The global packaged nuts & seeds market size is expected to reach USD 83.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% over the forecast period. Shifting customer preference for nutritious food products is boosting the demand for the packaged nuts & seeds.
Moreover, increasing application
of cashew, almonds, sesame, and sunflower seeds in confectionary, bakery, and
other processed food products is expected to remain a favorable factor. Demand
for sesame, chia, and sunflower seeds for the production of confectionary,
bakery, ready to eat products, and medicinal products is on the rise. These
seeds have numerous nutritional benefits and they act as anti-oxidants.
Moreover, they are beneficial in the prevention of the cancer cells.
Asia Pacific countries such as
India, Japan, and China are anticipated to witness substantial growth on
account of increasing awareness regarding healthy food products. According to a
report of the International Nut and Dried Fruit Council (INC), in 2016, the
almond consumption of India was 82,915 million tons, whereas the consumption of
Japan and China was 28,059 million tons and 21,885 million tons, respectively.
In the similar line, India is the largest consumer of cashew nuts with a
consumption of 301,719 million tons in 2016. This significant consumption of
nuts in the countries of Asia Pacific is expected to remain a favorable factor
prompting the industry participants to launch new packaged product forms.
Major manufacturers are adopting
various strategies such as new product launches and mergers and acquisitions to
cater to increasing demand and consumption in the packaged nuts & seeds
market. Moreover, they are collaborating with snacks and ready to eat food
chain companies and restaurants in order to launch new products in the market.
For instance, in April 2016, Future Consumer Enterprise Ltd., a subsidiary of
Future Group, launched a product line of premium nuts and dry fruits under the
brand name ‘KARMIQ- Food that celebrates your youth’. These product launches
will boost the product demand over the forecast period.
For Full Research Report On Packaged Nuts & Seeds Market Visit Here:
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Packaged Nuts &
Seeds Market Report Highlights
- By product, packaged nuts
are expected to reach USD 45.8 billion by the end of 2025. Hazelnuts are
expected to expand at a CAGR of 5.6% from 2019 to 2025
- North America dominated the
global market in 2018 and accounted for 56.8% share of the global revenue.
This trend is projected to continue over the next few years
- Key players include Bayer
AG; Syngenta; SunOpta; Blue Diamond Growers; ADVANTA SEEDS PTY LTD.; ITC
Limited; DuPont (Pioneer Hi-Bred); Select Harvests Limited; McCormick
& Company, Inc.; and Olam International. Product innovation is
projected to remain a key success factor over the next few years.
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Packaged Nuts &
Seeds Market Segmentation
Grand View Research has segmented
the global packaged nuts & seeds market on the basis of product, form, and
region:
Packaged Nuts &
Seeds Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Nuts
- Almonds
- Hazelnuts
- Walnuts
- Cashews
- Peanuts
- Pistachios
- Pecan Pieces
- Others
- Seeds
- Sunflower Seeds
- Chia Seeds
- Sesame Seeds
- Corn/Maize
- Soybean
- Others
Packaged Nuts &
Seeds Form Outlook (Revenue, USD Billion, 2015 - 2025)
- Raw
- Roasted
Packaged Nuts &
Seeds Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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