New York, NY, July 25, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Nuts and Seeds Market by Type (Nuts and Seeds), By Distribution Channel (Online and Offline): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global nuts and seeds market was valued at around USD 975.40 billion in 2017 and is expected to reach approximately USD 1345.27 billion by 2024, growing at a CAGR of around 4.7% between 2018 and 2024.
Nuts and seeds are made of poly and monounsaturated fats. These fats play an essential role in human health by maintaining and managing the normal structure of each cell. Nuts and seeds contain a variety of minerals such as zinc, phosphorus, magnesium, and calcium, which plays an important role in energy production, immunity building, and bone development. Nuts and seeds are widely used as an alternative to meat in many vegan recipes. Nuts and seeds are advised to avoid in case of allergic reactions.
Browse through 107 Tables & 19 Figures spread over 110 Pages and in-depth TOC on "Global Nuts and Seeds Market: Industry Type, Size, Share, Trends and Forecast, 2017 – 2024”.
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The nuts and seeds market is projected to exhibit considerable growth during the forecast period. The nuts and seeds market is primarily driven by growing vegan population across the world. Nuts and seeds are broadly considered as a good alternative for fish and eggs for fulfilling calcium and vitamin B12 needs. This, in turn, is anticipated to enhance the growth of the nuts and seeds market during the forecast period. The growing health awareness coupled with increasing consumption of nuts and seeds through daily snacks and diet are the important factors projected to enhance the growth of the nuts and seeds market during the forecast period.
The nuts and seeds market is segmented on the basis of the type as nuts and seeds. Nuts are the fruits that consist of seed and hard shell. Seeds are the good source of proteins and calories for a human. Edible seeds can be obtained from both gymnosperm and angiosperm species of plants. Nuts can be further classified into pistachios, cashew nut, almond, walnut, macadamia nut, and others. Seeds can be further classified as chia seeds, flaxseeds, sunflower seeds, pumpkin seeds, sesame seeds, and others. The nut segment is anticipated to exhibit significant growth in the near future owing to its increasing popularity as a healthy food ingredient in the different bakery and confectionery products. Based on the distribution channel, the nuts and seeds market is segmented into the online channel and offline channel. The online channel is anticipated to show moderate growth over the forecast period owing to the increased use of smartphones and digital marketing.
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North America is currently the leading region in the nuts and seeds market with a share of over 26% with respect to revenue generation in 2017. This is mainly due to increasing demand for plant-based food products and growing vegan population. Changing consumption pattern of consumers towards nuts and seeds is anticipated to enhance the growth of the nuts and seeds market in North America during the forecast period.
North America region was followed by the Asia Pacific. Key factors that are anticipated to boost the nuts and seeds market in the Asia Pacific include rising health awareness and increasing consumption of nuts and seeds through daily diet in developing countries such as India and China. The growing number of newly launching vegan products coupled with the continuously growing vegan population is anticipated to enhance the growth of the nuts and seeds market in this region.
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Europe is anticipated to exhibit significant growth in the years to come. This is primarily due to rising imports of nuts and seeds in Europe. Developing markets in Eastern and Central Europe, and Baltic countries coupled with rising health trend in the Germany and Netherlands presents good opportunities for traders and suppliers of the nuts and seeds in the region.
The Middle East & Africa is anticipated to exhibit considerable growth in the near future. This growth is primarily due to the growing middle-class population and increasing consumption of nuts and seeds in the countries such as Iran, Egypt, and others. Growing number of the nuts and seeds green farms and rapidly evolving procedures and techniques of the nut and seeds processing is projected to enhance the growth of the South Africa nuts and seeds market. Latin America is another significant region and is anticipated to exhibit noticeable growth during the forecast period. This growth is mainly due to increasing research & development to provide innovative ready to eat products.
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The key players operating in the global nuts and seeds market accounted for a considerable market share in 2017. The major companies operating in the market are investing in product innovation such as combining chemistry and genetics, shareholding purchase and quality standard maintenance in order to offer innovative products and to enter into the overseas market. Some of the key players are Syngenta A.G., Cargill Incorporated, Blue Diamond Growers Inc., Richardson International, Diamond Foods Incorporated, McCormick and Company Inc, and Bayer Crop Science A.G.
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This report segments the global nuts and seeds market as follows:
Global Nuts and Seeds Market: Type Segment Analysis
- Nuts
- Almond
- Walnut
- Pistachios
- Cashew Nut
- Macadamia nut
- Others
- Seeds
- Chia seeds
- Flaxseeds
- Sunflower seeds
- Pumpkin Seeds
- Sesame seeds
- Others
Global Nuts and Seeds Market: Distribution Channel Segment Analysis
- Online Channel
- Offline Channel
Global Nuts and Seeds Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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