This report provides exclusive insights into the COVID-19 impact on the Pistachio Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Pistachio Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Pistachio Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on pistachio market provides in-depth analysis of segments and sub-segments in global as well as regional pistachio market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional pistachio market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pistachio market. According to the report the global pistachio market is projected to grow at a CAGR of 3.21% over the forecast period of 2018-2024.
Pistachios are seeds of the Pistacia vera tree. They contain several essential nutrients such as carbohydrates, amino acids, protein, fats, and dietary fiber. They are rich in minerals such as sodium, copper, iron, calcium, potassium, phosphorus and potassium. Additionally, it also provides essential vitamins such as vitamins A, K, B6,C,E, K as well as betaine, choline, riboflavin, and thiamine. Pistachio is a good source of antioxidant and prevents cell damages as well as reduces the risk of diseases like cancer. They have several benefits such as the capability of boosting the immune system, improve body metabolism, gives relief from constipation, beneficial for digestion and reduces the risk of heart attacks.
Rising consumption of pistachio as snacks and rise in usages of pistachio as the flavoring agent in bakery product such as biscuits, cookies, cakes, pastries, and ice-cream is the major factor driving the pistachio market growth. The increasing prevalence of the cardiovascular disease, cancer, multiple sclerosis (MS), and erectile dysfunction occurs over the globe owing to the unhealthy food. This, in turn, people are concentrating more on healthy food, which is preventing health issues related to these diseases. Growing preference related to healthy food as Pistachio among the people is supporting factor driving the growth of the pistachio market. However, the high cost of Pistachio compared to the other nuts is hampering the growth of the global pistachio market. Going further, increasing application of pistachio in food confectionary and bakery items create growth opportunities for leading players in the pistachio market during the forecast period.
On the basis of region, the Asia-Pacific region is the leading contributor in the global pistachio market. Consumers are becoming more health conscious which are demanding for nutritious food is the major factor boosting the market in this region. Growing food and services industry in India is also propelling the growth of this market. North America is expected to be the second largest market for pistachio market owing to the rising the demand of pistachio as snacks. The United States is generally the second-leading producer and exporter of pistachios. In Europe, pistachio is widely used as a flavoring agent in a bakery product such as pastries, cookies, and biscuits.
The report on global pistachio market covers segments such as product type, distribution channel, and end-user. On the basis of product type the global pistachio market is categorized into in-shelled and shelled. On the basis of distribution channel, the global pistachio market is categorized into modern trade, convenience stores, and online sales. On the basis of end-user, the global pistachio market is categorized into bakery & confectionery, dairy products, snacks, breakfast cereals, and flavored drink.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global pistachio market such as, Houston Pecan Company, Meridian Growers LLC, The Pistachio Co Food Trading LLC., Setton Pistachio of Terra Bella, Inc., Germack Pistachio Company, Wonderful Pistachios & Almond Company LLC, Rasha Pistachio Co., Bates Nut Farm, Sierra Nut House and Whistler Foods.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global pistachio market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pistachio market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the pistachio market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the pistachio market to understand the present and future trends in this market and formulate their strategies accordingly.