Global Tree Nuts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Almonds, Pistachios, Walnuts, Cashews, and Others.By Form ;
Whole, Split, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Tree Nuts Market (USD Million), 2021 - 2031
In the year 2024, the Global Tree Nuts Market was valued at USD 58,790.25 million. The size of this market is expected to increase to USD 124,558.20 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.3%.
Increased consumer awareness about maintaining a healthy lifestyle has led people to include fruits and nuts in their diets, increase their water intake, and adopt other healthy eating practices. These changes can greatly impact an individual's well-being and health.
The World Health Organization (WHO) advises adults to include nuts in their diets due to their numerous health benefits. Consequently, consumers are recognizing the value of this nutritious food, driving the global nuts market's expansion. To attract health-conscious customers, businesses in the market are increasingly practicing organic farming. The global cultivation of nuts is also expected to rise in the coming years due to the growing use of raw nuts, nutmeals, and blends in snacks like trail mixes. However, despite being a healthy snack option, the high calorie and fat content of nuts, which can contribute to obesity, poses a significant challenge to the market's growth. Additionally, the prevalence of nut allergies among a segment of the population is expected to further impede market expansion.
Global Tree Nuts Market Recent Developments & Report Snapshot
Recent Developments:
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In April 2024 - The PLANTERS Brand Team Launched PLANTERS Nut Duos Snacks, a New Flavor-Forward Innovation in Snack Nuts. The newest PLANTERS product offering offers the perfect snack, two different kinds of nuts and two distinct flavors combine to provide a thrilling texture and flavor experience in a single bag.
Parameters | Description |
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Market | Global Tree Nuts Market |
Study Period | 2021 - 2031 |
Base Year (for Tree Nuts Market Size Estimates) | 2024 |
Drivers |
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Restraints |
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Opportunity |
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Segment Analysis
The Global Tree Nuts Market is segmented by product and geography. By product, the market is divided into various types of tree nuts, including almonds, walnuts, cashews, pistachios, hazelnuts, pecans, and others. Each segment's growth is driven by factors such as nutritional benefits, rising consumer demand for healthy snacks, and the increasing use of nuts in food products like bakery items, confectioneries, and dairy alternatives. The almond segment, in particular, is witnessing significant growth due to its high nutrient content and versatility in culinary applications.
Geographically, the market is analyzed across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe hold substantial market shares due to high consumption rates and the presence of major market players. The Asia Pacific region is expected to exhibit the highest growth rate during the forecast period, driven by increasing health awareness, rising disposable incomes, and expanding middle-class populations in countries like China and India. Furthermore, favorable government policies supporting organic farming and sustainable agricultural practices are contributing to market growth in these regions.
Global Tree Nuts Segment Analysis
In this report, the Global Tree Nuts Market has been segmented by Product and Geography.
Global Tree Nuts Market, Segmentation by Product
The Global Tree Nuts Market has been segmented by Product into Almonds, Pistachios, Walnuts, Cashews and Others.
Each of these segments is driven by unique factors such as nutritional benefits, rising health consciousness among consumers, and the increasing use of tree nuts in various food products. Almonds lead the market due to their high protein and fiber content, versatility in culinary applications, and extensive use in products like almond milk and almond butter. Pistachios and walnuts are also gaining popularity for their heart-healthy fats and antioxidants, while cashews are favored for their creamy texture and use in dairy-free products.
Geographically, the market spans across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe dominate the market, owing to high consumption rates and the presence of major market players. However, the Asia Pacific region is expected to exhibit the fastest growth during the forecast period. This growth is attributed to increasing disposable incomes, expanding middle-class populations, and rising health awareness in countries like China and India. Additionally, favorable government policies promoting organic farming and sustainable agricultural practices are boosting the production and consumption of tree nuts in these regions.
Global Tree Nuts Market, Segmentation by Form into
The Global Tree Nuts Market has been segmented by Form into Whole, Split, and Others
The whole nuts segment holds a significant share due to the rising demand for convenient, ready-to-eat healthy snacks. Consumers increasingly prefer whole nuts for their natural state and minimal processing, which retains their nutritional value. Split nuts, which are often used in cooking and baking, cater to the food industry’s need for easily incorporable ingredients in various recipes. The "others" category includes forms such as chopped, roasted, and powdered nuts, which are utilized in a wide range of food products like confectioneries, desserts, and dairy alternatives.
Geographically, the market is analyzed across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe dominate the market due to high consumption rates and advanced food processing industries. However, the Asia Pacific region is expected to witness the highest growth during the forecast period. This growth is driven by increasing health awareness, rising disposable incomes, and the expanding middle-class population in countries like China and India. Additionally, favorable government policies supporting organic and sustainable farming practices are contributing to the production and consumption of tree nuts in these regions.
Global Tree Nuts Market, Segmentation by Geography
In this report, the Global Tree Nuts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Tree Nuts Market Share (%), by Geographical Region, 2024
The Global Tree Nuts Market is segmented by geography into five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe hold substantial market shares, driven by high consumption rates, health-conscious consumers, and the presence of major market players. These regions also benefit from advanced food processing industries and strong distribution networks that ensure a steady supply of tree nuts.
The Asia Pacific region is expected to experience the fastest growth during the forecast period. This growth is attributed to increasing disposable incomes, expanding middle-class populations, and rising health awareness in countries such as China and India. Additionally, government initiatives supporting organic and sustainable farming practices are boosting the production and consumption of tree nuts in this region. The Middle East and Africa, along with Latin America, are also showing potential for growth due to improving economic conditions and growing awareness of the health benefits associated with tree nuts.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Tree Nuts Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Health Benefits
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Rising Vegan and Vegetarian Trends - The Global Tree Nuts Market is experiencing significant growth, driven by the rising trends of veganism and vegetarianism. As more consumers adopt plant-based diets for health, ethical, and environmental reasons, the demand for nutritious and versatile foods like tree nuts is increasing. Tree nuts, such as almonds, cashews, and walnuts, are rich in protein, healthy fats, vitamins, and minerals, making them an ideal substitute for animal-based products. They are widely used in a variety of vegan and vegetarian recipes, from dairy-free milk and cheese alternatives to meat substitutes and baked goods, further fueling their popularity.
Additionally, the growing awareness of the health benefits associated with plant-based diets is prompting consumers to incorporate more tree nuts into their daily meals. This shift is supported by numerous studies and endorsements from health organizations, highlighting the role of tree nuts in reducing the risk of chronic diseases, improving heart health, and providing essential nutrients. As a result, food manufacturers are innovating and expanding their product lines to include more tree nut-based options, catering to the increasing demand from health-conscious and environmentally aware consumers. This trend is expected to continue driving the growth of the Global Tree Nuts Market in the coming years.
Restraints :
- Price Volatility
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Availability of Substitutes - In the Global Tree Nuts Market, the availability of substitutes plays a crucial role in shaping consumer preferences and market dynamics. While tree nuts like almonds, walnuts, pistachios, and cashews are highly valued for their nutritional benefits and culinary versatility, there are several substitutes that consumers may opt for based on taste preferences, dietary restrictions, or cost considerations.
One prominent substitute for tree nuts is peanuts, which are technically legumes but often used similarly to tree nuts in culinary applications and snacks. Peanuts offer a similar crunch and flavor profile, making them a popular alternative, especially in regions where tree nuts are less common or more expensive. Additionally, seeds such as sunflower seeds, pumpkin seeds, and chia seeds are used as substitutes for nuts in various food products due to their nutritional content and texture.
The availability of these substitutes impacts market dynamics by influencing pricing strategies, consumer purchasing decisions, and product innovation in the nut industry. Manufacturers often highlight the unique qualities and health benefits of tree nuts to differentiate them from substitutes and maintain consumer interest and demand in the market.
Opportunity :
- Product Innovation
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Focus on Organic and Sustainable Practices - The Global Tree Nuts Market is increasingly focusing on organic and sustainable farming practices to meet growing consumer demand for healthier and environmentally friendly food options. Organic farming methods emphasize the use of natural fertilizers and pesticides, which reduces environmental impact and promotes soil health. This approach resonates well with health-conscious consumers who prioritize pesticide-free and non-GMO products.
Sustainability has become a key driver in the tree nuts industry, with initiatives aimed at reducing water usage, conserving biodiversity, and promoting fair labor practices in nut-producing regions. These practices not only support ecological balance but also enhance the marketability of tree nuts as ethical and sustainable food choices. Moreover, certifications like USDA Organic and Fair Trade are gaining importance, providing assurance to consumers about the quality and ethical sourcing of tree nuts. As consumer awareness continues to rise globally, the adoption of organic and sustainable practices is expected to further drive the growth of the Global Tree Nuts Market in the coming years.
Competitive Landscape Analysis
Key players in Global Tree Nuts Market include
- Archer Daniels Midland Co
- Blue Diamond Growers
- Mariani Nut Co
- Olam International Ltd
- Select Harvests Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Form
- Market Snapshot, By Region
- Global Tree Nuts Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Health Benefits
- Rising Vegan and Vegetarian Trends
- Restraints
- Price Volatility
- Availability of Substitutes
- Opportunities
- Product Innovation
- Focus on Organic and Sustainable Practices
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Tree Nuts Market, By Product, 2021 - 2031 (USD Million)
- Almonds
- Pistachios
- Walnuts
- Cashews
- Others
- Global Tree Nuts Market, By Form , 2021 - 2031 (USD Million)
- Whole
- Split
- Others
- Global Tree Nuts Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Tree Nuts Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Archer Daniels Midland Co
- Blue Diamond Growers
- Mariani Nut Co
- Olam International Ltd
- Select Harvests Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market