Edible Nuts Market: How has COVID-19 affected the market?

Global edible nuts market is estimated to account for around US$ 228,230.4 million in terms of value in the year 2019 and it predicted to grow at a CAGR of 5.8% during the forecast period (2020-2027).

Edible nuts are dried fruits consumed worldwide and are an important source of nutrients such as fiber, potassium, vitamin A, iron, and Vitamin K. Edible nuts include almonds, cashew nuts, hazelnuts, walnuts, pistachios, chestnuts, and Brazil nuts. Edible nuts are used across various food &beverage applications such as desserts, bakery, snacks, etc.

Market Opportunities

Growing demand for plant-based beverages which is derived from edible nuts is projected to provide potential opportunities to the market. For example, in October 2019, Blue Diamond, a producer possessed helpful and the almond advertiser and processor extends their portfolio with the dispatch of Almond Breeze Almondmilk Mexican Hot Chocolate. It is created by utilizing California-developed almonds, the drink is plant-based and contains conventional fixings like cinnamon, red pepper, and allspice.

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Key companies: 

Key companies covered as a part of this study include Diamond Foods, Inc., Archer Daniels Midland Company, Olam International, Blue Diamond Growers, Mariani Nut Company, Select Harvests, GNC Global Nut Company AG, Waterford Nut Company, Farm Breeze International LLC., and Just Almonds Inc.

Edible Nuts Market – Impact of Coronavirus (Covid-19) Pandemic

Despite strong demand for basic food products such as dairy products, supply chain disruptions has prevented dairy farmers from getting their products to market. The dairy business is expected to have higher impact of the current crisis as milk products are highly perishable. This is expected to impact demand of edible nuts from this sector. According to Coherent Market Insights, edible nuts market will grow at a slightly lower CAGR between 2020 and 2021.

Key features of the study:

• This report provides in-depth analysis of the global edible nuts market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• This study also provides impact analysis of Coronavirus (Covid-19) pandemic on edible nuts market.

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