11-May-2022 | Zion Market Research
The global macadamia market was worth around USD 1129.5 million in 2021 and is estimated to grow to about USD 2101.239287 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.9 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.
Macadamia is an Australian rainforest tree with slender, glossy evergreen leaves and globular edible nuts. The macadamia trees mainly produce macadamia nuts recognized by different names such as Queensland nut, bush nut, maroochi nut, bauple nut, and Hawaii nut. They are round and have a leathery and thick husk that splits alongside during the ripening process. Macadamia nuts are reaped mechanically or gathered from the ground in different stages throughout the entire year, depending on the country of origin. Because flowering occurs over several months, macadamia nuts mature and drop to the ground over an extended period, so they must be harvested regularly. The macadamia nuts are consumed as a snack, breakfast topping, in the salad, roasted, salted, raw, and processed products. The use of macadamia nuts in various breakfast and dietary recipes is also increasing due to the high nutritional quotient of the nuts. The largest producers of macadamia nuts are Australia and South Africa, followed by China, Kenya, the USA (Hawaii), Guatemala, Vietnam, and Malawi.
An increase in the demand for macadamia in the food and beverages industry and cosmetic industry, growing awareness about the health benefits of nuts and dried fruits, an increase in the government initiatives, growing demand for macadamia oil in the pharmaceutical industry, and an increase in the demand for natural products are the factors that are set to drive the growth of the global market for the forecast period 2021-2028. These nuts are most popular in Australia as it is the leading producer of macadamia nuts across the globe. The roasted form of macadamia nuts is the most popular snack in the world. Meanwhile, some consumers are also using macadamia nuts for medicinal purposes. The medicinal properties of these nuts help to lower the cholesterol level, and the consumption of these nuts also helps in the weight management program.
The global macadamia market is segregated based on Processing Outlook, Product Outlook, and Distribution Channel Outlook. Based on Processing Outlook, the global market is distinguished into Conventional and Organic. Based on Product Outlook, the global market is segregated into Raw, Roasted, and Coated. Based on Distribution Channel Outlook, the global market is bifurcated into Online and Offline.
The Asia Pacific and Australia are presently global leaders in the macadamia market. This can be accredited to the increased acceptance of a healthy lifestyle among the regional population that is demanding organic additives to daily consumption plans. The consumption of macadamia nuts has been increasing in China, Japan, Vietnam, Australia, South Korea, Malaysia, Thailand, and Singapore. This growing consumption is attributed to the increased penetration of macadamia nuts in the regular diet of the people in these countries. Australia is the world’s largest producer and exporter of macadamia nuts. It is followed by North America and Europe.
Key players functioning in the global macadamia market include Hawaiian Host Group; Health and Plant Protein Group Limited; Superior Nut Company, Inc.; Hamakua Macadamia Nut Company; North Shore Macadamia Nut Company; T.M. Ward Coffee Company; Makua Coffee; Macadamia.US; and Mac's Nut Co. of Hawaii.
Browse the full “Global Macadamia Market By Processing Outlook (Conventional and Organic), By Product Outlook (Raw, Roasted, and Coated), By Distribution Channel Outlook (Online and Offline).” Report at https://www.zionmarketresearch.com/report/macadamia-market
Global private macadamia market is segmented as follows:
By Processing Outlook
By Product Outlook
By Distribution Channel Outlook
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