This market report provides a comprehensive analysis of the global nuts and seeds market by outlining its market size and forecast. The research reports also includes the market shares of key regions in the market including APAC, Americas and EMEA. The key vendors identified in the market are Blue Diamond Growers, Diamond foods, Planters, and California Gold Almonds.
Technavio’s market research analysts estimate the global nuts and seeds market to grow at a CAGR of 4.5% between 2016 and 2020. Rising demand for ready-to-eat (RTE) snacks and convenient foods has fueled the growth of the global nuts and seeds market. Their availability in a range of flavors including butter, smoky, salted, and pepper has boosted their sales. The Americas dominate the nuts and seeds market, accounting for 37% of the total market share. Healthy eating habits and the availability of a broad range of flavors across brands have led to this region’s growth in the market.
The new market research report from Technavio provides a breakdown and analysis of the nuts and seeds segments by technology.
“Of late, consumers are increasingly embracing vegan lifestyle and are opting for healthy substitutes for meat, dairy, and other conventional sources of protein. They perceive vegan diet to be healthier than a meat-based one. By replacing traditional sources of protein, like red meat, with plant-based alternatives, people are shifting towards the consumption of protein-rich nuts, which has emerged as a viable option. The preference for organic variants is especially noticeable in the premium and niche categories of nuts and seeds such as chia seeds, wasabi peanuts, and almonds,” says Vijay Sarathi, Lead Analyst, Food & Beverages, Technavio Research
The numerous health attributes of nuts and seeds have been main factors responsible for their growing popularity and increased consumption. Some of the important healthy nuts include almonds, Brazil nuts, cashews, macadamia nuts, pecans, walnuts, pine nuts, and pistachios. Nuts are a rich source of proteins, healthy oils, and antioxidants. They also have high protein and fiber content. Nuts and seeds are therefore perfect as a nutritious and convenient snack. Moreover, manufacturers globally are also marketing nuts and seeds as a source of good fats.
The leading vendors in the global nuts and seeds market include Blue Diamond Growers, Diamond foods, Planters, and California Gold Almonds. This market is highly fragmented and has numerous vendors, including international and regional players. Vendors compete on the basis of product differentiation, portfolio, brand recognition, technology, and pricing. Competition in this market is expected to intensify during the forecast period owing to the increase in the number of vendors offering gourmet and new flavors, the demand for healthy snacks by consumers, and price wars among vendors.
A more detailed analysis is available in the Technavio report Global Nuts and Seeds Market 2016-2020.
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