Summary

The geography of India contains a vast and rich variety of tree nuts, which play an important part in the country's cultural legacy, culinary traditions, and economy. From the cashew-laden beaches to the almond-growing regions in the north, the country has a centuries-long association with tree nuts. Tree nuts have cultural importance in several parts of India. Cashews, sometimes known as the "king of nuts," are a valuable export crop grown in tropical coastal locations, particularly in Goa and Kerala. These nuts are commonly used in traditional sweets like 'kaju katli' as well as savory meals, giving richness and taste to Indian cuisine. Almonds thrive in milder northern climates, particularly in Jammu and Kashmir. Almonds are a mainstay in Indian households because of their nutritious value. They are consumed raw, roasted, or used in desserts like 'badam halwa' and beverages like 'badam milk.' The almond's versatility makes it a cherished nut in the region's culinary repertoire. Pistachio orchards thrive in western regions such as Gujarat and Maharashtra. These nuts are used in local cuisines, such as 'pista barfi' (pistachio fudge) and 'pista kulfi' (pistachio ice cream), to represent special occasions and festivals. India is a major producer and exporter of cashews, holding a prominent place in the global market. The cashew business contributes significantly to the country's economy, employing a large number of people involved in cultivation, processing, and export. Based on climatic factors, different locations specialize in particular nuts, fostering distinct culinary traditions. Himachal Pradesh walnuts, Uttarakhand chestnuts, and northern hazelnuts are among the regional delicacies, each giving particular flavors to local cuisines.

According to the research report "India Tree Nuts Market Overview, 2029," published by Bonafide Research, the India Tree Nuts market is anticipated to grow with more than 13% CAGR from 2024 to 2029. The nut market in India is firmly anchored in its cultural variety, reflecting a diverse range of nuts essential to regional cuisines. Traditional Indian cuisines, desserts, and snacks feature cashews, almonds, pistachios, walnuts, and a variety of indigenous nuts. These nuts are more than just ingredients; they represent cultural symbols and a rich culinary legacy. Nuts play an important role in Indian festivals and ceremonies. The festival of lights, Diwali, sees an increase in the consumption and giving of nuts. They are exchanged as symbols of riches and good fortune among friends and family, underscoring their cultural significance beyond culinary purposes. In India, the nut industry has seen advancements in nut-based goods such as flavored nuts, nut butters, and health-oriented snack versions. There's a growing trend toward healthier snacking, leading to the development of nutritious nut-based snacks catering to modern dietary preferences. Many rural communities rely on the cultivation and processing of nuts, particularly cashews, as a source of income. Women frequently play an important role in the cashew processing business, contributing to their empowerment and economic independence in cashew cultivation regions. The government's attempts to boost nut production, processing, and exports strengthen the nut business even further. Schemes aimed at improving nut quality, offering technological assistance, and promoting export options all contribute to the industry's success.

In terms of product type market is majorly categorised into almonds, cashews, walnuts, pistachios, hazelnuts, macadamia, pecans, and others. Among them cashews product type is expected to lead the India tree nuts market in upcoming frame. Cashews have an excellent nutritional profile, being high in vitamins, minerals, and antioxidants. They provide a good source of unsaturated fats, which are good for your heart. They also include important minerals like magnesium and zinc, which contribute to general health. As consumers health consciousness grows, they are increasingly turning to nuts like cashews as a healthy snack alternative, driving up demand. India is an important player in the worldwide cashew market. Its manufacturing capabilities, along with a robust export infrastructure, have contributed to increased international demand for Indian cashews. With a reputation for quality and low pricing, India has progressively increased its exports to numerous countries, cementing cashews supremacy in the tree nut industry. Cashew agriculture in India spans 0.7 million hectares, with the country producing more than 0.8 million metric tons (MT) annually. India's cashew nut production increased from 0.70 million metric tons (MT) to 0.77 million MT (MT) during 2019–20 and 2021–22.

Based on form segment market is divided into whole, split and other. Among them whole form tree nuts products are majorly consumed in India tree nuts market. Tree nuts have long been an essential component of Indian traditional cuisine. Nuts in their whole form, such as cashews, walnuts, pistachios, and almonds, are frequently used in a variety of cuisines. They are used in savory recipes, desserts, appetizers, and even holiday cooking. The original form of these nuts is valued in traditional culinary history, which preserves their natural texture, flavor, and nutritional worth. Snacking is an essential component of diet in India. A variety of consumers find whole nuts to be a healthful, portable, and easily transportable snack option. They are used as a go-to snack because they are thought of as a healthier substitute for many other snack options on the market. In terms of distribution channel market is segmented into hypermarket/ supermarket, conventional store, specialty store and online retail. Hypermarket/ supermarket distribution channels are predicted to dominate the India tree nuts market. Supermarkets and hypermarkets provide a wide range of goods, including tree nuts, giving customers a variety of options all under one roof. This range accommodates varying interests, preferences, and price points by enabling customers to compare brands, varieties, and costs. These retail behemoths make significant investments in enlightening customers on the health advantages, culinary applications, and variety of ways that tree nuts can be included in diets. Tree nut health advantages and versatility are more known to consumers thanks to in-store marketing, promotions, and demonstrations.

Considered in this report:
• Geography: India
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• India Tree Nuts market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Almonds
• Cashews
• Walnuts
• Pistachios
• Hazelnuts
• Macadamia
• Pecans
• Others

By Form:
• Whole
• Split
• Other

By Distribution Channel:
• Hypermarket/ Supermarket
• Conventional Store
• Specialty Store
• Online Retail

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Tree Nuts industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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