Pistachios Market Overview:
Over the course of the projection period, the global pistachio market is expected to grow significantly and continue in this direction. The market for pistachios has grown due to a number of factors, including rising health consciousness and the product's diverse nutritional makeup, which includes vitamins, fats, and minerals. According to the International Dried Fruits and Nuts Council, the world's pistachio production increased by 31% in 2017 to 587,506 MT, and rose to 771,494 MT in 2018.
Pistachios Market size was valued at US$ 43.11 Bn. in 2022 and the total revenue is expected to grow at 3.90% through 2023 to 2029, reaching nearly US$ 56.36 Bn.
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The market dynamics of pistachios
Over the course of the forecast period, the global market for pistachios is expected to develop significantly due to the health benefits associated with them, which include improved immunity and metabolism, lowered risk of heart disease and diabetes, cancer, and other conditions. Additionally, the demand for pistachios is fueled by changing lifestyles, increasing disposable income, and increased urbanization. As consumer demand for a wider range of goods rises, producers are now concentrating on producing low-fat and ready-to-serve pistachios.
Pistachios Market Regional Insights
The thorough regional analysis carried out by Pistachios market research precisely identifies market drivers and illuminates’ changes in regional regulations, impacting current and future market trends. By carefully examining both established and emerging trends, the research aims to evaluate the untapped potential within the market and identify profitable trends to improve market positioning. This assessment, covering the current landscape and anticipated developments, forms the basis for understanding the dynamics of geographical markets.
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Pistachios Market Segmentation
by Product
In-Shelled
Shelled
The in-shelled and shelled segments of the global pistachio market are based on the product. The market for pistachios worldwide is dominated by the shelled sector because of its higher production and nutritional value. The NASS reports that 461 million pounds of shelled pistachios and 139 million pounds of in-shelled pistachios were sold in 2017. Pistachios without shells are marketed as roasted and salted snack food for home use.
by Distribution Channel
Convenience store
Modern trade
Online sales
Convenience store, modern trade, and online sales are the three segments of the worldwide pistachio market based on the distribution channel. The global market for pistachios is dominated by the convenience store segment. This segment's rise can be attributed to its large choice of products at varying pricing and convenience. Online sales are gaining a significant portion of the pistachio market because of the high number of mobile users and the lower prices. Producers can now use digital technology to sell their goods directly to consumers in the modern trade. It is now well-liked in numerous areas as well.
by End users
Bakery & Confectionary
Breakfast cereals
Dairy products
Others
The global pistachio market is segmented into baking & confectionery, breakfast cereals, dairy goods, and other categories based on the end user. The antioxidant-rich, high-fiber Bakery & Confectionery segment dominates the worldwide pistachio market because it lowers cholesterol, regulates blood sugar, and lowers the risk of diseases like cancer. Thus, it can be utilized in a variety of baked goods. Its low fat level and health benefits also make it a popular ingredient in dairy product and beverage preparations. 34.6% of the pistachios that are produced are used in the confectionary and pastry sectors.
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Pistachios Market Key Players
1. Primex Int'l Trading Corp.,
2. Horizon Growers,
3. Nichols Farms
4. Keenan Farms
5. Setton Pistachio of Terra Bella Inc.
6. Whistler Foods
7. Sierra Nut House Inc.
8. Houston Pecan Co
9. BATES NUT FARM
10.Pistachio Provenance
11.SANTA BARBARA PISTACHIO COMPANY
12.Specialty Food Association Inc.
13.Ready Roast Nut Company
14.WeGotNuts
15.Germack Pistachio Company
Pistachios Market Scope:
Following the market valuation phase, we embarked on an exhaustive primary research endeavor to gather, analyse, and validate crucial data. This encompassed evaluating market size, forecasting, identifying key drivers, and cross-referencing data during statistical analysis. Employing both top-down and bottom-up methodologies, alongside other validation techniques, we meticulously scrutinized market segments and sub-segments outlined in this study. All collated data underwent rigorous qualitative and quantitative analysis to ensure the provision of robust insights in the report.
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Key questions answered in the Pistachios Market are:
- What is Pistachios?
- What is the growth rate of the Pistachios Market?
- Which are the factors expected to drive the Pistachios market growth?
- What are the different segments of the Pistachios Market?
- What growth strategies are the players considering to increase their presence in Pistachios?
- What are the upcoming industry applications and trends for the Pistachios Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Pistachios Market?
- Who are the leading companies and what are their portfolios in Pistachios Market?
- What segments are covered in the Pistachios Market?
- Who are the key players in the Pistachios market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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