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The tree nuts market size is forecast to increase by USD 24.67 billion at a CAGR of 8.09% between 2023 and 2028. The market is witnessing significant growth due to the rising demand for whole tree nuts, splits, sweet almonds, and bitter almonds in various industries. Innovative flavors and uses of tree nuts in snacks, confectionery, bakery products such as cakes, pastries, cookies, and meal replacement bars are driving market expansion. However, the presence of potential allergens, particularly prussic acid in bitter almonds, poses a challenge to market growth. Additionally, the increasing use of tree nut oils in the cosmetics industry is another growth factor. Tree nuts are increasingly being used as vegan alternatives in snacks, appealing to the health-conscious millennial population. Despite these opportunities, it is crucial to ensure proper processing and labeling to mitigate potential health risks.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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