The Asia Pacific Nut Products Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
It is discovered that people who consumed one or more portions of walnuts per week had a lower risk of cardiovascular disease, coronary heart disease, and of stroke. More moderate decreases in the risk of coronary heart disease and cardiovascular disease were observed in those who consumed two or more portions of peanuts per week.
Products made from nuts fall under a very diverse food group. The popularity of nuts has grown as a result of the recent focus on consuming more fiber and beneficial mono- and polyunsaturated fats, both of which nuts provide. Tree nuts including almonds, walnuts, pecans, and pistachios are used as such in food products and are utilized most frequently in savory applications.
Nuts give value to a wide range of items due to their crunchy texture and robust flavor. They increase satiety value, aid in moisture retention, and, while contributing their own flavor, also aid in carrying other delicious flavors because of their oil and fiber content. Nuts are also a popular snack that is considered fit for traveling. Granola bars and trail mix frequently contain a significant amount of nuts.
With rising living standards and urbanization, China is consuming more tree nuts. Chinese customers regard nuts as a snack because of their health advantages. Nuts are being utilized in baking, and processed goods including nut-based milk, milled powder, confections, and oils are growing increasingly popular. The Chinese Nutrition Society's Chinese Dietary Guidelines suggested up to 10 grams of tree nuts per day for a healthy diet.
The China market dominated the Asia Pacific Nut Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $821.7 million by 2028.The Japan market is experiencing a CAGR of 6% during (2022 - 2028). Additionally, The India market would display a CAGR of 7.3% during (2022 - 2028).
Based on Product Type, the market is segmented into Nut Pastes/ Marzipan Paste/ Persipan Paste, Nut Butter, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts and Nut Flour. Based on Nut Type, the market is segmented into Hazelnuts, Almonds, Peanuts, Walnuts, Cashews, Pistachios, Macadamias, Pine Nuts, Brazil Nuts and Others. Based on Category, the market is segmented into Conventional and Organic. Based on Quality, the market is segmented into Standard and Premium. Based on Application, the market is segmented into Industrial Food Manufacturers and Foodservice & Bakeries. Based on Industrial Food Manufacturers Type, the market is segmented into Chocolate Confectionery Products, Bakery Products, Ice Cream & Frozen Desserts, Beverages, Cereals & Snack Bars and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Nut Products Market is Projected to reach USD 9.7 Billion by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, The Barry Callebaut Group, Olam International Limited, Puratos NV/SA, Mount Franklin Foods, LLC, Zentis Group, Mandelin, Inc., Royal Nut Company, Kanegrade Ltd., and Blue Diamond Growers, Inc.
By Product Type
By Nut Type
By Category
By Quality
By Application
By Country
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