News

The global Macadamia Nut market size is expected to be worth around US$ 6.95 billion by 2030, according to a new report by Vision Research Reports.

The global Macadamia Nut market size was valued at US$ 2.31 billion in 2020 and is anticipated to grow at a CAGR of 15.7% during forecast period 2021 to 2030.

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Growth Factors

The growing public knowledge of the health advantages of nuts and has been a key factor in the market expansion. Macadamia nuts are also used to make macadamia oil, which has become popular among both businesses and consumers. In recent years, there has been a considerable increase in global demand for healthy and nutritious snacks, particularly among the younger generation and the working-class population. People are also migrating away from non-vegetarian protein sources and moving toward plant-based protein sources.

With the growing importance of healthy eating, the market is growing at a faster rate, and consumers are increasingly adopting nuts as a option and incorporating them into their daily meals. Furthermore, organic macadamia is becoming more popular with the increased demand primarily coming from European countries.Macadamia nuts are an Australian native nut. These nuts are the fruits of the macadamia tree, which can be found in eastern Australia.  

Report Highlights

In terms of value, raw macadamia nut dominated the market with a share of 56.3% in 2020. The health benefits of macadamia nuts are propelling their widespread adoption. Because of their high-fat content, macadamias have become increasingly popular. Macadamia nuts have the highest fat content of any nut, at 20.9 grams per pound, which is why they were once thought to be unhealthy.

The offline channel dominated the market and captured a share of 90.4% in 2020. The offline sector is booming, thanks to supermarkets’ home delivery and click-and-collect services, which are luring customers to this channel. In addition, the number of convenience stores in strategic places has increased to better serve busy consumers looking for a quick bite to eat.

The online sector is expected to expand at the fastest growth rate of 21.6% from 2021 to 2030. Walmart, Kroger, Amazon, Alibaba Group, Instacart, FreshDirect, ShopFoodEx, Tesco, Sainsbury’s, and Asda Stores Limited are just a few of the major e-commerce portals that sell macadamia nuts.

Asia Pacific dominated the market and held a share of 53.6%. The growing awareness of diets rich in nutrients and protein, along with the increasing inclusion of tree nuts in diets across the Asia Pacific region, is expected to drive the Asia Pacific market. The consumption of macadamia nuts has been increasing in China, Japan, Vietnam, Australia, South Korea, Malaysia, Thailand, and Singapore.

Key Players

• Hawaiian Host Group
• Health and Plant Protein Group Limited
• Superior Nut Company, Inc.
• Hamakua Macadamia Nut Company
• North Shore Macadamia Nut Company
• T.M. Ward Coffee Company
• Makua Coffee
• Macadamia.US
• Mac’s Nut Co. of Hawaii

Report Coverage	Details
Market Size	US$ 6.95 billion by 2030
Growth Rate	CAGR of 15.7% From 2021 to 2030
Base Year	2020
Historic Data	2017 to 2020
Forecast Period	2021 to 2030
Segments Covered	Processing, Product, Distribution Channel
Regional Scope	North America, Latin America, Europe, Asia Pacific, MEA
Companies Mentioned	Hawaiian Host Group; Health and Plant Protein Group Limited; Superior Nut Company, Inc.; Hamakua Macadamia Nut Company; North Shore Macadamia Nut Company; T.M. Ward Coffee Company; Makua Coffee; Macadamia.US; Mac’s Nut Co. of Hawaii

Market Segmentation

• Processing
  • Conventional
  • Organic
• Product
  • Raw
  • Roasted
  • Coated
• Distribution Channel
  • Online
  • Offline
• Regional
  • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
  • Rest of the World
    • Brazil

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

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