Many top players in the nut market are investing in nutmeals due to the popularity of paleo diet and an increasing number of people opting for a protein packed substitute base for baked goods. Nutmeal has its main function as a substitute for plain flour or as a mixture in flour for baking and cooking. It has the benefit of blending easily as a powder in various bases and providing the taste and nutritional benefits of nuts to the product. The coarseness and texture of the nutmeat is determined by the type of nut used and the fineness required for the specific application.
Nuts and nutmeals are driven by the growing awareness of the health benefits of nuts, which are a rich sources of folate, fiber, protein, and other essential minerals. They are a good source of saturated fats and help in maintaining a healthy heart and brain. Moreover, insulin levels are maintained in diabetic patients. Many nuts also contain omega-3 fats, Vitamin E and folate, making them a great nutrition substitute of meat, for vegetarians. Furthermore, with an increase in interest for paleo and vegan diets, the use of nutmeal is on the rise by consumers for their protein needs in the absence of meat, milk, eggs, and other protein rich meat and animal products.
Restrains in the nuts and nutmeals market is the high amount of fats and calories, which pose as major deterring factors owing to high obesity levels in people. These contain a high level of sodium and artificial flavoring, which are counter effective to the heart protecting health benefits of nuts. Another major deterring factor is the prevalence of nut allergy among people, with 1.4% of the population in the United states alone suffering from peanut allergies. Opportunities can be seen in the form of use of nuts and nutmeals in various new application industries, as a result of the changing taste of the consumers due to globalization and urbanization, especially in the developing countries.
The market is segmented according to nut type into - almonds, peanuts, macadamia nuts, hazelnuts, walnuts, cashews, pistachios, and others. Cashew, which is popular in Asia due to the warm climate in the region and a major export product in places such as India, has the largest global market share with XX%, followed by peanuts and almonds. Peanut has major application in North America and Europe with its uses in breakfast items such as peanut butter, which is largely consumed in the western countries. In the recent decades, almond has gained a good reputation for being a healthy nut with its diabetic friendly attributes such as, comparatively low fat content and healthy omega-3 fats. The market is segmented by usage and application into ready-to-eat nuts, oil, savories, confectionery and bakery, dairy, beverage, cereal and others. While nuts have the greatest application in ready to eat foods, nutmeals are primarily used in baking. Both nuts and nutmeals have high application as blends in savories such as trail mixes and cereal, where they allow for â€œsmart-labellingâ€ of products to attract health conscious consumers.
The market is further segmented on basis of region into - North America, Europe, Asia-Pacific, Africa and South America. Asia-Pacific is the main market for nuts, with India and China making up the largest market share in the continent. This is due to the high production of nuts in these countries which allows for export all around the world. The North American and European markets come in next, with nuts being very popular additions in processed food such as cereals and trail mixes. When it comes to usage and production of nutmeals, North America is the largest market due to high disposable income in the region and the popularity of following emerging food fads in the region. Asia-Pacific shows promising growth rate for nutmeals due to easy availability in the region.
Major Companies in the Sector Include:;
To gain market share, these companies are adapting numerous strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities.
Market analysis for the global nuts and nutmeals market, with region specific assessments and competition analysis on global and regional scale
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market share
Identification and analysis of the macro and micro factors that affect the global nuts and nutmeals market on both global and regional scale
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings
4. Market Overview
4.1.1 Growing Awareness of the health benefits of nuts
4.1.2 Interest in paleo and vegan food trends
4.1.3 Smart labelling of food containing nuts
4.2.1 High amount of fats and calories
4.2.2 Excess sodium in ready-to-eat nuts
4.2.3 Prevelence of nut allergy
4.3.1 Substitution of nutmeal for flour in various industries
4.3.2 Changing tastes and urbanization in developing countries
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Nut Type
5.1.3 Macadamia Nuts
5.2 By Usage and Application
5.2.4 Confectionery and Bakery
5.3 By Geography
5.3.1 North America
188.8.131.52 United States
5.3.3 Asia Pacific
5.3.4 South America
184.108.40.206 South Africa
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies in the past five years
6.5 Market Share Analysis
7. Company Profiles
7.1 Blue Diamond Growers Inc.
7.2 Cargill Inc.
7.3 McCormick and Co
7.4 Archer Daniels Midland Co.
7.5 Richardson International
7.6 Monsanto Co.