Macadamia Market Size, Share, Growth, Trends, and Forecast to 2022-2028

Macadamia Market

Global Macadamia Market By Processing Outlook (Conventional and Organic), By Product Outlook (Raw, Roasted, and Coated), By Distribution Channel Outlook (Online and Offline). and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2028

Category: Food & Beverage Report Format : PDF Pages: 172 Report Code: ZMR-2195 Published Date: May-2022 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 1.12 Billion USD 2.1 Billion 10.9% 2022

Industry Prospective:

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.

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Macadamia Market: Overview

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.

COVID-19 Impact:

The COVID-19 pandemic has impacted the export and import of the macadamia market due to the trade restrictions implemented in several countries. The global supply chain of macadamia nuts and its products has been disrupted due to the lockdown scenario as well as the import duties implemented by China on South African macadamia have created constraints in the market. It is anticipated that the global macadamia nuts market will experience a slow growth rate owing to the country lockdown imposed in Australia. As Australia is the main producer of macadamia nuts, the manufacturers will face the challenges while exporting the macadamia nuts across the globe. After the situation gets better, and the widespread coronavirus stops, the global macadamia nuts market will have increased demand and will have a stringent growth rate over the next couple of years.

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Macadamia Market: Growth Drivers

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.

Macadamia Market: Restraints

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.

Macadamia Market: Segmentation

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.

Global Macadamia Market Report Scope:

Report Attributes Report Details
Report Name Macadamia Market
Market Size in 2021 USD 1129.5 Million
Market Forecast in 2028 USD 2101.23 Million
Compound Annual Growth Rate CAGR of 10.9%
Number of Pages 172
Forecast Units Value (USD Million), and Volume (Units)
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.
Segments Covered By Product, By Distribution Channel, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization


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Regional Landscape

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.

Competitive Landscape

Some of the main competitors dominating 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.

Global private macadamia market is segmented as follows:

By Processing Outlook

  • Conventional
  • Organic

By Product Outlook

  • Raw
  • Roasted
  • Coated

By Distribution Channel Outlook

  • Online
  • Offline

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

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.

According to the Market Research report, 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 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. It is followed by North America and Europe.

Some of the main competitors dominating 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.

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