Key Facts & Players
Global in-shell pistachio production is about 1 to 1.2 million metric tons, mainly from the U. S., Iran, and Turkey. The U. S. reached a record output of ~677,830 tonnes in 2023-24.
Demand, Consumption & Markets
Global consumption has increased by about 5.1% yearly from 2013 to 2024. Key areas include the U. S., Turkey, China, the EU, and India. The U. S. is the largest market and exporter of pistachios.
Pricing, Supply, and Challenges
Prices are unstable due to factors like crop cycles and weather, particularly water supply issues in California. Recent supply shocks and rising demand from trends affect production, while consumers want quality and traceability.
Trends & Innovations
The text discusses trends in the nut market, including premiumisation through higher-end and organic products, diversification in uses like baked goods and dairy, a focus on health benefits, and improvements in supply chain technology and quality control.
Forecasts & Market Size
The market value for wholesale prices is projected to reach about US$13.3 billion by 2035, with growth slowing. CAGR is estimated at 1.7-2.5%. Higher estimates suggest 3-5% growth, especially for premium or organic pistachio products.
Risks & Uncertainties
Climate change poses risks like droughts and water shortages in key areas, affecting pistachio yields. The alternating good and low years result in an unstable supply. Trade issues, quality control, and rising prices can further decrease demand for pistachios.
