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Key Vendor Analysis For Nut Products Market till 2032: Mount Franklin Foods, Mandelin Inc, Besana, Bazzini, Lubeca
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The market growth is attributed to the growing snack food industry, the inclusion of health-based ingredients, and awareness related to health claims. There is a global increase in the popularity of nut products with low-calorie, low-sugar, plant-based, and low-fat properties; this increase is due to most of the global population adopting a healthy and high-nutrient diet. Globally, the health benefits of nut products have led to their large-scale adoption in numerous applications.
Restraints: Availability and fluctuating costs for nuts as raw material
The raw materials for nut products are agri-commodities that witness high uncertainties in their prices and availability. Exotic and uncommon nuts are harder to obtain, given their fluctuating yields.
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Challenges: Supply chain management intricacies and quality of nut products
By product type, the nut pastes/marzipan pastes/persipan pastes segment is projected to dominate the market during the forecast period
By nut types, the hazelnuts segment is anticipated to acquire the largest market share in the market during the study period
By application, the industrial food manufacturers segment is forecasted to dominate the nut products market during the forecast period
Nuts are used in the chocolate confectionery industry as they provide a crunchy texture, taste, and health benefits.
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Key Market Players:
Key players in this market include Olam International (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (US), Kerry Group (Ireland), Zentis GmbH & Co. KG. (Germany), Mount Franklin Foods (US), Mandelin, Inc (US), Besana (Italy), Bazzini (US), and Lubeca (Denmark).
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