Global Pistachio Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Pistachio Market 2021 (Includes Business Impact of COVID-19)
Global Pistachio Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global pistachio market report has been segmented on the basis of form, end-use industries, distribution channel, and region.
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The global Pistachio market size was valued at USD$ 6.27 billion in 2020 and is projected to reach UDS$9.01 billion by 2030, and is anticipated to expand at a CAGR of 3.47% over the forecast period from 2020 to 2030.


Global Pistachio Market: Overview


Pistachios are seeds of 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 comprises of 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 advantages by consuming pistachio and rising number of health conscious consumers coupled with increasing number of consumers detecting that the pistachios as 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 demand of the pistachio. Furthermore, growing demand for pistachio oil in food and cosmetic industry is among the other factor expected to drive the growth of the target market. However, high cost of pistachios as compared to other nuts and impurity of pistachios by hazardous substance including aflatoxins are a major factor that could restraining the growth of the target market.

One of the major trend observed in the global pistachio market are several of the food producers, especially in snacks and dessert area, are shifting their attention towards rolling out pistachio-flavored products, in a bid to capitalize on flavor.


Global Pistachio Market: Segment Analysis


Among the form segments, whole segment is dominating in the global market in terms of revenue share. Among the end-use industries, bakery and confectionary is dominating in 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 end-use industries segment. Among distribution channel segment wholesaler/distributer segment is dominating in the global market in terms of revenue share.


Global Pistachio Market: Regional Analysis



Currently, North America 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. Asia Pacific market in expected to register fastest growth in terms of revenue in the near future due to rising disposable income and increasing food and beverages expenditures are the factors which drive the growth of the target market in Asia Pacific region.


Below are the active patents related to Pistachio Market.


Patent Number: US7357952B2

Methods for splitting pistachio nuts

Abstract

The present invention discloses methods for artificially splitting nuts in a manner that ensures that the nuts split in the same manner as naturally split nuts. The methods include placing a batch of closed-shell nuts into a water filled vessel, sealing it, and reducing the pressure inside the vessel by removing air. This also causes air to be removed from inside the nuts. The air pressure in the vessel is then normalized, causing the air removed from the nuts to be replaced with water from the vessel. The nuts are then promptly transferred from the vessel and exposed to forces that cause the water inside the nuts to rapidly expand, creating internal pressure that forces the shells to split open along the longitudinal suture of the nut. The internal pressure can be created by the application of microwave radiation on the nut, thereby turning the water within the nut into water vapor, or by subjecting the nuts to a rapid decrease in temperature, thereby causing the water within the nuts to freeze and creating the internal pressure required to split open the shell of the nut. An alternative embodiment provides methods for completely splitting partially-split nut shells.

Application filed Date: 2005-02-16

Application granted: 2008-04-15

Inventor: Ahmad ForoutanaliabadAnahita Foroutanaliabad

Global Pistachio Market Segmentation:

Segmentation by form:

  
Whole
  
Powdered
  
Roasted
  
Splits

Segmentation by end-use industries:

  
Bakery and Confectionery
  
Flavored Drink
  
Breakfast Cereals
  
Snacks
  
Butter and Speed
  
Dairy Products

Segmentation by distribution channel:

  
Wholesaler/Distributer
  
Modern Trade
  
Convenience Stores
  
Online Sales


Key Market Players included in the report:


  
Bates Nut Farm
  
Farm Fresh Nuts
  
Germack Pistachio Company
  
Hellas Farms LLC
  
Horizon Growers
  
Houston Pecan Company
  
Keenan Farms Inc.
  
Meridian Growers LLC
  
Nichols Farms
  
Pistachio Provenance
  
Primex Intl Trading Corp.
  
Rasha Pistachio Co.
  
Ready Roast Nut Company
  
Santa Barbara Pistachio Company
  
Setton Pistachio of Terra Bella Inc.
  
Sierra Nut House inc.
  
Specialty Food Association Inc.
  
The Pistachio Co Food Trading LLC.
  
The Wonderful Company LLC
  
WeGotNuts
  
Whistler Foods Co.
  
Wonderful Pistachios & Almond Company LLC