Global Macadamias Ingredients Market - Forecast(2023 - 2028)

Report Code: FBR 98042 Report Format: PDF + Excel

Global Macadamias Ingredients Market Overview

The Global Macadamias Ingredients Market size is estimated to reach $2.6 billion by 2027. Furthermore, it is poised to grow at a CAGR of 4.3% over the forecast period of 2022-2027. Macadamia nuts are an Australian native nut. These nuts are the fruits of the macadamia tree and are primarily grown in Australia, although they are also grown commercially in Hawaii and, to a lesser extent, Florida and California. Ingredients from macadamia nuts are becoming better recognized as a valuable source of nutrients with a variety of health advantages. One of the most notable characteristics of macadamia nuts is its high-fat content, which includes monounsaturated fats as well as palmitoleic acid, Vitamin A, and Vitamin B (thiamine). The high nutritional value of macadamia ingredients has led to the increase in demand for the commercial production of such native species. "For persons who are lactose intolerant, vegan, or looking to explore dairy-free options, macadamia nut milk is a terrific alternative to dairy products," says Maya Feller, M.S., R.D., CDN. Macadamias have a higher fat content than other nuts. The increased public awareness of the health benefits of nuts and dried fruits have been a major driver of industry growth. In recent years, there has been a considerable increase in global demand for healthy and nutritious snacks, particularly among the younger generation and the working-class population. People are also moving away from non-vegetarian sources of protein and toward plant-based alternatives. However, high prices for macadamia nuts, rising competition in the macadamia ingredients industry, limited species for commercial use, a lack of consumer awareness, the availability of alternative goods, allergies to macadamia nuts, traditional traditions, and regulatory limitations impasse market expansion.

Global Macadamias Ingredients Market Report Coverage

The report: Global Macadamias Ingredients Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Macadamias Ingredients Industry.

By Ingredient Type - Raw, Roasted and Coated.
By Ingredient Form – Powder and Pieces.
By Application – Food and Beverage, Pharmaceuticals, Nutraceuticals, Cosmetics & Personal Care and Others.
By Distribution Channel – Offline and Online.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Geographically, Asia-Pacific owing to the increasing demand for Global Macadamias Ingredients accounted for the highest revenue share in 2021, accounting for 40% of the worldwide market share over the projected period 2022-2027. The Asia Pacific market is prone to be affected by rising awareness of nutrient-dense diets, as well as the increasing inclusion of tree nuts in diets across the region.
  • During the forecast period 2022-2027, the market would be driven by people who are moving away from non-vegetarian sources of protein and moving towards plant-based alternatives.
  • A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Macadamias Ingredients Market Report.

Global Macadamias Ingredients Market- Geography (%) for 2021.

Global Macadamias Ingredients Market

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Global Macadamias Ingredients Market Segmentation Analysis-By Ingredient Type

The Global Macadamias Ingredients market based on ingredient type is further segmented into raw, roasted, and coated. In 2021, the raw category had the most market share. This is mainly attributed to its cost-effectiveness owing to the fact that raw ingredients find most of their application in the preparation of skin renewing and moisturizing treatments as well as in various meals. Furthermore, the raw form has a high-fat content which makes it a healthy one. As in actuality the fat contained in it is cholesterol-free and contains palmitoleic acid which further assists the human body in the control of insulin level and a healthy bodily mechanism. As per US CDC, around 94 million people within the country have cholesterol higher than 200mg/dl, thereby consuming such nuts as snacks have helped them in multiple ways.

However, during the forecast period 2021-2027, the roasted segment of the market is anticipated to be the fastest-growing, with a CAGR of 5.2%. As macadamia kernels that have been roasted can be consumed; when cooked with or processed into a number of goods. Roasted, roasted, and salted, chocolate coated, honey-roasted, and wasabi-flavored are some of the most popular flavors. Moreover, they are also ground into a paste and cold-pressed into oil, which finds its application used in biscuits, pastries, and ice cream. Oil-roasted macadamia nut kernels are popular, but dry-roasted nuts are preferred as they contain just endogenous macadamia oil. All these factors together are to pave way for the segmental market growth.

Global Macadamias Ingredients Market Segmentation Analysis-By Distribution Channel

The Global Macadamias Ingredients market based on distribution channel is further segmented into offline and online. In 2021, the online category has the largest market share. This is mainly owing to the fact that there is an increase in the number of online retail channels, especially in developing economies, which has augmented the penetration of modern grocery retail chains during the COVID-19, further contributing to the sales of such ingredient based products in the year of study. Also, during the forecast period 2021-2027, this segment of the market is anticipated to be the fastest-growing, with a CAGR of 6.0%. Instacart, ShopFoodEx, Tesco, Sainsbury's, Asda Stores Limited, FreshDirect, Alibaba Group, Walmart, Kroger, and Amazon are the largest e-commerce portals that sell macadamia ingredient products. E-commerce platforms also provide users with value-added services such as cash-on-delivery, cash-backs, and discounted prices. For example, a brand names Miltop- offers its Macadamia Nuts at a deep discount of 25% on its MRP. As a result, these factors are anticipated to propel the online segment's expansion over the projection period.

Global Macadamias Ingredients Market Segmentation Analysis-By Geography

The Global Macadamias Ingredients market based on Geography is further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. In 2021, Asia Pacific dominated the market with a 40% share and is poised to be the fastest-growing region. The Asia Pacific market is prone to be affected by rising awareness of nutrient-dense diets, as well as the increasing inclusion of tree nuts in diets across the region. China, Japan, Vietnam, Australia, South Korea, Malaysia, Thailand, and Singapore have all seen an increase in macadamia nut ingredients consumption. The increased penetration of macadamia nut ingredients into the normal diet of the population in these countries is responsible for the rising consumption. Furthermore, around 19% of the world’s macadamia nut consumption comes from China. As nuts ingredients are an important part of the Chinese diet pertaining to their well-known health benefits, according to information derived from Traditional Chinese Medicine.

Global Macadamias Ingredients Market Drivers

The ever-increasing number of government programs is propelling the market growth

The increasing adoption of macadamia nut ingredients and the disruption in supply in the global market prompted a fluctuation in the demand-supply of macadamia nuts, necessitating a high level of investment in the industry and government initiatives, which is poised to be a major factor in the macadamia ingredients market's growth globally. Furthermore, WMO founding chief executive officer Jillian Laing, based in New Zealand, said the organization will position macadamias in the areas of health, luxury, and natural goodness and align with consumer trends towards mindful eating. Further, she estimates that the three resolute features would drive the market, the first being to consolidate the Indian market, the second being to grow the frequency of consumption in China, and the third is to make strong label claims.

The market is being driven by the extensive application of processed nut ingredients

Since macadamia ingredients in the processed form are beneficial to one's health, they have found widespread use in a variety of end-use businesses. They are used to produce ice cream as well as to serve as a topping. There is an abundance of macadamia ice cream available on the market. Additionally, they are also employed in the preparation of cookies, biscuits, muffins, and cakes. Chocolates, health bars, nougats, and brittles are also made with them. Furthermore, nut consumption as a snack has become increasingly popular. Consumers, if are not able to obtain macadamia nut in raw form, they tend to consume it in any other offering. In a survey, respondents constituting around 1000 of which 51% revealed they are more likely to purchase a food item that has a nut in it, so as to intake higher proteins.

Global Macadamias Ingredients Market Challenges

High prices of macadamia nuts are factors impeding market growth

Macadamia nuts are widely regarded as the costliest nuts on the planet. 250 grams of macadamia nut offering can cost anywhere near INR 850-INR 1100 as compared to almonds which can be obtained at a price equivalent of INR 450-INR 500 for 500 grams. Flowering macadamia trees are primarily harvested in north-eastern Australia, and it takes an average of eight years for them to begin producing nuts. As a result, the nuts of this tree are only picked for a few months each year. Furthermore, macadamia nut harvesting necessitates the ideal atmosphere, which includes rich soil, mild temperatures, and enough rain. As a result, places that do not match the requirements for ideal weather are unable to harvest macadamia nuts which thereby restricts the market growth for ingredients by creating a gap between the harvests and processing it to be used as ingredients.

Global Macadamias Ingredients Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. Global Macadamias Ingredients top 10 companies include:

  1. ADM
  2. Olam
  3. Kanegrade
  4. Bredabest
  5. Barry Callebaut Schweiz
  6. Intersnack
  7. Borges
  8. CG Hacking & Sons
  9. Besanaworld
  10. Voicevale

Recent Developments

  • In February 2022, Marquis Macadamias opened a new depot in Pongola, South Africa. Serving the greater northern KwaZulu-Natal region, the depot will ensure macadamia growers can easily deliver their crop and access processing facilities. Moreover, the company said, “Given the significant crop forecasts, it is therefore prudent for growers to have the necessary support, be it at an advisory or processing level, to assist with maximizing grower profits and increasing sustainability.” The director of the firm said that the new facility would give greater consistency in the offering and would fulfill the requirement in developing countries.
  • In February 2022, Insomnia Cookies has bought sweet treats option in Westwood. In terms of cookie offerings, customers can choose between two sizes – the $2.50 classic or $4.25 deluxe – with the deluxe being a little under twice as large as the classic. A less decadent option is the white chocolate macadamia. The white chocolate gives the cookie a milkier feeling, while the taste of macadamia harmonizes well with the rest of the cookie without overpowering the chocolate and cookie dough.

Relevant Titles

Global Macadamia Market – Forecast (2022 - 2027)

Report Code: FBR 83857

Fruit And Vegetable Ingredients Market – Forecast (2022 - 2027)

Report Code: FBR 0095

For more Food and Beverage Market reports, please click here

1. Global Macadamias Ingredients Market Overview
    1.1 Definitions and Scope
2. Global Macadamias Ingredients Market Executive Summary
3. Global Macadamias Ingredients Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Company Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (General Price Offerings comparison in the market)
4. Global Macadamias Ingredients Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.4 Venture Capital and Funding Scenario
5.Global Macadamias Ingredients Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Global Macadamias Ingredients Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Global Macadamias Ingredients Market - Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Global Macadamias Ingredients Market- By Ingredient Type (Market Size -$Million/$Billion)
    8.1 Raw
    8.2 Roasted
    8.3 Coated
9. Global Macadamias Ingredients Market- By Ingredient Form (Market Size -$Million/$Billion)
    9.1 Powder
    9.2 Pieces
10. Global Macadamias Ingredients Market- By Application (Market Size -$Million/$Billion)
    10.1 Food & Beverage
        10.1.1 Bakery & Confectionery
        10.1.2 Dairy Products
        10.1.3 Snacks & Savory
        10.1.4 Frozen Desserts
        10.1.5 Others
    10.2 Pharmaceuticals
    10.3 Nutraceuticals
    10.4 Cosmetics & Personal Care
    10.5 Others
11. Global Macadamias Ingredients Market- By Distribution Channel (Market Size -$Million/$Billion)
    11.1 Offline
        11.1.1 Hypermarkets/Supermarkets
        11.1.2 Convenience Stores
        11.1.3 Specialty Stores
        11.1.4 Others
    11.2 Online
12. Global Macadamias Ingredients Market- By Geography (Market Size -$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 Italy
        12.2.4 France
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Australia
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 India
        12.3.6 Rest of Asia-Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Clombia
        12.4.3 Others
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Global Macadamias Ingredients Market Entropy
    13.1 New Product Launches
    13.2 M&As, Partnerships, JVs.
14. Global Macadamias Ingredients Market- Industry/Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Key companies
        14.1.2 Market Share by Region- Key companies
        14.1.3 Market Share at Global Level- Key companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Global Macadamias Ingredients Market- Key Company List by Country Premium Premium
16. Global Macadamias Ingredients Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Key Manufacturers Market 2019-2024 ($M)
1.1 ADM Market 2019-2024 ($M) - Global Industry Research
1.2 Olam Market 2019-2024 ($M) - Global Industry Research
1.3 Kanegrade Market 2019-2024 ($M) - Global Industry Research
1.4 Bredabest Market 2019-2024 ($M) - Global Industry Research
1.5 Barry Callebaut Schweiz Market 2019-2024 ($M) - Global Industry Research
1.6 Intersnack Market 2019-2024 ($M) - Global Industry Research
1.7 Borges Market 2019-2024 ($M) - Global Industry Research
1.8 CG Hacking Sons Market 2019-2024 ($M) - Global Industry Research
1.9 Besana Market 2019-2024 ($M) - Global Industry Research
1.10 Voicevale Market 2019-2024 ($M) - Global Industry Research
2.Global By Powder Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Powder Market 2019-2024 ($M) - Global Industry Research
3.2 Pieces Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 ADM Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Olam Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Kanegrade Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Bredabest Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Barry Callebaut Schweiz Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Intersnack Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Borges Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 CG Hacking Sons Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Besana Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Voicevale Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Powder Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Powder Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Pieces Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 ADM Market 2019-2024 ($M) - Regional Industry Research
7.2 Olam Market 2019-2024 ($M) - Regional Industry Research
7.3 Kanegrade Market 2019-2024 ($M) - Regional Industry Research
7.4 Bredabest Market 2019-2024 ($M) - Regional Industry Research
7.5 Barry Callebaut Schweiz Market 2019-2024 ($M) - Regional Industry Research
7.6 Intersnack Market 2019-2024 ($M) - Regional Industry Research
7.7 Borges Market 2019-2024 ($M) - Regional Industry Research
7.8 CG Hacking Sons Market 2019-2024 ($M) - Regional Industry Research
7.9 Besana Market 2019-2024 ($M) - Regional Industry Research
7.10 Voicevale Market 2019-2024 ($M) - Regional Industry Research
8.North America By Powder Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Powder Market 2019-2024 ($M) - Regional Industry Research
9.2 Pieces Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 ADM Market 2019-2024 ($M) - Regional Industry Research
10.2 Olam Market 2019-2024 ($M) - Regional Industry Research
10.3 Kanegrade Market 2019-2024 ($M) - Regional Industry Research
10.4 Bredabest Market 2019-2024 ($M) - Regional Industry Research
10.5 Barry Callebaut Schweiz Market 2019-2024 ($M) - Regional Industry Research
10.6 Intersnack Market 2019-2024 ($M) - Regional Industry Research
10.7 Borges Market 2019-2024 ($M) - Regional Industry Research
10.8 CG Hacking Sons Market 2019-2024 ($M) - Regional Industry Research
10.9 Besana Market 2019-2024 ($M) - Regional Industry Research
10.10 Voicevale Market 2019-2024 ($M) - Regional Industry Research
11.South America By Powder Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Powder Market 2019-2024 ($M) - Regional Industry Research
12.2 Pieces Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 ADM Market 2019-2024 ($M) - Regional Industry Research
13.2 Olam Market 2019-2024 ($M) - Regional Industry Research
13.3 Kanegrade Market 2019-2024 ($M) - Regional Industry Research
13.4 Bredabest Market 2019-2024 ($M) - Regional Industry Research
13.5 Barry Callebaut Schweiz Market 2019-2024 ($M) - Regional Industry Research
13.6 Intersnack Market 2019-2024 ($M) - Regional Industry Research
13.7 Borges Market 2019-2024 ($M) - Regional Industry Research
13.8 CG Hacking Sons Market 2019-2024 ($M) - Regional Industry Research
13.9 Besana Market 2019-2024 ($M) - Regional Industry Research
13.10 Voicevale Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Powder Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Powder Market 2019-2024 ($M) - Regional Industry Research
15.2 Pieces Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 ADM Market 2019-2024 ($M) - Regional Industry Research
16.2 Olam Market 2019-2024 ($M) - Regional Industry Research
16.3 Kanegrade Market 2019-2024 ($M) - Regional Industry Research
16.4 Bredabest Market 2019-2024 ($M) - Regional Industry Research
16.5 Barry Callebaut Schweiz Market 2019-2024 ($M) - Regional Industry Research
16.6 Intersnack Market 2019-2024 ($M) - Regional Industry Research
16.7 Borges Market 2019-2024 ($M) - Regional Industry Research
16.8 CG Hacking Sons Market 2019-2024 ($M) - Regional Industry Research
16.9 Besana Market 2019-2024 ($M) - Regional Industry Research
16.10 Voicevale Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Powder Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Powder Market 2019-2024 ($M) - Regional Industry Research
18.2 Pieces Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 ADM Market 2019-2024 ($M) - Regional Industry Research
19.2 Olam Market 2019-2024 ($M) - Regional Industry Research
19.3 Kanegrade Market 2019-2024 ($M) - Regional Industry Research
19.4 Bredabest Market 2019-2024 ($M) - Regional Industry Research
19.5 Barry Callebaut Schweiz Market 2019-2024 ($M) - Regional Industry Research
19.6 Intersnack Market 2019-2024 ($M) - Regional Industry Research
19.7 Borges Market 2019-2024 ($M) - Regional Industry Research
19.8 CG Hacking Sons Market 2019-2024 ($M) - Regional Industry Research
19.9 Besana Market 2019-2024 ($M) - Regional Industry Research
19.10 Voicevale Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Powder Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Powder Market 2019-2024 ($M) - Regional Industry Research
21.2 Pieces Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
2.Canada Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
3.Mexico Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
4.Brazil Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
5.Argentina Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
6.Peru Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
7.Colombia Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
8.Chile Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
10.UK Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
11.Germany Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
12.France Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
13.Italy Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
14.Spain Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
16.China Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
17.India Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
18.Japan Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
19.South Korea Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
20.South Africa Global Macadamias Ingredients Market Revenue, 2019-2024 ($M)
21.North America Global Macadamias Ingredients By Application
22.South America Global Macadamias Ingredients By Application
23.Europe Global Macadamias Ingredients By Application
24.APAC Global Macadamias Ingredients By Application
25.MENA Global Macadamias Ingredients By Application