SAN FRANCISCO, October 24, 2017 /PRNewswire/ --
The Global Nut Ingredients Market is expectedto grow at an exponential CAGR in the years to come. The nut ingredients market is gaining huge recognition across the globe due to its health aspect attached. Nuts do not have any cholesterol in them and are said to be rich in fiber and vitamin E that
It has been observed that many constant innovations are being made that has resulted in introduction of varieties of nuts. Most of the nutritionists suggest frequent consumption of nuts, as they are nourishing and wholesome for health and are capable of averting any heart disease. The manufacturers are laying more emphasis on offering healthier products to the consumers that is in turn having a positive impact on the market growth.
The factors that are acting as major boosters to the market growth may entail rise in the industrialization, urbanization, augmented awareness among the end users, rising disposable income, mounting consumer expenditure, augmentation in the demands for ready-to-eat snacks and convenient foods, rising opportunities in the market, developing snacks and confectionery sector, increase in the number of kinds in nut ingredients snacks, and constant introduction of wide range of nuts ranging from hazelnut, pecan, walnut, peanut, to almond.
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The focus on preventive health care is also on rise and constant introduction of healthier products with huge range of nut ingredients are also contributing to the market growth.
It has been estimated that the Nut Ingredients Market will witness a huge upsurge in the next couple of years due to rising scope and applications across various sectors. Global Nut Ingredients Market is segmented on the basis of type as Peanuts, Walnuts, Pecan, Cashews, Almonds, Hazelnuts, Soy Nut, and others.
Nut Ingredients Market is segmented on the basis of application as Desserts, Beverages, Dairy products, Snacks & Bars, Bakery products, Confectioneries, Cereals, and others. Others may take in Sauces, Salads, and others. Nut Ingredients Market is segmented on the basis of geography as North America, Europe, China, Japan, Southeast Asia, and India.
Among all the geographical regions, North America is currently leading the market and it is taking up the largest share in the market, the reason being rise in the industrialization, augmentation in the awareness among the end users regarding the product, augmented demand from various sectors, developing food industry, mounting government expenses, and rise in the applications.
On the contrary, Europe and Asia Pacific are also emerging with a huge growth, the reason being presence of huge market players, rise in the demands for convenient snack foods, and robust growth of the snacking and confectionery industry. Countries including India and China are being recognized as the prominent contributors.
The players operating in the Nut Ingredients Market are recognized as Kanegrade, Barry Callebaut Schweiz, Mondelez International, Groupe Soparind Bongrain, Kerry Group, Mars Incorporated, The Hershey Company, Archer Daniels Midland Company, Olam International Limited, and Russell Stover Candies.
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