Macadamia Nuts Market Exploring Future Growth 2021-2028| Opportunities & Development
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 market 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.
View Full Repots@ https://www.marketresearchfuture.com/reports/macadamia-nuts-market-7630
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.
Key
Players
Some of the key players in the
global macadamia
nuts companies 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: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research
and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013, United States of America
Comments
Post a Comment