Macadamia is a lesser-known nut. It is endemic to Australia, especially in the New South Wales and Queensland states. The two nontoxic species used for consumption are Macadamia integrifolia and Macadamia tetraphylla, and they belong to the family Poaceae. In the macadamia market, together with several micro and macronutrients, macadamia carries excessive amounts of unsaturated fats, which are considered beneficial for health. It also carries palmitoleic acid, which is seldom detected in other fruits.
The Market Insight
The global macadamia market was valued at USD 1.52 billion in 2022 and is expected to grow at USD 3.70 billion with a CAGR of 9.3% during the forecast period 2032.
The people's increasing comprehension of macadamia's health benefits has been a crucial element in the industry's augmentation. They are also utilized to generate a growingly well-comprehended macadamia oil, which is approved by both consumers and companies. Global tree nut production, as per the International Nut & Dried Fruit Organization, has escalated notably over the last ten years, extending over 5.3 million MT in season 2020-21, up to 15% from 2019-20 and 65% from 10 years ago. In the macadamia market, several advantages of macadamia include its excessive nutrient content, probable heart health advantages, affluence in antioxidants, and more. These advantages are rendering macadamia nuts significantly liked and will boost the growth of the business.
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People who are not allergic to macadamia nuts can relish them every day. They assist in safeguarding the brain, lessen the probability of heart disease, and prevent hunger. In the macadamia market, some people utilize macadamia nut oil in cooking as it is high in beneficial fats. It’s also feasible to use the nuts in salads to restore escalated fat alternatives such as croutons.
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