Macadamia nut market showing major signs of global growth

Published 2024년 11월 18일

Tridge summary

The global Macadamia nut market is valued at $1.45 billion and is projected to grow to $6.95 billion by 2030, with a CAGR of 15.6% due to the rising demand for premium food products, particularly in the snacks and chocolate confectionery sectors. The market's growth is also driven by the shift towards environmentally and socially responsible food choices, leading macadamia growers to adopt sustainable farming practices and obtain certifications such as Rainforest Alliance and Fair Trade. Factors such as the nut's rich flavor, creamy texture, and health benefits are also contributing to its increasing popularity. The market is dominated by various stakeholders including growers, processors, distributors, and retailers, and the demand for gourmet macadamia products is on the rise, especially in Asia, where disposable income and awareness of health benefits are on the rise.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Latest research on the global Macadamia nut market has been valued at $1.45 billion and anticipated to reach $6.95 billion by the end of 2030, amid broader growth in products featuring premium range inclusions, writes, Neill Barston. According to the insights from Verified Market Reports, the segment is anticipated to enjoy above inflation CAGR rates of 15.6% during the next six years, as snacks and chocolate confectionery sectors continue to show upward trends. As Confectionery Production found at this year’s Sweets & Snacks Expo, there were a growing number of businesses focused on providing premium nut inclusions for macadamias and almonds, as well as the overall market in nuts as a snack in their own right. Significantly, as the report noted, consumers are placing a growing amount of weight on environmental and social responsibility when selecting food products. To meet this demand, macadamia growers are concentrating on sustainable methods like soil health, water ...

Source: Confectioneryproduction