Macadamia Market Size Worth $ 3.70 Billion By 2032 | CAGR: 9.30%

The global macadamia market size is expected to reach USD 3.70 billion by 2032, according to a new study by Polaris Market Research. The report “Macadamia Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic and Conventional); By Form (Raw, Processed, Oil); By End Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Escalating popularity of macadamia in the food and beverages industry is one of the prominent factors bolstering the growth of global market. With excellent beneficial aspect such as nutritional value, texture, and many other benefits, macadamia is widely used in this sector. For instance, in February 2023, a macadamia nut variant of Kiki Milk is being added by PlantBaby Company to its lineup. Organic, milk substitute is created with whole-food components like oats, coconut sugar, macadamia nuts, Brazil nuts, pumpkin seeds, cashews, & marine minerals. This factor is largely driving the market with significant revenue.

Macadamias are a popular ingredient in chocolates, cookies, and other confectionery products, which drives demand from the confectionery industry. As a result, growing demand from the confectionery industry is likely to boost the market’s growth globally.  In addition to this, macadamias are rich in healthy fats, fiber, and other nutrients, making them a popular choice among health-conscious consumers.

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Although there is a shortage of supply on the global market, there is rising demand for commodities. As a result, the industry is in critical need of investments and assistance from governmental bodies. For instance, the out-put of macadamia in 2021 was 54,174, 48,500, 38,500, & 32,000 metric tonnes in South Africa, Australia, & China, respectively, according to the International Nut & Dried Fruit Council. The major producing nations' increased output is fueled by these government programs. As a result, rising demand is fueling production with help from the government, which is therefore anticipated to drive market expansion over the forecast period.

The demand for macadamia-based food and beverage products is growing, as consumers become more health-conscious and seek out natural, wholesome, and sustainable ingredients. This has created new opportunities for macadamia producers to expand their product offerings and tap into new markets.

Macadamia Market Report Highlights

• Organic nature is accounted for largest share in the global market. This is due to due to increasing consumer demand for organic products
• Raw form of macadamia held largest share in the global market due to its cost effectiveness and improving use in the preparation of skin treatment
• Food and beverages industry is accounting largest share in the global due to health benefits of macadamia and wide use of the products from sweet to savory
• North America held the largest share in 2022 due to huge consumption of macadamia products across various applications and enhancing product development in the region
• The global macadamia market involves Royal Macadamia, Buderim Ginger, North Shore Macadamia Nut, Dr. Paul's Kona Coffee, Ward Coffee, Eastern Produce, Hawaiian Host, Makua Coffee, the marquis group, MWT Foods, Nambucca Macnuts., Superior Nut, golden macadamias, Hamakua Macadamia, T.M. Wondaree Macadamias

Polaris Market Research has segmented the Macadamia market report based on nature, form, end use, and region:

Macadamia, Nature Outlook (Revenue - USD Billion, 2019 - 2032)

• Organic
• Conventional

Macadamia, By Form Outlook (Revenue - USD Billion, 2019 - 2032)

• Raw
• Processed
• Oil

Macadamia, By End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Residential
• Industrial
• Commercial
• Food Industry

• Confectionary
• Bakery
• Snacks
• Other

• Cosmetic and Personal Care

Macadamia, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Macadamia Market Report Scope