Europe Edible Nuts Market Size, Share, and COVID-19 Impact Analysis, By Type (Almonds, Cashews, Walnuts, and Hazelnuts), By Application (Snacks, Bakery, Dairy, and Beverages), and Europe Edible Nuts Market Insights, Industry Trend, Forecasts to 2033

Europe Edible Nuts Market Insights Forecasts to 2033

• The Europe Edible Nuts Market Size is Growing at a CAGR of 6.47% from 2023 to 2033
• The Europe Edible Nuts Market Size is Expected to Hold a Significant Share by 2033

The Europe Edible Nuts Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 6.47% from 2023 to 2033.

Market Overview

The production, distribution, and consumption of various edible nuts, including cashews, pistachios, walnuts, hazelnuts, and almonds, are all included in the Europe edible nuts market. These nuts are widely used in dairy products, confections, snacks, and baked goods. They can be consumed raw, roasted, or processed. Health-conscious consumers love edible nuts because of their high nutritional content, which includes healthy fats, protein, fiber, vitamins, and antioxidants. The market for edible nuts in Europe is expanding due to several factors. Growing consumer knowledge of the health advantages of nuts, such as their ability to reduce the risk of heart disease, control blood sugar, and help with weight management, is one of the main factors. Another factor propelling the market's expansion is the growing popularity of vegan and plant-based diets, which include nuts as a source of healthy fat and protein. Demand for a wide variety of edible nuts has been fueled by the growing trend of including nuts in daily meals, whether in the form of breakfast cereals, smoothies, or snacks. The European Union's policies support sustainable agriculture and wholesome eating by enacting programs and providing research funding to nut producers. Nutrition labels also encourage healthier food choices, leading to a strong market for edible nuts in Europe, fueled by rising health consciousness.

Report Coverage

This research report categorizes the market for the Europe edible nuts market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe edible nuts market. Recent market developments and 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 market players and analyses their core competencies in each sub-segment of the Europe edible nuts market.

Driving Factors

Growing consumer awareness of health and well-being is the primary factor propelling the edible nuts market in Europe. Nuts are recognized to offer several health advantages, such as reducing the risk of heart disease, improving cholesterol, and providing essential nutrients like fiber, protein, and good fats. Nuts have become increasingly popular as snacks and substitute meals as people adopt healthier lifestyles, increasing the consumption of a wide variety of edible nuts. Nuts are a rich plant-based source of protein and essential fatty acids, which contributes to the growing popularity of plant-based diets and veganism. New product developments like roasted, flavored, or organic nuts also significantly expand the market.

Restraining Factors

The market growth of edible nuts in Europe is hindered by high costs, potential allergic reactions, and adverse climatic conditions, such as droughts and unstable weather, which can lead to supply chain disruptions and price fluctuations.

Market Segmentation

The Europe edible nuts market share is classified into mode and commission.

• The almonds segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Europe edible nuts market is segmented by mode into online and offline. Among these, the almonds segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Almonds are Europe's most popular nut due to their versatility, nutritional value, and widespread use in various food items. They are consumed raw and processed, and the rise in plant-based foods like almond milk and snacks has further boosted the almond market.

• The snacks segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the commission, the Europe edible nuts market is divided into policy, premium basis, and fixed. Among these, the snacks segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Nuts, particularly almonds, cashews, and mix nuts, are popular as individual or added snacks due to their high content of healthy fats, protein, fiber, and vitamins. The demand for healthy, on-the-go snacks has further increased the popularity of edible nuts.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe edible nuts market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Olam Group
• Blue Diamond Growers
• Bunge Limited
• The Wonderful Company
• Sundial Foods
• Kerry Group
• Mariani Nut Company
• Tomer Natural Foods
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe edible nuts market based on the below-mentioned segments:

Europe Edible Nuts Market, By Type

• Almonds
• Cashews
• Walnuts
• Hazelnuts

Europe Edible Nuts Market, By Application

• Snacks
• Bakery
• Dairy
• Beverages