Nuts And Seeds Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Market Overview

The global nuts and seeds market is expected to was worth around USD 1,259.5 billion in 2021 and is estimated to grow to about USD 1,824.4 billion by 2030, with a compound annual growth rate (CAGR) of approximately 5.6 percent over the forecast period.

The nuts and seeds market has been affected by the COVID-19 pandemic, at different stages, right from production to procurement to end-product distribution. However, COVID-19 has transformed the way people consume food as people changed their priorities and invested more in buying healthy and immunity-boosting food products which in turn boosted the sales of the nuts and seeds market. The COVID-19 pandemic also resulted in the generation of opportunities for many private players to emerge in the markets to cater to the inflated demand for nuts products, which in turn benefited the manufacturers.

The market is mainly driven by the growing awareness of the health benefits of nuts and seeds as they are rich sources of fiber, protein, vitamins, antioxidants, and other essential minerals, and the increasing popularity of the paleo diet. They are a good source of saturated fats and help in maintaining a healthy heart and brain. Hence, due to the nutritional benefits, they serve as an excellent meal substitute.

Nutrition and allergy experts estimate that 32 million people in the United States have food allergies, including to tree nuts and peanuts, and may also be lactose or gluten intolerant. This factor is restraining the growth of nuts and seeds market.

Key Market Trends

Increasing Healthy Snack Demand is Fostering the Nuts and Seeds Market

As the millennial population is becoming health conscious, their consumption pattern is also leading to the increased demand for nutrient-rich foods. The manufacturers have been developing products that can satiate the market demand for nut- and seed-based products, especially among body-conscious consumers. The increasing consumer inclination towards value-added food products such as lotus seeds in smoothie bowls is further boosting the demand for the nuts and seeds market. The prominent players are focused on research and development for new product launches that can address the growing consumer demand. The increasing adoption of nuts and seeds by processed food manufacturers as a high-value and healthy food inclusion ingredient is further boosting the demand.