According to the latest report by IMARC Group, titled “Global Macadamia Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global macadamia market reached a value of US$ 1.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.78 Billion by 2027 exhibiting a CAGR of 10.10% during 2022-2027.
Macadamia refers to an edible, hard-shelled nut, which is a genus of four species of trees native to Australia. Also known as Queensland, bush, or Hawaii nut, it is a rich source of proteins, antioxidants, vitamins, and fibers. It also aids in improving gut health, managing weight, and reducing the risk of various metabolic syndromes, such as type 2 diabetes, cholesterol, and heart ailments. As macadamia nuts can be eaten, cooked, and processed into different products, they find extensive applications across various industries.
Base Year: 2021
Forecast Year: 2022-2027
Macadamia Market Trends and Drivers:
The market is primarily driven by the rising health consciousness and the growing awareness about the nutritional properties of macadamia among individuals. In addition, the increasing utilization of macadamia in the food and beverages (F&B) industry to manufacture confectionery items such as pastries, biscuits, and ice creams represents another major growth-inducing factor.
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Besides this, governments of numerous countries are introducing various initiatives and the latest methodologies to support the production and trade of macadamia in the agriculture sector. This, coupled with the rising product adoption in the formulation of various cosmetics and skincare products, is positively influencing the market growth.
Moreover, key players are launching roasted, salted, honey-roasted, wasabi-flavored, and chocolate-coated macadamia nuts to attract new consumers, which is also creating a favorable market outlook across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Macadamia Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Archer-Daniels-Midland Company, Golden Macadamias, Hamakua Macadamia Nut Company, Health and Plant Protein Group Limited, Ivory Macadamias, Kenya Nut Company Ltd., Macadamia Processing Company, Mauna Loa Macadamia Nut Corporation, Mayo Macs, MWT Foods, Nambucca Macnuts Pty Ltd., Royal Macadamia (Pty) Ltd. and Wondaree Macadamia Nuts.
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The report has segmented the market on the basis of region, nature, form, distribution channel and industry vertical.
Breakup by Nature:
Breakup by Form:
Breakup by Distribution Channel:
Breakup by Industry Vertical:
Food and Beverages
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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