Nuts and seeds are high source of proteins, carbohydrates, fats and vitamins. Growing health consciousness among consumers has benefitted the expansion of the nuts market. Increasing acceptance of healthy organic snacks is the factor owing for the demand of the nuts in the market. Use of nuts as a part of improving healthy lifestyles has driven the growth for the nuts market globally. The factors owing for the growth of the nuts market are availability in its pure form in required pack sizes, increased consumption of nuts for enhancing the immunity and rising awareness of involvement of nuts snacks in the diet. However, obesity issues related to nuts and consumer allergic to nuts may expect to hamper the nuts market growth.
Data Bridge Market Research analyses that the Saudi Arabia nuts market will grow at a CAGR of 5.7% during the forecast period of 2023 to 2030.
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Some of the major players operating in the market are Wonderful Pistachio Almonds LLC., Baja, Kings Madina Dates, Vinnienuts, Andalucia Nuts, ROMA GROUP, AL JAMEEL INTERNATIONAL, AL RIFAI, MEHBAJ, Tatco, and Lool Jooz SA among others.
Saudi Arabia Market Scope
Saudi Arabia nuts market is categorized based on based on type, nature, coating type, form, category and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Almond
- Cashew nut
- Walnut
- Hazelnut
- Pistachio
- Brazil nut
- Pecan
- Macadamias
Based on type, the market is segmented into almond, cashew nut, walnut, hazelnut, pistachio, brazil nut, pecan, and macadamias.
Nature
- Organic
- Conventional
Based on nature, the market is segmented into organic and conventional.
Coating Type
- Coated
- Uncoated
Based on coating type, the market is segmented into coated and uncoated.
Form
- Whole
- Diced/cut
- Granular
Based on form, the market is segmented into whole, diced/cut, and granular.
Category
- Unroasted
- Roasted
Based on category, the market is segmented into roasted and unroasted.
Distribution Channel
- Store based retailers
- Non-store retailers
Based on distribution channel, the market is segmented into store-based retailers and non-store retailers
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Saudi Arabia Nuts Market Dynamics
Drivers
- Increasing Consumer Preference For Healthy Nuts In Country
Nuts are healthy snacks to consume in their raw or roasted form. The easy-to-use nature, multiple applications in culinary dishes, and high nutritional value of nuts provide them more demand. These nuts are considered comfort food by consumers as they have nutritional benefits. Nuts contain monosaturated fatty acids, omega-3 fatty acids, and trace metals, such as selenium, calcium, iron, and phosphorus. These ingredients help maintain the health and well-being of consumers. Nuts are widely consumed in Saudi Arabia owing to their multiple health benefits.
For instance,
- According to the published article by Researchgate, in a household survey conducted, the mean daily consumption of nuts in average adults was 0.4 g/day in Saudi Arabia
Moreover, owing to its demand and consumption, the imports of nuts in the country are also rising. Saudi Arabia is a major importer of nuts such as almonds, cashews, and pistachios, among others worldwide. The nuts are widely consumed and imported into Saudi Arabia.
Thus, nuts' nutritional benefits enable consumers to prefer nuts and consume them in their regular diets. This change in consumer preference for nuts in Saudi Arabia is expected to drive the growth of the nuts market.
- Increasing Demand For Nuts As A Meat Alternative
Vegetarian food is more suitable owing to its health benefits. Consumers are more concerned regarding food content such as low cholesterol and calories. Thus, the demand for vegetarian food has increased. Vegetarian food contains dietary fiber essential for lowering the risk of obesity and heart-related disorders.
The growing trend of veganism and vegetarian diets is prevailing in Saudi Arabia. Consumers prefer meat alternatives with high nutritional content. Research has shown that consumers opting for vegan products have better health than meat eaters.
Hence, consumers have shifted towards veganism in Saudi Arabia owing to a better and healthy lifestyle, which is expected to drive the growth of the Saudi nuts market. Consumers prefer nuts as a meat substitute in their diets, which is expected to boost the market growth.
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=saudi-arabia-nuts-market
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