Nuts and seeds market continues to grow

According to a new research report Transparency Market Research has recently published, the global nuts market is expected to grow at a 1.70% CAGR during the period from 2015 to 2021. The report, titled 'Nuts and Seeds Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021', states that the global nuts market was valued at US$1,137.06 billion in 2014 and is predicted to reach US$1,279.4 billion by 2021. The global seeds market stood at US$56.2 billion in 2014 and is expected to reach US$114.2 billion by 2021. The global market for seeds is expected to grow at a 10.0% CAGR during the forecast period.

In terms of volume, the global nuts and seeds market totaled 37.38 million tons in 2014 and is expected to reach 41.34 million tons at a 1.40% CAGR during the forecast period. In terms of volume, the global nuts and seeds market was valued at 4.41 billion kg in 2014 and is predicted to reach 7.86 billion kg by 2021 at a 7.70% CAGR during the forecast period. Over the past few years, there have been changes in the consumption pattern of nuts and seeds amongst people from all over the world. Some of the positive effects of nuts and seeds on the human body are reduced chances of heart diseases, prevention of diabetes, reduced blood cholesterol, and others. The growing demand for genetically modified crops will also help the global nuts and seeds market during the forecast period.

The consumption of seeds and nuts is increasing steadily. As seeds and nuts consist of nutrients such as proteins, fiber, folate, and several essential minerals, they are consumed on a large scale across all regions. Use of seeds in several cooking oils, condiments, and several types of spices will enable rapid development of the global nuts and seeds market during the forecast period. The global nuts and seeds market is segmented on the basis of product type and geography. By product type, the global nuts and seeds market is divided into cashew nuts, peanuts, walnuts, almonds, and macadamia nuts. Cashew nuts held the leading position in the global nuts and seeds market in 2014 and are expected to maintain its position by 2021.