Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.58 Billion | USD 7.49 Billion | 11.4% | 2024 |
The global macadamia market was worth around USD 2.58 Billion in 2024 and is estimated to grow to about USD 7.49 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 11.4% between 2025 and 2034. 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.
Macadamia nuts are the fruits of macadamia tree which is native to eastern Australia. Macadamia nuts are round and shiny of approximate 1-inch diameter and have a leathery, thick husk that splits alongside during the ripening process. Macadamia is commercially produced in Hawaii. Once the macadamia nuts are matured they fall on the ground. The matured nuts are then machine-hulled, dried, and stored for processing.
Growing awareness regarding the benefits of nuts and dried fruits
The growing awareness about the benefits of macadamia nuts is one of the major factors driving the growth of the market. Macadamia is a rich source of numerous essential nutrients and is also known to lower heart disease risks, which is making the customers attracted to macadamia nuts.
Growing use of macadamia nuts in the confectionery products due to its nutritional values and rising demand for the macadamia in the skin products owing to its natural oil and vitamin content are the key factors that are expected to positively impact the global macadamia market. Moreover, the growing awareness among consumers about natural cosmetic ingredients and healthy food with high content of vitamins and minerals is expected to drive the demand for macadamia in the near future. However, fluctuation in supply due to increasing crop losses leads to rising prices, which is expected to restrain the growth of the macadamia market during the forecast period.
Adverse climatic conditions
Climatic conditions suitable for macadamia production may limit its growth to certain parts, thereby, restricting the macadamia market. Higher day temperatures of more than 30 degrees Celsius have already been linked to excessive water loss from the macadamia plants. Such moisture losses result in a disproportional supply of nutrients within the macadamia nut, limiting oil buildup and negatively affecting the nut quality.
The global macadamia market is segregated based on Processing Outlook, Product Outlook, and Distribution Channel Outlook.
By Processing Outlook, the global market is distinguished into Conventional and Organic. The conventional segment led the market and accounted for a share of more than 80 percent. These macadamia nuts are budget-friendly for consumers and more readily available in comparison to their organic counterparts. Most small-scale domestic players produce conventional macadamia nuts, and their dominance can be seen on the shelves of supermarkets and hypermarkets. The shifting consumer preference toward healthier snacking options has been boosting the demand for conventional macadamia nuts globally.
By Product Outlook, the global market is segregated into Raw, Roasted, and Coated. Raw macadamia nut is expected to dominate the market in the forecast period. The health benefits associated with macadamia nuts are boosting their widespread adoption. Because of their high-fat content, macadamias have become increasingly popular. Macadamia nuts have the highest fat content of any nut, which is why they were once thought to be unhealthy. In actuality, the bulk of that fat is cholesterol-free and contains palmitoleic acid, which can assist your body to maintain proper insulin levels and improve your metabolism.
Report Attributes | Report Details |
---|---|
Report Name | Macadamia Market |
Market Size in 2024 | USD 2.58 Billion |
Market Forecast in 2034 | USD 7.49 Billion |
Growth Rate | CAGR of 11.4% |
Number of Pages | 172 |
Key Companies Covered | 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., and others. |
Segments Covered | By Processing Outlook, By Product Outlook, By Distribution Channel Outlook, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific dominated the market and held a share of more than 40%. The growing awareness of diets rich in nutrients and protein, along with the rising inclusion of tree nuts in diets across the Asia Pacific region, is expected to drive the Asia Pacific market. In the Asia Pacific region, Australia has been the largest producer of the macadamia market. The Australian macadamia crop has grown steadily since 2015, driven largely by sustained investment in productivity improvements. therefore, doubling the export of tree nuts. Moreover, the rising awareness about healthy eating, dieting, and working out are factors that contribute to the growth of this market. A hindrance to this growth could be the increasing westernization of local culture that calls for fast lifestyles and an unhealthy focus on work by individuals. North America held the second-largest share. Tree nut consumption in North America accounted for more than 20% of global tree nut consumption. It is followed by Europe which is the second-largest importer of macadamia nut kernels.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the macadamia market on a global and regional basis.
Some of the main competitors dominating the global macadamia market include –
By Processing Outlook
By Product Outlook
By Distribution Channel Outlook
By Region
FrequentlyAsked Questions
The global macadamia market is expected to grow due to growing demand for premium nuts, rising health-conscious consumer base, and expanding applications in food, cosmetics, and personal care industries.
According to a study, the global macadamia market size was worth around USD 2.58 Billion in 2024 and is expected to reach USD 7.49 Billion by 2034.
The global macadamia market is expected to grow at a CAGR of 11.4% during the forecast period.
Asia-Pacific is expected to dominate the macadamia market over the forecast period.
Leading players 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., among others.
The report explores crucial aspects of the macadamia market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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