Global Macadamia Market Expected to Reach USD 3,525.1 Million by 2027

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Macadamia Market by Forms, Application, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at USD 2,259.4 Million in 2019 and is expected to grow at a healthy growth rate of 6.3% by the year 2027. The expansion of the macadamia market is attributed to factors such as increase in consumer preference for healthy foods, growth in vegan diet adoption, and rise in the disposable income. Moreover, rise in consumption of dried fruit & nuts and growth in the demand for beauty & health products are expected to further fuel the market. Unfavorable climatic condition for the production of macadamia can hamper the market.

Request a free sample copy: https://growthmarketreports.com/request-sample/30

The global macadamia market is fragmented based on forms, by application, and region. Based on types, the macadamia market is segmented into raw macadamia, processed macadamia and macadamia oil. On the basis of applications, the macadamia market is bifurcated into food and beverage industry, cosmetics and personal care industry. Based on region, the global macadamia market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, India, Rest of Asia Pacific(APAC). The Europe region is further categorized into Germany, Netherlands, France, Italy, U.K., Spain, Rest of Europe, and the MEA region is further divided GCC Countries, South Africa, Kenya, and rest of Middle East & Africa (MEA).

In year 2020, the Macadamia market is expected to witness the moderate decline due to COVID 19 pandemic for the duration of 2019 to 2020. The COVID-19 pandemic has had a rapid and serious impact on the global manufacturing and food and beverage industry. COVID has caused an economic uncertainty across the globe. In Asia Pacific region the China market alone held around 28% of the market share. Last year about 35% of South Africa’s macadamias were shipped to China. The import duties decreased by China on macadamias imported from South Africa imposed restrictions on agriculture sector. This pandemic has affected the rate of currency.

As per GMR industry analyst Vidya Jadhav, “The Global Macadamia Market is anticipated to witness significant growth during forecast period 2021-2027 driven by the increase in awareness regarding a healthy diet in countries such as India, Japan, and China. Vegan population is rapidly rising in this region; therefore, companies are launching creative vegan products, which in turn, is expected to fuel the macadamia market in the coming years. Moreover, the increasing focus on consumption of healthy nuts as a reliable snacks options is anticipated to create lucrative opportunity for macadamia market.”

For More Information: https://growthmarketreports.com/enquiry-before-buying/30

Key Takeaways from the Study:

• Asia Pacific accounts for a significant share of the market, followed by North America. The market in Europe is projected to expand at significant CAGR during the forecast period due to increasing demand for macadamia from consumers and rising import activities from leading macadamia producing countries.
• The Macadamia oil segment to grow at significant CAGR of over 6% during forecast period due to increasing demand for macadamia oil from Cosmetics and Personal Care Industry. Macadamia oil is rich in vitamins, essential fatty acids, antioxidant, and other nutrients, which make this oil has superfood for the skin. Such factors are driving the growth of oil segment.

Buy Full Report at https://growthmarketreports.com/report/macadamia-market-global-industry-analysis

Report Scope:

Target Audience:

• Supply-side: macadamia manufacturers, raw macadamia manufacturers, processed macadamia manufacturers, macadamia oil manufacturers, raw material suppliers, primary respondents, and distributors.
• Demand Side: Food and Beverage products manufacturers, and Cosmetics and Personal Care products manufacturers.
• Regulatory Side: Commercial research & development (R&D) institutions, and other regulatory bodies Food and Drug Administration USA, FDA India, Food Safety and Standards Authority of India (FSSAI), Food Standards Agency and Japan External Trade Organization.

Request a free sample copy: https://growthmarketreports.com/request-sample/30

About Us:
Our reports are more than just research reports to us. They are tools that enable us to maintain long-term relationships with our clients whom we honor and cherish. Our client’s business growth is integral for not only them but also us. This is what differentiates us from other market research companies.

At GMR, we provide our expertise and guideline for success. Our team of efficient and experienced researchers and consultants provide progressive market intelligence reports that are accurate, authentic, and in-depth. This empowers the clients to make well-informed decisions.

Moreover, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries including chemicals and materials, energy, automobile, healthcare, consumer goods, and technology. Our deep understanding of many business environments across industries such as those mentioned above allows us to deliver tailor-made reports.

Tags: Macadamia Market, Macadamia Market Share, Macadamia Market Analysis, Macadamia Market Forecast, Macadamia Market Size, Macadamia Market Trends, Macadamia Market players, Macadamia Market scope See Campaign: https://growthmarketreports.com/
Contact Information:
Contact Us: Alex Mathews Head of Business Development Phone No.: +1 909 545 6473 Email – sales@GrowthMarketReports.com Website – https://GrowthMarketReports.com Address – 500 East E Street, Ontario, CA 91764, United States.

Tags:
, Reportedtimes, iCN Internal Distribution, Research Newswire, English