South America Tree Nuts Market Outlook, 2029

The South American tree nut market is undergoing tremendous change, driven by a variety of reasons, including the region's rich cultural legacy, changing consumer preferences, and global market dynamics. This bustling market landscape is distinguished by a variety of nuts, including Brazil nuts, almonds, cashews, and others, each of which contributes uniquely to the region's economic and gastronomic tapestry. The utilization of tree nuts is firmly ingrained in South America's culinary heritage. Brazil nuts, which are endemic to the Amazon rainforest, play an important role in the region's cultural identity.

For ages, these nuts have been a mainstay in local diets, and they play an important role in traditional meals and indigenous recipes. Brazil's nut harvesting also benefits local communities, promoting a sustainable economic model deeply connected to the rainforest's preservation. Brazil, a large producer of nuts, especially Brazil nuts, dominates the South American tree nut industry. The country's strong production capacity and export-oriented orientation have positioned it as a prominent global market for tree nuts.

Brazil nuts, noted for their distinct flavor and high nutritional content, are sold globally, making a substantial contribution to the region's export economy. Apart from Brazil nuts, South America is home to a varied range of tree nuts grown in various places. Other types grown in nations like Chile, Argentina, and Peru include almonds, cashews, walnuts, and pecans. These nuts are produced not only for export but also play an important part in local cuisines, providing depth and richness to traditional meals.

According to the research report 'South America Tree Nuts Market Outlook, 2029', the South America Tree Nuts market is expected to add more than USD 500 Million from 2024 to 2029. South America is a biodiversity hotspot, with a wide variety of tree nut species. The Amazon rainforest, also known as the 'lungs of the planet,' is home to the famous Brazil nut tree (Bertholletia excelsa). The sought-after Brazil nuts are produced by these towering giants, which can reach heights of 50 meters. Aside from Brazil nuts, the region grows almonds, cashews, pecans, and walnuts in several countries, each having its own particular flavor profile and culinary significance. Tree nuts have a long history in South American cuisine.

Brazil nuts, for example, have traditional value among Amazonian indigenous people. They play an important role in local cuisine and are utilized in a range of traditional dishes. Almonds, cashews, and other nuts are also incorporated into regional recipes, adding depth and flavor to savory and sweet dishes, desserts, and snacks. Brazil, being one of South America's main producers of tree nuts, plays a critical role in the worldwide tree nut market. Brazil nuts, which are abundant in the country, contribute greatly to the country's economy and export industry.

Brazil nuts are highly sought-after around the world due to their distinct flavor and nutritional benefits, and Brazil is a significant exporter of these nuts. Over millennia, indigenous people in South America have passed down traditional knowledge and gathering practices for tree nuts. The intricate awareness of the environment, seasonal rhythms, and sustainable harvesting methods has been passed down through generations, ensuring the survival of these activities and fostering a peaceful interaction between people and nature.

Market Drivers

Biodiversity and abundant nut varieties: South America's diverse biodiversity offers a diverse range of nut kinds, including Brazil nuts, almonds, cashews, and others. The presence of various nut species in various places contributes to the region's importance in the worldwide tree nut market. South America's richness allows it to appeal to a diverse spectrum of tastes and preferences, fostering market expansion through product variety and versatility.

Global export potential and economic significance: In the tree nut sector, South America, particularly Brazil, is a global powerhouse. Brazil nuts, in particular, have a high export potential and contribute significantly to the region's economy. South American countries export-oriented approach strengthens their position as significant providers in the global market, earning revenue and strengthening trade links.

Market Challenges

Deforestation and habitat loss: Deforestation is rife in South America, notably in the Amazon rainforest, raising worries for tree nuts that rely on these diverse habitats. Deforestation not only upsets the delicate balance of natural environments, but it also jeopardizes the survival of Brazil nut trees and other native species. The loss of habitat owing to agricultural development and logging activities can have a direct influence on nut output and biodiversity.

Regulatory compliance and certification: Producers face a challenge in meeting the demanding regulatory standards, certifications, and sustainability requirements needed by worldwide markets. Meeting these criteria frequently implies additional fees and following complex procedures, particularly for small-scale farmers who lack the resources to negotiate these regulatory landscapes.

Based on product type market is divided into almonds, cashews, walnuts, pistachios, hazelnuts, macadamia, pecans, and others. Brazilian nuts are gaining significant traction in South America tree nuts market.

Brazil nuts are notable for their high nutritious content. They are high in selenium, a strong antioxidant that is essential for immune function and thyroid health. Because a few nuts can meet an individual's daily selenium need, they are highly prized for their nutritional density. They are also high in healthy fats, protein, fiber, and important minerals, which contributes to their increasing popularity among health-conscious customers looking for natural, nutrient-dense foods. Brazil nuts have a long history of cultural relevance in South American cuisine. They are used in a variety of traditional cuisines and sweets across the continent.

The creamy texture and nutty flavor of the nut make it a versatile ingredient in both savory and sweet recipes, providing depth and richness. Its cultural significance and historical use in local cuisines contribute to its continued demand and consumption within the region. Brazil nuts hold a prominent position in South America's export market. Brazil, as a major producer, plays a significant role in meeting global demand for these nuts. The unique flavor, nutritional benefits, and global recognition of Brazil nuts contribute to their substantial export potential, making them sought after in international markets, particularly in North America, Europe, and Asia.

Based application segment market includes direct consumption /culinary purpose, bakery and confectionery, cereals and granola bars, nutritional and health foods, dairy products and others. Among them direct consumption /culinary purpose is key application of tree nuts in South America.

Tree nuts have a long history in South American cuisine, and they are deeply rooted in cultural customs and culinary heritage. For years, nuts such as Brazil nuts, almonds, and cashews have been essential elements in traditional cuisines, desserts, snacks, and indigenous traditions. The historical significance of nuts adds to their frequent use in regional cuisine. Tree nuts are well-known for their nutritional density, as they are high in important nutrients, healthy fats, proteins, vitamins, and minerals.

South Americans are increasingly emphasizing healthy eating practices, which is raising awareness of the nutritional benefits of nuts. Direct eating of nuts as a healthy snack or inclusion in meals corresponds with increased consumer health consciousness. Nuts serve as convenient, ready-to-eat snacks ideal for on-the-go consumption. Their portability, nutritional richness, and satiating properties make them a popular choice for healthy snacking. Consumers seeking nutritious alternatives to processed snacks opt for nuts, contributing to their increased direct consumption.

South America's culinary traditions vary greatly between countries and regions. Nuts are used in a variety of ways in each region's cuisine, including traditional dishes, sweets, sauces, and pastries. This variety provides for a large repertoire of nut-infused recipes, ensuring their continued relevance in culinary activities.

Based on form segment market includes whole, split and other. Split form tree nuts are expected to grow at significant pace in South America. Based on distribution channel market is segmented into hypermarket/ supermarket, conventional store, specialty store and online retail.

In culinary applications, split or sliced tree nuts are more convenient. They are pre-prepared, saving consumers the time and effort of breaking or shelling nuts. This convenience feature appeals to both home cooks and food businesses since it saves time and effort when preparing meals or developing new products. Split nuts are useful in a variety of cooking and baking applications. They are easily incorporated into a broad variety of recipes, including baked items, salads, dessert toppings, and savory foods. Their homogeneous size and shape allow for even distribution inside recipes, enhancing texture, flavor, and visual appeal. Split nuts are great for nibbling on the go.

As they are pre-split, they are convenient and portable snack options for consumers looking for healthier and wholesome alternatives to processed foods. Packaged split nuts serve as convenient grab-and-go options for busy lifestyles, aligning with the trend of nutritious snacking. Supermarkets and hypermarkets house a diverse range of tree nut kinds and brands. This diverse product offering provides consumers with options, allowing them to choose from various varieties, sizes, and brands based on their preferences, dietary needs, and budgets.

The ease of accessing a variety of nut selections in one location improves the shopping experience for customers. Consumers seeking value for money will like the bulk purchasing choices available at supermarkets and hypermarkets. Purchasing tree nuts in bulk often results in cost savings, attracting customers eager to stock up on pantry items. Furthermore, these retail channels provide a choice of packaging sizes, ranging from little pouches to family-sized packs, to meet the needs of a wide range of consumers.

Based on the report the market is divided into the three countries Brazil, Argentina and Colombia. Argentina is predicted to grow at fastest rate in South America tree nuts market.

Argentina has a diverse landscape that is suited for tree nut production, with the Northwest (NOA), Mesopotamia, and Patagonia being important producers. These areas cultivate a wide range of tree nut varieties, including walnuts, almonds, pecans, and chestnuts, taking advantage of the country's diverse climatic conditions and fertile soils. Argentina's tree nut market is an important part of the country's agricultural industry, with diverse output, global competitiveness, and contributions to both domestic consumption and foreign commerce.

Argentina's tree nut industry is a major global exporter of nuts, primarily almonds and walnuts. These nuts are highly regarded in global markets due to their high quality, flavor, and nutritional profile. The NOA region is well-known for its almonds, with Mendoza serving as a major almond farming hub. The production of almonds and walnuts has expanded in response to rising domestic and global demand. Different sites specialize in various nut types, ensuring quality and distinguishing characteristics.

Almonds from Mendoza, for example, are appreciated for their flavor and quality, while walnuts from specific areas have distinct flavor profiles that help them earn a name in global markets. Sustainable farming approaches and environmental conservation are gaining hold in Argentina's tree nut industry. Initiatives focus on proper farming techniques, water management, and conservation measures to ensure long-term viability and reduce environmental consequences.

The South America nuts market is highly competitive, with numerous players operating at both regional and global levels. These companies compete on the basis of various factors, such as price, quality, packaging, and innovation. They also focus on expanding their market presence through strategic partnerships, collaborations, and mergers & acquisitions. In addition to these established players, there are also numerous smaller players that operate in specific regions or specialize in niche products. These companies often compete on the basis of product differentiation, quality, and price.

Overall, the global nuts market is highly competitive, and the key players are constantly striving to maintain their market position through various strategies. Companies are increasingly focusing on innovation using nuts to gain market share in the world. For instance, in February 2020, Mariani Nut Co. added new flavors of almonds including Chipotle with Adobo, Cinnamon Twist, Hickory Smoked, and Honey Roasted.

Considered in this report

• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report

• Global Tree Nuts market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Products

• Almonds
• Cashews
• Walnuts
• Pistachios
• Hazelnuts
• Macadamia
• Pecans
• Others (chest nuts, brazil-nuts, hickory-nuts, pine-nuts)

By Form

• Whole
• Split
• Others

By Application

• Direct consumption /culinary purpose
• Bakery and confectionery
• Cereals and granola bars
• Nutritional and health foods
• Dairy products
• Other (Cosmetics and personal care, industrial use)

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 and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone 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 making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

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


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