The global market for nuts and
seeds 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. 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.
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