Nut ingredients Market – By Nut Type (Almonds, Cashews, Walnuts, Hazelnuts, Peanuts, Pistachios, Macadamia Nuts, Pecans, Others), By Form (Whole, Powdered, Chopped, Sliced/Slivered, Paste, Oil, Butter, Others), By Distribution Channel (Retail Stores, Food Service Industry, Direct Sales, Supermarkets and Hypermarkets, Online Retail (E-Commerce), Convenience Stores, Specialty Food Stores, Others), By Application (Bakery and Confectionary, Snacks and Bars, Desserts, Cereals, Dairy Products, Beverages, Sauces and Spreads, Nutraceuticals, Cosmetics, Others), By End-User (Food and Beverage Manufacturing, Food Service, Nutraceuticals and Supplements, Cosmetics and Personal Care, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030

Nut Ingredients Market Overview

Nut ingredients Market Size is valued at $ 41,699 Million by 2030, and is anticipated to grow at a CAGR of 5.6% during the forecast period 2024 -2030. The nut ingredient market is growing rapidly, driven by increasing consumer demand for healthy, plant-based alternatives in various food products. Nuts such as almonds, walnuts, cashews, and pistachios are widely used in snacks, bakery items, beverages, and spreads.

Health-conscious consumers seek nutrient-dense options rich in protein, fiber, and healthy fats. The market is further bolstered by the trend towards clean-label ingredients and plant-based diets. Innovations in nut processing, such as better flavor preservation and nutritional enhancement, are also contributing to market expansion. Key challenges include fluctuating raw material prices and supply chain constraints.

Market Snapshot:

Nut ingredients Market - Report Coverage:

The “Nut ingredients Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Nut ingredients Market.

COVID-19 / Ukraine Crisis - Impact Analysis: 

• The COVID-19 pandemic disrupted global supply chains, impacting the availability and pricing of nut ingredients. Lockdowns and transportation restrictions delayed harvesting, processing, and export activities, especially in major producing countries. On the demand side, increased health awareness boosted the popularity of nuts for their nutritional benefits, driving growth in retail and online sales. However, challenges like labor shortages, increased operational costs, and fluctuations in consumer purchasing power hindered market stability. Many manufacturers shifted to digital sales channels and local sourcing to adapt to these disruptions.
• The Ukraine crisis affected the nut ingredient market through supply chain disruptions and increased costs for energy and fertilizers. Ukraine, a significant agricultural producer, faced reduced exports, indirectly impacting global agricultural inputs. Higher transportation costs and economic sanctions further escalated prices for nut ingredients, particularly in Europe. Importing countries sought alternative sources, reshaping trade dynamics. Moreover, inflationary pressures reduced consumer purchasing power, impacting demand for premium nut-based products. Despite these challenges, some markets adapted by diversifying suppliers and increasing domestic production to ensure supply continuity.

Key Takeaways:

• Almonds Dominated the Nut ingredients Market

On the basis of Type, Almonds have become a key player in the nut ingredients market, fueled by their outstanding nutritional value, versatility, and increasing popularity among health-conscious consumers. Rich in protein, fiber, healthy fats, and essential vitamins, almonds offer a highly attractive choice for both food manufacturers and consumers seeking wholesome ingredients, driving market growth. These nuts are extensively used in a variety of applications, including bakery and confectionery products, dairy alternatives, snacks, and nutraceuticals, highlighting their adaptability and spurring market expansion. Almonds' mild flavor and appealing texture make them suitable for a wide range of recipes, while the growing demand for plant-based and clean-label ingredients further boosts their use, positively impacting the market. Furthermore, Blue Diamond’s innovative advertising campaign, launched in January 2023, effectively promotes the health benefits and versatility of almonds, tapping into the rising consumer demand and contributing to the continued growth of the nut ingredients market.

• Bakery And Confectionery Dominated the Nut ingredients Market

On the basis of Application, Nut ingredients have become essential in the bakery and confectionery sectors due to their rich flavor, nutritional value, and versatility. Almond flour, almond paste, and sliced or chopped almonds are used to elevate baked goods such as cakes, pastries, cookies, and bread, adding a premium touch. Almond paste, with its natural sweetness and smooth texture, enhances fillings, glazes, and frostings, creating indulgent experiences that drive demand for these products. Roasted and blanched almonds provide a delightful crunch and aesthetic appeal in confectioneries, enhancing products like nougat, chocolates, and truffles, which contributes to market growth. The launch of Blue Diamond’s Frosted Brownie Almonds in October 2024 underscores this trend, highlighting the growing incorporation of almonds into seasonal confectionery. This innovative flavor, blending rich chocolate and creamy frosting with almond crunch, mirrors the demand for indulgent yet nutritious snacks, which is driving market expansion. The versatility of almonds—from almond flour in gluten-free baking to almond butter in fillings—caters to health-conscious consumers seeking premium treats, further propelling the market for nut ingredients in the bakery and confectionery sectors.

• Whole Leads the Nut ingredients Market

On the basis of Form, Whole nuts are a leading form in the nut ingredient market due to their versatility, natural appeal, and superior nutritional profile. They retain their full flavor, texture, and health benefits, making them a preferred choice in a variety of food products, from snacks to baked goods. The growing demand for clean-label, minimally processed, and healthier options further enhances their market position, as whole nuts align with these consumer preferences. Moreover, their rich content of healthy fats, fiber, vitamins, and minerals positions them as a top choice in both retail and foodservice industries, driving growth in the nut ingredient market. The increasing demand for plant-based, protein-rich, and non-GMO foods also fuels the popularity of whole nuts, contributing to the market's expansion. A prime example is Ferrero India’s launch of Raffaello in January 2023, which features whole almonds as a key ingredient. This product, combining rich flavors and textures, is attracting consumers seeking indulgent treats, further propelling the nut ingredient market.

• Increasing Demand for Plant-Based Food Alternatives

The growing preference for plant-based food products is reshaping consumer dietary choices, driven by increasing health awareness, environmental concerns, and ethical considerations regarding animal welfare. This trend includes a wide range of products such as fruits, vegetables, grains, legumes, and nuts. Nuts, being highly nutritious and rich in essential fats, proteins, vitamins, and minerals, play a vital role in this shift, thereby propelling the nut ingredients market. To meet evolving consumer preferences, companies in the nut ingredients market are forming strategic partnerships to drive innovation and broaden their market presence. Collaborations with suppliers, distributors, and health-focused brands enable these companies to optimize supply chains and develop unique nut-based products. Such strategic initiatives improve operational efficiencies, foster market growth, and strengthen the competitive position of businesses. In February 2024, Agrumaria Reggina partnered with Policom to launch a new venture dedicated to plant-based nutrition. This collaboration aims to expand their portfolio with innovative plant-based products, including nut ingredients, addressing the growing demand for healthier and sustainable food options, and further driving the nut ingredients market.

• Concerns related to allergens and health regulations.

The growing shift towards plant-based food products is reshaping consumer dietary preferences, driven by heightened health awareness, environmental concerns, and ethical considerations regarding animal welfare. This trend encompasses a wide range of foods, including fruits, vegetables, grains, legumes, and nuts. Nuts, in particular, are highly valued for their nutritional benefits, providing essential fats, proteins, vitamins, and minerals, which are fueling the growth of the nut ingredients market. To stay competitive, companies in the nut ingredients market are forming strategic partnerships to foster product innovation and strengthen their market presence. By collaborating with suppliers, distributors, and health-focused brands, these companies are optimizing supply chains and developing unique nut-based products that align with consumer preferences. Such partnerships not only promote growth but also enhance operational efficiencies, helping businesses expand further in the market.

Key Market Players:

Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Nut ingredients Market. The top 10 companies in this industry are listed below:

1. ADM
2. Olam International Limited
3. Barry Callebaut
4. Sran Family Orchards, Inc.
5. John B. Sanfilippo & Son
6. Kanegrade
7. Borges Agriculture & Industrial Nuts
8. Dohler GmbH
9. Nestlé
10. Harris Woolf California Almonds

Scope of the Report: