The report presents a comprehensive research of the global nut meals market by products such as inorganic nut meals and organic nut meals. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Market driver: increasing demand from millennials
Millennials seek for a healthy variety of food options and alternatives to traditional foods. Therefore, the food players have been introducing new and healthier alternatives to cater to the needs of this consumer segment. Millennials consider food variation and customization as a need rather than a luxury.
Nutmeals are an affordable healthy flour option that is very rich in nutrition as it includes the health benefits of nuts. Also, nut meals can be used for different cooking applications and are also quite popular with other consumer segments such as kids and the working population in APAC countries like China and Japan. This is one of the key factors behind the growth of the nut meals market in APAC.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: increase in sales through online channels
With the rise in e-commerce business across the globe, vendors of nutmeal industry have potential to increase their visibility and profitability. E-commerce business accounts for nearly 12% of the world's retail trade. There has been an increase in the amount of money spent on per online transaction and also in the number of online transactions made across the globe. This is fostered by the "buy it now" attitude among consumers that are contributing toward the growth of the market.
According to a senior analyst at Technavio for food research, “Consumers prefer to purchase products through the online medium as it enables them to avoid time-consuming, billing queues. This trend is encouraging various nut meals and nut flour vendors to enter online retail formats. Moreover, the online format will help vendors to save on operating and overhead costs, which are lesser in the online retail format compared to the physical store format.”
Market challenge: competition from other flours
With growing popularity of gluten-free cooking, consumers are gaining greater interest in different gluten-free foods. Manufacturers of gluten-free ingredients are aggressively marketing their products under gluten-free labels. There are numerous gluten-free meals and flours available in the market, and these meals are made from different raw materials such as seeds, grains, roots, and more.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
Big savings with Technavio this February!
Get 20% OFF on all Education Technology reports. This offer is valid only till the 28th of this month.
Celebrate winter sports with 23% OFF on all reports in the Outdoor Gear library (Offer valid from Feb 9-25).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.