PISTACHIO MARKET ANALYSIS
The Global Pistachio Market was valued at USD 4,093.8 Mn in 2022 and is expected to reach USD 5,510.6 Mn by 2030, registering a CAGR of 3.78% during the forecast period of 2023-2030.
Figure 1. Global Pistachio Market (%), By Segment Type
Among product type, shelled segment accounted for the largest market share in 2022, owing to their use as snacks. Increasing demand for shelled pistachios blended with flavors and seasonings in bakery and confectioneries is driving the market growth. Various manufacturers are focused towards adopting growth strategies such as mergers & acquisitions and new product launches, in order to enhance their market position. For instance, in January 2017, The Wonderful Company, LLC, one of the key players in the pistachio market, launched roasted unsalted pistachio product with new flavor.
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