Global Nuts Market to Register a 1.70% CAGR from 2015 to 2021

The global nuts and seeds market has exhibited an impressive rise over the past decade. The significant increase in the consumption of various types of seeds and nuts has substantially boosted this market over last few years.

In 2014, the global nuts market stood at US$1,137.06 bn and the worldwide market for seeds reported a total market value of US$56.23 bn. Analysts project the nuts market to rise globally at a CAGR of 1.70% during the period from 2015 to 2021 and reach US$1,279.4 bn by the end of 2021. The global seeds market, on the other hand, is anticipated to register a CAGR of 10.0% during the same period, arriving at US$114.2 bn by the end 2021.

In terms of volume, the global nuts market produced a total of 37.38 mn tons and the worldwide seeds market produced 4.41 mn tons in 2014. Experts have predicted that the nuts market will record a CAGR of 1.40% between 2015 and 2021 and produce approximately 7.8 mn tons by 2021, whereas the seed market will expand at a CAGR of 7.70% over the same duration.

Cashew Nuts to Lead Nuts Market and Sunflower Seeds to Dominate Seeds Market

The global market for nuts is majorly driven by almonds, peanuts, cashew nuts, walnuts, macadamia. In 2014, the cashew nuts segment led this market and was closely followed by the walnut segment. Experts predict the cashew nuts segment to retain its position in the forthcoming years.

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Sunflower seeds, corn/maize, sesame seeds, chia seeds, and soybean are the major seeds available in the worldwide seeds market. The corn/maize segment dominated this market in 2014. The soybean segment acquired the second position, the same year. Both the segments are likely to maintain their respective positions in the near future.

Increased Disposable Income to Drive Asia Pacific Nuts and Seeds Market

The global market for nuts and seeds is spread across Europe, North America, Asia Pacific, and the Rest of the World. Asia Pacific dominated this market with a majority share in 2014. The rise in the disposable income of consumers in Asia Pacific has influenced the food habits of these people in a major way.

People, here, are increasingly including seeds and nuts in their daily diet owing to the growing awareness about the benefits offered by them. Additionally, the escalating demand for processed food and beverages, containing nuts and seeds is expected to boost the Asia Pacific nuts and seeds market.

North America Enjoys Second Position in Global Nuts and Seeds Market

North America occupied the second position in the overall market with a share of 30% in 2014. The trend is expected to be continued in the coming years. Other regional nuts and seeds markets are also projected to exhibit healthy growth in the near future.

Richardson International, Bayer Crop Science A.G., Syngenta, Diamond Foods Inc., Blue Diamond Growers Inc., Cargill Inc., DuPont, McCormick and Co. Inc., Archer Daniels Midland Co., and Monsanto Co. are some of the major players functioning in the global nut and seeds market.