Global nuts and seeds market is expected to reach USD 1,393.70 billion and 45.36 kg billion by 2021 respectively

2024-04-19 11:00:39 Lifestyle

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According to a new market report published by Transparency Market Research ?Nuts and Seeds Market by Nuts Type (Cashew Nuts, Peanuts, Almond, Walnuts, Macadamia Nuts and Others), by Seeds Type (Sunflower Seeds, Chia Seeds, Sesame Seeds, Corn/Maize Seeds, Soybean and others) Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 ? 2021?, the nuts and seeds market was valued at USD 1,193.29 billion in 2014, which is expected to reach USD 1,393.70 billion by 2021, growing at a CAGR of 11.7%% from 2015 to 2021. The market volume of the global nuts and seeds market was valued at 38.32 kg billion in 2014 which is expected to increase to 45.36 kg billion by 2021 growing at a CAGR of 9.1% from 2015 to 2021.

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Nuts and seeds are inclusive of some important nutrients such as folate, fiber and other essential protein and minerals that make them rich in nutritional value. Nuts are predominantly defined as hard shelled fruits that are dry in nature with an edible kernel. Nuts are eaten raw or used as an ingredient in snack foods. Additionally, nuts find usage as an ingredient in cooking and they are also used as an additive in cosmetic products. Seeds are embryonic plants enclosed in a seed coat. Several types of cooking oils are extracted from seeds and they form a major component in several types of condiments and spices. Further, seeds also find major usage as food additives.

The global nuts market has been classified on the basis of product types into peanut cashew nut, almond, walnuts, macadamia nuts and others. The others segment is inclusive of brazil nuts, pecan nuts and hazel nuts among others. Cashew nuts dominated the global nuts market accounting for more than 1/4th of the total market in 2014 and are expected to continue its dominance throughout the forecast period, although the market share is anticipated to witness a minor decline by the end of the forecast period. The global seeds market has been classified on the basis of product types into sunflower seed, chia seed, sesame seed, corn/maize, and soybean among others. Corn/Maize held the largest market share accounting for more than 40% of the total seeds market in 2014 and this segment is expected to remain the market leader throughout the forecast period.

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The global nuts and seeds market has been segmented on the basis geography into North America, Europe, Asia Pacific, and Rest of the World (RoW). Rest of the World (RoW) includes regions such as Latin America, Middle East and Africa. Asia Pacific dominate the global nuts market acquiring more than 90% of the nuts market in 2014 and is expected to retain its leading position throughout the forecast period. India and China are the major contributors to the nuts market in Asia Pacific. However, Asia Pacific held the second largest market share in the global seeds market accounting for more than 30% of the seeds market in 2014 and is expected to retain its position throughout the forecast period.

North America dominated the global seeds market accounting for more than 35% of the total market in 2014 and is expected to continue dominating the market throughout the forecast period, although a minor decline in its market share is predicted by 2021. However, North America held a minimal market share in the global nuts market accounting for less than 1.5% of the total nuts market in 2014, but the market share is expected to increase by the end of the forecast period. U.S. and Canada are the major contributors to the nuts and seeds market in North America.

Europe accounted for less than 20% share of the global seeds market in 2014, thus being the third largest market. However, this region is expected to retain its position throughout the forecast period. Europe held the lowest market share in the global nuts market accounting for less than 1% share in 2014, but this market share is expected to cross the 1% mark by the end of the forecast period. Adoption of a healthier lifestyle is primarily driving the demand for the nuts market in Europe. Germany, U.K., France, Italy, and Spain are the major contributing countries in the nuts and seeds market in Europe.

Rest of the World (RoW) includes regions such as Middle East, Latin America and Africa. This segment held the lowest market share, accounting for less than 15% of the global seeds market. However, RoW held the second largest market share, accounting for more than 4% in 2014 and the market share is expected to increase by the end of the forecast period.

The global nuts and seeds are inclusive of some major players operating in this market. Diamond Foods Inc, Blue Diamond Growers Inc, Richardson International, Syngenta A.G., Monsanto Co. are some of the major players operating in the global nuts and seeds market.