Pistachio Market by Product (Crushed, In-shell, Powder), Type (Flavored, Unflavoured), Ditsribution, End-User - Global Forecast 2024-2030
Description
Pistachio Market by Product (Crushed, In-shell, Powder), Type (Flavored, Unflavoured), Ditsribution, End-User - Global Forecast 2024-2030
The Pistachio Market size was estimated at USD 5.25 billion in 2023 and expected to reach USD 5.51 billion in 2024, at a CAGR 4.85% to reach USD 7.32 billion by 2030.
Pistachios are a perfect protein, antioxidant, and fiber source that boosts heart health, manages blood sugar, and reduces colon cancer risk. Pistachios are integrated into bakery products, confectioneries, spreads, ice creams, beverages, and culinary dishes. The scope of the pistachio market extends across multiple sectors, such as food & beverage, cosmetics & personal care, and pharmaceuticals. Moreover, consumer demand is increasing for healthy snacks due to rising health awareness regarding the benefits of nuts, such as improved heart health and reduced risk of chronic diseases. The growing adoption of plant-based diets has led to increased demand for pistachios and expansion of eCommerce platforms providing easy access to a wide range of premium quality nut products. However, fluctuating yield caused by climate change affects the availability and price stability of these products, leading to uncertainty in supply chain operations. In addition, manufacturers focus on consumer insights and preferences to create novel pistachio-based products catering to evolving tastes and demands. Developing ready-to-eat packaged snacks or functional foods targeted at specific health-conscious consumer segments is expected to create opportunities for the pistachio market.
Regional Insights
In the Americas, increased production and consumption of pistachios and the healthy snacking trend have boosted consumer demand, while innovative flavored products have attracted younger demographics. The American pistachio growers organization has initiated several research projects focusing on the health benefits of pistachios, sustainable farming practices, and innovative marketing strategies. Market players have launched new product lines, such as chili-roasted pistachios, to attract consumers seeking unique flavors. In the Asia-Pacific, pistachios are considered auspicious symbols for health and prosperity, and increasing awareness about health benefits associated with pistachio consumption drives demand for these nuts. Organic varieties have gained popularity due to rising concerns over regional food safety issues. Increasing utilization of pistachios in food & beverage products and supportive government initiatives to boost domestic production raised the availability of pistachios. In the European Union (EU) countries, the demand for pistachios has been growing due to their nutritional value and increasingly being used as an ingredient in various food products. In Middle Eastern countries, including Iran and Turkey, pistachios have a strong cultural significance and are extensively used in traditional sweets and dishes. The African market presents a significant potential for growth with rising urbanization, increasing disposable incomes, and growing awareness about healthy snacking options.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Pistachio Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Rising awareness about health benefits offered by pistachio
- Increasing demand for healthy snacks and growing demand across food processing industries
- Market Restraints
- Fluctuating costs of pistachios coupled with complex processing methods
- Market Opportunities
- Potential application of pistachios across nutraceutical and cosmetic industries
- Ongoing advancements for sustainable cultivation and improved quality traits of pistachios
- Market Challenges
- Concerns of pistachio contamination coupled with stringent regulation implemented by various governments
- Market Segmentation Analysis
- Product: Popularity of in-shell pistachios due to high consumers’ preference
- Type: Expanding preference for flavored pistachios owing to continuous product development with different flavors
- Distribution: Increased consumer preferences for buying pistachios on online platforms
- End User: Significant role of pistachios in catering to the diverse preferences and tastes of consumers
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Pistachio Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Pistachio Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Wonderful Pistachios Launches First New In-Shell Flavor in 10 years: Seasoned Salt
Wonderful Pistachios & Almonds LLC introduced a new in-shell flavor, Seasoned Salt, marking its first innovation in this category in over a decade. This novel addition to their product portfolio is perfectly timed for the summer season and aims to provide consumers with a fresh take on the classic pistachio snack.
FAO, Iran Collaborate to Enhance Pistachio's Production, Export
The Food and Agriculture Organization (FAO) of the United Nations collaborated with Iran to boost pistachio production and export in the country. FAO recently conducted a five-day workshop on capacity building for pistachio stakeholders in Kerman province to minimize the use of chemicals while enhancing plant health and productivity as part of its efforts to improve food security, nutrition, and sustainable agricultural development.
Setton Farms and Tajín collaborate on New Chili Lime Seasoned Pistachio Kernels
Setton Pistachio of Terra Bella, Inc. collaborated with TAJÍN, a renowned Mexican company specializing in chili-based seasoning blends, to introduce a new product to their line-up. The innovative collaboration launched the Chili Lime Seasoned Pistachio Kernels, offering consumers a unique and flavorful snacking experience. The collaboration seeks to combine Setton Farms' expertise in producing high-quality pistachios with TAJÍN's signature blend of mild chili peppers, lime, and sea salt.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Pistachio Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Pistachio Market, highlighting leading vendors and their innovative profiles. These include Avakian Ltd, Bates Nut Farm, Braga Organic Farms, Fiddyment Farms, Inc., Germack Roasting Company, LLC, Gorilla Food Co., Gourmia by Bajaj Overseas Impex, HORIZON Nut Company, LLC, Hormel Foods Corporation, Houston Pecan Co, ITC NUTS COMPANY, KARIN GIDA San. Ve Tic. A.S., Keenan Farms, Inc., Meray Kuruyemiş Gıda San. Tic. Ltd. Şti., Meridian Growers, LLC, Murrungundy Pistachios, Nazari Pistachio Co, Nichols Farms, Nut Producers Australia Pty Ltd, Oh! Nuts, Padideh Pistachio, Rasha Pistachio Co., Ratin Khosh (Khoshbin Group), Rayka Omid Karmania, Santa Barbara Pistachio Company, Setton International Foods Inc., Sierra Nut House, Inc., TADIM, The Pistachio Co, The Pistachio Factory, Touchstone Pistachio Company, and Wonderful Pistachios & Almonds LLC.
Market Segmentation & Coverage
This research report categorizes the Pistachio Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Crushed
- In-shell
- Powder
- Shelled
- Splits
- Type
- Flavored
- Unflavoured
- Ditsribution
- Convenience Stores
- Hypermarket/Supermarket
- Online Sales
- Specialty Stores
- End-User
- Bakery & Confectionery
- Breakfast Cereals
- Dairy Products
- Flavored Drink
- Snacks
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
185 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising awareness about health benefits offered by pistachio
- 5.1.1.2. Increasing demand for healthy snacks and growing demand across food processing industries
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating costs of pistachios coupled with complex processing methods
- 5.1.3. Opportunities
- 5.1.3.1. Potential application of pistachios across nutraceutical and cosmetic industries
- 5.1.3.2. Ongoing advancements for sustainable cultivation and improved quality traits of pistachios
- 5.1.4. Challenges
- 5.1.4.1. Concerns of pistachio contamination coupled with stringent regulation implemented by various governments
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Popularity of in-shell pistachios due to high consumers’ preference
- 5.2.2. Type: Expanding preference for flavored pistachios owing to continuous product development with different flavors
- 5.2.3. Distribution: Increased consumer preferences for buying pistachios on online platforms
- 5.2.4. End User: Significant role of pistachios in catering to the diverse preferences and tastes of consumers
- 5.3. Market Trend Analysis
- 5.3.1. Significant production and expansion of premium pistachios plants in the Americas
- 5.3.2. Significant consumption of pistachios in food & beverage products in the Asia-Pacific region
- 5.3.3. Emphasis to upscale pistachio production in the EMEA region
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 5.9.1. Completive Landscape of California in Pistachio Industry
- 5.9.2. Pricing Trends in the California Pistachio Market (2019-2030): Retail and Merchandising:
- 5.9.3. California Pistachio Market Size (2019-2030) (TON)
- 5.9.4. Price Outlook for California Pistachio Growers 2018-2023 & Forecast
- 6. Pistachio Market, by Product
- 6.1. Introduction
- 6.2. Crushed
- 6.3. In-shell
- 6.4. Powder
- 6.5. Shelled
- 6.6. Splits
- 7. Pistachio Market, by Type
- 7.1. Introduction
- 7.2. Flavored
- 7.3. Unflavoured
- 8. Pistachio Market, by Ditsribution
- 8.1. Introduction
- 8.2. Convenience Stores
- 8.3. Hypermarket/Supermarket
- 8.4. Online Sales
- 8.5. Specialty Stores
- 9. Pistachio Market, by End-User
- 9.1. Introduction
- 9.2. Bakery & Confectionery
- 9.3. Breakfast Cereals
- 9.4. Dairy Products
- 9.5. Flavored Drink
- 9.6. Snacks
- 10. Americas Pistachio Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Pistachio Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Pistachio Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Wonderful Pistachios Launches First New In-Shell Flavor in 10 years: Seasoned Salt
- 13.3.2. FAO, Iran Collaborate to Enhance Pistachio's Production, Export
- 13.3.3. Setton Farms and Tajín collaborate on New Chili Lime Seasoned Pistachio Kernels
- 13.3.4. Setton Pistachio of Terra Bella, Inc. partnered with Tajín
- 13.3.5. Nichols Farms Launches First Of Its Kind- Organic Flavored Pistachios Line
- 13.3.6. Setton Pistachio Enters the Organic Market with New Facility
- 13.3.7. Wonderful Pistachios Partners with Panda Global as an Official Snack of the First-ever Licensed North American Super Smash Bros
- 13.3.8. Advent International's Irca Group to Acquire Pistachio Ingredients Manufacturer Anastasi
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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