Macadamia Nut Market Rising With Growth In New Technology Trends Research By 2030

Comentários · 6 Visualizações

Macadamia Nut Market Set to Witness an Uptick during 2023 to 2030

San Francisco, 26 March 2024: The Report Macadamia Nut Market Size, Share & Trends Analysis Report By Processing (Organic, Conventional), By Product (Raw, Roasted, Coated), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

The global macadamia nut market is anticipated to reach USD 3.57 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 9.3% from 2023 to 2030. With the growing importance of healthy eating, the market is growing at a quicker rate, and consumers are increasingly adopting nuts as a healthy snack option and incorporating them into their daily meals. Furthermore, organic macadamia is becoming more popular, with increased demand primarily coming from European countries.

Macadamia nuts are an Australian native nut. These nuts are the fruits of the macadamia tree, which can be found in eastern Australia. These lustrous nuts have a leathery outer shell and are around 1 inch in diameter. Macadamia nuts are mostly farmed in Australia, but they are also grown commercially in Hawaii and, to a lesser extent, Florida and California.

While macadamia nuts are native to Australia and are farmed there, commercial production is concentrated on Hawaii. Macadamia trees can be found in California and Florida for the continental United States, and in several nations in Latin America, Africa, and Asia. The highest quality macadamia kernels are not only free of defects or insect and fungal damage, but also contain at least 72 percent oil. The kernels with less than 72 percent oil are usually immature and harder and will over-brown when roasted.

While the product is often utilized as an ingredient in Australia, the United States, and Japan, macadamia nuts are still mostly eaten as a snack in Europe (usually roasted and salted). However, as the global supply grows, so does interest in many European businesses, with macadamia nuts increasingly being utilized in the manufacturing of butter, chocolate coating, and as a confectionery ingredient.

Demand for commodities is increasing, but there is a deficit of supply on the global market, which causes inconsistencies in the supply-demand situation. As a result, the sector desperately needs investments, as well as support from government entities. Also, it might operate as a market development growth catalyst. For instance, the Hawaii Macadamia Nut Association conducted research on diverse subjects, including micronutrient management, orchard floor management, canopy management, integrated pest management, and nutrient management. One such effort was on fertilizing macadamia, which included all the essential soils in macadamia nuts, as well as determining the soil's nutritive value, cell density for bearing macadamia nuts, and other factors.

Request sample report of Macadamia Nut Market@ https://www.grandviewresearch.com/industry-analysis/macadamia-nut-market/request/rs1

Growing public knowledge of the health advantages of nuts and dried fruits has been a key driver in the macadamia market's expansion. Macadamia nuts are also used to make macadamia oil, which has become popular among both businesses and consumers. In recent years, there has been a considerable increase in global demand for healthy and nutritious snacks, particularly among the younger generation and the working-class population. People are also migrating away from non-vegetarian protein sources and toward plant-based protein sources.

Macadamia Nut Market Report Highlights

  • The market is expected to expand with a CAGR of 9.3% from 2023 to 2030. The significantly rising demand for healthy snacks among the growing population and the rising awareness of the health benefits of macadamia nuts and its by-products is boosting the demand for these products
  • The conventional macadamia nuts is dominating the market with a largest share in 2022. These nuts have widespread use in various industrial categories like food and beverage and personal care and cosmetics thereby positively boosting impacts of the market growth.
  • North America had the largest share in 2022 for market. The companies in these regions are implementing vertical integration to counter rising raw material prices. Also, a strong social trend towards health has helped fitness businesses to develop in the region

Without incorporating any animal protein, macadamia nuts are the greatest way to meet one's daily protein and fat requirements. This helps customers to stick to their vegan diets while avoiding lactose discomfort. For instance, according to a poll by Beijing-based think tank EO Intelligence in 2023, up to 71% of surveyed consumers stated snacks are equally important to their physical and psychological health. Freshness and healthy qualities are the top priorities for almost 85% of millennials, who are the primary buyers of healthy snacks in the market.

Macadamia Nut Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 1.75 billion

Revenue forecast in 2030

USD 3.57 billion

Growth rate

CAGR of 9.3% from 2023 to 2030

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2023 - 2030

Macadamia kernels can be consumed fresh, cooked with, or processed into a number of goods. Roasted, roasted and salted, chocolate coated, honey-roasted, and wasabi-flavored are all popular options. They're also used in biscuits, pastries, and ice cream, and they're ground into a paste and cold pressed to make an oil. Consumers like oil-roasted macadamia nut kernels, but dry-roasted nuts are more popular because they only contain endogenous macadamia oil.

List of Key Players of Macadamia Nut Market

  • Hawaiian Host Group
  • Health and Plant Protein Group Limited
  • Hamakua Macadamia Nut Company
  • Mac's Nut Co. of Hawaii
  • North Shore Macadamia Nut Company
  • Superior Nut Company, Inc.
  • Macadamia.US
  • Makua Coffee
  • T.M. Ward Coffee Company

 

Comentários