Published By : 26 Apr 2016 | Published By : QYRESEARCH
Nuts and seeds contain fiber, proteins, essential minerals, and folate, which make them very rich in nutritional value. Nuts are thus increasingly consumed in its raw form or as an ingredient in snack foods. Seeds are used to extract cooking oil, which forms a basic ingredient for almost all foods. They are used in the form of spices and condiments. Besides being used in cooking, nuts and seeds are also used in the cosmetic industry. Thus, the nuts and seeds market is driven by its extensive use.
According to a report published by a market intelligent company, Transparency Market Research the global nuts market is expected to rise from US$1,137.06 bn in 2014 to reach US$1,279.44 bn by 2021, expanding at a 1.70% CAGR. The global seeds market was valued at US$56.23 bn in 2014 and is projected to reach US$114.26 bn by 2021, expanding at a CAGR of 10.0% between 2014 and 2021.
Health Benefits of Nuts and Seeds Drives Global Nuts and Seeds Market
Nuts and seeds have several positive effects in the body. They help reduce incidences of heart diseases, prevent diabetes, and also reduce the blood cholesterol levels. It has been found that the consumption of seeds and nuts in moderate quantities have a positive effect on the blood pressure,
metabolic syndrome, and visceral adiposity. Thus, the market for nuts and seeds is expected to be driven by these health benefits. Moreover, the rising demand for genetically modified crops will also propel the market for nuts and seeds in the coming years.
Cashew Nuts Segment to Dominate the Global Nuts Market
The global nuts market is segmented on the basis of type into almonds, cashew nuts, walnuts, peanuts, and macadamia nuts, of which the cashew nuts segment dominated the global market in 2014 and is expected to continue to hold the largest market till 2021.
The global seeds market is segmented on the basis of type into soybean, sesame seeds, sunflower seeds, chia seeds, corn/maize, and others. Out of these, the corn/maize segment was the largest in 2014. Soybean market was second in terms of dominance in the global seeds market.