Nuts and Seeds Market - Growth Forecast Analysis by Manufacturers, Regions, Types and Applications to 2021

Rising awareness regarding the vast health benefits of nuts and seeds, rising affordability owing to increasing disposable incomes, and shifting consumption preferences of the global consumers are collectively driving the global market for nuts and seeds. The market for seeds is also gaining significant traction owing to the vast advancements in the field of genetically modified crops and biotechnology. With the mounting rise in global population and the resultant rise in demand for increased agricultural produce, the demand for genetically modified seeds is expected to significantly rise in the next few years. Increased preference to nutritious food products and snacks on a global front will increase the appeal of a variety of nuts.

Transparency Market Research states that the global nuts market, which had a valuation of US$1,157.72 bn in 2015, is expected to rise to US$1,279.44 bn by 2021. In terms of volume, the global nuts market is expected to rise to 41.34 mn tons by 2021. The global seeds market, which held a revenue-wise opportunity of US$64.5 bn in 2015, is expected to rise to US$114.26 bn by 2021.

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Concerns Regarding Negative Health Effects of Excessive Consumption of Cashew Nuts to Drive Consumers to Healthier Nuts

In terms of nuts, the cashew nut segment presently dominates the global market. Though the segment is expected to retain its dominance over the forecasting horizon as well, continuing to be the largest contributor to market’s overall revenues, its overall share in the global market is expected to see a slight decline. The negative health effects that may arise from the excess consumption of cashew nuts is expected to shift consumer preference to other healthier nuts in the next few years. The segment of macadamia nuts is expected to stand as the one with the most promising returns over the period between 2015 and 2021.

In terms of seeds, the corn/maize segment dominates the global market and is expected to retain its dominance over the forecasting horizon as well. Concerns regarding the high sugar content of corn syrup, will however, lead to a slight decline in the overall share of the corn/maize segment in the global market. The segment is expected to lose its appeal to product segments such as soybean and sunflower seeds over the forecasting horizon. The segment of sunflower seeds is expected to witness expansion at a strong CAGR over the period between 2015 and 2021.

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Asia Pacific to Remain Key Region for Nuts Market; North America to Lead in Seeds Segment

Geography-wise, Asia Pacific presently dominates the global nuts market. The region had a revenue-valuation of US$1,082.26 bn in 2015, accounting for nearly 90% share in the global nuts market. The region is expected to remain the dominant region for the nuts market over the forecasting horizon as well. The vast rise in disposable incomes has increased the affordability of a variety of nuts in the region. Additionally, the consumption of nutritious food products across the dairy segment, energy bars, and confectionaries has also led to the increased demand for nuts in the region.

North America is presently the dominant regional market for seeds. The region had a revenue-wise valuation of US$22.76 bn in 2015 and is expected to rise to US$40.16 bn by 2021. The region is expected to remain the dominant segment over the next few years as well. The high consumption of corn/maize as well as the rising consumption of seeds owing to increased health awareness in the region are the key factors behind its dominant stance in the global seeds market.

The competitive landscape of the global nuts and seeds market is highly fragmented with a vast number of local players commanding prominent positions in regional pockets. Some of the key vendors in the market are Bayer Crop Science A.G., Blue Diamond Growers Inc., Diamond Foods Incorporated, Richardson International, Syngenta A.G., McCormick and Company Inc., and Cargill Incorporated.

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