Megatrends in the global nut industry
“Global demand for nut categories such as macadamia continues to grow faster than supply, while hazelnuts and peanut consumption might see another boost due to breakthroughs in allergy treatment.
Worldwide, the macadamia industry is set to double its output within 10 years, a rare event in agriculture. The almond industry has registered frequent new production records, while hazelnut production is spreading to new production areas to meet growing demand. Oversupply will not be an issue for many years to come, as population growth and consumption trends in favour of plant-based protein are likely to boost demand for nuts.
There are many reasons for optimism, but some concerns are also on the horizon.
NEW PROTEIN
Nuts should replace meat and dairy cheese at an even faster rate in
