Global [FURL=https://www.industryarc.com/Research/Global-Macadamia-Market-Research-513208?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Macadamia Market[/FURL] size is estimated to reach $2.17 Billion by 2026, growing at a CAGR of 9.2% during the forecast period 2021-2026. Macadamia is a genus of four species of trees indigenous to Australia and is a constituting part of the family Proteaceae. Macadamia nuts are round and have a leathery and thick husk that splits alongside during the ripening process. Macadamia nut is considered as a valuable food crop and is a rich source of essential nutrients. Increase in the demand for macadamia in food and beverages and cosmetic industry, growing awareness about the health benefits of nuts and dried fruits, increase in the government initiatives, growing demand for macadamia oil in the pharmaceutical industry and increase in the demand for natural products are the factors that are set to drive the growth of the global market for the forecast period 2021-2026.Key Takeaways
Geographically, Asia-pacific Macadamia Market accounted for the highest revenue share in 2020 and it is poised to dominate during the forecast period 2021-2026 owing to the growing demand for macadamia in the cosmetic industry.
The growing demand for raw macadamia in the food and beverages industry is propelling the demand for raw segment.
Fluctuations in the supply of macadamia is one of the major factors which is said to reduce the growth of Macadamia Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Macadamia Market report.
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Global Macadamia Market Drivers
Increase in the demand for macadamia in the cosmetic industry
There is a rapid increase in the demand for macadamia in the cosmetic industry owing to its softening effect. It quickly penetrates the epidermal of the skin and also became an essential component of various skin care, moisturizing and anti-aging products, which is propelling the growth of the Macadamia Market.
Growing awareness regarding the benefits of nuts and dried fruits
The growing awareness regarding the benefits of nuts and dried fruits is one of the major factors driving the growth of the market. Macadamia is a rich source of numerous essential nutrients and is also known to lower heart disease risks, which is making the customers attract towards macadamia nuts.
Macadamia Market. top 10 companies are Buderim Group Limited, Hamakua Macadamia Nut Company, Hawaiian Macadamia Nut Orchards, L.P., North Shore Macadamia Nut Company, Makua Coffee, Superior Nut Company Inc, T.M. WARD COFFEE COMPANY, MacFarms, Nambucca Macnuts Ltd, and Kenya Nut Company Ltd among others.
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