The
global market for nuts and seeds features a highly fragmented
competitive landscape, with the nuts market, especially, dominated by
a large number of local players in regional markets, states
Transparency Market Research (TMR) in a recent report. Product
innovation and effective marketing strategies are key to sustainable
growth in the nuts market. Companies in the seeds market, on the
other hand, bank on the advancements in processing technology and
advancements in the field of biotechnology.
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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.
Attempts
to attract consumers through innovative products have helped vendors
in the market achieve excellent results and traction. Point in case
is the introduction of honey flavored products by Blue Diamond
Growers Inc., one of the leading vendors in the global nuts market,
across its nuts-featured product lines. The replacement of sugar with
honey in this particular case has allowed the company to cater to the
health conscious consumers. 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.
Shift
in Consumption Patterns and Developments in the Field of Genetically
Modified Crops to Drive Market
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.
Adverse
Effects Related to Excess Consumption and High Costs to Hinder Growth
The
high fat content of nuts and seeds can have a negative impact on the
health if consumed in excess. Though most of the fat in nuts and
seeds is unsaturated, which helps in reducing blood cholesterol
levels, high intake can result in high calories and could trigger
health concerns such as obesity, high blood pressure, and respiratory
problems. Such concerns hinder the growth prospects of the global
nuts and seeds market to a certain extent.
The
high costs incurred during the complex and long-winding stages of
processing nuts and seeds increase the cost of the end-product,
making them unaffordable to the cost-conscious demographic. This
especially comes ahead as a major retaining factor for the market in
developing and under-developed countries and has a significant impact
on the overall development of the global nuts and seeds market.
Asia
Pacific to Retain Dominance in Nuts Market
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.
This
review is based on a recent market research report published by
Transparency Market Research, titled “Nuts and Seeds Market: Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 -
2021.”
For
this study, the market is segmented as follows:
Global
Nuts and Seeds Market by Product Type
Nuts
- Peanut
- Cashew Nut
- Almond
- Walnut
- Macadamia nut
- Others
Seeds
- Sunflower seeds
- Chia seeds
- Sesame seeds
- Corn/Maize
- Soybean
- Others
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