LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global brazil nuts market since 2016 and the market is poised to grow by USD 18.94 million during 2019-2023, progressing at a CAGR of almost 4% during the forecast period. Request Free Sample Pages
Read the 126-page research report with TOC on "Brazil Nuts Market Analysis Report by Product (conventional brazil nuts and organic Brazil nuts), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023".
The market is driven by the increasing demand of Brazil nuts among various end-users. In addition, the increase in the use of Brazil nuts oil in the cosmetics industry is anticipated to further boost the growth of the brazil nuts market.
The inclusion of Brazil nuts in various food applications such as flavored drinks, culinary, snacks, breakfast cereals, bakery and confectionery, and dairy products is increasing. Brazil nuts are gaining popularity among consumers as they are a part of various popular diets such as the keto and vegan diets. Also, they are convenient and tasty to eat and are non-greasy, portable, natural, and nourishing wholesome foods. The demand and consumption of premium nut-based snack products is also increasing, which is encouraging vendors to launch new products with Brazil nuts as the key ingredient. Thus, the increasing demand of Brazil nuts among various end-users is expected to drive market growth during the forecast period.
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Major Five Brazil Nuts Market Companies:
Archer Daniels Midland Co.
Archer Daniels Midland Co. is headquartered in the US and owns and operates businesses under various segments such as origination, oilseeds, carbohydrate solutions, and nutrition. The company offers Brazil nuts primarily in APAC.
Bassé Nuts is headquartered in Canada and manufactures and offers products through various products segments such as nut butters, nuts, organic and gluten-free, seeds, snacks and confectionery, single serve snack packs, seasonal, dried fruits, club size, and mixes. The key offerings of the company include products such as Brazil nuts and Brazil nuts raw.
Food to Live
Food to Live is headquartered in the US and offers products through various products segments such as nuts, seeds, dried fruit, legumes, powders, grains, flours, and spices. The key offerings of the company include organic and conventional Brazil nuts.
Happilo International is headquartered in India and offers products through various products segments such as dried fruits, dates, nuts, berries, fusion, healthy seeds, and snack packs. The key offerings of the company includes Happilo premium international exotic brazil nuts.
Healthy Truth is headquartered in the US and offers products through various products segments such as nut clusters, crunches, dried fruits, powders, organic living superfoods, and bars. The key offerings of the company include organic raw Brazil nuts and organic raw sprouted Brazil nuts.
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Brazil Nuts Product Outlook (Revenue, USD Million, 2019 - 2023)
- Conventional brazil nuts
- Organic Brazil nuts
Brazil Nuts Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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