Growing popularity of snacks, especially those with healthy elements, is having a pied piper effect on the global nut ingredients market, according to a recent report by Transparency Market Research (TMR). The report, titled “Nut Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” offers a comprehensive analysis of all the factors that may influence the demand for nut ingredients in the near future, and estimates the scenario of the market until 2025. The report segments the global nut ingredient market on the basis of types, application, and geography in order to represent the revenue available in various market categories. The report also profiles several leading companies that are currently operational in the global nut ingredients market, evaluating their market share, analyzing their product portfolio, and estimating their stronghold over the market in the near future based on latest strategic developments.
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The report observes that with rapid urbanization across the world, lifestyle and consequent eating habits of the consumers is evolving, wherein frequent snacks are preferred over regular meals. Consumers are now also aware of ill-effects of snacks and hence are preferring food with nut ingredients in order to gain enough nutrition. Other prominent factors augmenting the demand in the global nut ingredients include introduction of new products by the manufacturers with enhanced taste such as confectioneries and dairy products, growth of middle-class, and rapid urbanization across several emerging economies. Social media is also playing a pivotal role in raising the awareness levels among the consumers regarding the health benefits of nut ingredients.
On the basis of product type, the global nut ingredients market can be segmented into almonds, walnuts, hazelnuts, cashews, and others such as beechnuts, chinquapin nuts, artificial nuts, and chestnuts. Application-wise, this market can be categorized into confectioneries, bakery products, cereals, dairy products, snacks and bars, beverages, deserts, and others including salads and sauces. Geographically, the report evaluates the potential of several important regions including North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Currently, Europe serves the maximum demand in the global market for nut ingredients, closely followed by North America, and then Asia Pacific. However, Asia Pacific is projected to expand the demand at most prominent rate among all the regions, owing to vast population base, increasing disposable income, and increase in the number of working women.
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Bergin Friut and Nut Company, Archer Daniels Midland Company, Kanegrade Limited, Bredabest, Terri Lynn, Inc., Olam International, H.B.S. Foods Ltd., ROYAL NUT COMPANY, CACHE CREEK FOODS, Helios Ingredients, The Hershey Company, and Wenders are some of the leading companies currently operational in the global nut ingredients market. Product innovation is the primary strategy adopted by these players to gain ground over their competitors.
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