Global Nut Meals Market 2018-2022
About Nut Meals
Nut meals are produced by grinding the whole nuts. Nut meals are oiler and grittier than nut flours. Nut meals are completely gluten-free.
Technavio’s analysts forecast the global nut meals market to grow at a CAGR of 5.48% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global nut meals market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nut Meals Market 2018-2022
Technavio recognizes the following companies as the key players in the global nut meals market: Bob’s Red Mill Natural Foods, Honeyville, King Arthur Flour Company, Oh! Nuts, and Uncle Joe's.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in sales through online channels. With the rise in e-commerce business across the globe, the vendors of nutmeal industry have potential to increase the visibility and profitability. E-commerce business accounts for nearly 12% of the world's retail trade.”
According to the report, one driver in the market is increasing demand from millennials. Millennials have a notable impact on the dietary patterns of the consumers. These consumers seek for a healthy and different variety of food options and alternatives for traditional foods. Therefore, the food players have been introducing new and healthier alternatives to cater to the needs of these consumer segment.
Further, the report states that one challenge in the market is competition from other flours. With growing popularity of gluten-free cooking, consumers are gaining greater interest in different gluten-free foods. Thus, the manufacturers of gluten-free ingredients are aggressively marketing their products under gluten-free labels.
Bob’s Red Mill Natural Foods, Honeyville, King Arthur Flour Company, Oh! Nuts, and Uncle Joe's.