The global Pistachio Market is estimated to be valued at US$ 46.49 Mn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Pistachios are edible seeds that grow within the pods of pistachio trees. They have a pleasant flavor and high nutritional value. Being rich in healthy fats, proteins, vitamins and minerals, pistachios are gaining popularity as a nutritious snack option.

Market key trends:

The global pistachio market is driven by rising health consciousness and awareness about the nutritional benefits of pistachios. Pistachios are cholesterol-free and loaded with antioxidants that can safeguard against disease. They are an excellent source of plant-based protein and support heart health, digestion, skin & hair. Pistachio consumption is linked to reduced risks of obesity, diabetes and certain cancers. Innovations in pistachio-based snack products such as roasted pistachios, salted pistachios and pistachio butters have further fuelled the market growth. Growing availability of pistachios through multiple distribution channels including supermarkets, convenience stores and online retail is also boosting the market.

Segment Analysis

The global pistachio market is segmented into shelled and inshell segments. The shelled segment dominates the market and accounted for nearly two-third of the overall market share in 2022. The dominance of this segment is attributed to growing usage of shelled pistachios in food processing, confectionaries and other culinary preparations. Shelled pistachios provide convenience to end-users for direct consumption and easy incorporation in foods.

Key Takeaways

The global pistachio market is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period, due to increasing demand for plant-based and healthy nuts driven by rising health consciousness.

The Global Pistachio Market Size is estimated at US$ 46.49 Mn in 2023.

The United States represents the largest as well as the fastest growing regional market. The growth in the country can be attributed to increasing consumption of nuts backed by escalating popularity of pistachios among health-conscious consumers.

Key players operating in the pistachio market are The Wonderful Company LLC, Germack Pistachio Company, Primex Farms, LLC, Horizon Growers, Nichols Pistachio, Keenan Farms and Setton Pistachio of Terra Bella Inc. Other players are Santa Barbara Pistachio Company, Hellas Farms LLC, Del Alba International and Ready Roast Nut Company. The Wonderful Company LLC is the leading player with over 50% market share in worldwide production and processing of pistachios.

Get More Insights Here

https://www.newswirestats.com/pistachio-market-size-share-growth-outlook-2023/