IMARC Group, a leading market research company, has recently releases report titled “Macadamia Market Report by Nature (Organic, Conventional), Form (Raw, Roasted, Coated), Distribution Channel (Online, Offline), Industry Vertical (Food and Beverages, Cosmetics, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the macadamia market share.
How Big is the Macadamia Market?
The global macadamia market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.
Industry Overview of Macadamia
Macadamia, a genus of four native tree species in Australia, produces a particular type of hard-shelled white nut. Of these species, Macadamia ternifolia, integrifolia, and tetraphylla hold commercial importance. These nuts are abundant in antioxidants, protein, fiber, and vitamins, providing advantages like improved digestive health, weight management, and reduced risk of metabolic ailments such as type 2 diabetes, high blood sugar, cholesterol, and heart diseases. Owing to these beneficial properties, macadamia nuts can be enjoyed as a snack, incorporated into various recipes, and utilized in diverse industries for product manufacturing. Presently, macadamia nuts are available in the market in multiple forms, including raw, coated, and roasted variations.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/macadamia-market/requestsample
What are the growth prospects and trends in the macadamia industry?
The increasing popularity of macadamia nuts as a healthy snack option can be primarily attributed to the increasing health consciousness and growing awareness of their nutritional benefits. This factor stands as a key driver behind the current growth of the macadamia market.
Additionally, governments of various countries have implemented favorable initiatives to support macadamia production and trade in the agriculture sector, utilizing advanced methodologies, further fueling market expansion. Furthermore, the widespread utilization of macadamia nuts in the food and beverages (F&B) industry for the production of confectionery items like pastries, biscuits, and ice creams contributes to market growth. Moreover, macadamia nuts can be cold pressed to extract oil, which finds application in various cosmetics and skincare products.
The introduction of innovative flavors, including roasted, salted, honey-roasted, wasabi-flavored, and chocolate-coated macadamia nuts, aids companies in expanding their product portfolios and market reach, generating a positive market outlook.
Leading Companies Operating in the Global Macadamia Industry:
- Archer-Daniels-Midland Company
- Golden Macadamias
- Hamakua Macadamia Nut Company
- Health and Plant Protein Group Limited
- Ivory Macadamias
- Kenya Nut Company Ltd.
- Macadamia Processing Company
- Mauna Loa Macadamia Nut Corporation
- Mayo Macs
- MWT Foods
- Nambucca Macnuts Pty Ltd.
- Royal Macadamia (Pty) Ltd.
- Wondaree Macadamia Nuts
Macadamia Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Raw
- Roasted
- Coated
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Industry Vertical:
- Food and Beverages
- Cosmetics
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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