The nut is a type of fruit that entails of a hard or tough nutshell safeguarding a kernel that is usually edible. The product derived from several nuts is well-known as nut products that entail nut butter, nut paste, nut flour, and several others.
According
to the report analysis, ‘Nut Products Market: Current Analysis and Forecast
(2021-2027)’ states that a growing prevalence of
cardiovascular disease coupled with the surging issues related to the immune
system is leading to the increasing the demand for various nuts and their
products as individuals are becoming more health-conscious and are aiming more
on the healthy snacking.
The
effective growth in inclination of consumers towards plant-based and
gluten-free products coupled with growing health awareness is encouraging the
market. The product launches by foremost players belonging to foremost
application sectors such as bakery and confectionery is also propelling the
growth of the market.
The
effective growth in consumer health awareness and the augmenting disposable
income across regions are aspects that have encouraged individuals to opt for
high-quality nut products. The transforming consumer preferences for
convenience products with health and wellness claims have led to high requirement
for nut products. The growing health concerns and awareness have led to an
embryonic consumption pattern. Nut-based derivatives, such as pastes and
butter, are progressively utilized in a plethora of baked confections,
especially across the European and North American markets.
The
vigorous growth and promising potential in plant-based dairy alternatives and
meat analogs have opened up momentous opportunities for nut product producers. Nut-based
butter, paste, fillings, and flour are progressively utilized across
applications, among which bakery and confectionery are the dominant ones. Nut
flour and paste are also incorporated for the enhancement of plant-based savory
products. Almonds, hazelnuts, and walnuts are some of the foremost sources of
raw materials, which are processed into the semi-finished derivatives.
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The
market is propelled by growing consumer requirement for nutrient-rich nut
products and the robust increment in the launch of food & beverage products
utilizing the natural nut ingredients, such as almonds, walnuts, cashews, and
hazelnuts etc. The addition of premium nuts in bakery products, confectionery,
beverages, and several other processed foods have delivered consumers with several
choices for snacks that are healthy and tasty at the same time. This trend is predicted
to develop strongly throughout the forecast duration.
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