A Booming Superfood Industry: The Rise of Tree Nuts
The global tree nuts market size is expected to reach USD 109.7 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.1% from 2022 to 2030. The global market is predominantly driven by the rising awareness regarding health among consumers across the globe. The demand for organic products is increasing at a fast pace and consumers are spending more on chemical-free and organic products, mainly in European and North American countries. Tree nuts, acclaimed for their health benefits, convenience, and as a source of plant-based protein, offer consumers a nutritious, ethical, and delightful snack option. With a favorable climate and a growing market, American tree nut farms are valuable assets poised for expansion. Moreover, environmentally conscious consumers are leaning heavily toward plant-based protein options in order to reduce their carbon footprints. Nearly half of adults want to increase their intake...