At 10.9 % CAGR, Global Macadamia Market Size & Share Worth USD 2101.2 Million by 2028 | Macadamia Industry Trends, Demand, Price, Analysis & Forecast Report by Zion Market Research

NEW YORK, May 25, 2022 /PRNewswire/ -- As per Zion Market Research study, The global macadamia market was worth around USD 1129.5 million in 2021 and is estimated to grow to about USD 2101.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.9 percent over the forecast period. The report analyzes the digital remittance market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Key Industry Insights & Finding of the Macadamia Market Reports:

• As per the analysis shared by our research analyst, the Macadamia Market is expected to grow annually at a CAGR of around 10.9 % (2022-2028).
• Through the primary research, it was established that the Macadamia Market was valued approximately USD 1129.5 Million in 2021 and is projected to reach to roughly USD 2101.2 Million by 2028.
• The growing awareness of diets rich in nutrients and protein, along with the rising inclusion of tree nuts in diets across the Asia Pacific region, is expected to drive the Asia Pacific market.
• Australian macadamia crop has grown steadily since 2015, driven largely by sustained investment in productivity improvements.
• Tree nut consumption in North America accounted for more than 20% of global tree nut consumption. It is followed by Europe which is the second-largest importer of macadamia nut kernels.

Zion Market Research published the latest report titled as  "Global Macadamia Market By Processing Outlook (Conventional and Organic), By Product Outlook (Raw, Roasted, and Coated), By Distribution Channel Outlook (Online and Offline). and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028." into their research database.

Macadamia Market: Overview

Macadamia is an Australian rainforest tree with slender, glossy evergreen leaves and globular edible nuts. The macadamia trees mainly produce macadamia nuts recognized by different names such as Queensland nut, bush nut, maroochi nut, bauple nut, and Hawaii nut. They are round and have a leathery and thick husk that splits alongside during the ripening process. Macadamia nuts are reaped mechanically or gathered from the ground in different stages throughout the entire year, depending on the country of origin. Because flowering occurs over several months, macadamia nuts mature and drop to the ground over an extended period, so they must be harvested regularly. The macadamia nuts are consumed as a snack, breakfast topping, in the salad, roasted, salted, raw, and processed products. The use of macadamia nuts in various breakfast and dietary recipes is also increasing due to the high nutritional quotient of the nuts. The largest producers of macadamia nuts are Australia and South Africa, followed by China, Kenya, the USA (Hawaii), Guatemala, Vietnam, and Malawi.