Nuts
and seeds are rich in nutritional value and contain essential nutrients like
protein, folate, essential minerals, and fiber. Nuts are defined as dried hard
shelled fruits with edible kernel, while seeds are embryonic plants enclosed in
seed-coat. Edible seeds are derived from cereals, legumes, and nuts. Seeds and
nuts cater to a variety of applications. Nuts are eaten raw, used for cooking,
pressed for oil that is used in cooking or cosmetics, or roasted as snack food.
Seeds provide many cooking oils, spices and condiments, and some important food
additives. The nuts and seeds market is a high growth market, since the demand
for canned nuts and sees have soared in the recent times. The main market of
this industry lies in the BRICS nations, followed by the Middle East and
Europe. The growth trajectory of this industry is expected to sustain in the
future.
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One
of the largest demand generators for this industry is the snack food business,
which accounts for more than a quarter of its production. Nuts and seeds
find another major use in the oil industry, where oil is extracted from it for
cooking purposes, as well as for some cosmetic ingredients. The industry is
boosted by the demand from BRICS nations, especially Brazil, India, and Russia.
Moderate to high demand persists in countries like Mexico, Malaysia, Croatia,
and in Middle Eastern countries. Seeds and pulses are included in the
staple food of the Indian subcontinent which harbors almost one sixth of the
world population. Russia is expected to be a major contributor to the nuts and
seeds market in the foreseeable future.
One
of the major drawbacks in this business is the rising prices of nuts and seeds
due to government quotas and restrictions against import in certain countries
which drives consumers away towards cheaper alternatives. Nuts used for snacks
also face stiff competition from substitutes like potato chips, pretzels,
microwave popcorns, and tortilla chips. Innovations in products, and competitive
pricing and marketing strategies need to be adopted to sustain in the highly
competitive market. Another area of concern is the U.S. market, which has
gradually reached its maturity, and the demand has leveled out.
There
are several SME manufacturing units in this industry, mostly located in Brazil,
India, China, and in some African countries. Different variety of nuts and
seeds require different climates to grow and thrive, and are native to the
respective countries.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
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