhancing the growth of the edible nuts market.
A detailed analysis of the strength, weakness, and opportunities of the leading manufacturers operating in the market will be provided in the Edible Nuts market report.
3. High cost of processing techniques is set to create obstacles to the market for edible nuts.
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Edible Nuts Segment Analysis – By Product Type – The Edible Nuts market based on product type can be further segmented into Cashews, Walnuts, Almonds, Chestnuts, and Others. The Cashew segment is the main segment that generates revenue in 2020.
Edible Nuts Segment Analysis – By Application – The application-based edible nuts market can be further segmented into Bakery & Confectionery, Snacks, Dairy, Beverages, and Others. The Bakery and Confectionery segment records for the highest Edible Nuts market share in 2020. This is mainly due to the fact that manufacturers are producing various energy bars that contain a variety of edible nuts and provide various health benefits. which increase consumer preference and thus increase market growth.
Edible Nuts Segment Analysis – By Geography: Europe dominated the edible nuts market with a significant share of 45% in 2020. This is due to increased consumption of organic, calorie-free and safe food products increasing preference for nuts groceries. Furthermore, increasing import volumes of edible nuts in various countries such as the Netherlands, Germany, France, and the United Kingdom are further driving the growth of the edible nuts market.
The top 5 players in the edible nuts industry are:
1.Diamond Foods, Inc.
2. Archer Daniels Midland Company
3. Olam International
4. Blue Diamond Growers
5.Mariani Nut Company
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