Dried Pistachio Snack Market - Forecast(2023 - 2028)
Dried Pistachio Snack Market Overview
The Dried Pistachio Snack Market size is estimated to reach $1,432 million by 2027. Furthermore, it is poised to grow at a CAGR of 4.6% over the forecast period of 2022-2027. Pistachios are edible seeds that contain a good amount of protein, carbohydrates, saturated fatty acids, potassium, dietary fiber, and antioxidants. Pistachio helps in reducing the risk of cancer, diabetes, and many other diseases. Pistachios are one of the oldest edible nuts which are commonly used all over the world. Pistachios are a type of dried nuts, a hard outer shell, and a sweet kernel inside that are commonly eaten as a snack. Pistachios have a number of health benefits, including improved digestion, weight control, macular degeneration prevention, and hypertension prevention supporting the Global Dried Pistachio Snack industry. It also improves the health of the blood, the brain, and the skin. Pistachios are abundant in monounsaturated fat, fiber, thiamin, vitamin B6, as well as minerals including phosphorus, potassium, copper, manganese, and have a great flavor. Nowadays, pistachio is used for snacking purposes. Pistachio is also used in oat bars that make its taste slightly sweet, nutty, oaty, and very delicious. Pistachio helps in reducing weight as it contains unsaturated fat which curbs hunger and cravings. Pistachio quality has also improved in recent years which has led to a 10% increase in consumption for the snacking category. The robust growth in the use of pistachio in snacking, bakery, cooking, confectionery, and others. are some of the factors driving the global dried pistachio snack Industry forward in the projected period of 2022-2027.
Dried Pistachio Snack Market Report Coverage
The report: “Dried Pistachio Snack Market Forecast
(2022-2027)", by
Industry ARC covers an in-depth analysis of the following segments of the Global
Dried Pistachio Snack industry.
By Product- Original, and Flavored.
By Distribution
Channel- Supermarkets, Specialty
Stores, Online channel, and Others.
By
Geography- North America (U.S., Canada, Mexico), Europe (Germany,
United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia
Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest
of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America),
and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021. It is owing to rising trends of consuming healthy snacks as people are concerned about their health which increases the use of dried pistachio snacks. In North America, the climate is hot, dry, and moderately cold winters which increase the production of pistachio as the weather is ideal for growing pistachio. Recently, the consumption of pistachio increased rapidly in the U.S. which gives rise to the use of pistachio for snacking purposes.
- The robust growth in the food industry has increased the adoption of dried pistachio are some of the factors driving the dried pistachio snack Market. However, the High cost of pistachio is one of the factors impeding the market growth.
- A detailed
analysis of strengths, weaknesses, opportunities, and threats will be provided
in the Dried Pistachio Snack Market Report.
Dried Pistachio Snack Market- Geography (%) for 2021.
Dried Pistachio Snack Market Segment Analysis - By Product
The global
dried pistachio snack market based on the product can be further segmented into
Original, and Flavored. Flavored held a dominant market share in the year 2021.
Recently, the trend of consuming healthy snacks increased but people need some
snacks which are healthy as well as tasty also. So, manufacturers offer a variety
of flavored pistachio snacks which makes consumers attracted towards the
product and thus increases the sales of the product. There is a variety of flavors
available such as salted flavored, pepper flavored, saffron-flavored and many
more so, consumers have more options to choose their flavor. These factors help
in surging the adoption of flavored dried pistachio.
However, Original
is estimated to be the fastest-growing, with a CAGR of 5.9% over the forecast
period of 2022-2027. The demand for original dried pistachio snack increases as
it is pure and does not contain any unhealthy ingredients. Recently, people are
suffering from many diseases such as cancer, diabetes, etc. which gives rise to the use of original products which is healthy. Thus, the adoption of the original
dried pistachio snack increases rapidly.
Dried Pistachio Snack Market Segment Analysis - By Distribution Channel
The global
dried pistachio snack market based on distribution channels can be further
segmented into Supermarkets, Specialty Stores, Online channels, and Others. Supermarkets
held a dominant market share in the year 2021. Supermarkets held a dominant
market share in the year 2021. It is owing to various factors such as increased
consumer awareness of health benefits which will lead them to purchase dried
pistachio and the availability of a variety of flavors helps to satisfy taste
requirements. Over the next decade, these factors are expected to drive this
segment's growth. This application is applicable to all retail establishments,
including supermarkets and hypermarkets.
However, Online Channel is estimated to be the fastest-growing, with a
CAGR of 6.2% over the forecast period of 2022-2027. Recently, people are
preferring to buy products online as they don’t have enough time to visit shops
owing to their busy schedules. In today’s generation, technology is advanced so
people are using more online channels to buy a variety of products. In online
sales channels, there are suitable options for every taste requirement so, it
becomes easy for customers to choose according to their needs. This factor
gives rise to the adoption of online channels in day-to-day life.
Dried Pistachio Snack Market Segment Analysis - By Geography
The global dried pistachio snack market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 39% in the year 2021 as compared to its other counterparts. It is owing to rising trends of consuming healthy snacks as people are concerned about their health which increases the use of dried pistachio snacks. In North America, the climate is hot, dry, and moderately cold winters which increase the production of pistachio as the weather is ideal for growing pistachio. Recently, the consumption of pistachio increased rapidly in the U.S. which gives rise to the use of pistachio for snacking purposes. Owing to such reasons, the projected period of 2022-2027 would prove beneficial for North America.
Dried Pistachio Snack Market Drivers
Rising trends of consuming healthy snacks have readily aided the market growth
In contemporary society, people are becoming more conscious of their health. Also, following a balanced diet plays a significant part in regular body functioning and maintaining health, which has led to an increase in the consumption of dried pistachio snacks in recent years. Pistachios provide a number of benefits, including a lower risk of cardiovascular disease, diabetes, as well as enhanced digestion, immunity, anxiousness, all of which helps to aid in body metabolism. One of the most noticeable trends in the worldwide pistachio market is that numerous food companies, particularly in the snack and dessert industries, are focusing their efforts on developing pistachio-flavored items in order to capitalize on flavor. The demand for on-the-go nutritious convenience foods and snacks is increasing owing to changing consumer lifestyles, increased urbanization, and high disposable income. Rapid urbanization changed consumption habits among consumers and boosted their willingness to spend. This, in turn, is increasing disposable money among consumers, resulting in greater spending by the ultimate consumer on healthy snacks.
The growing vegan population is set to drive the market growth
Growing
consumer interest in plant-based products and shifting customer attitudes
toward meat substitutes helps to develop the industry. Recently, the vegan population
increased by 40% in 2020 which gives rise to the adoption of plant-based products
and thus increased the need for dried pistachio snacks products. Companies are
also focusing on manufacturing products that are vegan-based as people are
looking for more plant-based products. In 2020, the sales of plant-based
products increased by 27% which is further surging the demand of the global dried
pistachio snack market.
Dried Pistachio Snack Market Challenges
The high cost of pistachio snacks is one of the factors impeding the market growth
The high cost
of pistachio is owing to its long time to grow and requires more labor.
Recently, the demand for pistachio is increasing rapidly and in order to meet
this demand, the producers of pistachio need to wait for years before
harvesting a new crop of nuts. Also, it is difficult for pistachio farms to
expand or increase their business and growing production capabilities which
further increases the prices of pistachio. In India, the price of pistachio is
in the range of Rs900- to Rs 960 per kg which is very expensive and thus
hampering the market growth.
Dried Pistachio Snack Industry Outlook
Product
launches, mergers and acquisitions, joint ventures, and geographical expansions
are key strategies adopted by players in the Global Dried Pistachio Snack
Market. Global Dried Pistachio Snack top 10 companies include:
- Wonderful Pistachios,
- Omay Foods,
- Setton Farms,
- Bajaj Food Group,
- Kraft Foods,
- Rosca Pistachio,
- Forest Feast,
- Eden Organic,
- Frubee,
- Bai Cao Wei
Recent Developments
- In March 2021,
Wonderful Pistachios launched two flavors to
balance sour and savory in pistachio which increases the adoption of pistachio
snacks among consumers. In addition, pistachios are known for their protein
powder, fiber, and unsaturated fats for a combination that helps to keep people
feeling fuller longer.
- In December 2020, Setton Farms announced the debut of three new dark chocolate varieties to their growing selection of pistachio offerings. This dark chocolate with pistachio helps people to satisfy their cravings.
Relevant Titles
Pistachio Nuts Market- Forecast (2022-2027)
Report Code- FBR 37424
Packaged
Nuts & Seeds Market- Forecast (2022-2027)
Report Code- FBR 0117
Edible Nuts Market - Forecast (2022 - 2027)
Report Code- FBR 92267
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Rostaa Market 2019-2024 ($M) - Global Industry Research
1.2 Setton Farm Market 2019-2024 ($M) - Global Industry Research
1.3 Forest Feast Market 2019-2024 ($M) - Global Industry Research
1.4 Eden Organic Market 2019-2024 ($M) - Global Industry Research
1.5 Planters Market 2019-2024 ($M) - Global Industry Research
1.6 Goral Market 2019-2024 ($M) - Global Industry Research
1.7 Food Studio Market 2019-2024 ($M) - Global Industry Research
1.8 Frubee Market 2019-2024 ($M) - Global Industry Research
1.9 Roopam Market 2019-2024 ($M) - Global Industry Research
1.10 Bai Cao Wei Market 2019-2024 ($M) - Global Industry Research
1.11 Lai Yi Fen Market 2019-2024 ($M) - Global Industry Research
1.12 Life Fun Market 2019-2024 ($M) - Global Industry Research
1.13 Shan Wei Ge Market 2019-2024 ($M) - Global Industry Research
1.14 Yan Jin Pu Zi Market 2019-2024 ($M) - Global Industry Research
1.15 Three Squirrels Market 2019-2024 ($M) - Global Industry Research
1.16 Miss Yao Market 2019-2024 ($M) - Global Industry Research
2.Global By Original Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Original Market 2019-2024 ($M) - Global Industry Research
3.2 Flavored Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Rostaa Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Setton Farm Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Forest Feast Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Eden Organic Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Planters Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Goral Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Food Studio Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Frubee Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Roopam Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Bai Cao Wei Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Lai Yi Fen Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 Life Fun Market 2019-2024 (Volume/Units) - Global Industry Research
4.13 Shan Wei Ge Market 2019-2024 (Volume/Units) - Global Industry Research
4.14 Yan Jin Pu Zi Market 2019-2024 (Volume/Units) - Global Industry Research
4.15 Three Squirrels Market 2019-2024 (Volume/Units) - Global Industry Research
4.16 Miss Yao Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Original Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Original Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Flavored Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Rostaa Market 2019-2024 ($M) - Regional Industry Research
7.2 Setton Farm Market 2019-2024 ($M) - Regional Industry Research
7.3 Forest Feast Market 2019-2024 ($M) - Regional Industry Research
7.4 Eden Organic Market 2019-2024 ($M) - Regional Industry Research
7.5 Planters Market 2019-2024 ($M) - Regional Industry Research
7.6 Goral Market 2019-2024 ($M) - Regional Industry Research
7.7 Food Studio Market 2019-2024 ($M) - Regional Industry Research
7.8 Frubee Market 2019-2024 ($M) - Regional Industry Research
7.9 Roopam Market 2019-2024 ($M) - Regional Industry Research
7.10 Bai Cao Wei Market 2019-2024 ($M) - Regional Industry Research
7.11 Lai Yi Fen Market 2019-2024 ($M) - Regional Industry Research
7.12 Life Fun Market 2019-2024 ($M) - Regional Industry Research
7.13 Shan Wei Ge Market 2019-2024 ($M) - Regional Industry Research
7.14 Yan Jin Pu Zi Market 2019-2024 ($M) - Regional Industry Research
7.15 Three Squirrels Market 2019-2024 ($M) - Regional Industry Research
7.16 Miss Yao Market 2019-2024 ($M) - Regional Industry Research
8.North America By Original Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Original Market 2019-2024 ($M) - Regional Industry Research
9.2 Flavored Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Rostaa Market 2019-2024 ($M) - Regional Industry Research
10.2 Setton Farm Market 2019-2024 ($M) - Regional Industry Research
10.3 Forest Feast Market 2019-2024 ($M) - Regional Industry Research
10.4 Eden Organic Market 2019-2024 ($M) - Regional Industry Research
10.5 Planters Market 2019-2024 ($M) - Regional Industry Research
10.6 Goral Market 2019-2024 ($M) - Regional Industry Research
10.7 Food Studio Market 2019-2024 ($M) - Regional Industry Research
10.8 Frubee Market 2019-2024 ($M) - Regional Industry Research
10.9 Roopam Market 2019-2024 ($M) - Regional Industry Research
10.10 Bai Cao Wei Market 2019-2024 ($M) - Regional Industry Research
10.11 Lai Yi Fen Market 2019-2024 ($M) - Regional Industry Research
10.12 Life Fun Market 2019-2024 ($M) - Regional Industry Research
10.13 Shan Wei Ge Market 2019-2024 ($M) - Regional Industry Research
10.14 Yan Jin Pu Zi Market 2019-2024 ($M) - Regional Industry Research
10.15 Three Squirrels Market 2019-2024 ($M) - Regional Industry Research
10.16 Miss Yao Market 2019-2024 ($M) - Regional Industry Research
11.South America By Original Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Original Market 2019-2024 ($M) - Regional Industry Research
12.2 Flavored Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Rostaa Market 2019-2024 ($M) - Regional Industry Research
13.2 Setton Farm Market 2019-2024 ($M) - Regional Industry Research
13.3 Forest Feast Market 2019-2024 ($M) - Regional Industry Research
13.4 Eden Organic Market 2019-2024 ($M) - Regional Industry Research
13.5 Planters Market 2019-2024 ($M) - Regional Industry Research
13.6 Goral Market 2019-2024 ($M) - Regional Industry Research
13.7 Food Studio Market 2019-2024 ($M) - Regional Industry Research
13.8 Frubee Market 2019-2024 ($M) - Regional Industry Research
13.9 Roopam Market 2019-2024 ($M) - Regional Industry Research
13.10 Bai Cao Wei Market 2019-2024 ($M) - Regional Industry Research
13.11 Lai Yi Fen Market 2019-2024 ($M) - Regional Industry Research
13.12 Life Fun Market 2019-2024 ($M) - Regional Industry Research
13.13 Shan Wei Ge Market 2019-2024 ($M) - Regional Industry Research
13.14 Yan Jin Pu Zi Market 2019-2024 ($M) - Regional Industry Research
13.15 Three Squirrels Market 2019-2024 ($M) - Regional Industry Research
13.16 Miss Yao Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Original Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Original Market 2019-2024 ($M) - Regional Industry Research
15.2 Flavored Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Rostaa Market 2019-2024 ($M) - Regional Industry Research
16.2 Setton Farm Market 2019-2024 ($M) - Regional Industry Research
16.3 Forest Feast Market 2019-2024 ($M) - Regional Industry Research
16.4 Eden Organic Market 2019-2024 ($M) - Regional Industry Research
16.5 Planters Market 2019-2024 ($M) - Regional Industry Research
16.6 Goral Market 2019-2024 ($M) - Regional Industry Research
16.7 Food Studio Market 2019-2024 ($M) - Regional Industry Research
16.8 Frubee Market 2019-2024 ($M) - Regional Industry Research
16.9 Roopam Market 2019-2024 ($M) - Regional Industry Research
16.10 Bai Cao Wei Market 2019-2024 ($M) - Regional Industry Research
16.11 Lai Yi Fen Market 2019-2024 ($M) - Regional Industry Research
16.12 Life Fun Market 2019-2024 ($M) - Regional Industry Research
16.13 Shan Wei Ge Market 2019-2024 ($M) - Regional Industry Research
16.14 Yan Jin Pu Zi Market 2019-2024 ($M) - Regional Industry Research
16.15 Three Squirrels Market 2019-2024 ($M) - Regional Industry Research
16.16 Miss Yao Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Original Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Original Market 2019-2024 ($M) - Regional Industry Research
18.2 Flavored Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Rostaa Market 2019-2024 ($M) - Regional Industry Research
19.2 Setton Farm Market 2019-2024 ($M) - Regional Industry Research
19.3 Forest Feast Market 2019-2024 ($M) - Regional Industry Research
19.4 Eden Organic Market 2019-2024 ($M) - Regional Industry Research
19.5 Planters Market 2019-2024 ($M) - Regional Industry Research
19.6 Goral Market 2019-2024 ($M) - Regional Industry Research
19.7 Food Studio Market 2019-2024 ($M) - Regional Industry Research
19.8 Frubee Market 2019-2024 ($M) - Regional Industry Research
19.9 Roopam Market 2019-2024 ($M) - Regional Industry Research
19.10 Bai Cao Wei Market 2019-2024 ($M) - Regional Industry Research
19.11 Lai Yi Fen Market 2019-2024 ($M) - Regional Industry Research
19.12 Life Fun Market 2019-2024 ($M) - Regional Industry Research
19.13 Shan Wei Ge Market 2019-2024 ($M) - Regional Industry Research
19.14 Yan Jin Pu Zi Market 2019-2024 ($M) - Regional Industry Research
19.15 Three Squirrels Market 2019-2024 ($M) - Regional Industry Research
19.16 Miss Yao Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Original Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Original Market 2019-2024 ($M) - Regional Industry Research
21.2 Flavored Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)2.Canada Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
3.Mexico Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
4.Brazil Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
5.Argentina Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
6.Peru Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
7.Colombia Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
8.Chile Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
10.UK Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
11.Germany Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
12.France Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
13.Italy Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
14.Spain Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
16.China Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
17.India Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
18.Japan Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
19.South Korea Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
20.South Africa Global Dried Pistachio Snack Market Revenue, 2019-2024 ($M)
21.North America Global Dried Pistachio Snack By Application
22.South America Global Dried Pistachio Snack By Application
23.Europe Global Dried Pistachio Snack By Application
24.APAC Global Dried Pistachio Snack By Application
25.MENA Global Dried Pistachio Snack By Application