The global nut processing machine market is predicted to develop at a CAGR of 5.6% between 2023 and 2033. The overall market valuation is anticipated to rise from USD 42.1 billion in 2023 to USD 72.5 billion by 2033.
Rising demand for various types of nuts worldwide due to their high nutritional value along with the growing adoption of automation across nut processing industries is a key factor fuelling nut processing machine sales.
Traditionally, nuts were processed manually by using simple stones or other tools. However, with advancements in technology and skyrocketing demand for nuts, companies started gradually using novel machines for processing nuts. This has brought the nut processing machine industry into the limelight.
Nut processing machines refer to equipment used for processing nuts. Right from cleaning and drying nuts to roasting and packaging them, these machines have made nut processing easy and more effective.
Growing adoption of equipment such as conveying tools, drying equipment, grading equipment, cleaning equipment, hulling equipment, peeling equipment, separator equipment, slicing equipment, etc. across nut processing plants or factories is a key factor expected to drive the global market.
Similarly, rising awareness about the health benefits of nuts and their subsequent usage in industries such as dietary supplements, bakery, confectionery, and functional foods will boost nut processing machine sales during the forecast period.
Regionally, demand for nut processing machines is expected to grow at a robust pace across the Asia Pacific due to the rapidly growing population, increasing consumption of nuts, and rising penetration of industrialization. Currently, the Asia Pacific market is valued at USD 7578.0 million and it holds around 18% share of the global nuts processing machine market.
| Attribute | Key Insights |
|---|---|
| Nut Processing Machine Market Estimated Value (2023) | USD 42.1 Billion |
| Projected Market Value (2033) | USD 72.5 Billion |
| Value-based CAGR (2023 to 2033) | 5.6% |
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The global demand for nut processing machines increased at 4.6% CAGR during the historical period from 2018 to 2022. However, with the rising consumption of nuts across the world due to their numerous health benefits, a CAGR of 5.6% has been predicted by Future Market Insights for the global nut processing machine industry for the forecast period (2023 to 2033).
Nuts are believed as the foremost source of nutritious elements for the body. They are rich in nutrients such as proteins, carbohydrates, fiber, etc. The presence of large quantities of essential nutrients has made nuts highly sought-after food ingredients across the world.
Nuts such as almonds, peanuts, and cashews are being increasingly used in dietary supplements, snacks, confectioneries, bakeries, and several other applications. This in turn is prompting nut manufacturing and processing companies to use advanced processing machinery. Driven by this, sales of nut processing machines are expected to grow at a steady pace during the forecast period.
Customers are showing an increased interest in the relationship between immunity and health, paying attention to the role that metabolic fitness plays in weight control, caring about customized nutrition, and wanting to spend more money on products connected to health and wellness.
Due to the increasing popularity of nutritious products, there has been a huge demand for nuts and it has been a blessing for the nut processing industry.
Rising Consumption of Nuts Across Various End-use Industries Boosting the USA Market
According to the latest market analysis by Future Market Insights, currently, the USA holds around 68% share of the North American nut processing machine market. The rising usage of nuts across bakery, confectionery, dietary supplements, and several other sectors due to their high nutritional content is a key factor driving nut processing machine sales in the country.
Nuts like almonds and cashews are rich in proteins, healthy fats, and carbohydrates. As a result, these products are gaining immense popularity across the USA People in the country are spending large amounts on healthy food items and food components such as almonds, pistachios, hazelnuts, walnuts, cashew nuts, etc. for improving health.
Growing awareness about the health benefits of nuts across the country is expected to boost the nut processing industry during the forecast period.
Similarly, the growing penetration of automation across nut processing industries will create lucrative opportunities for manufacturers of nut processing machines.
Rising Production and Export of Nuts Like Pistachio and Cashew Propelling Demand in Vietnam
As per FMI, demand for nut processing machines in Vietnam is expected to increase at a healthy pace during the forecast period owing to the increasing export of nuts, the large presence of nut processing companies, and favorable government support.
Over the years, Vietnam has become a leading producer and exporter of cashew nuts. The country’s tropical monsoon environment provides a conducive environment for cashew farming. Blooming cashew business in the country offers several prospects for the nut processing machine industry, from planting to processing, and trading.
Growing Need for Improving Productivity and Reducing Labour Costs Fuelling Demand
Based on the mode of operation, the global nut processing machine industry is segmented into semi-automatic and automatic. Among these, the semi-automatic segment holds a significant market share while the automatic segment is likely to expand at a robust pace during the projection period.
Growing demand for nuts from various end-use sectors and increasing labor costs are prompting nut processing companies to shift their preference towards more automatic machinery. Hence, sales of automatic nut processing machines are set to grow at a healthy growth rate over the next ten years.
Almond and Peanut Segments Will Generate Lucrative Revenues Through 2033
According to Future Market Insights, almond and peanut segments will collectively hold a prominent share in the global nut processing machine market during the forecast period. This is attributed to the rising consumption of almonds and peanuts across the world.
Similarly, the growing usage of peanuts and almonds for making a variety of high-nutritional products like dietary supplements will boost the worldwide nut processing machine industry during the next ten years.
Leading nut processing machine manufacturers are pursuing various strategies, such as mergers, acquisitions, new product launches, and partnerships to strengthen their position in the market.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 42.1 Billion |
| Projected Market Size (2033) | USD 72.5 Billion |
| Anticipated Growth Rate (2023 to 2033) | 5.6% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Billion in value |
| Key Regions Covered | North America; South America; Asia Pacific; South Asia; Europe; Northern Europe |
| Key Countries Covered | Germany, United Kingdom, Canada, United Kingdom, France, Japan |
| Key Segments Covered | Mode of Operation, Product Type, Nut Type, Region |
| Key Companies Profiled | JBT Corporation; Key Technology; The Middleby Corporation; Feucht-obsttechnik.de; Lewis M. Carter Manufacturing, LLC; Buhler AG; Kadioglu LTD; SKOURAS Inc.; Modern Process Equipment Corporation; Grossi Fabrications Inc; TOMRA; AC Horn Manufacturing; TabrizKar; JEM Equipment; NutTech.eu; Wizard Manufacturing; Savage Equipment; Momtazan Ind. Co. |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics, Challenges, Strategic Growth Initiatives |
The market is valued at USD 42.1 billion in 2023.
JBT Corporation, Key Technology, and TOMRA are key market players.
A CAGR of 4.6% was recorded in the market from 2018 to 2022.
The semi-automatic segment continues to dominate the market.
The United States is expected to record a 68% share by 2033.
| Market Value for 2024 | USD 134.8 billion |
|---|---|
| Market Value for 2034 | USD 202.3 billion |
| Market Forecast CAGR for 2024 to 2034 | 4.1% |
| Market Size (2023E) | USD 1.20 billion |
|---|---|
| Market Projected Size (2033F) | USD 2.76 billion |
| Value CAGR (2023 to 2033) | 8.7% |
| Expected Market Value (2023) | USD 867.4 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 1,851.6 million |
| Projected CAGR (2023 to 2033) | 7.9% |
| Market Size Value in 2022 | USD 15.9 Billion |
|---|---|
| Market Forecast Value in 2032 | USD 23.2 Billion |
| Growth Rate (2022 to 2032) | 3.8% CAGR |
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