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Macadamia nuts are the fruit (edible seed) of the evergreen macadamia tree, which belongs to the genus Macadamia of the Proteaceae family. Only three of the species are of commercial importance, namely Macadamia integrifolia, Macadamia ternifolia, and Macadamia tetraphylla. Macadamias are native to Australia, but today, they are grown in many areas in the world. The largest producers of macademia nuts are Australia and South Africa, followed by Kenya, China, USA (Hawaii), Guatemala, Malawi, Vietnam, Colombia, New Zealand and Swaziland.
Once planted, the macadamia trees need five years before being able to carry their first fruit - their maximum carrying capacity is reached after ten years. Macadamia trees require warm temperatures and good annual rainfall to yield a good crop. The biggest threats to annual production come from droughts and heavy frost.
The nuts themselves grow encased in a hard, woody shell, which is protected by a green-brown fibrous husk that splits open as the nut matures. Macadamia nuts are harvested mechanically or gathered from the ground in different periods throughout the entire year, depending on the country of origin. Because flowering occurs over several months, macadamia nuts mature and drop to the ground over an extended period, so they have to be harvested regularly. Due to long-term maturity, it is possible for flowering and harvesting to overlap. In the European winter months, they are harvested in Africa and Hawaii, while during the spring and summer months, harvesting occurs in Australia and Central and South America.
LPI (LP Information)' newest research report, the "Macadamia Nuts Industry Forecast" looks at past sales and reviews total world Macadamia Nuts sales in 2022, providing a comprehensive analysis by region and market sector of projected Macadamia Nuts sales for 2023 through 2029. With Macadamia Nuts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Macadamia Nuts industry.
This Insight Report provides a comprehensive analysis of the global Macadamia Nuts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Macadamia Nuts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Macadamia Nuts market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Macadamia Nuts and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Macadamia Nuts.
The global Macadamia Nuts market size is projected to grow from US$ 1160.2 million in 2022 to US$ 1397.8 million in 2029; it is expected to grow at a CAGR of 1397.8 from 2023 to 2029.
Global Macadamia Nuts key players include Marquis Macadamias, Golden Macadamias, Mauna Loa Macadamia Nut Corp, Buderim Group, Kenya Nut Company, etc.Global top five manufacturers hold a share about 35%.
North America is the largest market, with a share over 30%, followed by Europe, and Asia-Pacific, both have a share over 55 percent.
In terms of product, Nuts without Shell is the largest segment, with a share over 70%. And in terms of application, the largest application is Snack Food, followed by Confectionery and Bakery, Cosmetics, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Macadamia Nuts market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Nuts without Shell
- Nuts in Shell
Segmentation by application
- Snack Food
- Confectionery and Bakery
- Cosmetics
- Other Application
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Marquis Macadamias
- Golden Macadamias
- Mauna Loa Macadamia Nut Corp
- Buderim Group
- Kenya Nut Company
- Nambucca Macnuts
- Ivory Macadamias
- Eastern Produce
- Hamakua Macadamia Nut Company
Key Questions Addressed in this Report
What is the 10-year outlook for the global Macadamia Nuts market?
What factors are driving Macadamia Nuts market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Macadamia Nuts market opportunities vary by end market size?
How does Macadamia Nuts break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?