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With a CAGR of 11.3% between 2023 and 2030, the global macadamia market is expected to expand from its 2022 valuation of $1.10 billion to $2.29 billion.
One factor contributing to the growth of the macadamia market is the public's increasing awareness of the health benefits of nuts and dried fruits. Macadamia oil, extracted from macadamia nuts, is a trendy product in the food and cosmetics industries. In the last several years, there has been a worldwide uptick in interest in wholesome munchies, especially among the young and the working class. People are also shifting their diets away from meat and dairy products and toward vegetarian options.
A surge in the demand for plant-based snacks is anticipated to have a major impact on the worldwide macadamia market. The proliferation of tasty, convenient macadamia-based snacks in recent years has attracted health-conscious shoppers and boosted the macadamia market. Plant-based proteins are becoming increasingly popular. The Canadian government predicts that the market for alternative proteins, including plant-based proteins, would expand at 14% yearly by 2024, accounting for as much as a third of the protein market. This is despite the fact that overall protein demand will quadruple to 943.5 million metric tons in 2054. New functional foods and value-added products that replace animal proteins are being developed by the thriving plant-protein sector. Since macadamia nuts are the best option to meet one's daily protein and fat demands without consuming any animal protein, the demand for macadamias will increase as the trend toward plant-based proteins grows. As a result, clients can keep their vegan diets without developing lactose intolerance.
The public's increased awareness of the health benefits of nuts has been a driving force in the industry's growth. Macadamia nuts are also processed into macadamia oil, which is gaining popularity among consumers and businesses alike. Production of tree nuts around the world has risen rapidly over the past decade, reaching over 5.3 million metric tons in the 2020/21 season, an increase of 15% from the previous year and a rise of 65% from ten years before. The health benefits of macadamia nuts are numerous and varied, including their high nutrient content, potential improvement of cardiovascular health, and plenty of antioxidants. The rising demand for macadamia nuts is being fueled by the numerous advantages they provide.
The macadamia nut market is poised for rapid growth thanks to the rising popularity of vegetarian and vegan snack options. Several areas of Africa, as well as Australia, the United States, and China, cultivate macadamia trees for its nuts. A lot of macadamias are eaten in countries with high per capita income, such as the United States, China, Canada, Japan, Australia, and France. According to the International Nut & Dried Fruit Council, macadamia production has been on the rise over the past decade, and is expected to reach 62,800 metric tons in 2020, up 4 percent from 2019's output levels.
The current growth of the macadamia nut market can be attributed to the increasing popularity of macadamia-based snacks among health-conscious consumers. New functional foods and value-added products made from plant proteins are being developed to compete with those made from animals. The growing interest in plant-based proteins will boost the market for macadamia nuts, which provide an excellent source of protein and fat for vegetarians and vegans. Customers won't develop lactose intolerance if they stick to vegan diets. The increasing preference for plant-based snacks will drive the market's CAGR higher.
Macadamia ternifolia seed oil, also known as macadamia integrifolia seed oil, is the edible oil extracted from macadamia nuts. The oil has a beneficial effect on the skin. The National Library of Medicine reports that U.S. macadamia oil is rich in oleic acids, which are beneficial for a variety of skin issues including moisturization, cell regeneration, and reducing inflammation. Linoleic acid content helps restore skin barrier function and lowers transepidermal water loss (TEWL). Macadamia oil, which the Australian Macadamias Organization says has a "smooth buttery flavor," can be used as a foundation for salad dressings and even as a substitute for butter in the oven. The expansion of the macadamia oil market can be attributed to its increasing popularity in both the cosmetics and culinary industries.
Report Coverage
Global Macadamia Nut research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Macadamia Nut report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Macadamia Nut competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Macadamia Nut market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Macadamia Nut market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Macadamia Nut market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
golden macadamias, Wondaree Macadamias Nuts, T.M. Ward Coffee Company, Nambucca Macnuts., North Shore Macadamia Nut, Superior Nut Company, the marquis group, Buderim Ginger, MWT Foods, Dr. Paul's Kona Coffee Company, Makua Coffee Company, Hamakua Macadamia Nuts Company, Hawaiian Host Group, Eastern Produce Kenya Ltd., Royal Macadamia Pty Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Macadamia Nut market based on the below-mentioned segments:
Global Macadamia Nut Market, By Form
Processed
Raw
Oil
Global Macadamia Nut market, By Nature
Organic
Conventional
Global Macadamia Nut Market, By End User
Food and Beverage
Personal Care and Cosmetic
Residential
Pharmaceuticals
Global Macadamia Nut market, Regional Analysis
One factor contributing to the growth of the macadamia market is the public's increasing awareness of the health benefits of nuts and dried fruits. Macadamia oil, extracted from macadamia nuts, is a trendy product in the food and cosmetics industries. In the last several years, there has been a worldwide uptick in interest in wholesome munchies, especially among the young and the working class. People are also shifting their diets away from meat and dairy products and toward vegetarian options.
A surge in the demand for plant-based snacks is anticipated to have a major impact on the worldwide macadamia market. The proliferation of tasty, convenient macadamia-based snacks in recent years has attracted health-conscious shoppers and boosted the macadamia market. Plant-based proteins are becoming increasingly popular. The Canadian government predicts that the market for alternative proteins, including plant-based proteins, would expand at 14% yearly by 2024, accounting for as much as a third of the protein market. This is despite the fact that overall protein demand will quadruple to 943.5 million metric tons in 2054. New functional foods and value-added products that replace animal proteins are being developed by the thriving plant-protein sector. Since macadamia nuts are the best option to meet one's daily protein and fat demands without consuming any animal protein, the demand for macadamias will increase as the trend toward plant-based proteins grows. As a result, clients can keep their vegan diets without developing lactose intolerance.
The public's increased awareness of the health benefits of nuts has been a driving force in the industry's growth. Macadamia nuts are also processed into macadamia oil, which is gaining popularity among consumers and businesses alike. Production of tree nuts around the world has risen rapidly over the past decade, reaching over 5.3 million metric tons in the 2020/21 season, an increase of 15% from the previous year and a rise of 65% from ten years before. The health benefits of macadamia nuts are numerous and varied, including their high nutrient content, potential improvement of cardiovascular health, and plenty of antioxidants. The rising demand for macadamia nuts is being fueled by the numerous advantages they provide.
The macadamia nut market is poised for rapid growth thanks to the rising popularity of vegetarian and vegan snack options. Several areas of Africa, as well as Australia, the United States, and China, cultivate macadamia trees for its nuts. A lot of macadamias are eaten in countries with high per capita income, such as the United States, China, Canada, Japan, Australia, and France. According to the International Nut & Dried Fruit Council, macadamia production has been on the rise over the past decade, and is expected to reach 62,800 metric tons in 2020, up 4 percent from 2019's output levels.
The current growth of the macadamia nut market can be attributed to the increasing popularity of macadamia-based snacks among health-conscious consumers. New functional foods and value-added products made from plant proteins are being developed to compete with those made from animals. The growing interest in plant-based proteins will boost the market for macadamia nuts, which provide an excellent source of protein and fat for vegetarians and vegans. Customers won't develop lactose intolerance if they stick to vegan diets. The increasing preference for plant-based snacks will drive the market's CAGR higher.
Macadamia ternifolia seed oil, also known as macadamia integrifolia seed oil, is the edible oil extracted from macadamia nuts. The oil has a beneficial effect on the skin. The National Library of Medicine reports that U.S. macadamia oil is rich in oleic acids, which are beneficial for a variety of skin issues including moisturization, cell regeneration, and reducing inflammation. Linoleic acid content helps restore skin barrier function and lowers transepidermal water loss (TEWL). Macadamia oil, which the Australian Macadamias Organization says has a "smooth buttery flavor," can be used as a foundation for salad dressings and even as a substitute for butter in the oven. The expansion of the macadamia oil market can be attributed to its increasing popularity in both the cosmetics and culinary industries.
Report Coverage
Global Macadamia Nut research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Macadamia Nut report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Macadamia Nut competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Macadamia Nut market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | golden macadamias, Wondaree Macadamias Nuts, T.M. Ward Coffee Company, Nambucca Macnuts., North Shore Macadamia Nut, Superior Nut Company, the marquis group, Buderim Ginger, MWT Foods, Dr. Paul's Kona Coffee Company, Makua Coffee Company, Hamakua Macadamia Nuts Company, Hawaiian Host Group, Eastern Produce Kenya Ltd., Royal Macadamia Pty Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Macadamia Nut Market from 2021 to 2030.
- Market Forecast for Macadamia Nut Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Macadamia Nut competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Macadamia Nut
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Macadamia Nut market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Macadamia Nut market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
golden macadamias, Wondaree Macadamias Nuts, T.M. Ward Coffee Company, Nambucca Macnuts., North Shore Macadamia Nut, Superior Nut Company, the marquis group, Buderim Ginger, MWT Foods, Dr. Paul's Kona Coffee Company, Makua Coffee Company, Hamakua Macadamia Nuts Company, Hawaiian Host Group, Eastern Produce Kenya Ltd., Royal Macadamia Pty Ltd.
Primary Target Market
- Market Players of Macadamia Nut
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Macadamia Nut market based on the below-mentioned segments:
Global Macadamia Nut Market, By Form
Processed
Raw
Oil
Global Macadamia Nut market, By Nature
Organic
Conventional
Global Macadamia Nut Market, By End User
Food and Beverage
Personal Care and Cosmetic
Residential
Pharmaceuticals
Global Macadamia Nut market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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