Macadamia Nuts Type Industry Growth Probability, Leading Vendors and Future Scenario up to 2027
Market Highlights
Macadamia nuts, also known as Queensland nuts,
bopple nuts, bauple nuts, and Australian nuts, belong to the proteaceae family.
Macadamia kernels are used in many food and personal care products which is
expected to boost the demand for macadamia nuts market in the future.
The global macadamia nuts market has been segmented
based on type, category, and application.
Based on type, the global macadamia
nuts market has been segmented into whole, halves, whole
and half blends, chips, and others. The whole segment is expected to account
for the largest market share during the forecast period. Whole macadamia
nuts are widely available and used in various food items
such as chocolates, biscuits, and cakes, and ice cream. The segment is also
expected to register the highest growth rate owing to the increasing awareness
about the versatility of macadamias in the food & beverage and personal
care industries.
The global macadamia
nuts type industry has been classified, by category, as organic
and conventional. The conventional segment is expected to be the
larger market owing to the easy availability and lower prices of
conventional macadamia nuts as compared to organically grown
nuts. However, the organic segment is projected to register the higher CAGR
during the forecast period due to the rising inclination of consumers for
organic products.
The global macadamia nuts market
has been segmented, by application, into food & beverage,
personal care, and others. The food & beverage segment is
projected to account for the largest share of the global macadamia
nuts market due to the widespread use of macadamia
nuts in the bakery and confectionery, dairy and frozen
desserts, and culinary segments, among others. Additionally, there is an
increasing demand for macadamia oil in cosmetics and personal care products
such as lotions, shampoos, and moisturizers for the natural antioxidant
properties and high levels of palmitoleic acid.
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The personal care segment is anticipated to exhibit
the highest CAGR during the forecast period. There has been a significant
increase in demand for macadamia nuts in haircare products as they make the
texture of hair softer and moisturize the scalp. Macadamia nuts are also
enriched with vitamins such as thiamine (B1), riboflavin (B2), retinol (A1),
and niacin (B3), which help in maintaining skin health.
Regional Analysis
The global macadamia nuts market has been segmented, on the
basis of region, into North America, Europe, Asia-Pacific, the rest of the world.
Asia-Pacific is expected to dominate the global macadamia
nuts market owing to the large-scale consumption
of macadamia nuts in the region. China, New Zealand,
and Australia are major consumers of macadamia nuts,
which find application in various regional food preparations.
The market in North America is expected to grow at the fastest pace due
to the rising consumption of macadamia nuts in
the region.
Key
Players
Some
of the key players in the global macadamia nuts market are Alimentos Selectos S.A. (Guatemala),
Hamakua Macadamia Nut Co Inc. (US), Royal Macadamia (Pty) Ltd (South Africa),
Golden Macadamias (South Africa), Kenya Nut Company Ltd (Kenya), Mauna Loa
Macadamia Nut Corp (US), MacFarms (US), Nambucca Macnuts Pty Ltd (US), MWT
Foods Australia (Australia), and Wondaree Macadamias (Australia).
NOTE:
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