A shift in consumer’s food consumption trend has prompted the high growth of health foods and snacks on a global platform. Increasing incidences of cardiovascular diseases and obesity in the developed countries have made the consumers’ getting inclined towards adopting healthy food pattern. Owing to this, the market for healthy snacks is experiencing a surge. Edible nuts are used in various healthy snacks including energy and yoga bars to increase its overall nutritional value. Increasing demand and consumption of healthy snacks is encouraging consumers’ to enter into edible nuts market and generate.
The multipurpose application in various industries has added to the overall value of edible nuts. The diverse application of edible nuts in various products such as ice-cream, confectionery, sports nutrition, personal-care products have increased the demand and has a positive impact on the high import-export volume of edible nuts . Almond is one of the major agricultural commodities and has witnessed high import and export during the last few years. Rising health concerns amongst the consumers has led to increased consumption of edible nuts based on their nutritional profile. Almonds, walnuts, cashew nuts and others are rich source of vitamins, minerals and fibers and hence are used across various food and confectionery industries to increase the organoleptic property of the end-product.
Growing population, rise in disposable incomes and changing lifestyle has encouraged the unique innovations in the food sector. Consumers have recently got inclined more towards consumption of healthy food products with innovative flavors. The product development and addition of new flavors while the processing of edible nuts has attracted consumers towards the product and has influenced its growth in sale. For instance, the sale of cashew nuts have increased due to innovations leading to new flavors such as pepper and salt cashew, honey sugar cashew, Choco cashews and others.
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Latest Industry Updates:
Dec 2017 John B. Sanfilippo & Son, Inc. acquired Squirrel Brand, L.P or $31.5 million. Squirrel Brand is one of the leading suppliers of premium roasted nuts and snack mixes under its Squirrel Brand and Southern Style Nuts brands. The acquisition of the Squirrel Brand business provides the company with an established customer base and branded product line which will help in business expansion.
Sep 2017 KP Nuts has launched new product in the name of “on the go”. The product is available in attractive new packaging in four flavors; Fruit and Nut Energy Mix, Orange Nut Fudge Energy Mix, classic flavors Dry Roasted, and Original Salted.
Aug 2017 Blue Diamond Growers has expanded its business in the South African market by launching Blue Diamond Almond. Blue Diamond Almonds are enriched with calcium and vitamin E. They are also GMO, gluten, peanut, and MSG free.
Mar 2017 Amsterdam Commodities N.V. has acquired 100% share in nuts trader Delinuts. The new subsidiary complements the existing activities of group companies in nuts and dried fruits.
Jan 2016 Emerald Nuts has launched new line of cashews in innovative flavors, namely dill pickle, jalapeno, sriracha, and salt & paper.
Major Key Players Analysis:
Majority of the players in the edible nuts market are concentrated in the North America region in terms of supply, however edible nuts is in more demand in the Europe and Asia Pacific region. To expand and improve the presence of the company, key players are more focusing on acquisition of various other major and small players in edible nuts market. Additionally, the focus has been on expansion of their edible nut business to increase production capacity to match the demand from consumers.
The key players profiled in edible nuts market are Mariani Nut Company Inc. (U.S.), Golden Peanut Company Llc (U.S.), Olam International Ltd. (Singapore), Diamond Foods, Inc. (U.S.), Blue Diamond Growers (U.S.), Select Harvests Ltd. (Australia), Waterford Nut Co. Inc. (U.S.), KP Nuts (U.K.), Amsterdam Commodities N.V. (ACOMO) (The Netherlands), and John B. Sanfilippo & Son, Inc. (U.S.) among many others.
The global Edible tree nuts market has been divided into type, form, application, and region.
On The Basis of Type: Cashew nuts, Walnuts, Almonds, Chestnuts, Pistachios, Hazelnuts, Brazil Nuts, Others
On The Basis of Form: Whole, Roasted, Splits, Powder and Others
On The Basis of Application: Direct consumption/Culinary purpose, Bakery and Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter and Spread, Dairy Products and Others
On The Basis of Region: North America, Europe, Asia Pacific and ROW
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Edible Nuts Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Increase in versatile demand across various food and beverage segments for nutritious food products rich in vitamins and fibers, particularly for confectionery and bakery is likely to drive the global edible nuts market.
Asia-Pacific region is estimated to dominate the market with maximum market share in the year 2016 followed by North America. China and Vietnam are the major edible nuts producers in the Asia-Pacific region. U.S. is considered to be major tree nuts market in the North-American region. Strong potential for bakery food consumption favors tree nuts such as almonds market growth mostly among the various regions in the world.
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