About Pine Nuts
Pine nuts refer to the edible seeds of pine trees. There are around 20 species of pine nuts available worldwide. Pine nuts contain a wide variety of nutrients such as proteins, vitamins, and minerals, which are essential for maintaining optimal health. Additionally, the presence of anti-oxidants makes pine nuts more useful in the treatment of certain health disorders. Furthermore, pine nuts help to boost energy, vision, and anti-aging. Pine nuts are being used extensively as a healthy ingredient in the food and beverage industry in recent years. Improving economic condition, increasing disposable income, and growing awareness of the health benefits of pine nuts are propelling the global pine nuts market.
Technavio’s analysts forecast the global pine nuts market to grow at a CAGR of 20.68% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pine nuts market for 2017-2021. To calculate the market size, the report considers the sales/volume/value of the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pine Nuts Market 2017-2021
Technavio recognizes the following companies as the key players in the global pine nuts market: Dashi International, Prime, and Sabra Dipping.
Other Prominent Vendors in the market are: Badia Spices, Diamond Foods, Hunchun HongSongBao, John B. Sanfilippo & Son, Mariani Nut, NationalRaisin, and Peyman.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is usage of pine nuts in traditional meals. Pine nuts are now becoming a part of traditional meals in many countries. They are also getting popular as a part of the complete meal and not only as snacks. Although pine nuts are predominantly consumed as on-the-go snacks by the working population to save time, they are also being used in traditional meals in recent times. Many health benefits associated with pine nut consumption is a major reason behind consumers' preference for pine nuts. Leading restaurant chains have recently started using pine nuts as a flavoring or dressing ingredient in the key meals that they serve to their consumers.”
According to the report, one of the major drivers for this market is Multiple health benefits associated with pine nuts. Urbanization has helped change the lifestyle and dietary habits of people across the world. The increase in population and growing obesity rates are major drivers for the growth of the market. There has been an exponential increase in the consumption of natural food products. Consumers are becoming more conscious about their health and fitness and paying more attention to the nutritional content of the food that they consume. The health-conscious population demands foods that have lower calorie content but have the right combination of essential nutrients. Hence, healthy eating has increased the demand for pine nuts as they are unprocessed and contain vitamins, fibers, and naturally occurring minerals.
Further, the report states that one of the major factors hindering the growth of this market is Threat of substitutes. Walnuts, macadamia nuts, almonds, cashews, and hazelnuts are some of the popular substitutes of pine nuts. Most consumers prefer to consume nuts as a form of snack at some time of the day. Easy availability and low price of these nuts prompt consumers to buy such products instead of pine nuts. Dry roasted nuts and seeds without oil or salt are also gaining popularity among consumers.
Dashi International, Prime, and Sabra Dipping.Badia Spices, Diamond Foods, Hunchun HongSongBao, John B. Sanfilippo & Son, Mariani Nut, NationalRaisin, and Peyman.