Tree Nuts Market Size, Share, Growth and Industry Forecast | 2034

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Tree Nuts Market Outlook

According to the report by Expert Market Research (EMR), the global tree nuts market size attained a value in 2024. Aided by the increasing consumer awareness of the health benefits associated with tree nuts and their growing use across various food categories, the market is projected to grow at a robust compound annual growth rate (CAGR) of 3.1% between 2025 and 2034.

Tree nuts, which include almonds, walnuts, cashews, pistachios, hazelnuts, and others, are recognized for their rich nutritional profile. These nuts are a natural source of essential nutrients like healthy fats, proteins, vitamins, and minerals, making them an attractive addition to modern diets. The rising consumer preference for healthy and nutrient-dense foods, combined with tree nuts’ increasing incorporation in both traditional and innovative food products, is a key driver of market growth. Tree nuts are also used in a variety of non-food applications, further diversifying their demand in the global marketplace.

Market Drivers

One of the principal drivers behind the growth of the global tree nuts market is the increasing awareness of the health benefits of these nuts. As consumers become more health-conscious and seek to adopt healthier eating habits, tree nuts have gained popularity due to their heart-healthy properties, high protein content, and potential to aid in weight management. Rich in monounsaturated and polyunsaturated fats, these nuts are considered beneficial for reducing the risk of cardiovascular diseases, making them a staple in various healthy eating plans, such as the Mediterranean and plant-based diets.

The growth in consumer demand for plant-based and natural foods has further fueled the popularity of tree nuts. These nuts are seen as a perfect fit for vegetarian, vegan, and flexitarian diets due to their versatility and nutrient density. For instance, almonds and cashews are widely used in the production of dairy-free milk, yogurt, and cheese, contributing to the shift toward plant-based food products. Moreover, the increasing trend of snacking, particularly in developed markets, has encouraged the use of tree nuts in ready-to-eat snack foods, granola bars, and trail mixes.

The growing awareness of the role of tree nuts in weight management has also contributed to their rising popularity. Studies suggest that despite their high caloric content, tree nuts can help control body weight due to their ability to increase satiety and reduce overall calorie intake. As a result, consumers are increasingly incorporating these nuts into their daily diets, driving market demand.

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Expanding Applications in Food and Beverages

Tree nuts have seen increasing use in a broad range of food products, including snacks, bakery items, confectioneries, dairy alternatives, and more. This diversification of applications is another significant factor contributing to the market’s growth. In particular, tree nuts are essential ingredients in confectionery products, such as chocolates, nut butters, and nut-based spreads. Their creamy texture, rich flavor, and versatility make them a preferred choice for many food manufacturers.

In addition to their use in sweet products, tree nuts are also gaining prominence in savory applications. For example, cashews and almonds are frequently used in salads, sauces, and plant-based meat products as a source of texture and nutrition. Walnuts and pistachios are also used as garnishes and ingredients in a variety of cuisines worldwide, further driving demand for these nuts.

The growing preference for clean-label products, which contain minimal additives and preservatives, has also contributed to the increased use of tree nuts. As consumers seek healthier and more natural options, tree nuts have become a preferred ingredient in formulations that cater to these preferences. The food industry has responded by incorporating tree nuts into an expanding array of health-conscious, functional food products that appeal to a wide range of dietary needs.

Technological Innovations and Product Development

Innovations in processing technology have also played a pivotal role in the growth of the global tree nuts market. Advances in nut roasting, flavor enhancement, and packaging technology have made tree nuts more accessible to consumers in different regions and improved their shelf life. For example, the development of vacuum-sealing and modified atmosphere packaging (MAP) techniques has allowed tree nuts to retain their freshness, flavor, and nutritional properties for longer periods, which is crucial for their distribution across international markets.

In addition to processing, the tree nuts industry is witnessing innovations in product formulations. Companies are increasingly introducing value-added products such as nut milks, nut-based protein powders, and nut snacks with functional benefits. These innovations cater to the rising consumer demand for convenient, nutritious, and on-the-go food options, making tree nuts even more attractive to health-conscious individuals.

The emergence of plant-based alternatives to dairy and meat has also spurred the development of tree nut-based products. Almond and cashew milk are now common alternatives to dairy milk, while other tree nuts such as walnuts and hazelnuts are being explored for their potential in plant-based product formulations. As consumer demand for dairy-free, plant-based foods continues to rise, the use of tree nuts in these products is expected to see exponential growth.

Sustainability and Traceability Trends

Sustainability has become a significant factor in the tree nuts market, as consumers and manufacturers alike seek to minimize their environmental impact. The production of tree nuts is associated with several sustainability concerns, including water usage, land management, and carbon emissions. For example, almond farming, particularly in regions such as California, has been subject to criticism due to the high levels of water required for cultivation. In response, many tree nut producers are focusing on sustainable farming practices that reduce water usage, lower environmental footprints, and improve resource efficiency.

Moreover, traceability is gaining importance in the tree nuts industry, as consumers demand greater transparency regarding the sourcing and production practices of their food products. Brands that can demonstrate responsible sourcing, fair labor practices, and sustainability certifications are expected to gain a competitive edge in the market. Consumers are increasingly willing to pay a premium for products that align with their values, particularly when it comes to sustainability and ethical practices.

Tree Nuts Market Segmentation

The market can be divided based on product and region.

Market Breakup by Product

  • Almonds
  • Pistachios
  • Walnuts
  • Cashews
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tree nuts market. Some of the major players explored in the report by Expert Market Research are as follows:

  • Archer Daniels Midland Company (NYSE: ADM)
  • Blue Diamond Growers
  • Mariani Nut Co.
  • Olam International Ltd. (SGX: O32)
  • Select Harvests Limited
  • Others

Challenges and Restraints

Despite the positive outlook for the tree nuts market, several challenges could hinder its growth. One of the primary challenges is the vulnerability of tree nut crops to climate change. Tree nuts, particularly almonds and walnuts, are sensitive to changes in temperature and water availability. Extreme weather events, such as droughts, floods, and frosts, can significantly affect crop yields, leading to price volatility and supply chain disruptions.

Additionally, the high cost of tree nuts, particularly in premium segments such as organic and sustainably sourced nuts, may limit their accessibility to price-sensitive consumers. The high price of tree nuts may also limit their adoption in emerging markets, where affordability is a key factor in food purchasing decisions.

Future Outlook

The global tree nuts market is poised for continued growth, with increasing demand for healthy snacks, plant-based protein alternatives, and innovative food products. The growing popularity of tree nuts as a key ingredient in plant-based and organic food products, coupled with innovations in nut-based dairy and snack products, will contribute to the market’s expansion. Additionally, the rising awareness of the health benefits of tree nuts and their applications in beauty and personal care products will create new opportunities for growth.

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