The pistachio is a tree nut that grows on the branches of pistachio trees. Originated from central Asia, pistachio is a seed of the pistachio tree belonging to the cashew family. It is widely consumed as a snack and used in baking foods such as ice creams, bakery products, candy etc. owing to its amazing health benefits. Pistachios contain essential nutrients like proteins, dietary fiber, vitamin B6, thiamin, phosphorus, etc. This makes pistachios an enriched source of energy.

The global Pistachio Market is estimated to be valued at US$ 46.49 million in 2024 and is expected to exhibit a CAGR of 11 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The global Pistachio Market is expected to be flourished by the growing demand for nutritional foods across the globe. People are widely adopting healthy snacks and nutritious bakery products for meeting their nutritional requirements. Pistachios contain monounsaturated fatty acids that help in reducing bad cholesterol (LDL) levels and increasing good cholesterol (HDL) levels. Additionally, pistachios are rich in antioxidants like β-carotene and lutein that protects cells from free-radical damage.

Market Dynamics:

Growing Demand for Nutritional Foods: The growing awareness regarding health benefits of consuming nuts and dried fruits has triggered the demand for nutritional foods across the globe. Pistachios are packed with nutrients and contain zero cholesterol. Moreover, increasing cases of chronic diseases due to unhealthy eating habits have prompted consumers to adopt healthy snacking options like pistachios. This growing demand for nutritional foods is supporting the growth of the global pistachio market.

Segment Analysis

The global pistachio market is segmented on the basis of form, application, and geography. Based on form, the market has been divided into shelled and inshell. Currently, the shelled pistachio segment dominates the market as shelled pistachios are more convenient to consume as a snack or use in cooking and baking applications. Based on application, the market has been classified into bakery & confectionery, dairy products, snacks & savories, breakfast cereals, desserts & ice-cream, and others. The bakery & confectionery segment accounts for the largest share in the market owing to growing demand for nut-based bakery products and confectionary items such as bakery biscuits, chocolates, candy bars, and others that use pistachios.

PEST Analysis

Political: Currently, major pistachio producing countries have supportive policies and regulations regarding pistachio cultivation and exports. However, any changes in trade agreements can affect imports and exports.
Economic: Rising disposable incomes, growing health consciousness, and expanding food processing industry are fueling the demand for pistachios globally. The economic growth in developing nations is also propelling the market.

Social: Increasing awareness about the nutritional benefits of nuts including pistachios is positively impacting the market. Their usage in gourmet culinary applications and as healthy snacks drives their social acceptance.
Technological: Adoption of advanced ripening, drying, shelling, and sorting technologies allow efficient production and quality improvement of pistachios. New product development technologies are also expanding pistachio applications.

Key Takeaways

The global Pistachio Market Growth  is expected to witness high growth over the forecast period supported by rising health awareness, increasing usage in various food applications and expanding distribution channels. The global pistachio market is estimated to be valued at US$ 46.49 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.

Regionally, the market in North America dominates currently due to strong demand particularly in the U.S. Other major markets include Europe and the Middle East and Africa region. Changing snacking trends, immense usage of pistachios in confectionery, bakery, dairy and other products are fueling the market growth in the region.

Key players:

Key players operating in the pistachio market are Merck KGaA, OriGene Technologies, and American Hamster. Merck KGaA is one of the leading players and offers a wide range of pistachios and related products. OriGene Technologies supplies high quality pistachios and extracts for research applications. American Hamster is a major pistachio grower and exporter in the U.S.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it