Pistachio nuts are low in calories and fat. However, they have significant amounts of protein. They can also elevate blood pressure. Pistachios are a popular snack food that can be used in a variety of ways. Besides serving as an excellent addition to a salad, they can be used in baking. They have a high content of fiber. And they're packed with anti-inflammatory compounds like anthocyanins and flavonoids. And their high level of fiber makes them a healthy snack choice. Pistachios Market may lower blood pressure. One study reviewed 21 studies and found that eating pistachios reduced the upper limit of blood pressure by 1.82 mm/Hg.
Market Dynamics:
Rising use of pistachio as a flavoring substance along with increasing consumption of it as snacks is expected to propel growth of the global pistachio market over the forecast period. With increasing awareness about benefits of pistachio, its use as snack is increasing and it is used as flavoring in various bakery products. For instance, in May 2021, Wonderful Pistachios, a snack company launched two new flavors of shelled nuts that are Wonderful Pistachios No Shells BBQ and Sea Salt & Vinegar flavors.
However, high price compared to other nuts and contamination occurring in pistachios due to carcinogenic substances which is projected to hinder growth of the global pistachio market over the forecast period.
Impact of COVID-19:
COVID-19 impacted the pistachio market directly and adversely. The demand for this nut declined during the pandemic. People had to stay inside as many countries after the COVID-19 outbreak implemented stringent lockdown regulations. Supermarkets were closed down during this period, and supply chains and distribution channels were also disrupted during the pandemic. Due to all these reasons, the global pistachio market witnessed negative impact of the pandemic. However, the pandemic situations is going back to normal which is likely to support growth of the market.
Key Takeaways:
- The global pistachio market is estimated to grow, with a CAGR of % over the forecast period due to increasing demand for pistachio in the cosmetic and food industry across the globe. For instance, in July 2021, Three Trees launched Plant-Based Pistachio Nut Milk made from only five ingredients including organic California pistachios.
- Among regions, Europe is anticipated to witness significant growth in the global pistachio market over the forecast period. This is due to healthy snaking and eating habits are becoming popular across the region.
- Key players functioning in the global pistachio market include The Pistachio Co Food Trading LLC., Whistler Foods, Setton Pistachio of Terra Bella, Inc., Houston Pecan Company, Germack Pistachio Company, Meridian Growers LLC, Wonderful Pistachios & Almond Company LLC, Sierra Nut House, Rasha Pistachio Co., and Bates Nut Farm.
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