Pistachios
are seeds of pistachio tree, and have their origin in the Middle East
and Central Asia. Pistachios are generally used as snacks and for
food preparations by consumers globally. The seeds can be roasted or
raw with seasoning for adding flavor. One of the commonly consumed
nuts, pistachios are healthy, good in taste, and offer various health
benefits, owing to their high antioxidant and low fat content, which
in turn improves the immunity.
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Pistachio
Hulls to have Potential Applications in Nutraceuticals
According
to researchers from North Carolina State University’s Plants for
Human Health Institute, pistachio hulls represent a rich resource for
value-added products, and have potential applications in drug
industries and food supplements. The researchers have stated
pistachio hulls to comprise a phytochemical composition with a blend
of anacardic acid homologues, which are well-known for their
anti-inflammatory, antioxidant activities, and pharmacological
activities. This further creates potential opportunities for
application of pistachio hulls in nutraceuticals. Presence of
flavonoids and phenolics in pistachio hulls are higher as compared to
several vegetables and fruits considered rich in polyphenols.
Prevalence
of diseases on the back of unhealthy consumption patterns and
ignorance of food safety has surged significantly across the globe.
Consumers are now concentrating more on healthy eating habits for
preventing health issues including food poisoning, high cholesterol,
and obesity. Increasing awareness about presence of toxins in various
food products owing to use of pesticides and chemical fertilizers in
farming has resulted into a rise in demand for organic food products,
may they be vegetables, fruits, or nuts. As pistachios are used in
food processing industries, and are consumed as snacks, their organic
variety is getting higher in demand. In addition, growing application
of pistachios as flavoring agent will also propel their demand in the
food & beverage sector. However, contamination by aflatoxin
remains a major challenge impeding consumption of pistachios. Fungi
produce aflatoxin that affect many tree nuts, and the production
occurs at all stages of farming, or harvesting.
A
new research analysis by Transparency Market Research (TMR) states
that the global market for pistachios will witness a moderate
expansion during the forecast period (2017-2026). Worldwide sales of
pistachios are estimated to account for roughly US$ 5,000 Mn revenues
by 2026-end.
Europe
to Remain Leading Contributor to Global Pistachio Market’s
Expansion in Terms of Revenues
Europe
will continue to be the leading contributor to expansion of the
global
pistachio market, in terms of revenues. In Europe, pistachios
are extensively used in bakery products such as cookies, biscuits,
cakes, and pastries, for providing them with a distinguished flavor.
Sales of pistachios in Europe will surpass US$ 1,500 Mn in revenues
by 2026-end. North America and Asia-Pacific excluding Japan (APEJ)
are also anticipated to remain remunerative for expansion of the
pistachio market, mainly because of wide use of pistachios in food
preparations in these regions.
Wholesaler/distributor
display every variety and brand of pistachio, and deliver multiple
options to choose from, which has gained increased interest of
consumers. Based on distribution channels, wholesaler/distributor is
anticipated to retain its dominance in the global pistachio market,
followed by modern trade. Revenues from sales of pistachios in
convenience stores will remain sluggish over the forecast period.
Key
Takeaways from TMR’s Report on Pistachio Market
- Based on end-use, bakery & confectionery will account for a lion’s share of the market during 2017 to 2026
- Whole and split forms of pistachios will remain lucrative in terms of revenues
Competition
Tracking
Key
players profiled by TMR’s report, which are actively contributing
to expansion of the global pistachio market, include Whistler Foods,
Houston Pecan Company, Meridian Growers LLC, Sierra Nut House, Bates
Nut Farm, Rasha Pistachio Co., Wonderful Pistachios & Almond
Company LLC, Germack Pistachio Company, Setton Pistachio of Terra
Bella, Inc., and The Pistachio Co Food Trading LLC.
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