Global Pistachios Market: Industry Analysis and Forecast (2021-2027)

[akash Arjun pingale]

Global Pistachios Market size was valued at US$ 3844.31 Mn. in 2019 and the total revenue is expected to grow at 3.9% through 2021 to 2027, reaching nearly US$ 5220.86 Mn.
Global Pistachios Market Overview:

The Global Pistachios Market is expecting significant growth and it is anticipated to continue this trend over the forecast period. Factors attributing to the growth of the Pistachios Market are growing health consciousness among the people and the presence of various nutritional contents in it like vitamins, fat, and minerals. The Global Pistachios Market is witnessing an increase of 31% in global production accounted for 587,506 MT in 2017 and 771,494 MT in 2018 as per the International Dried Fruits and Nuts Council (IDFNC).

Global Pistachios Market size was estimated at US$ 3844.31 Mn in 2019 and the total revenue is expected to grow at a CAGR of 3.9% through 2021 to 2027, reaching nearly US$ 5220.86 Mn in 2027.

Global Pistachios Market

To know about the Research Methodology :- Request Free Sample Report

2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region
Global Pistachios Market Dynamics:

The pistachios is witnessing significant growth in the global market over the forecast periods owing to the health benefits offered by pistachios like improve metabolism & immune system, reduce risk of heart disease & diabetes, cancer, etc. Also, the changing lifestyle, rapid urbanization, and rising disposable income further fuel the demand of pistachios. Nowadays producers are focusing on the production of low-fat pistachios and ready to serve pistachios to fulfill the rising demand of consumers for a variety of products.

Factors attributing to the growth of this market are the presence of various nutritional contents like vitamins, proteins, and minerals. On the other side, rising need of pistachios in confectionery, dairy, and bakery products will further create new ample opportunities for the growth of pistachio market over the forecast period. Also, the increasing health consciousness among the consumers drives the growth of this market in the global market. Moreover, attractive packaging is another key factor that drives the growth of this market in the global market.

High competition among local players, rising prices and despite innovations traditional pistachios have major share are the biggest constraints for pistachios markets. The worldwide pistachios market is restricted by a lack of knowledge about the presentation and preparation of pistachios, as well as their insignificant distribution across all Channels. Furthermore, knowledge of pistachios utilization is limited to niche markets in industrialized countries, government restrictions and the availability of substitutes are some of the biggest challenges in pistachios market.

Since July 2019, pistachios from the United States have been on the list of pistachios subject to stricter inspection for the presence of aflatoxins (10% of all pistachios must be officially controlled) in Europe.
Global Pistachios Market Segment Analysis:

Based on the Product, the global pistachios market is classified into in-shelled and shelled. Shelled segment dominates the global pistachios market owing to higher production and nutritional value. In 2017, 461 Mn pounds of shelled pistachios, while 139 million pounds of In-Shelled pistachios are sold according to NASS. The In-shelled pistachios are sold for domestic consumption as roasted and salted snack food.

Based on the Distribution Channel, the global pistachios market is segmented into convenience store, modern trade, and online sales. Convenience store segment dominates the global pistachios market. Factors attributing to the growth of this segment are convenience and wide range of products with different prices. Online sales capturing major market share in pistachios due to large number of mobile user and discounted prices. In modern trade producer can directly sale their product to consumers using digital technology. Nowadays it is also popular in many regions.

Global Pistachios Market

Based on the End User, the global pistachios market is divided into bakery & confectionery, breakfast cereals, dairy products, and others. Bakery & Confectionery segment dominates the global pistachios market owing to consist of antioxidants rich in fiber as they help reduce cholesterol levels, keep the sugar controlled, and reduce the risk of diseases like cancer. So, it can be used in many bakery products. It is also used in preparations of many dairy product & beverages due to its health benefits and low-fat content. 34.6% of produced pistachios used in the bakery and confectionery industry.

Global Pistachios Market
Global Pistachios Market Regional Analysis:

North America dominates the global pistachios market due to high production and awareness among the people regarding the health benefits and nutritional value offered by pistachios. In 2020 the market value of pistachios in the US was $ 2100 Mn. United States, Canada, and Mexico are the dominating region of North America in the pistachios market. In America Pistachios consumed as like snacks. United States, Turkey, and Iran account 95 % of production. In 2019, consumption of pistachios in United State was 255k tones. American climate and fertile land is very much suitable for cultivation of pistachios which boost the production.

Europe is expected to remain at the second position during the forecast period. Factors attributing to the strong growth of this region is high production and consumption of pistachios. Nutritional deficiency among European people is one of the reasons for the demand for pistachios in this region. In 2020 the market value of pistachios in Europe is $ 1454 Mn. Germany, Italy, Spain, France, Belgium, and United Kingdom are major producers of pistachios in Europe. European markets average imports have increased by 3.4% every year.

Asia Pacific is witnessing significant growth in the forecast period, owing to the rise in disposable income of consumers and a large number of food processing industries present in the region. Daily consumption of pistachios in developing region is sharply increased from 0.30 kg per person in 1992 to 1.4 kg per person in 2017.

Middle East has huge potential for pistachios market due to climatic conditions and growing health awareness among literate class population.

The objective of the report is to present a comprehensive analysis of the global pistachios market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global pistachios market dynamics, structure by analyzing the market segments and project the global pistachios market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global pistachios market make the report investor’s guide.

for more info:https://www.maximizemarketresearch.com/market-report/global-pistachios-market/114745/

Global Pistachios Market Scope: Inquire before buying

Global Pistachios Market
Global Pistachios Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Pistachios Market Key Players

• Primex Int'l Trading Corp.,
• Horizon Growers,
• Nichols Farms
• Keenan Farms
• Setton Pistachio of Terra Bella Inc.
• Whistler Foods
• Sierra Nut House Inc.
• Houston Pecan Co
• BATES NUT FARM
• Pistachio Provenance
• SANTA BARBARA PISTACHIO COMPANY
• Specialty Food Association Inc.
• Ready Roast Nut Company
• WeGotNuts
• Germack Pistachio Company
FAQ

1. What are the factors responsible for growth of global pistachios market in North America?
Ans: The factors responsible for growth of global pistachios market in North America are awareness about the health benefits offered by pistachios and climate is suitable for cultivation of pistachios.

2. What are the expected growth rate and revenue of global pistachios market from 2021-2027?
Ans: The total revenue is expected to grow at 3.9% through 2021 to 2027, reaching nearly US$ 5220.86 Mn.

3. Why Middle East and Africa Shows slow growth rate over the forecast period?
Ans: Middle East and Africa relatively shows slow growth over the forecast period owing to low economical, industrial and agricultural developments

4. What are the key manufacturing players in the global pistachios market?
Ans: The key manufacturing players in the global pistachios market are Whistler Foods, Sierra Nut House Inc., Houston Pecan Co, BATES NUT FARM, Pistachio Provenance, SANTA BARBARA PISTACHIO COMPANY, Specialty Food Association Inc., Ready Roast Nut Company, WeGotNuts, and Germack Pistachio Company

5. What are the segments for global frozen pistachios market?
Ans: There are two segments in the global frozen pistachios market which are on the basis of Product, Distribution channel, and End User

For More Information Visit @:
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This
report can be personalized to meet your requirements. Get in touch with us and our sales team
will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging
opportunities & technologies as well as threats to the companies across the Healthcare,
Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages,
Aerospace and Defense and other manufacturing sectors.