Growing trend in global pistachio market

27 July 2021 | Opinion

Transparency Market Research gives an insight into the factors contributing to the pistachio market’s expansion, consumer behaviour and the prevailing competitive landscape Image Credit: Tranparency Market Research Image Credit: Tranparency Market Research

Potential applications in food supplements and drug industries have created opportunities for accelerated growth in the global pistachio market. As per recent researches, the phytochemical composition of pistachio hulls with a blend of anacardic acid homologues have remarkable antioxidant and anti-inflammatory properties. This fuels prospects for the increasing use of pistachio hulls in nutraceuticals. 

 

In a recent study, Transparency Market Research (TMR) has analysed in detail various factors contributing to the market’s expansion. The report also provides market intelligence for consumers as well as companies operating in the global pistachio market. It includes a detailed chapter presenting insights into the prevailing competitive landscape in the global pistachio market.

 

For the study, it profiles companies such as Setton Pistachio of Terra Bella, The Pistachio Co Food Trading, Germack Pistachio Company, Rasha Pistachio, Sierra Nut House, Wonderful Pistachios & Almond Company, Houston Pecan Company, Bates Nut Farm, Meridian Growers, and Whistler Foods. In the last few years, the global pistachio market a spurt of promotional strategies, as key players took to gaining an edge over the prevailing competition. Rivalry among market players is more intense at the regional level, especially in higher pistachio producing countries such as the U.. Vendors mostly fight it out based on price and quality to emerge as the leading players in the global pistachio market.

 

Some of the more established companies with a widespread reach are looking to further expand their business. For this purpose, they are shifting their focus on regions with untapped potential. Such strategies adopted on part of the companies are likely to have a positive influence on the overall pistachio market. However, being a mature market, the global pistachio market is forecast to exhibit growth at a positive pace through 2026.

 

Pistachios have rich nutrient content

Pistachios are rich in fibre and contain antioxidants, it helps in reducing cholesterol levels, and also controls sugar. These properties are much sought-after, which has fuelled pistachio consumption significantly among type 2 diabetes patients. In addition to these, pistachios also have high vitamin b content, with increased immunity levels. The rising knowledge of benefits that can be obtained from the consumption of pistachio has, in turn, enabled the market to gain traction worldwide. The rising number of health-conscious consumers will therefore bode well for the global pistachio market. 

 

According to TMR, global pistachio sales is expected to reach nearly $5000 billion by the end of 2025. The demand for pistachio is further expected to increase as an increasing number of consumers discern pistachios as guilt-free and rich sources of nutrients.

 

Rising use in diverse food products to boost growth prospects

As per recent studies, pistachios are increasingly used in diverse food products such as desserts for their unique taste and subtle essence. Furthermore, they are used in bakery products such as cookies, cakes, and biscuits. In addition to this, they have found application in food joints, restaurants, and processing industries. With an increasing number of food manufacturers innovating pistachio flavoured products in a bid to capitalize on their growing popularity, the demand for pistachios is expected to rise steadily between 2017 and 2026.

 

This review is based on a TMR report, titled 'Pistachio Market (Form - Whole, Powdered, Roasted, and Splits; End-Use - Bakery & Confectionery, Flavored Drink, Breakfast Cereals, Snacks, Butter & Spread, Dairy Products, and Others; Distribution Channel - Wholesaler/Distributor, Modern Trade, Convenience Stores, Online Sales, and Other Distribution Channels) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026.'

 

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