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United States Nuts Market - Growth, Trends, and Forecasts (2023 - 2028)

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  • 90 Pages
  • April 2023
  • Region: United States
  • Mordor Intelligence
  • ID: 5206560
The United States Nuts Market is projected to register a CAGR of 3.52% during the forecast period.

The nuts market is expected to exhibit significant growth during the forecast period. The growing vegan population in the country is also accelerating the growth of the market as an increasing number of Americans are seeking for plant-based protein diet. Hence, nuts are broadly considered a good alternative to fish and eggs for fulfilling calcium and vitamin B12 needs. In recent decades, almonds gained a good reputation for being a health nut, with their diabetic-friendly attributes, such as their comparatively low-fat content and healthy omega-3 fats.​ Hence, various companies have been offering a variety of nuts and seeds to cater to the growing demand for nuts across the country. According to data by Snack Foods & Wholesale bakery, in the United States, the sales of leading snack nut vendors last year were Wonderful Pistachios and Almonds (USD 975.95 million), Kraft Heinz Co. (USD 974.82 million), and Blue Diamond Growers (USD 530.88).

The growing popularity of healthier snacking and eating habits among American consumers continues to encourage the consumption of nuts, both tree nuts and ground nuts. The fight against cardiovascular diseases and the desire for better health and well-being, along with the publication of scientific studies highlighting the benefits of nut consumption, are likely to continue fueling demand for these products. Nuts are widely regarded as nutritional dynamite among American consumers. Hence, due to the nutritional benefits offered by nuts and the country’s self-sufficiency in its production, they serve as a great snack substitute, which in turn drives the market studied.​

United States Nuts Market Trends

Surge in Demand For Healthy Snacking

The increasing demand for functional, better-for-you snack mixes or trail mixes, with an emphasis on those offering a clean label, protein, and all-natural ingredients, is one of the major factors driving the growth of the nuts market in the country. The per capita consumption of nuts has been increasing at a steady pace, owing to increasing consumer indulgence in healthy snacking. According to the United States Department of Agriculture, during the period 2020/21 the per capita consumption of pistachios (shelled) in the United States was 0.6 pounds which were higher than the consumption during the previous year which was 0.48 pounds in 2019/20. Moreover, a national shift away from traditional sources of protein, like red meat, has made the protein-packed nut an increasingly popular foodstuff among American consumers. The country’s self-sufficiency in nut production and its wide availability across both on-trade and off-trade distribution channels, make it easily accessible to consumers.

Apart from healthy snacking, the plant-based diet followed by the ongoing trend of veganism is actively supporting the market's growth and will continue to do so during the forecast period as well. Also, the clean-label trend and availability of nut mixes, and seasoned nuts with clean-label claims such as organic, better-for-you, and others are further accelerating the growth of the market studied. Furthermore, as American consumers crave a multi-sensory experience and seek adventurous flavors, bold blends, and interesting textures in nut mixes, an increasing number of manufacturers, such as Blue Diamond Growers, existing in the market are actively expanding their product offerings to cater to the consumers demand nutritious yet flavorful on-to go snacking options. With a naturally subtle flavor and various versatile forms, almonds support continued innovation in the snack mix category.

Wide Application and Functionality

The diverse applications of tree nuts, such as walnuts, almonds, cashew, pistachio, and others, ranging from an ingredient in food and beverage products to wholesome snacks and increased awareness about its benefits among American consumers, have played a significant role in accelerating its growth. As high-protein products enter the mainstream, the focus is more on the source of protein such factors are expected to drive the market during the forecast period.

Moreover, government agencies recognize peanuts as one of the ready-to-use therapeutic foods. The market players are trying to incorporate some superfoods into it to create value for the product. As the consumers in the market are reprioritizing their value for money, the demand for almond-based snack mixes is increasing, as they are rich in vitamin E, calcium, magnesium, and potassium. In addition, they act as a great source of proteins, fibers, and healthy fats, while having low amounts of sugar. The high protein and fiber diet is one of the ongoing trends in the country. According to Progressive Grocer, in 2021 the sales value of snack nuts in the United States was USD 4.6 billion and the sales value of baking nuts was USD 1.1 billion. In addition, sourcing sustainable ingredients, developing sustainable packaging, and traceability are the most determining factors in this market. Thus, resulted clean-labeled in the emergence of organic and clean-labeled packaged nuts offered by manufacturers, such as Tierra Farm Certified Organic in the marketplace for both cooking and snacking.

United States Nuts Industry Overview

The US nuts market is competitive, with a significant share held by the leading players, such as Blue Diamond Growers, Waterford Nut Company, Tierra Farm Inc., Farm Breeze International LLC, and Hormel Foods Corporation. These key market players aim to offer the right product to the right consumer. Consistent innovation in product quality, variety, usage, and other attributes is highly essential to maintain a strong foothold in the market. Other players are also marketing their products by introducing sustainable and convenient packaging of nuts to attract more buyers. Some companies have also been involved in strategic collaborations with digital marketing or have their e-commerce platforms. Some also have collaborations with other companies to improve their supply chain and management efficiency, to reach the maximum number of customers in the market. The companies are further focusing on set targets for growth in sales and profit for each year, with the scope of major expansion across the market.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 Product Type
5.1.1 Almonds
5.1.2 Peanuts
5.1.3 Pistachios
5.1.4 Walnuts
5.1.5 Cashew
5.1.6 Other Product Types
5.2 Distribution Channel
5.2.1 On-Trade
5.2.2 Off-Trade Supermarkets/Hypermarkets Convenience Stores Online Retail Stores Other Distribution Channels
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Blue Diamond Growers
6.3.2 Tierra Farm, Inc.
6.3.3 Waterford Nut Company
6.3.4 Mariani Nut Company
6.3.5 Farm Breeze International LLC
6.3.6 The Wonderful Company LLC
6.3.7 Hormel Foods Corporation (Planters)
6.3.8 John B. Sanfilippo & Son, Inc
6.3.9 Krema Nut Company
6.3.10 Daily Crunch
6.3.11 Cibo Vita Inc.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Blue Diamond Growers
  • Tierra Farm, Inc.
  • Waterford Nut Company
  • Mariani Nut Company
  • Farm Breeze International LLC
  • The Wonderful Company LLC
  • Hormel Foods Corporation (Planters)
  • John B. Sanfilippo & Son, Inc
  • Krema Nut Company
  • Daily Crunch
  • Cibo Vita Inc.