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Global Macadamia Market Expected to Reach USD 3,525.1 Million by 2027


Global Macadamia Mar

iCrowdNewswire   Jan 12, 2021  10:00 AM ET

30_Cover Page_Global Macadamia Market

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Macadamia Market by Forms, Application, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 2,259.4 Million in 2019 and is expected to grow at a healthy growth rate of 6.3% by the year 2027. The expansion of the macadamia market is attributed to factors such as increase in consumer preference for healthy foods, growth in vegan diet adoption, and rise in the disposable income. Moreover, rise in consumption of dried fruit & nuts and growth in the demand for beauty & health products are expected to further fuel the market. Unfavorable climatic condition for the production of macadamia can hamper the market.

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The global macadamia market is fragmented based on forms, by application, and region. Based on types, the macadamia market is segmented into raw macadamia, processed macadamia and macadamia oil. On the basis of applications, the macadamia market is bifurcated into food and beverage industry, cosmetics and personal care industry. Based on region, the global macadamia market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, India, Rest of Asia Pacific(APAC). The Europe region is further categorized into Germany, Netherlands, France, Italy, U.K., Spain, Rest of Europe, and the MEA region is further divided GCC Countries, South Africa, Kenya, and rest of Middle East & Africa (MEA).

In year 2020, the Macadamia market is expected to witness the moderate decline due to COVID 19 pandemic for the duration of 2019 to 2020. The COVID-19 pandemic has had a rapid and serious impact on the global manufacturing and food and beverage industry. COVID has caused an economic uncertainty across the globe. In Asia Pacific region the China market alone held around 28% of the market share. Last year about 35% of South Africa’s macadamias were shipped to China. The import duties decreased by China on macadamias imported from South Africa imposed restrictions on agriculture sector. This pandemic has affected the rate of currency.

As per GMR industry analyst Vidya Jadhav, “The Global Macadamia Market is anticipated to witness significant growth during forecast period 2021-2027 driven by the increase in awareness regarding a healthy diet in countries such as India, Japan, and China. Vegan population is rapidly rising in this region; therefore, companies are launching creative vegan products, which in turn, is expected to fuel the macadamia market in the coming years. Moreover, the increasing focus on consumption of healthy nuts as a reliable snacks options is anticipated to create lucrative opportunity for macadamia market.”

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Key Takeaways from the Study:

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Report Scope:

Report Metric

Details

Market Value in 2019

USD 2,259.4 Million

Market Growth Rate (from 2021 to 2027)

6.3 %

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Units Considered

Value (USD Million)

Market Segments

By Forms, By Applications

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, South Korea, India, Australia, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Netherlands, and Rest of Europe, GCC Countries, South Africa, Kenya, Rest of Middle East & Africa (MEA).

Key Companies Profiled

Hamakua Macadamia Nut Company, MacFarms, LLC, Hawaiian Host, Inc., Kenya Nut Company Ltd, Marquis Macadamia, Ivory Macadamias, Golden Macadamias, Eastern Produce., NAMBUCCA MACNUTS Pty Ltd., and Wondaree Macadamia Nuts

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

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Keywords:    Macadamia Market, Macadamia Market analysis, Macadamia Market forecast, Macadamia Market players, Macadamia Market scope, Macadamia Market share, Macadamia Market size, Macadamia Market trends

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