Latest Innovation in Global Nut Products Market
iCrowd Newswire
07 May 2021, 20:25 GMT+10
According to MarketsandMarkets™, the report Nut Products Market by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, and Nut Flour), Nut Type, End User/Application, Quality and Region – Global Forecast to 2025″, size is estimated to be valued at USD 1.5 billion in 2020 and is projected to reach USD 2.0 billion by 2025, recording a CAGR of 5.8%. in terms of value. The robust growth of the nut products market is driven by product innovation in cereals and snack bars, dairy products, confectionery, and savory products. The growth is further complemented by rising health consciousness among consumers and growing disposable income levels, leading to greater purchasing of premium nut-based offerings.
The Worldwide Nut Products Industry is Expected to Reach $2Billion by 2025 at a CAGR of 5 8% from 2020
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