Quick Summary:
In today's health-oriented market, the increasing appeal and consumption of macadamias is a significant trend to consider. With its high nutritional value consisting of antioxidants, protein, fibers, and vital vitamins, macadamia emerges as an ideal ingredient that promotes gut health, weight management, and reduces the risk of various metabolic syndromes. Available in various forms—raw, coated, or roasted—macadamias cater to a wide spectrum of consumer preferences, ensuring its sustainability in the market.
The macadamia market's expansion is bolstered by increasing consumer awareness and demand for healthy snacks, alongside efforts by governments across the globe to enhance macadamia production and trade using the latest agricultural methods. Furthermore, the versatile use of macadamia in the food and beverages industry allows for its integration into confectionery items, while its oil extract provides a vital component for cosmetic and skincare products. Moving forward, the introduction of innovative flavored macadamia products widens consumer choices and serves as a trending market opportunity. For decision-makers in the global agricultural and food & beverage sectors, this report provides a comprehensive analysis of the rapidly evolving macadamia market, set in a global, regional, and country context to 2028.
Macadamia refers to an edible, hard-shelled white nut, which is a genus of four species of indigenous trees present in Australia. Amongst these, only three species, namely, Macadamia ternifolia, integrifolia, and tetraphylla, are commercially important. It is a rich source of antioxidants, protein, fibers, and vitamins that aid in improving gut health, managing weight, and reducing the risk of various metabolic syndromes, including blood sugar, diabetes type 2, cholesterol, and heart ailments. On account of these properties, macadamia can be eaten, cooked with, and processed into a variety of products pertaining to different industrial segments. At present, it is commercially available in varying types, such as raw, coated, and roasted.
Macadamia Market Trends:
The increasing demand for macadamia as a healthy snack can be primarily attributed to the rising health consciousness and the growing awareness regarding its nutritional properties. This, in turn, represents one of the key factors currently driving the macadamia market growth. In line with this, favorable initiatives undertaken by governments of several countries for supporting macadamia production and trade in the agriculture sector through the employment of the latest methodologies is acting as another growth-inducing factor. Moreover, the extensive utilization of macadamia in the food and beverages (F&B) sector for manufacturing confectionery items, including pastries, biscuits, and ice creams is also contributing to the market growth. Along with this, they can be cold pressed to produce oil, which can further be incorporated into the formulation of various cosmetics and skincare products. Apart from this, the launch of macadamia nuts in innovative flavors, such as roasted, salted, honey-roasted, wasabi-flavored, and chocolate-coated, is further aiding companies in extending their existing product portfolios and reach, which is creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global macadamia market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, form, distribution channel and industry vertical.Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Raw
- Roasted
- Coated
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Industry Vertical:
- Food and Beverages
- Cosmetics
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Golden Macadamias, Hamakua Macadamia Nut Company, Health and Plant Protein Group Limited, Ivory Macadamias, Kenya Nut Company Ltd., Macadamia Processing Company, Mauna Loa Macadamia Nut Corporation, Mayo Macs, MWT Foods, Nambucca Macnuts Pty Ltd., Royal Macadamia (Pty) Ltd. and Wondaree Macadamia Nuts.Key Questions Answered in This Report
1. What was the size of the global macadamia market in 2022?2. What is the expected growth rate of the global macadamia market during 2023-2028?
3. What are the key factors driving the global macadamia market?
4. What has been the impact of COVID-19 on the global macadamia market?
5. What is the breakup of the global macadamia market based on the nature?
6. What is the breakup of the global macadamia market based on the form?
7. What is the breakup of the global macadamia market based on distribution channel?
8. What are the key regions in the global macadamia market?
9. Who are the key players/companies in the global macadamia market?
What is the estimated value of the Global Macadamia Market?
What is the growth rate of the Global Macadamia Market?
What is the forecasted size of the Global Macadamia Market?
Who are the key companies in the Global Macadamia Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.7 Billion |
| Forecasted Market Value ( USD | $ 3.1 Billion |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
Companies Mentioned
- Archer-Daniels-Midland Company
- Golden Macadamias
- Hamakua Macadamia Nut Company
- Health and Plant Protein Group Limited
- Ivory Macadamias
- Kenya Nut Company Ltd.
- Macadamia Processing Company
- Mauna Loa Macadamia Nut Corporation
- Mayo Macs
- MWT Foods
- Nambucca Macnuts Pty Ltd.
- Royal Macadamia (Pty) Ltd.
- Wondaree Macadamia Nuts..
Methodology
LOADING...
