The Nut ingredients Market is to Touch $ 41,699 Million by 2030; Rising Demand for Ready – to – Eat Food Snacks and Plant-Based Trends and Strategic Alliances are Accelerating the Nut Ingredients Market.

The Nut ingredients Market size is estimated to reach $ 41,699 Million by 2030, growing at a CAGR of 5.6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Nut ingredients Market – By Nut Type (Almonds, Cashews, Walnuts, Hazelnuts, Peanuts, Pistachios, Macadamia Nuts, Pecans, Others), By Form (Whole, Powdered,  Chopped, Sliced/Slivered, Paste, Oil, Butter, Others), By Distribution Channel (Retail Stores, Food Service Industry, Direct Sales, Supermarkets and Hypermarkets, Online Retail (E-Commerce), Convenience Stores, Specialty Food Stores, Others), By Application (Bakery and Confectionary, Snacks and Bars, Desserts, Cereals, Dairy Products, Beverages, Sauces and Spreads, Nutraceuticals, Cosmetics, Others), By End-User (Food and Beverage Manufacturing, Food Service, Nutraceuticals and Supplements, Cosmetics and Personal Care, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

Rising Demand for Ready – to – Eat Food Snacks and Plant-Based Trends and Strategic Alliances are Accelerating the Nut ingredients industry during the forecast period.

North America region is the largest Nut ingredients market, generating $ 9576.14 million in revenue in 2023 and projected to reach $ 13973.66 million by 2030. The nut ingredient market in North America is growing, driven by high consumption rates of nut-based foods and ingredients. Nuts are increasingly used in food products, nutraceuticals, cosmetics, and personal care items, driven by their health benefits and the growing consumer preference for plant-based ingredients. This broad utilization supports market expansion as demand for these healthy, natural ingredients continues to rise. 

Ready-to-eat food snacks, known for their convenience and minimal preparation, are ideal for busy lifestyles. They include options such as nut mixes, trail mixes, and nut bars made with almonds, walnuts, cashews, and pistachios. The portability, longer shelf life, and ability to deliver quick energy have made these snacks increasingly popular among consumers seeking healthy, on-the-go options, thereby boosting the demand for nut ingredients as essential components of these products. The growing preference for ready-to-eat snacks is driving the nut ingredients market as consumers prioritize convenience without sacrificing nutrition. This has led to a surge in demand for nut-based snacks, prompting manufacturers to expand product lines with innovative nut-infused offerings that appeal to health-conscious consumers. The resulting innovation in flavours and formulations is increasing the overall consumption of nuts, driving producers to source higher quantities of premium-quality nuts to meet this escalating demand. In December 2023, Glico introduced Almond Koka, Japan's best-selling almond milk, to the Singapore market as a ready-to-eat product emphasizing nut ingredients. This launch caters to the demand for plant-based, convenient options in the ready-to-eat snack segment, further fueling the market growth for nut ingredients.

The growing preference for plant-based food products is reshaping consumer dietary choices, driven by increasing health awareness, environmental concerns, and ethical considerations regarding animal welfare. This trend encompasses a wide range of products such as fruits, vegetables, grains, legumes, and nuts. Nuts, being highly nutritious and rich in essential fats, proteins, vitamins, and minerals, play a vital role in this dietary shift, thus fueling the growth of the nut ingredients market. As consumer preferences continue to evolve, companies in the nut ingredients sector are forming strategic partnerships to drive innovation and expand their market presence. Collaborations with suppliers, distributors, and health-focused brands enable businesses to optimize supply chains and develop unique nut-based products. These strategic initiatives not only improve operational efficiencies but also stimulate market growth by catering to the increasing demand for healthy food options. A notable example of this trend is Agrumaria Reggina's partnership with Policom in February 2024, which led to the launch of a new venture dedicated to plant-based nutrition. This collaboration, focusing on nut ingredients, is set to address the rising demand for healthier and more sustainable food options, further driving the nut ingredients market forward.

Key companies profiled in the Nut ingredients Market are ADM, Olam International Limited, Barry Callebaut, Sran Family Orchards, Inc., John B. Sanfilippo & Son, Kanegrade, Borges Agriculture & Industrial Nuts, Dohler GmbH, Nestlé, Harris Woolf California Almonds, and others.