The global edible nuts market is expected to reach a market valuation of USD 87.9 billion in 2023. It is likely to accelerate at a robust CAGR of 7.9% from 2023 to 2033. In 2033, the market is slated to reach a USD 191.3 billion.
People around the world are becoming more conscious about their health and lifestyles. As a result, they are changing their eating habits. They are making nuts a regular part of their diet as they are energy-dense and nutrient-rich food sources. The World Health Organization (WHO) also recommends adults to include nuts in their diets as they are found to be rich in antioxidants. Regular consumption of nuts can also reduce cholesterol and manage Type 2 diabetes and multiple metabolic syndromes.
Cashews are among the most popular types of edible nuts. Cashew trees, the sources of cashews, are native to Brazil. However, right now, cultivation of cashew trees happens across several countries with predominantly warm climates. Vietnam and India are the most prolific producers of cashews. Cashews are rich in protein, unsaturated fats, and copper.
These nutrients can lower the risks associated with heart disease and premature death, ensure positive brain development, and boost the immune system. However, raw cashew consumption is controversial owing to urushiol, a toxic, naturally occurring substance found in cashews.
Almonds also have multiple health benefits to offer. For starters, they are rich in antioxidants and Vitamin E, which combine to offer excellent protection against oxidative stress. Almonds are also known for their ability to keep blood pressure and blood sugar levels in check. Regular consumption of almonds can also reduce hunger, which can be beneficial for people looking to cut down on their calorie intake. Almonds are sourced from almond trees, which are native to the Middle East. However, right now, the United States is the most prominent producer of almonds.
Peanuts have also found favor around the world for their health benefits. In developing economies, people tend to prefer peanuts over almonds and cashews owing to their affordability. The peanut plant, which is the source of peanuts, is estimated to have originated in either Peru or Brazil.
However, China and India are among the world’s most substantial peanut producers. Despite being more affordable than almonds and cashews, peanuts offer several health benefits similar to their expensive counterparts. For instance, peanuts are known to reduce cholesterol levels, which can benefit heart health. They can also be effective in lowering inflammation and preventing medical conditions such as type 2 diabetes and cancer.
Chestnuts and pistachios are not as popular as almonds, cashews, and peanuts in terms of raw consumption. However, they are used to compliment a variety of preparations. For instance, chestnuts are known for adding sweet richness to vegetable, meat, and poultry dishes. Pistachios are commonly used to add crunch to desserts such as cakes, ice creams, and pastries.
| Attributes | Key Insights |
|---|---|
| Estimated Edible Nuts Market Value (2023) | USD 87.9 billion |
| Projected Market Value (2033) | USD 191.3 billion |
| Value-based CAGR (2023 to 2033) | 7.9% |
| Top Players Share in 2022 | 28.5% |
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Exercising alone is not enough for individuals to maintain their fitness levels. A proper balanced diet is also important for health as it can ensure proper nutrition. Nuts are rich in protein, carbohydrates, vitamins, minerals, and fiber. From 2018 to 2022, awareness of these qualities of nuts skyrocketed among consumers, which led to the edible nuts market accelerating at a positive 8.7% CAGR.
Compared to the 8.7% CAGR observed by FMI between 2018 and 2022, the anticipated 7.9% CAGR from 2023 to 2033 reflects a marginal dip in the rate of market acceleration. However, this should not do much to deter players in the global market for edible nuts, who would be keen on increasing their production capacities.
Retail sales channels such as supermarkets and hypermarkets are the most accessible destinations for purchasing edible nuts, specifically among upper and middle-income earners. However, smaller grocery stores are more popular among low-income earners for buying edible nuts. Prominent retail chains such as Walmart and Costco are strongly practicing shelving of edible nuts in their stores and offering attractive discounts to promote nut consumption.
According to FMI research, consumption of edible nuts is likely to soar in developed economies such as the United States, Germany, and Spain. Developing economies such as Brazil and India are also likely to provide lucrative opportunities to market participants in the coming years.
Organic Nut Production to Gain Prominence and Keep Sales of Edible Nuts Ticking
The global focus on sustainable agriculture is mounting. Modern methods that reduce the impact of agriculture on the environment are being leveraged by several firms. These include innovations that are aimed at ensuring water conservation and the reduction of waste production. Consumers are also driving sustainable agriculture by increasingly opting for organic foods. As organic foods are grown without the use of insecticides or pesticides, they are healthier compared to foods cultivated through the use of harmful substances.
To promote sustainable development in the global market for edible nuts, the International Nut & Dried Fruit Council (INC) keeps a watchful eye over regional production. Blue Diamond Growers, one of the most prominent names in edible nuts production, is collaborating with the INC amd engaging in sustainable practices. FMI predicts these developments to be positive for the global market for edible nuts.
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Popularity of Pistachios to Boost Sales of Edible Nuts in the United States
According to the United States Department of Agriculture (USDA), the world's pistachio production increased by around 50% from 2015 to 2016. During the same period, pistachio exports worldwide increased by 30%. The United States experienced the greatest increase in pistachio production, according to a USDA study from October 2017. Although Iran is one of the prominent producers of pistachios, the country’s production output did not significantly increase. Pistachio is widely consumed in the United States because of its taste and high nutritional value.
In 2023, the United States is estimated to hold a 21.7% share in the global market. It is projected to hold a market share of 20.2% in 2033. This marginal decrease in the United States’ global market share is indicative of increasing nut production and consumption across the world’s developing economies.
Healthy Eating Trends in Germany to Contribute to Increasing Edible Nut Sales
Germany is one of Europe’s leading markets for cashew nuts. Even though the country’s climate is not fit for the cultivation of cashew trees, it is a prominent cashew nut importer in Europe. Estimates suggest that cashew nut imports in Germany reached a whopping 59,000 tons in 2021. There was a 2.4% increase in cashew nut import volumes from 2017 to 2021. Most of Germany’s cashew nut imports come from Vietnam, and the remainder arrives from India and Indonesia.
In recent years, healthy eating has gained momentum in Germany and this is contributing to the increasing consumption of edible nuts in the country. A significant portion of cashew nut imported by Germany is not consumed by the country, but instead re-exported to other European nations such as France, Luxembourg, and the United Kingdom.
Increasing Per Capita Income Coupled with Festive Celebrations to Fuel Sales of Edible Nuts in India
Edible nut consumption is a cultural phenomenon that is prevalent across the entirety of India. Dry fruit boxes containing almonds, raisins, pistachios, and dried figs are found across shops all over the nation during religious festivities. Pistachios are primarily imported, as opposed to dry fruits and nuts, which are produced in India. However, demand for pistachios is not restricted to the holiday season. Due to their high nutritional value, they are frequently used in Indian cuisine.
India is estimated to gain +60 basis points from 2023 to 2033 as the country’s per capita income has been steadily growing over the last decade. FMI observed a slight dip during the 2021 financial year but it picked up pace in again in 2022 as a per capita income of USD 150.3 was registered.
Affordability of Peanuts to Make it the Most Attractive Edible Nut Type from 2023 to 2033
By product type, peanuts are the most consumed edible nut in the world with an estimated consumption of 42,596 metric tons. Almonds are at second place with a projected consumption of 1,188 metric tons. The other varieties are walnut, cashew, and pistachio, which had estimated consumptions of 888.67, 792.32 and 669.86 metric tons respectively in 2018.
The fact that peanuts are the most widely consumed edible nut is not a surprise. Peanuts are much more affordable than other edible nut types such as almonds and cashews. In recent years, consumers have also become aware of the fact that in terms of nutritional value, peanuts have just as much to offer as cashews and almonds. FMI anticipates peanut sales to outperform sales of almonds and cashews in the coming years, particularly across developing economies.
Plain, Roasted, and Salted Edible Nuts to Fuel Market Surge Worldwide
Edible nuts are available in various forms in the market such as plain, roasted, and salted. Nuts such as almonds, cashews, and walnuts are incorporated into a diverse array of chocolate products as well. They are also being used in spreads like peanut butter and hazelnut spread, which offer a combination of sophisticated taste and health benefits.
Both prominent and emerging players in the global market for edible nuts are capitalizing on the increasing demand by offering unique products with classy packaging. As a result, FMI anticipates all forms of edible nuts to record skyrocketing sales figures between 2023 and 2033.
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Hotel chains and restaurants are working closely with edible nut suppliers and growers to source the best ingredients for their menus. Market participants are currently expanding their reach by creating a reliable distribution network to preserve product quality. A good distribution network guarantees that the product reaches its intended market, narrowing the gap between the finished product and the prospective market.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 87.9 billion |
| Projected Market Size (2033) | USD 191.3 billion |
| Anticipated Growth Rate (2023 to 2033) | 7.9% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; & Middle East and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, & South Africa |
| Key Segments Covered | Product Type, Nature, Form, End-Use, Distribution Channel, and Region |
| Key Companies Profiled | Archer Daniels Midland Company; Diamond Foods, Inc.; Olam International Ltd; Blue Diamond Growers; Mariani Nut Company; Select Harvests Limited; Durak Findik; Grower Direct Nut Co. Ltd; Sun-Maid Growers of California; Hines Nut Company; John B. Sanfilippo & Son; Borges Agricultural & Industrial Nuts; The Wonderful Company LLC; Germack Pistachio Company; Nichols Farms; Setton Pistachio of Terra Bella Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is expected to reach USD 87.9 billion in 2023.
The market is anticipated to expand at a CAGR of 7.9%.
Increasing use in different recipes and growing awareness about its benefits are yielding market growth.
Peanuts are expected to witness high sales.
The United States market share is 21.7%.
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Cashews
5.2. Almonds
5.3. Pistachios
5.4. Peanuts
5.5. Chestnuts
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature
6.1. Organic
6.2. Conventional
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
7.1. Whole
7.2. Powder
7.2.1. Plain
7.2.2. Roasted
7.2.3. Salted
7.2.4. Others (Glazed, Flavored etc.)
7.3. Splits
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
8.1. Foodservice industry
8.2. Household
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. North America
9.2. Latin America
9.3. Europe
9.4. East Asia
9.5. South Asia
9.6. Oceania
9.7. Middle East and Africa
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
17. Key Countries Market Analysis
18. Market Structure Analysis
19. Competition Analysis
19.1. Archer Daniels Midland Company
19.2. Diamond Foods, Inc.
19.3. Olam International Ltd
19.4. Blue Diamond Growers
19.5. Mariani Nut Company
19.6. Select Harvests Limited
19.7. Durak Findik
19.8. Grower Direct Nut Co. Ltd
19.9. Sun-Maid Growers of California
19.10. Hines Nut Company
19.11. John B. Sanfilippo & Son
19.12. Borges Agricultural & Industrial Nuts
19.13. The Wonderful Company LLC
19.14. Germack Pistachio Company
19.15. Nichols Farms
19.16. Setton Pistachio of Terra Bella Inc.
19.17. Other
20. Assumptions & Acronyms Used
21. Research Methodology
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Edible Nuts Market
