In 2024, the Australian peanut butter market increased by 3% to $138M for the first time since 2021, thus ending a two-year declining trend. In general, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +4.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -15.7% against 2021 indices.

The Australia peanut butter market size reached USD 151.85 Millionin 2024. The market is expected to grow at a CAGR of 3.67% between 2025 and 2034, reaching almost USD 217.74 Million by 2034.

Learn about the projected growth of the peanut butter and groundnuts market in Australia, with a forecasted increase in both volume and value over the next decade.

Learn about the projected growth in the Australian market for peanut butter and groundnuts, with an expected increase in consumption over the next decade.

Discover the latest trends in the Australian peanut butter and groundnuts market, with a forecasted increase in consumption over the next decade. Market performance is expected to see steady growth with a projected volume of 57K tons and a value of $206M by 2035.

In 2024, after two years of decline, there was growth in the peanut butter market in Australia and Oceania, when its value increased by 3.7% to $178M. The total consumption indicated a noticeable increase from 2012 to 2024: its value increased at an average annual rate of +3.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -12.3% against 2021 indices.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The average peanut butter import price stood at $2,408 per ton in March 2025, dropping by -3.5% against the previous month.

The size of the Australia Snack Bar Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.69% during the forecast period. A snack bar is a convenient and versatile food product designed to provide quick nutrition and satisfy hunger between meals. Typically packaged in individual servings, snack bars are available in various flavors and formulations to cater to diverse dietary needs and preferences. They can be made from a combination of ingredients, including grains, nuts, seeds, fruits, and sweeteners, often fortified with vitamins, minerals, and protein to enhance their nutritional profile. Snack bars have gained immense popularity in recent years, particularly among health-conscious consumers seeking convenient options that align with their active lifestyles. They are often marketed as energy bars, protein bars, granola bars, or meal replacement bars, each targeting specific consumer segments. For instance, energy bars are designed to provide a quick boost of energy for athletes and active individuals, while protein bars cater to fitness enthusiasts looking to increase their protein intake. The appeal of snack bars lies in their portability and ease of consumption, making them a go-to choice for people on the move. They are commonly consumed during various occasions, such as breakfast on the go, post-workout recovery, or as a midday snack at the office. Additionally, the rise of dietary trends, such as gluten-free, vegan, and organic eating, has led to a proliferation of specialty snack bars that cater to specific dietary restrictions or preferences. This growing market has attracted a range of brands, from established food companies to innovative startups, each vying for consumer attention with unique flavors, textures, and health claims. Recent developments include: June 2022: Carman's, an Australian snack food company, released two limited-edition cereal bars with glow-in-the-dark packaging. Honeycomb Choc Top and Cookies & Cream Choc Top are two flavors. Each bar includes less than 4g of sugar and is made entirely of Australian oats, with no artificial flavors, colors, or nuts., Oct 2021: Tasti Products Ltd was expanding its business operations in Australia with the latest product, Tasti Indulge Bar, a combination of oats and rice with three different flavors, namely Choc Caramel, Double Chocolate, and Cookies & Cream. The expansion planned to hold a prominent share of the Australian snack bar market with gluten-free, healthy, and innovative snack bar products., February 2021: Mars launched its snack bar brand KIND in Australia. The product range has ingredients like fruits and nuts, and whole grains. These bars are gluten-free and contain no artificial colors, flavors, and preservatives. The new bars are available in variants such as dark chocolate nuts and sea salt, caramel almond & sea salt, peanut butter dark chocolate, almond & coconut, kind protein - crunchy peanut butter, and dark chocolate nut.. Key drivers for this market are: Increasing demand of Clean Label and Free-From Food such as Gluten- free products, Health benefits associated with gluten-free food products and Beverages.. Potential restraints include: High prices of gluten-free food products and beverages.. Notable trends are: Demand for Clean Label and Free-From Snacking Products.

Macadamia Nuts Market Outlook

The global macadamia nuts market size was valued at approximately $1.2 billion in 2023 and is projected to reach nearly $2.5 billion by 2032, growing at a CAGR of 8.3% from 2024 to 2032. The growth of this market is primarily driven by increasing consumer awareness about health benefits, rising demand for plant-based and organic products, and expanding applications in various industries such as food and beverages, cosmetics, and pharmaceuticals.

One of the key growth factors for the macadamia nuts market is the increasing consumer preference for healthy snacks. As consumers become more health-conscious, there is a rising demand for nutritious and natural foods, including nuts. Macadamia nuts, known for their rich nutritional profile, including healthy fats, vitamins, and minerals, have gained popularity as a healthy snack option. This trend is expected to continue, driving the market growth over the forecast period.

Another significant growth driver is the expanding application of macadamia nuts in the food and beverages industry. Macadamia nuts are used in a variety of products such as baked goods, confectioneries, and dairy alternatives due to their unique flavor and texture. The growing trend of plant-based diets and the increasing demand for vegan products have further boosted the usage of macadamia nuts in food formulations. This has opened new avenues for market expansion and is expected to contribute significantly to market growth.

Moreover, the cosmetics and personal care industry has shown a growing interest in macadamia nuts due to their skin and hair benefits. Macadamia nut oil, known for its moisturizing and anti-aging properties, is increasingly being used in skincare and haircare products. The rising awareness about natural and organic beauty products is driving the demand for macadamia nut oil, thereby supporting the growth of the macadamia nuts market.

Regionally, the Asia Pacific region holds a significant share of the macadamia nuts market and is expected to continue its dominance during the forecast period. The region's large consumer base, growing disposable income, and increasing health awareness are key factors contributing to market growth. Additionally, the presence of major macadamia nut-producing countries, such as Australia, further strengthens the market in this region.

Product Type Analysis

The macadamia nuts market can be segmented based on product type into raw, roasted, flavored, and others. The raw segment holds a substantial share in the market due to the high demand for natural and unprocessed nuts. Raw macadamia nuts are preferred by health-conscious consumers who seek minimally processed foods with no added ingredients. This segment is expected to witness significant growth owing to the rising trend of clean eating and natural food products.

The roasted segment is another prominent category in the macadamia nuts market. Roasted macadamia nuts are popular among consumers for their enhanced flavor and crunchy texture. The growing availability of various roasted macadamia nut products, including salted and unsalted variants, is driving the growth of this segment. Additionally, the increasing use of roasted macadamia nuts in culinary applications, such as salads and desserts, is further boosting their demand.

The flavored segment is gaining traction in the market, offering a wide range of taste options to consumers. Flavored macadamia nuts, available in an array of flavors such as honey, chocolate, and chili, cater to the diverse taste preferences of consumers. The innovation in product offerings and the introduction of new and exotic flavors are expected to drive the growth of this segment. The flavored segment appeals particularly to younger consumers looking for unique and indulgent snack options.

Lastly, the 'others' segment includes macadamia nut products that do not fall into the raw, roasted, or flavored categories. This can include macadamia nut butter, macadamia nut oil, and other processed forms of the nut. The increasing application of macadamia nut oil in the cosmetics and personal care industry is a major factor driving the growth of this segment. The versatility of macadamia nuts in various formulations and their numerous health benefits are expected to sustain the growth of this segment.

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