The global tree nuts products market size was valued at USD 41.5 billion in 2022 and is projected to expand at a CAGR of 6.2% from 2023 to 2030. Tree nuts are a key source of dietary nutrition and are considered to be a high-value commodity. The health benefits of tree nuts, such as their high protein content, healthy fats, and various essential vitamins and minerals, are driving their consumption. Furthermore, the increasing demand for tree nuts in various applications, such as snacks, bakery products, confectionery, and breakfast cereals, is projected to drive the market in the coming years.

The surge in health concerns among consumers has led to a shift in their food preference, with a greater focus on healthy and nutritious food. The consumption of tree nuts has seen a surge in the past few years, due to their health benefits. Additionally, the rising trend of snacking has boosted the demand for tree nuts as snacks and inclusions.

The growing demand for these products in the food industry is expected to support the market growth over the forecast period. Furthermore, the rising demand for these products in the pharmaceutical, cosmetics, and animal feed industries is also projected to act as a key factor driving the market. For instance, a wide variety of tree nuts are used in the cosmetics industry, as they are known for their skin-nourishing properties.

Moreover, the rising demand for vegan products has led to an increase in the availability of various tree nut-based vegan products, such as almond milk, almond butter, and cashew milk, among others. Manufacturers are launching various innovative plant-based products with tree nuts to cater to the rising vegan population. Furthermore, the changing lifestyle of people and the rising purchasing power of consumers are some of the key factors driving the demand for high-value tree nuts, such as cashews, walnuts, and almonds.

The rising health concerns among consumers have led to the introduction of organic tree nut products in the market. The growing demand for organic tree nuts is due to the fact that they are free from pesticides, artificial fertilizers, and synthetic preservatives. Moreover, the rising demand for gluten-free products is also expected to drive the demand for tree nuts, as they are naturally gluten-free.

The tree nuts segment dominated the market in 2020, and is anticipated to register a CAGR of 5.2% during the forecast period. The growth of the segment is attributed to the increasing demand for tree nuts in several applications, such as confectionery products, bakery products, and snacks. Moreover, the availability of tree nuts in the form of processed products, such as roasted, salted, and flavored, has been driving the market growth. According to an article published by the Food and Agriculture Organization of the United Nations, in 2020, tree nuts are being used as ingredients in health products and supplements, owing to their rich nutritional content.

The dried tree nuts segment is anticipated to register the highest growth during the forecast period. Increasing demand for healthy snacks and confectionery items is driving the growth of the segment. Moreover, rising health concerns among consumers, coupled with the availability of premium and organic dried tree nuts, are further propelling the market growth. According to a study published by the University of California, Davis, in 2020, molecular and genetic techniques are being used to develop new varieties of tree nuts, which have a higher nutritional value and a better shelf life. These techniques are expected to further drive the market growth.

The supermarkets and hypermarkets segment captured the major share of over 41.3% in 2022. Supermarkets and hypermarkets have emerged as the most preferred channel for purchasing tree nuts due to the availability of a wide range of products, competitive prices, and convenience. Furthermore, supermarkets & hypermarkets also offer special discounts and offers, thereby providing customers with attractive deals.

The online segment is anticipated to expand at the highest CAGR of 12.6% over the forecast period. The rise of e-commerce has been beneficial for the tree nuts market, as it has enabled customers to purchase these products from the comfort of their homes. Moreover, online stores offer a wide range of products at competitive prices and provide customers with convenience, thereby driving the segment’s growth. In addition, various retailers and brands are also actively engaging with shoppers through social media platforms, thereby creating brand awareness and boosting sales.

The whole segment accounted for the largest revenue share of 73.8% in the year 2022. The rising trend of snacking and the growing demand for healthy snacks are driving the market for whole tree nuts. Moreover, whole tree nuts are used as ingredients in bakery, confectionery, and chocolate products. The growing demand for these products, in turn, is propelling the market of the whole segment. Furthermore, the rising trend of veganism is also driving the demand for whole tree nuts as they are a great source of plant-based protein.

The processed segment is anticipated to expand at the highest CAGR of 8.9% over the forecast period. The rising demand for convenient snacks and the increasing trend of on-the-go snacking are driving the demand for processed tree nuts. Furthermore, the increasing demand for processed tree nuts in the bakery and confectionery industry is also propelling the market. For instance, in April 2021, Kellogg’s launched a new breakfast cereal with tree nuts and dried fruits.

Asia Pacific is anticipated to remain the largest regional market for tree nuts over the forecast period. The presence of major tree nut-producing countries, such as China, India, and Indonesia, is driving the regional market growth. Furthermore, the growing demand for healthy snacks and increasing awareness regarding tree nut-based products among consumers have driven the regional market growth. For instance, in October 2021, a new range of roasted and flavored tree nuts was launched in India by Nestlé India.

North America is expected to witness the fastest growth over the forecast period. The growth is attributed to the increasing consumption of tree nuts in the region. Furthermore, the growing demand for vegan and gluten-free alternatives is expected to drive the regional market growth. For instance, in April 2022, Gaea launched a new line of tree nut-based products in the U.S. with a focus on the vegan and gluten-free markets.

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

Revenue Assumptions
The main sources of revenue for a tree nuts products business come from the sale of tree nuts, as well as related products such as nut butters, spreads, and snacks. Other potential sources of income may include online sales, bulk orders, and direct-to-consumer sales.

Projecting Expenses
In this section, all the regular expenses related to keeping the tree nut products business running will be described. The list of operating expenses includes wages, utilities, rent, maintenance and repairs, taxes, insurance policies, advertising, and others. Additionally, you will need to include the costs of the raw materials needed to make the tree nuts products such as the nuts, packaging materials, and shipping costs.

Some of the key companies operating in the tree nuts 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 June 2022, Planters launched a new range of roasted and salted tree nuts in a variety of flavors.

– In August 2022, Wonderful Pistachios launched a new range of lightly salted and unsalted pistachios.

– In October 2022, Diamond of California launched a range of flavored and un-flavored tree nuts.

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

– Planters
– Wonderful Pistachios
– Diamond of California
– Blue Diamond Growers
– Borges USA
– SunOpta Inc.
– Olam International
– Paramount Farms
– Nut Harvest
– Yara International ASA

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 tree nuts products market based on product, distribution channel, type, and region:

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

– Almonds
– Cashews
– Pecans
– Walnuts
– Pistachios
– Macadamias
– Hazelnuts
– Others

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

– Supermarkets & Hypermarkets
– Online
– Others

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

– Raw Nuts
– Processed Nuts

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

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

[Q]: What are Tree Nuts?
[A]: Tree nuts are edible seeds of certain trees and include almonds, walnuts, pecans, hazelnuts, brazil nuts, and macadamia nuts. These nuts are an excellent source of protein and dietary fiber, and are also rich in minerals, vitamins, and unsaturated fatty acids. Tree nuts are used in various food products such as ice creams, chocolates, candies, bakery products, and snacks.

[Q]: What are the Major Drivers of the Tree Nuts Market?
[A]: The major drivers of the tree nuts market include increasing disposable income, changing lifestyle, and rising health consciousness among consumers. Additionally, the increasing consumption of snacks, confectionaries, and bakery products, and the growing popularity of nut-based food products are propelling the growth of the tree nuts market.

[Q]: What was the Global Tree Nuts Market Size in 2020?
[A]: The global tree nuts market size was valued at USD 44.3 billion in 2020 and is expected to expand at a CAGR of 6.2% from 2021 to 2028.

[Q]: What are the Major Regional Markets for Tree Nuts?
[A]: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the major regional markets for tree nuts. North America is expected to dominate the global tree nuts market in 2020, due to the presence of a large number of tree nut-producing countries such as the U.S., Canada, and Mexico.

[Q]: What are the Key Strategies Adopted by Tree Nuts Manufacturers?
[A]: Key strategies adopted by tree nuts manufacturers include new product launches, partnerships, and acquisitions. Manufacturers are focused on launching innovative and premium tree nut products to cater to the changing preferences and demands of consumers. Additionally, manufacturers are also entering into partnerships and collaborations with local players to expand their product portfolio and strengthen their presence in the market.