Global Macadamia Market 2017-2021
Macadamia belongs to a plant family Proteaceae. It is native to north eastern New South Wales and central and south eastern Queensland. Macadamias are commercially used as nuts. These nuts contain various essential vitamins and minerals such as vitamin A and B, iron, manganese and folate, protein, healthy fats, and antioxidants.
Technavio’s analysts forecast the global macadamia market to grow at a CAGR of 3.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global macadamia market for 2017-2021. To calculate the market size, the report considers the consumption of macadamia in the food and beverage industry as well as the cosmetic industry on kernel basis (metric tons).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Macadamia Market 2017-2021
Technavio recognizes the following companies as the key players in the global macadamia market: Hamakua Macadamia Nut Company, MacFarms, Mauna Loa Macadamia Nut Corp, NAMBUCCA MACNUTS and WONDAREE MACADAMIA NUTS.
Other Prominent Vendors in the market are: Eastern Produce, Golden Macadamias, Ivory Macadamias, Kenya Nut Company, Macadamia Processing Company, Mayo Macs, MWT Foods Australia.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing focus on using macadamia for energy production. Macadamia shells can be used to make briquettes as these are active carbon sources. When the shells are burnt at high temperature, carbon and charcoal are formed. The surface of these shells is highly porous in nature, and thus, these shells can be used in carbon filters for air and water purification.”
According to the report, one driver in the market is health benefits of macadamia. Consumers are becoming more health conscious than ever before. They are consuming foods that are fat free but also consuming foods that contain healthy fats such as nuts, avocados, and dry fruits. Macadamias contain proteins, monounsaturated fatty acids, and energy.
Further, the report states that one challenge in the market is fluctuations in supply increasing price leading to a decline in demand. There is a shortage of macadamia for shipment in the global market due to the wide applications of macadamia across industries such as food and beverage and cosmetic. This shortage directly increases its price, leading to a decline in its demand due to affordability issues.
Hamakua Macadamia Nut Company, MacFarms, Mauna Loa Macadamia Nut Corp, NAMBUCCA MACNUTS and WONDAREE MACADAMIA NUTS, Eastern Produce, Golden Macadamias, Ivory Macadamias, Kenya Nut Company, Macadamia Processing Company, Mayo Macs, MWT Foods Australia.
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