LONDON, Nov. 25, 2015 /PRNewswire/ -- The nut ingredients market, in terms of volume, is projected to reach 1,946.8 MT in 2014 at a CAGR of 5.7% from 2014 to 2019.
Nut ingredients are widely used in the food industry to enhance the taste and value to the foods such as confectioneries, dairy, bakery, snacks & bars, desserts, cereals, beverages, and others. Rising consumer demand for health-based foods and innovative food products are driving the market for nut ingredients. Various associations & organizations held by the government to encourage the consumption of nut products along with the technological advancements have encouraged the nut ingredient manufacturers to adopt the business.
Both, bottom-up and top-down approaches were used to derive the size of the nut ingredients market.
The market segments include type, application, and region.
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.
All growth parameters in individual segments have been considered in this report. Amongst nuts, in terms of value, almonds are dominant in the nut ingredients market, followed by hazelnuts, walnuts, and cashews. The global demand for walnuts is growing at a higher rate due to the growing consumer awareness regarding health benefits associated with walnuts.
The 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.
The nut ingredients market, on the basis of type has been segmented as follows
- Others (artificial nuts, beechnuts, chestnuts, and chinquapin nuts)
The nut ingredients market on the basis of application has been segmented as follows
- Dairy products
- Bakery products
- Snacks & Bars
- Others (salads & sauces)
The nut ingredients market on the basis of region has been segmented as follows
- North America
- Latin America
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