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Nut Ingredients Market | Market Demand And Supply, Consumer Consumption And Cost Analysis
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The nut ingredients market is projected to reach $22,642.1 Million by 2019, at a CAGR of 5.8% from 2014 to 2019. In terms of volume, the market is projected to reach 1,946.8 MT in 2014 at a CAGR of 5.7%.
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The market has witnessed strong growth trends in the global food industry. The nut ingredients sector is evident of various innovations and developments in the forms and finished products by many key players. The growing focus on preventive health care and launch of healthier products has driven the global market. The cold chain logistics and technological advancements have also enabled the global trade of nut ingredients to a greater extent. Further, various associations and organizations promote export, research, education, and consumer awareness campaigns for growth of the market.
Nuts ingredients are exceedingly versatile in product formulation, therefore they are considered a preferred choice for food manufacturers and also for consumers as they provide both taste and impart health benefits. Every year, manufacturers are introducing new product introductions with almonds surpassing all other food introductions with nuts such as cashews and walnuts. The food categories wherein nut ingredients are included are snacks & bars, bakery products, confectioneries, beverages, cereals, desserts, and dairy products.
The European and North American regions are the largest and matured regions for the nut ingredients market. It has witnessed the fastest growth in emerging countries such as China and India. This report analyzes the market by type, application, and region. Geographically, the report is segmented into North America, Asia-Pacific, Europe, and Rest of the World (RoW). The types of nut ingredients studied are almonds, hazelnuts, walnuts, cashews, and others (artificial nuts, beechnuts, chestnuts, and chinquapin nuts). These nut ingredients are applicable for confectioneries, dairy products, bakery products, snacks & bars, desserts, cereals, beverages, and other applications (salads & sauces).
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