USD 2.36 Bn growth expected in Nut Meals Market — Driven by increasing demand from millennials – QNT Press Release

[ad_1]

NEW YORK, Sept. 9, 2022 /PRNewswire/ — The “Nut Meals Market Research by Product and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 2.36 billion between 2021 and 2026, expanding at a CAGR of 5.48% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here

The global nut meals market is fragmented owing to the presence of several vendors operating in the market. Vendors mainly compete in the market by introducing new products and launching marketing campaigns. Vendors in the market compete on factors such as price, quality, innovation, service , packaging, brand image, distribution, and promotion. Besides, any technological advances by one player in the market can render products from other vendors obsolete or uneconomical. Vendors also focus on diversifying business operations and positioning their products, making the competition intense during the forecast period.

The report identifies Blue Diamond Growers, Bobs Red Mill Natural Foods Inc., COFCO International, Detroit Gourmet Nut Co., HBS Natural Choice, Honeyville Inc., Kanegrade Ltd., King Arthur Baking Co. Inc., Ludlow Nut Co. Ltd., McCormick and Co. Inc., NOW Health Group Inc., Oh Nuts, Royal Nut Co., Sun Organic Farm, Superior Nut Co. Inc., The Hershey Co., The Wonderful Co. LLC, and Tierra Farm as some of the major market participants.

Although the increasing demand from millennials will offer immense growth opportunities, stringent government regulations in most developed countries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

The global nut meals market is segmented as below:

• Product
• Inorganic Nut Meals
• Organic Nut Meals

The market growth in the inorganic nut meals segment will be significant over the forecast period. Inorganic nut meals are affordable and are available in the form of different packages. This is the key factor driving the growth of the segment.

• Geography
• North America
• Europe
• APAC
• The Middle East and Africa
• South America

North America will emerge as the key market, occupying 47% of the global market share. The increasing demand for convenient sources of nutrition that can be consumed on the go, such as nut meals is driving the growth of the regional market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our nut meals market report covers the following areas:

• Nut Meals Market Size
• Nut Meals Market Trends
• Nut Meals Market Industry Analysis

We provide a detailed analysis of around 25 vendors operating in the nut meals market. Backed with competitive intelligence and benchmarking, our research report on the nut meals market is designed to provide entry support, customer profile, and M&As as well as go-to- market strategy support.

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist nut meals market growth during the next five years
• Estimation of the nut meals market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the nut meals market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of nut meals market vendors

• Almond Ingredients Market by Type and Geography – Forecast and Analysis 2022-2026
• Macadamia Milk Market by Type and Geography – Forecast and Analysis 2022-2026

Full story available on Benzinga.com

[ad_2]

Source link