Macadamia Market to Grow by USD 1.14 Billion (2025-2029), Boosted by Popularity of Vegan Snacks Among Millennials, AI Driving Market Transformation
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Macadamia Market to Grow by USD 1.14 Billion (2025-2029), Boosted by Popularity of Vegan Snacks Among Millennials, AI Driving Market Transformation

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NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global macadamia market size is estimated to grow by USD 1.14 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  10.1%  during the forecast period. Rising popularity of vegan snacks among millennials is driving market growth, with a trend towards rise in number of macadamia nut-based snack launches. However, potential source of allergens  poses a challenge. Key market players include Bardakcigroup, Barry Callebaut AG, Buderim Ginger, Dr Paulos Kona Coffee and Macadamia Nut Farms, Eastern Produce, Golden Macadamias Pty Ltd., Hamakua Macadamia Nut Co., Hawaiian Host Group, Macadamias Direct, Makua Coffee Co., Marquis Macadamias, MWT Foods, North Shore Macadamia Nut Co., Royal Macadamia Pty Ltd., Superior Nut Co. Inc., T M Ward Coffee Inc., and Wondaree Macadamias Nuts.

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Macadamia Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.1%

Market growth 2025-2029

USD 1144 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.3

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key countries

US, China, Japan, India, Canada, Australia, Vietnam, Germany, The Netherlands, and France

Key companies profiled

Bardakcigroup, Barry Callebaut AG, Buderim Ginger, Dr Paulos Kona Coffee and Macadamia Nut Farms, Eastern Produce, Golden Macadamias Pty Ltd., Hamakua Macadamia Nut Co., Hawaiian Host Group, Macadamias Direct, Makua Coffee Co., Marquis Macadamias, MWT Foods, North Shore Macadamia Nut Co., Royal Macadamia Pty Ltd., Superior Nut Co. Inc., T M Ward Coffee Inc., and Wondaree Macadamias Nuts

Market Driver

Macadamia Market Trends: Macadamia Nuts are a popular choice for health-conscious consumers due to their rich nutritional value. These nuts are high in healthy fats, proteins, vitamins, and minerals, making them an excellent addition to vegan diets and plant-based snacks. Macadamia oil, extracted from these nuts, is another trending product, known for its flavor and versatility in cooking, from baked goods to savory dishes. The Macadamia industry, including Queensland and Hawaii, is seeing in demand for organic processing and allergy-free foods. Macadamias are also used in cosmetics and food and beverages. Millennials are particularly drawn to the health benefits of macadamias, with macadamia paste and coated macadamia nuts gaining popularity. The Dried Fruit Council reports limited availability of macadamias, adding to their desirability. Conventional and organic macadamia nuts continue to be in demand, with consumers seeking the best quality and taste. The market for macadamias is expected to grow, as more people discover their nutritional value and delicious flavor. 

Macadamia nuts are widely used in various end-user applications, including bakery and confectionery products, breakfast cereals, snacks, flavored drinks, and dairy products. The trend towards convenient and healthy foods is driving the demand for macadamia-based snacks, particularly in the keto and vegan diet markets. New product launches, such as macadamia milk, are increasing globally. Consumers’ familiarity with macadamia and its premium image is also contributing to the market’s growth. With more product innovations on the horizon, the demand for macadamia nuts is anticipated to rise, leading to market expansion during the forecast period. 

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 Market Challenges

  • Macadamia Market: Trending Nut Variety with Unique Health Advantages Macadamias, a popular nut from Queensland, Australia, are gaining traction in the Food and Beverages industry due to their health benefits and versatility. Macadamia oil, derived from these nuts, is a rich source of healthy fats, proteins, vitamins, and minerals, making it a preferred choice for health-conscious consumers. Protein sources are essential for vegan diets, and macadamias, with their high protein content, are an excellent addition. Millennials, particularly, are driving the demand for plant-based snacks and allergy-free foods, making macadamias an ideal choice. Macadamia paste, coated macadamia nuts, and dried macadamia fruits find applications in baked goods, desserts, savory dishes, and cosmetics. Macadamias’ nutritional value, flavor, and availability make them a preferred ingredient in the food processing industry. The Dried Fruit Council recognizes the health benefits of macadamias, which include being rich in healthy fats, proteins, and vitamins. Macadamia nuts are also organic and allergy-free, making them a popular choice for consumers. Conventional macadamia nuts and organic processing methods coexist in the market, with Hawaii macadamia nuts being a significant player. The challenges include limited availability and the high cost of production. Despite these challenges, the macadamia market continues to grow, offering opportunities for businesses in the food processing industry.
  • Macadamia nuts offer numerous health advantages, yet they pose a concern due to their allergenic proteins. Tree nuts, including macadamias, are a priority allergen according to Health Canada. The global prevalence of tree nut allergies is significant, with rates reaching 0.2% among children and 0.5% among adults in the US. Tree nut allergy is the most common type of allergy, particularly affecting infants and young children. This allergy can cause serious health issues, limiting the expansion of the macadamia market during the forecast period.

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Segment Overview 

This macadamia market report extensively covers market segmentation by 

  • Type
  • Distribution Channel
  • Geography
    • APAC
    • North America
    • Europe
    • Middle East And Africa
    • South America

1.1 Conventional-  The conventional segment experienced notable growth in the global macadamia market in 2024. Conventional macadamia nuts are affordable and widely accessible, making them a popular choice for consumers. These nuts have a longer shelf life due to preservatives and chemicals used for prevention of spoilage. The versatility of macadamia nuts in various applications, such as edible oil, snacks, confectioneries, desserts, cosmetics, and bakeries, has driven demand for processed macadamia. The increasing trend of healthy snacking and awareness of macadamia nuts’ health benefits further boosts the conventional segment’s growth in the global market.

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Research Analysis

Macadamias, a delicious and versatile nut native to Australia, offer numerous health advantages. Macadamia oil, extracted from the nuts, is rich in healthy monounsaturated fats, proteins, vitamins, and minerals. Macadamia kernels are a great protein source, making them an ideal choice for vegan diets. Millennials are particularly drawn to macadamias due to their flavor and versatility. Macadamia paste is used in various baked goods, desserts, and savory dishes, adding richness and depth of flavor. Both organic and conventionally grown macadamias are available, with organic processing ensuring the highest quality and sustainability. Macadamias are rich in healthy fats, proteins, vitamins, and minerals, making them a nutritious addition to any diet. Their nutritional value is unmatched, providing energy and essential nutrients. Despite their many benefits, macadamias have limited availability in some regions, leading to negative associations with their high price. However, their allergy-free status makes them a popular choice for those with dietary restrictions. Queensland is the largest producer of macadamias, ensuring a steady supply of this delicious and nutritious nut. Whether used in cooking or enjoyed as a snack, macadamias offer a wealth of health benefits and a rich, buttery flavor that is sure to delight.

Market Research Overview

Macadamia nuts, native to Queensland, Australia, are beloved for their rich, buttery flavor and crunchy texture. These versatile nuts are a popular choice for health-conscious consumers due to their numerous health advantages. Macadamia oil, extracted from the nuts, is a valuable source of healthy fats, proteins, vitamins, and minerals. Macadamias are a great protein source, making them an ideal option for vegan diets and millennials. The Macadamia Market encompasses a wide range of products, including macadamia paste, coated macadamia nuts, and dried fruit council-certified macadamias. Macadamias find their way into various food and beverage applications, from baked goods and desserts to savory dishes. Their nutritional value and allergy-free status make them a popular choice for those following plant-based diets. Processing methods, whether organic or conventional, play a crucial role in the market. Organic processing ensures the highest quality and purity, while conventional methods may involve the use of chemicals and additives. Hawaii macadamia nuts are another popular variant, known for their unique flavor profile. Macadamia nuts also extend their reach into cosmetics and food processing industries, offering a diverse range of applications. With their health benefits, flavor, and versatility, macadamias continue to be in high demand, making them a valuable commodity in the food industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

  • Type
  • Distribution Channel
  • Geography
    • APAC
    • North America
    • Europe
    • Middle East And Africa
    • South America


7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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