Global Pistachio Market 2017-2021
Pistachios are the seeds of pistachio (Pistacia vera) tree, which have their origin in Central Asia and the Middle East. The tree seeds are used mainly for food preparations and as snacks across the world. The seeds can be used raw or roasted with seasonings to give them a flavor. Pistachio is one of the most consumed nuts in the world. Pistachios are a source of several nutrients like riboflavin, vitamin B5, folate, calcium, and vitamin K. They are a rich source of proteins and dietary fiber, making them one of the healthiest nuts.
Technavio’s analysts forecast the global pistachio market to grow at a CAGR of 5.26% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pistachio market for 2017-2021. To calculate the market size, the report considers the both volume and value of the pistachio market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pistachio Market 2017-2021
Technavio recognizes the following companies as the key players in the global pistachio market: Germack Pistachio Company, Oh!Nuts, SANTA BARBARA PISTACHIO COMPANY, The Wonderful Company, and WeGotNuts.com :
Other Prominent Vendors in the market are: Hellas Farms, Keenan Farms, Fresh Nuts, Pistachio Provenance, KraftFoods, Ready Roast Nut Company, and Specialty Food Association.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Surge in demand for organic snacks. People are focusing more on healthy eating these days. There has been an increase in the incidence of diseases caused due to ignorance of food safety and eating unhealthy. With the increased level of awareness among the individuals, people now prefer to eat healthily and are trying to prevent health issues such as obesity, high cholesterol, and food poisoning.”
According to the report, one of the major drivers for this market is Health benefits associated with pistachios. Pistachio is one of the healthiest nuts with low-fat content as compared with other nuts. The increased focus on healthy and safe eating is one of the major concerns in today's hectic lifestyle. People are turning toward eating natural foods instead of unhealthy processed foods. Nuts are being preferred as one of the best snacking options.
Further, the report states that one of the major factors hindering the growth of this market is Contamination of pistachio by aflatoxin. Pistachios can sometimes be contaminated with a harmful carcinogenic substance known as aflatoxin. Aflatoxin is produced by fungi that affect several tree nuts, including pistachio. It can occur at any stage of farming, harvesting or production. The prevention of development of aflatoxin in pistachio is one of the biggest challenges for the pistachio market. The shell of the pistachio nut splits naturally. After the shell, pistachios have a hull or outer covering on the nut, which protects the nut from contamination by fungi. Pistachios which lose this hull are most prone to the contamination by this fungus.
Germack Pistachio Company, Oh!Nuts, SANTA BARBARA PISTACHIO COMPANY, The Wonderful Company, WeGotNuts.com, Hellas Farms, Keenan Farms, Fresh Nuts, Pistachio Provenance, KraftFoods, Ready Roast Nut Company, and Specialty Food Association.