According to IMARC Group's latest research report, titled "Tree Nuts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," presents a comprehensive analysis of the industry, covering tree nuts market size, opportunity, share, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
The global tree nuts market size reached US$ 46.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 77.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.81% during 2023-2028.
Tree nuts are a diverse group of edible seeds that grow within the hard outer shell of various types of trees. They are a rich source of nutrients, including healthy fats, vitamins, minerals, oils, proteins, carbohydrates, fibers, phytosterol, tocopherol, and phenolic compounds. They are also known for their antioxidant and anti-inflammatory properties, due to which they offer various health benefits, including improving heart, bone, and brain health and reducing the risk of diabetes, hypertension, cancer, inflammation, and coronary heart disease. These nuts are often consumed raw or roasted as a snack and are also commonly used in cooking and baking to add flavor, texture, and nutrition to dishes. Some commonly consumed nuts include cashews, almonds, Brazil nuts, chestnuts, filberts, hickory nuts, hazelnuts, pecans, walnuts, pistachios, and macadamia nuts.
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The increasing demand for healthy and natural food products is driving the global market. Along with this, the growing trend toward plant-based diets is creating a positive market outlook. Moreover, several leading players are heavily investing in the development of highly efficient and sustainable processing techniques, such as infrared (IR) heating, high-power ultrasound treatment, and irradiation technology, which improves drying and disinfection processes, saves energy, reduces time, and preserves the quality of product, thereby contributing to the demand. Besides, the increasing product adoption in the cosmetic and personal care industry to produce skin and hair care products, lotions, soaps, body scrubs, and sunscreens due to their high antioxidant contents that reduce wrinkles, cure dark circles, and treat damaged skin is propelling the market.
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