#Global #Macadamia #Market #Expected #Generate
Portland, OR, Oct. 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global macadamia market garnered $1.1 billion in 2021, and is estimated to generate $2.9 billion by 2031, manifesting a CAGR of 10.3% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.1 billion |
| Market Size in 2031 | $2.9 billion |
| CAGR | 10.3% |
| No. of Pages in Report | 280 |
| Segments covered | Form, End Use, Nature, Distribution Channel, and Region. |
| Drivers | Surge in demand for plant-based snacks
The easy availability of various macadamia-based snacks in a variety of flavors Rise in applications of macadamia in various industries such as pharmaceuticals, personal care and cosmetics, and the food and beverages |
| Opportunities | Rise in usage of macadamia in the pharmaceutical industry |
| Growth in demand for macadamia oil for personal and cosmetic use | |
| Restraints | Huge availability of substitutes |
| High cost of macadamia |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global macadamia market, owing to implementation of global lockdown which resulted to temporary closure of production facilities.
- Curfew practices globally affected the domestic as well…
Read on GNW: Global Macadamia Market Is Expected to Generate $2.9
