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Global Nut Ingredients Market 2019 Key Players: Barry Callebaut Group, Kerry Group, Royal Nut Compan
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%.
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.
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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).
Nut Ingredients Market Size, by Region, 2014 vs. 2019
Source: Industry Journals, Related Publications, Company Publications, and MarketsandMarkets Analysis
The European region is the largest market for nut ingredients in terms of value, while North America is the second largest, followed by Asia-Pacific. Factors fuelling the growth in Asia-Pacific are due to the demand for premium foods positioned as healthy, which are becoming popular with all the generations. Further, the explosive growth of middle-class population, rapid urbanization, increased spending power, increase in the number of working women have spurred the demand for nut-based food & beverage products in these regions
The report provides qualitative analysis of leading nut Ingredients manufacturers in the market. It enumerates the development strategies preferred by leading market players to increase their share in this market. Key players such as Archer Daniels Midland Company (U.S.), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Kerry Group (Ireland), and Kanegrade (U.K.) have been profiled in the report. The market dynamics in terms of market drivers, restraints, opportunities, and challenges have been discussed in detail in the report.
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Scope of the Report
This report focuses on the nut ingredients market, which is segmented, based on type, application, and region, projecting the size and analyzing the trends in each of the following sub-markets.
On the basis of types, the market has been segmented as follows
• Others (artificial nuts, beechnuts, chestnuts, and chinquapin nuts)
On the basis of application, the market has been segmented as follows
• Dairy products
• Bakery products
• Snacks & Bars
• Others (Salads & Sauces)
On the basis of region, the market has been segmented as follows
• North America
• Latin America
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