Global Tree Nut Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Countries like the United States, China, India, and European nations are among the largest consumers and importers of tree nuts

The Global Tree Nut Market is estimated to be USD 62.87 Bn in 2023 and is expected to reach USD 102.08 Bn by 2028 growing at a CAGR of 10.18%.

The seeds of certain fruit-bearing trees are known as tree nuts. They are high in protein, fiber, vitamins, and minerals. Almonds, Brazil nuts, cashews, hazelnuts, macadamia nuts, pecans, pine nuts, pistachios, and walnuts are examples of tree nuts. Tree nuts are a popular snack and ingredient in many dishes. They are delicious raw, roasted, or salted. Tree nuts can also be made into nut butter or used to granola, trail mix, and other dishes. They are a healthy snack, but they can be problematic for persons allergic to tree nuts. Tree nut allergies are among the most prevalent food allergies, and they can result in severe allergic reactions, such as anaphylaxis.

Tree nuts are a good source of protein, fiber, vitamins, and minerals source. They are also a good source of healthy fats, which can help to lower cholesterol levels and reduce the risk of heart disease. In addition, tree nuts are a good source of antioxidants, which helps to protect the body against damage from free radicals. As a result of these health benefits, consumers are increasingly aware of the importance of including tree nuts in their diet. This is driving the growth of the Global Tree Nut Market.

Stringent government regulations are hindering the growth of the tree nut market. These regulations impose standards and safety measures that are costly and time-consuming for producers, especially smaller-scale farmers who lack the necessary resources. The extensive bureaucratic procedures and lengthy approval processes significantly delay introducing of new tree nut products, stifling innovation and impeding market expansion. Additionally, strict environmental regulations to protect natural resources limit the expansion of tree nut plantations, leading to restricted supply and potential price increases. While regulations serve important purposes such as consumer protection and sustainability, finding a balance between compliance and market growth is crucial to foster the development and competitiveness of the tree nut industry.

The tree nut market is experiencing growth due to the rising popularity of plant-based diets because individuals adopting plant-based diets value tree nuts such as almonds, walnuts, and cashews for their nutritional benefits, including protein, healthy fats, fiber, vitamins, and minerals. Consequently, tree nuts have become a favored choice among plant-based eaters as they offer versatility in cooking and substitute animal-based ingredients in various recipes, enhancing the appeal of plant-based meals. As more people embrace plant-based lifestyles for health, environmental sustainability, and ethical considerations, the demand for tree nuts as essential components in plant-based diets, snacks, and alternatives continues to surge. This increasing consumer preference for plant-based diets is fueling the expansion of the tree nut market.

Market Segmentations

• The Global Tree Nut Market is segmented based on Product type, Form, Distribution Channel, Applications, and Geography.
• By Product type, the market is classified into Almonds, Cashews, Walnuts, Pistachios, and Others.
• The Almond segment holds the largest market share due to its delicate flavor and tasty crunch that complement various ingredients and variations. Almonds are naturally gluten-free, dairy-free, paleo, keto, and vegan, making them an ideal snack or addition to dairy products as a beverage.
• By Form, the market is classified into Whole, Split, and Others.
• The Whole segment holds the market share as it is the primary form of tree nuts. And are popular in snacks and mid-day meals. The majority of tree nuts are consumed whole, as ingredients in foods, or in medicinal preparations.
• By Distribution Channel, the market is classified into Online and Offline.
• The offline segment holds the largest market share as the adult people or older generation don’t prefer to buy such things online, but the online segment is growing with the highest CAGR as the new generation doesn’t find time for grocery shopping.
• By Applications, the market is classified into Direct Consumption/Culinary Purpose, Bakery & Confectionery, Breakfast Cereals, Snacks, Flavored Drinks, Butter & Spreads, Dairy Products, and Others.
• Baker & Confectionery segment has the highest market share as the tree nuts are used in producing a variety of baked goods, chocolates, and confectionary items.
• By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
• Europe holds the highest market share as European consumers shift from conventional to organic products. The growth in the popularity of healthy and nutritious snacking and eating habits among European consumers continues to drive the market.

Recent Development

• Blue Diamond Growers introduced Almond Breeze Extra Creamy Almond Milk, a plant-based alternative to whole dairy milk. The milk is perfect for users who are lactose intolerant or allergic to dairy, want to make and drink non-dairy alternatives, or prefer vegan alternatives - January 2022.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Company Archer Daniels Midland Company, Blue Diamond Growers, Diamond Foods, LLC, Hines Nut Company, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Travel Retail Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Travel Retail Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

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• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
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Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market