IMARC Group, a leading market research company, has recently releases report titled “Macadamia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global macadamia market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Macadamia Market?
The global macadamia market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.71% during 2023-2028.
What is Macadamia?
Macadamia, also known as Queensland nut, is an edible, hard-shelled white nut with subtle sweetness, creamy texture, and a mild butter flavor. It is a genus of four species of indigenous trees, namely macadamia ternifolia, integrifolia, tetraphylla, and Jensenii, present in Australia. It is rich in protein, fibers, antioxidants, and vitamins which help to manage weight, enhance gut health, fight inflammation, minimize cellular damage, protect against cancer and brain diseases, and lower low-density lipoprotein (LDL) or bad cholesterol. As a result, macadamia is eaten and used in various products for different industrial segments, such as food and beverage (F&B), pharmaceuticals, personal care, and cosmetics industries across the globe.
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What are the growth prospects and trends in the macadamia industry?
The market is primarily driven by the expanding food and beverage (F&B) sector and the increasing use of macadamia for producing confectionery items, such as biscuits, ice creams, and pastries. In addition, the rising demand for macadamia as a healthy snack among health-conscious individuals and the growing awareness regarding its nutritional value are contributing to market growth.
For instance, the macadamia contains monounsaturated fat that reduces the risk of type 2 diabetes, blood sugar, and heart ailments. Moreover, governments of various countries are taking initiatives to support macadamia production and trade by using the latest methodologies, representing another major growth-inducing factor.
Besides this, the widespread adoption of macadamia to produce cold-pressed oil to formulate several cosmetics and skin care products is providing a positive thrust to the market growth. Furthermore, mergers and acquisitions amongst key players and the increasing popularity of organic plant-based protein sources among individuals are also creating a favorable market outlook across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Raw
- Roasted
- Coated
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Industry Vertical:
- Food and Beverages
- Cosmetics
- Others
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
- Wondaree Macadamia Nuts.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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