Global Pine Nuts Market Size, Share, Opportunities, And Trends By Product Type (Raw Pine Nuts, Roasted Pine Nuts, Pine Nut Kernels), By Application (Culinary Use, Snacks, Bakery And Confectionery, Dietary Supplements), By Distribution Channel (Supermarkets And Hypermarkets, Convenience Stores, Online Retail, Specialty Stores, Foodservice And Restaurants), And By Geography - Forecasts From 2023 To 2028

The pine nuts market is projected to grow considerably during the forecast period.

Pine nuts are a well-known foraged food that has been consumed throughout history and the present as well and has been considered a dietary food to many. They offer a rich source of protein and are known for their distinctive, sweet and mild flavour, which can be intensifying when roasted. Different regions have different physical characteristics of the pine nuts, that being in Asian variety are rounder and plumper, European pine nuts that are long and slender, and the American ones that are larger and easier to shell.

Introduction:

The pine nuts market is a huge market with a variety of products and applications. It is known for its nutritional value, which includes a variety of useful proteins such as lipolytic vitamins E and P, E-group vitamins, tocopherols, vitamin D, and many more.  Pine nuts provide a sufficient intake for adult human beings' daily need for amino acids, as well as other important micronutrients such as copper, cobalt, magnesium, and zinc. Since pine nuts have high oil content, they are highly perishable and won't be storable for more than a few weeks of purchase/acquisition. Other applications include using pine nuts as a flavouring ingredient, which have been commonly used in dishes like Pesto, and Pignoli cookies.

Drivers:

• Health benefits associated with pine nuts: Pine nuts provide a variety of useful fats and carbohydrates and also contain good amounts of zinc, magnesium, iron, potassium, fibre and protein, which is beneficial to one’s health. Another factor that can boost the growth in the market is the rising urbanization and obesity rates, which are interrelated with each other. As urbanization grows, the rise for popularity of convenience foods increases, which include processed foods, and ready-to-eat foods. As per the World Health Organization (WHO), the obesity rate has nearly tripled since 1975 worldwide and more than 1.9 billion adults were considered overweight as of 2016. It can be expected to grow due to the rise in urbanization, which accounts for 56.5% in the Americas alone in 2021, and that can lead to increasing awareness about the healthy nutrients and benefits provided by pine nuts.
• Increasing vegan population: As per an article in the World Animal Foundation, it has been found that around 88 million people are considered vegan worldwide, 9% of whom are from India. Since vegans are those individuals who are health conscious and do not consume anything animal-derived, the use of pine nuts in food is expected. As the population is ever increasing, the vegan population is also expected to grow along with it, expecting a steady growth in the awareness of pine nuts and their uses in the market.

Key Players:

• Dashi International: A Pakistani multinational company known for its convenience food products and ingredients production and supply.
• National Resins: An American company known for being the largest grower, processor and packer of dried fruits in the nation of United States.
• Diamond Foods: An American company known for its packaged food, nuts and other snack food worldwide.

Regional Analysis:

Asia Pacific is expected to witness significant growth in the global pine nuts market during the forecasted period 2024-2029. The leading producers of pine kernels are expected to be China, Afghanistan, Pakistan, and Mongolia. They are expected to increase in growth in the forecasted years due to increasing traction of health benefits from pine nuts.

Market Developments:

May 2021: Serbian Green released a pine nut-related product that has been harvested and cold-pressed and is considered a raw, unrefined and vegan form of oil, named Serbian pine nut oil. This will provide a significant boost in the pine nut market and diversify the uses of pine nuts into different industries.

Segmentation:

• By Product Type:
  • Raw Pine Nuts
  • Roasted Pine Nuts
  • Pine Nut Kernels
• By Application:
  • Culinary Use
  • Snacks
  • Bakery and Confectionery
  • Dietary Supplements
• By Distribution Channel:
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
  • Specialty Stores
  • Foodservice and Restaurants
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others