Nuts Market Analysis
The affordability and the increasing awareness of seeds and nuts have boosted the global demand for these products. According to the research, the nuts market is projected to grow to $1.279 trillion by the year 2021. With regards to the volume, it can increase to 41 million tons during the same year. Using innovative products to attract the interest of the consumers has helped the business to achieve an unprecedented traction and result. For instance, the introduction of honey-flavored nuts products has helped the companies to cater to the health-conscious consumers.
The Change in the Development and Consumption Pattern
According to the studies, the moderate consumption of nuts has a positive impact on our health. This can minimize the development of health conditions such as diabetes, hypertension, inflammation, cancer, gallstones and heart disease. Consumption of nuts in moderation will also help individuals in maintaining the ideal body weight while reducing the bad cholesterol. It also showed a positive result on our visceral adiposity and metabolic rate. The increased affordability and the rising awareness towards these health benefits, has triggered the shift in consumption patterns.
The continuous development in this market sector to create genetically modified nuts has lead to a sustainable industry that also contributes to the growth in the market of nuts. In the future, the public will require the genetically modified nuts in order to address the needs of the public despite of the reduced fertility rate, exploitation of land, and increasing urbanization.
The Dominance in the Nuts Market
The Asia-Pacific countries will continue to dominate the nuts market in the coming years. As of today, the Asia-pacific is the leading contributor that accounts for more than 90% of the share. This is then followed by the Europe and North America. In the Asian Pacific, the biggest suppliers would be China and India followed by the rest of the Asia-Pacific Region. In Europe, the biggest producer of nuts would be Spain, Italy, France, UK, and Germany.
What Hinders the Growth of the Nuts Market?
The nuts are known to have a high content of fats which may lead to an adverse effect on our health if excessively consumed. Though the high amount of fat of nuts is unsaturated, the extreme intake can also trigger respiratory problems, increased blood pressure, and obesity. These health concerns affect the growth in this market.
Another factor that can possibly affect the growth of the nuts market would be the high cost that the company can incur during the processing of the nuts. This makes them unaffordable for individuals who are cost-conscious.
This report provides you a comprehensive analysis of the nuts market. It comes with some information that tackles about the price dynamics, consumptions, productions, and the most recent market value. This will help you determine the key factors that restraints or drives the market that may lead to the decline or growth of the market. This will also help you reach a better decision in case you are planning to enter the lucrative industry of the nuts market.