The global nuts products market was valued at USD 66.7 billion in 2022 and is projected to expand at a CAGR of 5.5% from 2023 to 2030. Nuts are widely consumed as snacks and ingredients in various food products. The rising health consciousness among consumers has stimulated the demand for nut-based products, as nuts are a rich source of vitamins, minerals, and other nutrients. Consumers are increasingly opting for healthy snacking options such as nuts, owing to their nutritional benefits, convenience, and affordability. Furthermore, the growing trend of veganism and flexitarianism is creating a demand for plant-based food items including nuts, thereby propelling the market growth.

Innovative product launches and packaging techniques have enabled market participants to penetrate the untapped markets. For instance, in October 2021, The Hershey Company announced the launch of its new nut-based snack brand, Nutters, in the U.S. The brand offers several nut-based products, including nut snacks, nut clusters, and nut butter. The brand’s range of products is sold in single-serve and multi-serve packs, which makes them appealing to consumers. Moreover, the company’s focus on manufacturing plant-based products is expected to drive the market growth.

The increasing demand for nuts in confectionery products is a major factor driving the market growth. For instance, in November 2021, Mars Wrigley announced the launch of its new product range, M&M’s Nutcracker Sweet, featuring chocolatey nut clusters with roasted almonds, hazelnuts, and peanuts. The product is available in three varieties—milk chocolate, dark chocolate, and peanut butter. Furthermore, the company is focusing on expanding its product portfolio by introducing new flavors and products in the market.

The increasing demand for organic and vegan products is creating an opportunity for market participants to launch organic nut products. For instance, in August 2021, Nature’s Bakery launched organic nut butter snack bars made with a blend of organic nuts and fruits. The vegan bars are available in three flavors—almond, cashew, and hazelnut. The company is focusing on launching new products to cater to the demand of health-conscious consumers.

Furthermore, the growing trend of premiumization among consumers is driving the demand for premium nuts, such as macadamia nuts and cashews, which are usually expensive. For instance, in January 2021, Eatnuts.com announced the launch of its new premium nut range, featuring a wide variety of nuts, such as cashews, macadamias, almonds, and walnuts. The company is focusing on producing premium nuts to cater to the demand of health-conscious consumers.

The dried nuts segment held the largest market share in 2020 and is expected to grow at a healthy CAGR during the forecast period. Dried nuts such as almonds, walnuts, and peanuts are rich in dietary fiber, vitamins, minerals, healthy fats, and proteins. Owing to their nutrient-rich nature, they are increasingly being used as a snack option over unhealthy snacks. In addition, the increasing availability and convenience of these products are among the key factors driving their growth.

The roasted nuts segment is projected to expand at the fastest CAGR of 8.5% over the forecast period. Roasted nuts are a popular snack item among health-conscious consumers, as they are a healthy substitute for fried snacks. They possess a rich flavor, which is further enhanced by the roasting process. Increasing awareness regarding the health benefits of nuts, such as healthy fats, proteins, and dietary fibers, is a major factor driving the growth of this segment. Furthermore, the availability of various flavors and convenience of packaging are other factors driving the segmental growth.

The supermarkets and hypermarkets segment held the major share of over 35.3% in 2022. The segment’s growth is attributed to the presence of a wide range of nuts products in these stores. Supermarkets & hypermarkets offer a vast selection of nuts products, giving customers the convenience to compare prices and choose the right product for their needs. Furthermore, these stores provide attractive discounts and schemes, which is likely to drive the demand for nuts products from these stores.

Online stores are expected to register the fastest growth rate over the forecast period, with a CAGR of 8.2%. The growth of the segment is attributed to the rising popularity of online stores among consumers. Online stores provide convenience to customers to purchase products from the comfort of their homes. Furthermore, online stores offer attractive discounts and schemes, which is likely to drive the demand for nuts products from these stores. In addition, the rising penetration of smartphones, which has enabled consumers to make easy and secure purchases, is likely to fuel the growth of the segment.

The raw segment accounted for the largest revenue share of 65.3% in the year 2022. The increasing popularity of health and wellness among the population, especially in developed countries, is driving the demand for raw nuts and seeds. The growing preference for nuts and seeds as a healthy snack is likely to boost the revenue of the raw segment. For instance, in March 2021, The Goodness Project launched a snack bar, which is made up of raw walnuts, almonds, and pumpkin seeds. Also, the surge in the demand for raw nuts in the production of bakery products is likely to propel the market in the forecasted period.

The processed segment is anticipated to expand at the highest CAGR of 8.7% over the forecast period. The growing demand for processed nuts, due to the emergence of innovative products in the market, is propelling the growth of the segment. For instance, in December 2020, The Goodness Project launched a new range of nut-based snacks, which are made of roasted almonds, peanuts, cashews, and hazelnuts. The increasing demand for processed nuts in the confectionery industry is also likely to drive the market in the forecast period.

Europe was the largest regional market and accounted for a market share of 37.2% in 2022. This is primarily due to a significant rise in the health-conscious population in the region. In addition, the presence of well-established nut processing companies in the region is further driving the market growth. For instance, in January 2021, The Nuttery, a U.K.-based nut manufacturer, launched almond-based products for its customers in Europe.

Asia Pacific is the fastest-growing regional market, with a CAGR of 7.7% from 2021 to 2027. The rising disposable income and changing lifestyle of consumers in the region are the key factors driving the growth of the market. In addition, the increasing awareness about the health benefits of nut consumption among consumers is further expected to support the market growth. For instance, in May 2021, Royal Nut Company launched a range of healthy nut products in India.

In this part of the business plan we will provide a detailed breakdown of all income and expense categories of the nuts products company. These forecasts include cash flow projections and capital requirements for the business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenue for a nuts products company comes from the sale of products such as nuts, dried fruits, and other snacks. This section will also include a description of any other revenue streams like retail sales, wholesale orders, online orders, and catering.

Projecting Expenses
In this section, all the regular expenses related to keeping the nuts products company running will be described. The list of operating expenses includes supplier costs, wages, taxes, advertising, utilities, and others. In addition, the costs associated with the production of the products, packaging, and storage should also be taken into account.

Some of the key companies operating in the nuts products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In January 2022, Diamond Foods, Inc. launched a range of flavored almonds that include chili lime, chocolate dusted, and honey roasted flavors.

– In July 2022, Blue Diamond Growers launched almond-based creamers and yogurts.

– In August 2022, Planters launched a range of flavored peanuts that include sea salt and vinegar, Thai sweet chili, and honey roasted flavors.

Some of the prominent players in the nuts products market include:

– Diamond Foods, Inc.
– Blue Diamond Growers
– Planters
– Ferrero Group
– Kraft Heinz Company
– McCain Foods
– Olam International
– Mars Inc.
– The Wonderful Company
– Pringles LLC

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global nuts products market based on product type, distribution channel, type, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Nuts & Seeds
– Dried Fruits
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Organic
– Conventional

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Leading Players in the Global Nuts Products Market?
[A]: Leading players in the global nuts products market include Planters, Blue Diamond Growers, Diamond Foods, Inc., Olam International, Mauna Loa Macadamia Nut Corporation, Paramount Farms, Inc., and International Nut and Dried Fruit Co. Ltd.

[Q]: What is the Potential of Plant-Based Nuts Products?
[A]: Plant-based nuts such as almonds, cashews, and walnuts are gaining traction due to their high nutritional value. These plant-based nuts have a range of health benefits, such as providing a rich source of antioxidants, protein, healthy fats, and dietary fiber. Plant-based nuts are also low in saturated fats and cholesterol.

[Q]: What are the Factors Driving the Global Nuts Products Market?
[A]: Factors such as increasing health consciousness among consumers, the rise in disposable income, and the growth in the retail industry are contributing to the growth of the global nuts products market.

[Q]: What are the Opportunities for Market Expansion?
[A]: Increasing demand for plant-based proteins, growing demand for snack foods, and the rise in e-commerce sales channels are expected to offer potential opportunities for market expansion in the near future. Furthermore, the development of innovative product formats and flavors are expected to create lucrative opportunities for market players.

[Q]: What Region Holds the Largest Market Share?
[A]: Asia Pacific is estimated to be the largest market for nuts products, due to the increasing population, rising disposable income, and changing lifestyles in the region.