Global Pistachio Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Pistachio Market: Overview
“The global Pistachio market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Pistachios are seeds of the pistachio vera plant. Pistachios consists of antioxidants are rich in fiber as they are helpful in reducing cholesterol levels, and keeps the sugar controlled and reduces the risk of diseases like cancer.
Pistachios are mostly consumed among type 2 diabetes patients. Pistachios comprise many nutrients including dietary fibers, proteins, xanthophyll carotenoids, manganese, iron, vitamin K, vitamin B-6, and phosphorus.
These pistachios have many advantages which consist of reduced risk of cardiovascular diseases and diabetes, improved digestion system, immune system, and nervous. This pistachio is also helpful in improving body metabolism.
Global Pistachio Market: Dynamics
Rising awareness about the advantages of consuming pistachio and a rising number of health-conscious consumers coupled with an increasing number of consumers detecting that the pistachios as a culpability-free and rich source of nutrients are the major factors expected to drive the target market.
In addition, rising usages of pistachio as a flavoring agent in the bakery product coupled with rising consumption of pistachio as a snack are some of the other factors expected to drive the demand for the pistachio.
Furthermore, the growing demand for pistachio oil in the food and cosmetic industry is among the other factor expected to drive the growth of the target market. However, the high cost of pistachios as compared to other nuts and the impurity of pistachios by hazardous substances including aflatoxins are major factors that could restrain the growth of the target market.
One of the major trends observed in the global pistachio market is several food producers, especially in the snacks and dessert area, are shifting their attention toward rolling out pistachio-flavored products, in a bid to capitalize on flavor.
Global Pistachio Market: Segment Analysis
Among the form segments, the whole segment is dominating the global market in terms of revenue share. Among the end-use industries, bakery and confectionery are dominating the global market in terms of revenue share.
As there is high demand for pistachios in bakery and confectionaries. This is the factor expected to drive the growth of the end-use industries segment. Among distribution channel segments wholesaler/distributor segment is dominating the global market in terms of revenue share.
Global Pistachio Market: Regional Analysis
Currently, the North American market is accounted for the major share and is expected to drive growth over the forecast period as many of the consumers are becoming more health-conscious and is resulting in higher demand for nutritious food coupled with as pistachio is widely used as a flavoring agent in a bakery product such as biscuits, pastries, cookies in countries in the region.
The Asia Pacific market is expected to register the fastest growth in revenue in the near future due to rising disposable income and increasing food and beverages expenditures. These factors drive the growth of the target market in the Asia Pacific region.
Global Pistachio Market Segmentation:
Segmentation by form:
Segmentation by end-use industries:
- Bakery and Confectionery
- Flavored Drink
- Breakfast Cereals
- Butter and Speed
- Dairy Products
Segmentation by distribution channel:
- Modern Trade
- Convenience Stores
- Online Sales
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Germack Pistachio Company
- Santa Barbara Pistachio Company
- The Wonderful Company LLC
- Hellas Farms LLC
- Keenan Farms Inc.
- Farm Fresh Nuts
- Setton Pistachio of Terra Bella, Inc.
- Pistachio Provenance
- Ready Roast Nut Company, LLC
- Whistler Foods Co.
- Bates Nut Farm
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