Canada Tree Nuts Market Research Report, 2029

The consumption and production of tree nuts in Canada has increased dramatically in recent years, signaling a significant shift in eating preferences and agricultural landscapes. Canada's consumption of tree nuts significantly outnumbers its domestic production, necessitating large imports from other countries. Almonds, pistachios, cashews, and other nuts are in high demand, thanks to growing consumer awareness of their nutritional benefits. In order to accommodate this rising need, the country imports massive amounts from the United States, Europe, and Asia. The popularity of tree nuts in the Canadian market can be largely attributed to changing dietary habits. Nuts have gained popularity among consumers seeking balanced and health-conscious diets due to their nutritious density, good fats, and protein content. Dietary guidelines are progressively emphasizing the inclusion of nuts; Canadians are incorporating them into their meals and snacks and even exploring nut-based alternatives such as almond milk and cashew cheeses. Innovative uses of tree nuts have also increased in Canada's culinary environment. The versatility of nuts has captivated the attention of chefs and home cooks alike, from nut-based spreads and butters to their incorporation in gourmet cuisine and bakery items. This innovation not only broadens the market but also demonstrates the adaptability of nuts in many culinary traditions. The tree nut market in Canada is expected to expand further. Increasing consumer awareness, the pursuit of better lives, and continued farming technology advances all contribute to a hopeful trajectory. In the coming years, the industry's focus on sustainability and addressing consumer demands for quality and diversity will most certainly define its evolution. According to the research report "Canada Tree Nuts Market Research Report, 2029," published by Actual Market Research, the Canada Tree Nuts market was valued more than USD 850 Million in 2023. British Columbia, particularly the Fraser Valley region, is a prominent place in Canada for hazelnut cultivation. The region's favorable climate and soil conditions have piqued farmer’s interest, resulting in a surge in hazelnut orchards. This sector's expansion benefits local manufacturing and matches consumer desires for locally supplied items. Incorporating tree nuts into various recipes is a trend in the Canadian culinary scene. Chefs and home cooks experiment with nuts, using them in gourmet cuisine, baked products, dairy substitutes, and plant-based meals. This investigation of nut-based alternatives and innovative culinary uses broadens the market and demonstrates the versatility of nuts in a variety of cuisines. Canada has strong commercial ties with major nut-producing countries, particularly the United States. The two countries bilateral trade involves a considerable share of nut imports and exports, highlighting the interconnectivity of the North American nut industry. Tree nuts are aggressively promoted as part of a healthy diet by the Canadian government, health organizations, and nutritionists. Nuts nutritional benefits are highlighted in educational initiatives, which encourage their inclusion in regular meals and snacks. These projects help to raise Canadians' awareness and demand for nuts. Canadian companies have expanded into creating value-added nut products. These include flavored nuts, nut mixes, energy bars, and nut-based snacks. The innovation in these products aligns with consumer preferences for convenience, taste variations, and healthier snacking alternatives. Nuts hold cultural significance in Canada, especially during festive seasons. Nuts, such as almonds and walnuts, are integral ingredients in traditional holiday treats and baked goods, reflecting their cultural importance beyond consumption trends.

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Based on product type market is bifurcated into almonds, cashews, walnuts, pistachios, hazelnuts, macadamia, pecans, and others. Hazelnuts are among the key nuts consumed in Canada tree nuts market. Hazelnuts are grown in select areas of Canada, most notably the Fraser Valley of British Columbia. This localized production meets consumer’s preferences for locally sourced items. The existence of Canadian-grown hazelnuts contributes to their market availability and popularity. Hazelnuts are well-known for their high nutritional content. They're high in omega-3 fatty acids, vitamins, minerals, and antioxidants. The nutritional composition of the nut corresponds to the health-conscious choices of Canadian consumers, who choose nutrient-dense foods as part of a balanced diet. Hazelnuts have gained popularity as an alternative to other nuts as dietary preferences change. They are utilized in a variety of ways, including as dairy-free milk alternatives like hazelnut milk and as a base for plant-based cheeses, to fulfill the needs of consumers looking for dairy replacements and allergen-friendly products. Canadian producers and manufacturers have expanded the range of hazelnut-based products. These include hazelnut spreads, flavored nuts, specialty baked goods, and innovative culinary creations, tapping into consumer preferences for varied and convenient nut-based options. In terms of form type market is segmented into whole, split and other. Whole form type tree nuts products are expected to grow at fastest rate in Canada tree nuts market in upcoming time frame. Canadian customers are more concerned with their health and wellness, and they are looking for nutrient-dense, natural foods. Tree nuts in their whole form preserve their natural nutritional integrity, containing nutritious fats, proteins, vitamins, and minerals. The demand for whole nuts as part of a balanced diet is likely to expand as consumers prefer natural, minimally processed foods. Whole nuts have a wide range of culinary applications. They can be eaten as snacks, added to recipes, baked with, or eaten raw. This adaptability coincides with Canadians broad culinary preferences and caters to a variety of cooking styles and preferences. Based on distribution channel market includes hypermarket/ supermarket, conventional store, specialty store and online retail. Online retail channel is expected to grow at rapid pace in Canada tree nuts market during the forecast period. Online retail provides exceptional convenience, allowing consumers to browse and purchase tree nut items either at home or on the road. This ease of access appeals to current consumers who prefer hassle-free buying experiences. Consumer behavior changes, particularly among younger populations, indicate an increased preference for internet shopping. This group, which is familiar with and at ease with online transactions, is driving the expansion of e-commerce in the nut industry. Promotional campaigns, discounts, and deals on various nut items are frequently offered by e-commerce sites. These incentives entice customers to buy in larger quantities or try new types, resulting in increased sales. Considered in this report: • Geography: Canada • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Kripa Shah

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Aspects covered in this report: • Canada Tree Nuts market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Almonds • Cashews • Walnuts • Pistachios • Hazelnuts • Macadamia • Pecans • Others By Form: • Whole • Split • Other

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By Distribution Channel: • Hypermarket/ Supermarket • Conventional Store • Specialty Store • Online Retail The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Tree Nuts industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.