Global Nut Ingredients Market Drivers, Restraints, Share and Growth Analysis

Posted by sahil on January 15th, 2020

Global nut ingredients market is expected to register a substantial CAGR of 6.0% in the forecast period of 2019 to 2026.

Nut ingredients are extremely versatile for the formulation of the product as they offer taste and health benefits, making them the preferred choice of food manufacturers as well as consumers. Food and beverage manufacturers are inventing new product introductions with nuts such as cashews, almonds, and walnuts. The food types in which nut ingredients are used are snacks & bars, dairy products, desserts, confectioneries, cereals, bakery products and beverages.

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Segmentation: Global Nut Ingredients Market

Global nut ingredients market is segmented into four notable segments such as type, form, application, end user.

• On the basis of type, the market is segmented into peanut, walnut, almond, cashew, hazelnut, pistachio, pecan, others.
• On the basis of form, the market is segmented into granular, paste, roasted.
• On the basis of application, the market is segmented into snacks & bar, chocolate & confectionery, bakery products, spreads, sauces & seasonings, desserts & ice cream, meals & meal centers, breakfast cereals, dairy, beverages, others.
• On the basis of end-users, the market is segmented into industrial, commercial.

Competitive Analysis: Global Nut Ingredients Market

Some of the prominent players operating in this market are Archer Daniels Midland Company, Olam International, Barry Callebaut, Blue Diamond Growers, Mariani Nut Company, Kanegrade Ltd., Bergin Friut and Nut Company, LBNUTS AG, Fruisec, Royal Nut Company. , H.B.S. Foods Ltd., Terri Lynn and many others.

Drivers: Global Nut Ingredients Market

• Health & wellness trend and growing focus on preventive healthcare
• Launch of innovative healthier products

Restraints:

• Allergies to nut ingredients
• Increased price of the nut ingredients   

Opportunity:

• Market growth in emerging nations

Challenge:

• Limited resources

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