Important Facts That You Should Know About Brazil Nuts Market

Posted by Loise Williams on November 5th, 2019

The global Brazil nuts market is expected to grow at a CAGR of 3.96% during the forecast period. The Brazil nuts market has been segmented based on product into conventional Brazil nuts and organic Brazil nuts. As per the latest market research report published by Technavio, the global Brazil nuts market has the potential to grow by USD 18.94 million during 2019-2023.The growth momentum will accelerate throughout the forecast period. Get the free sample report below for the detailed information.

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Conventional Brazil nuts are produced with the application of pesticides and fertilizers on the nuts. The low price of conventional Brazil nuts compared with that of organic Brazil nuts is one of the major factors driving the growth of this segment.

The demand for conventional Brazil nuts is expected to increase during the forecast period owing to the rising awareness among consumers about the health benefits of consuming these nuts. Hence, the health benefits of conventional Brazil nuts will drive the growth of the segment during the forecast period. 

Private-label brands are gaining prominence in the global retail sector. Thus, several companies are involved in the production of private-label brands for B2B and B2C channels. The manufacturers offer private-label brands to B2B customers such as supermarkets, retail stores, and mass merchandise stores.

The growing popularity of private-label brands among consumers will encourage more vendors to launch private-label brands during the forecast period. Hence, the conventional Brazil market segment in the global Brazil nuts market is expected to witness steady growth.