Pine Nuts Market

Pine Nuts Market is expected to witness a CAGR of approximately 7.1% during the forecast period, 2023-2030.

Pine Nuts market Overview

Pine nuts are the type of edible seeds which are obtained from pine trees. Pine nuts have various medicinal and nutritional values, such as it helps in blood circulation, reduces the level of cholesterol, and other health benefits. These nuts are one of the most expensive nuts in the market as they require a lot of time to grow the nuts and requires plenty of efforts in harvesting the seeds from their protective encasement.

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Major Pine Nuts market Drivers

The major factor driving the growth of the global pine nuts market is the growing inclination of consumers towards healthy, nutritional, and natural dried fruits. Pine nuts are rich in several nutrients, which includes magnesium, carbohydrates, protein, vitamins, antioxidants, among others as well as they enhance the taste of different foods.  Such factors are expected to grow the global pine nuts market. Apart from the usage of pine nuts in the food sector, oil extracted from the pine nuts is used in beauty and cosmetic products which is playing a major factor boosting the growth of the global pine nuts market. Moreover, pine nuts are used to improve and compliment the taste of many food products. The growing awareness among population and rising trend for the healthy lifestyle will further inclines consumers towards healthy and organic food products. In addition, the rising disposable income in the developing nations have raised the spending on nuts, dried fruits, and other food products that provide extra added health benefits. These factors play a crucial role in propelling the growth of the global pine nuts market.

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Based on the nature, the market is segmented into organic and conventional. The organic segment is expected to grow at a higher CAGR over the forecast period. This is mainly due to the rising trend and prevalence for organic food and beverages among the people. The increasing awareness among consumers regarding the healthy lifestyle is inclining manufacturers to focus on certification for organic food products. Companies have started providing pine nuts powder, pine nuts oil, and raw pine nuts under the EU and USDA certified standards for organic food. These factors are responsible for the growth of the organic segment in the global pine nuts market.

Based on the form, the market is segmented into raw & processed, powder, and oil. The oil segment is anticipated to grow at a faster CAGR over the forecast period. The demand for pine nuts oil is increasing for its use as a preservative in the food industry. This is attributed to the rising awareness about the health benefits and therapeutic properties of pine nuts. The key ingredient found in pine nuts is arginine amino acid, which is good for cardiovascular health and helps in prevention of cholesterol. These benefits are likely to boost the growth of the oil segment in the global pine nuts market.

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Regional – Segment Analysis

Based on the region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period due to the growing consumption in countries such as China and South Korea. For instance, in 2019, Afghanistan exported pine nuts worth $2.2 billion to China with a contract for next five years. Another factor is the growing health and awareness trend in this region, which further inclines consumers to opt for healthy lifestyle by spending more on healthy and organic foods products. These factors significantly surge the growth of the pine nuts market in Saudi Arabia.

Top Market Players

Various notable players operating in the market, include, Bardakci Group, Diamond Foods, Bedemco Inc, John B. Sanfilippo & Son Inc., Freeworld Trading Ltd., PineFlavour, Kenko Trading Co. Ltd., RM Curtis and Co.  Ltd., Red River Foods, Voicevale Ltd, among others.

Segments covered in the Report:

The global pine nuts market has been segmented on the basis of nature, form, end use, sales channel, and regions. Based on nature, the market is segmented into organic and conventional. Based on form, the market is segmented into raw & processed, powder, and oil. Based on end use, the market is segmented into food & beverage, cosmetics & personal care, retail/ household, and others. 

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Market Segmentation

Global Pine Nuts Market by Nature

• • Organic
  • Conventional

Global Pine Nuts Market by Form

• • Raw & Processed
  • Powder
  • Oil

Global Pine Nuts Market by End Use

• • Food & Beverage
  • Cosmetics & Personal Care
  • Retail/ Household
  • Others

Global Pine Nuts Market by Region

• • North America Pine Nuts Market (Option 1: As a part of the free 25% customization)

    • North America Pine Nuts Market by Nature
    • North America Pine Nuts Market by Form
    • North America Pine Nuts Market by End Use
    • US Pine Nuts Market All-Up
    • Canada Pine Nuts Market All-Up

  • Europe Pine Nuts Market (Option 2: As a part of the free 25% customization)

    • Europe Pine Nuts Market by Nature
    • Europe Pine Nuts Market by Form
    • Europe Pine Nuts Market by End Use
    • UK Pine Nuts Market All-Up
    • Germany Pine Nuts Market All-Up
    • France Pine Nuts Market All-Up
    • Spain Pine Nuts Market All-Up
    • Rest of Europe Pine Nuts Market All-Up

  • Asia-Pacific Pine Nuts Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Pine Nuts Market by Nature
    • Asia-Pacific Pine Nuts Market by Form
    • Asia-Pacific Pine Nuts Market by End Use
    • China Pine Nuts Market All-Up
    • India Pine Nuts Market All-Up
    • Japan Pine Nuts Market All-Up
    • Rest of APAC Pine Nuts Market All-Up

  • RoW Pine Nuts Market (Option 4: As a part of the free 25% customization)

    • RoW Pine Nuts Market by Nature
    • RoW Pine Nuts Market by Form
    • RoW Pine Nuts Market by End Use
    • Brazil Pine Nuts Market All-Up
    • South Africa Pine Nuts Market All-Up
    • Saudi Arabia Pine Nuts Market All-Up
    • UAE Pine Nuts Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Pine Nuts Market All-Up

Major Players Operating in the Pine Nuts (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Bardakci Group
  • Diamond Foods
  • Bedemco Inc
  • John B. Sanfilippo & Son Inc.
  • Freeworld Trading Ltd.
  • PineFlavour
  • Kenko Trading Co. Ltd.
  • RM Curtis and Co.
  • Red River Foods
  • Voicevale Ltd