Pistachios consist of antioxidants rich in fiber as they help reduce cholesterol levels, keep the sugar controlled, and reduce the risk of diseases like cancer. Pistachios are mostly consumed among type 2 diabetes patients. According to the International Dried Fruits and Nuts Council, the Global Pistachio Market is esteemed to grow, witnessing an increase of 31% in the global production accounting for 587,506 MT in 2017 and 771,494 MT in 2018. The fertile soil, hot & dry climate, and moderately cold winters offer the ideal growing conditions for the pistachios in North America. Accordingly, the United States, Turkey, and Iran hold 95% of crop production worldwide. Turkey and Greece are the significant pistachio exporters to the United States market despite the considerable production to meet the domestic demand. In contrast, China, Germany, and Spain are the major importers of pistachio from the United States, with Turkey and China being the major exporters and importers, respectively.
Key Market Trends
Progressive Demand For Healthy Snacks
The pistachios have many advantages, including reduced risk of cardiovascular diseases and diabetes, improved digestion system, immune system, and nervousness, which is also helpful in improving body metabolism. One of the major trends witnessed in the global pistachio market is that various food producers, especially in snacks and dessert fields, are shifting their attention towards winding out pistachio-flavored products, in a bid to benefit on flavor. The changing consumer lifestyle, rapid urbanization, high disposable income, are progressing the demand for on the go healthy convenience foods and snacks. Altering food consumption behavior among consumers, improved willingness to spend are the results of rapid urbanization, in turn, is increasing the disposable income among consumers leading to increased spending of the final consumer on such a healthy snacks segment. These products are earning praises of vegan and highly health-conscious consumers. Hence these factors tend to drive the pistachio market globally.
North America is Leading the Market in Terms of Production
According to the International Dried Fruits and Nuts Council, North America is the largest producer of pistachio worldwide and holds 58% in 2018, accounting for 450,794 MT production. The United States was the top exporting country in 2017, accounting for 46% of world exports, up 46% from 2016, and the main markets for United States pistachios were China (52%) and the European Union (31%). Turkey and Greece are the countries that export pistachio to the United States market to support domestic demand. The fertile soil, hot & dry climate, and moderately cold winters offer the ideal growing conditions for the pistachios in North America. The rising demand for natural and low-sugar snack items, changes in consumption patterns, food requirements, and an inclination toward vegetarian products for protein sources in the region are driving the Pistachio market in North America.
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