Nuts and Seeds Market Driven by Growing Awareness about their Health Benefits

Transparency Market Research states that the global nuts market will expand from a valuation of US$1,157.72 bn in 2015 to US$1,279.44 bn by 2021. Volume-wise, the global nuts market will reach 41.34 mn tons by 2021.The global market for seeds is expected to rise from a revenue-wise valuation of US$64.5 bn in 2015 to US$114.26 bn by 2021. Volume-wise, the global seeds market stood at 5.05 kg bn in 2015.

Nuts are as dried fruits that may or may not have a protective shell. Seeds, on the other hand, are yet-to-be-born plants that are closed up with a coat. Both of these are used on a large scale for making oils, as food additives, and for everyday consumption due to their high nutritional value. Besides the usage of nuts and seeds in food and beverages, they are also used for making cosmetics. Some of the well-known benefits of consuming nuts and seeds are low levels of bad cholesterol, the prevention of diabetes, and minimizing the risk of cardiovascular diseases.

The demand for nuts and seeds has been climbing at a steady pace due to the growing awareness about their health benefits. Both these type of food items are rich sources of folate, fiber, protein, and other essential minerals. The rising demand for condiments, cooking oil, and various spices has triggered the growth of the global nuts and seeds market.

The types of nuts available in the overall market are cashew nuts, peanuts, almonds, macadamia nuts, walnuts, and others. The seeds sold in this market are chia seeds, sunflower seeds, corn/maize, soybean, sesame seeds, and others. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

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Geography-wise, Asia Pacific is the leading revenue contributor to the nuts market, accounting for a share of over 90% in the global market in 2015. In terms of product variety, the segment of corn/maize leads the seeds segment while cashew nuts are the dominant nut-type globally.

Studies have shown that the moderate consumption of edible nuts has a positive impact on the human health, reducing incidence of conditions such as coronary heart diseases, gallstones, cancers, inflammation, hypertension and diabetes. Moreover, the moderate consumption of nuts is also known to help reduce bad cholesterol, body weight, and have a positive influence on metabolic syndrome, and visceral adiposity. The rising awareness regarding these factors and the increasing affordability of edible nuts owing to rising disposable incomes have brought about a shift in consumption patterns of the global consumer, driving the increased uptake of a variety of nutritious nuts and seeds.

Developments in the field of genetically modified crops in response to the rising demand for sustainable agricultural produce for the mounting global population has also positively impacted the global nuts and seeds market in the past few years. In the near future, rising urbanization, exploitation of arable land for commercial purposes, and reduced fertility will necessitate the cultivation of genetically modified plants on a larger scale. This factor will have a significant impact on the growth prospects of the global nuts and seeds market.

Other key vendors in the global nuts and seeds market include Blue Diamond Growers Inc., McCormick and Company Inc., Diamond Foods Incorporated, Syngenta A.G., Bayer Crop Science A.G., Richardson International, and Cargill Incorporated.