EDIBLE NUTS MARKET ANALYSIS

Edible Nuts MarketSize and Trends

The global edible nuts market is projected to reach around US$ 276.08 billion by the end of 2022, in terms of revenue, growing at CAGR of 7.1% during the forecast period (2023-2030).

Global Edible Nuts Market: Market Trend

Snack consumption among health-conscious consumers is a trend in the market. This is creating a high demand for healthy snacks. For instance, in August 2020, Kellogg’s Nutri Grain, has launched its first savory snack product, Nuts & Bolts Trail Mix. The new snack is a mix of Nutri-Grain, peanuts, and spices with diced almonds and is available in three flavor varieties; Original Spice, Smokey BBQ, and Sweet Chilli.

The trend of gifting nuts products is growing across various regions especially in India during festivals and is expected to propel the market growth of edible nuts. In addition to this high consumption of nuts as after meals which are further expected to boost demand for edible nuts. Growing preferences for sweet snacks are also expected to foster the market growth of the edible nuts over the forecast timeframe.