The pistachio market - Italy

The global pistachio market has been experiencing significant growth since 2020, characterized by a rising demand from health-conscious consumers who regard pistachios as a nutritious snack. Specifically, the market value increased from $3,907.07 million in 2021 to an estimated $5,282.52 million by 2029, with a CAGR of 3.7%. The United States spearheaded production with about 67% of the world's pistachios between 2021 and 2022, followed by Iran (17%) and Turkey (11%).

Meanwhile, Italy, a key player for its high-quality pistachios, particularly from the Bronte region, has increased its production from 38.64 thousand quintals to over 41 thousand quintals in 2022. In terms of trade, Italy's pistachio imports and exports rose by 44.04% and 37.32%, respectively, from 2020 to 2022, reflecting a solid domestic demand that outstrips local production. However, the country remains a net importer, with the United States and Turkey being the main sources of these imports. The Italian market also saw a rise in derivative pistachio products, with significant growth in sectors like ice creams and sweets. Despite the positive trend, the market faces challenges like the raw material price hike, which saw pistachio prices climb from €13.00/kg in May 2022 to €15.00/kg in June 2023, a 15.38% increase.

Exploring the Evolving Demand for Pistachios in Italy

Italy's affection for pistachios is more than just a passing fad; it's woven into the fabric of their culinary tradition. Representing a smaller yet significant segment of the households' fruit and vegetable expenditures, pistachios have carved out a special place within the Italian market. In 2022, these vibrant green nuts constituted nearly 5.6 percent of Italian households' agri-food purchases by value, showcasing their steady presence within the diet of the population. Within the nut category, pistachios stand proudly in the fifth position, capturing about 12 percent of the total nut sales. This is no small feat considering the competition from other nuts in the market. But it's not just the sales that are impressive; the average monthly expenditure on nuts by Italian households has seen an upward trajectory.

From 2015 to 2021, spending increased by approximately 30 to 35 percent, from around 3 to 4 euros to about 4 to 5 euros, signaling a growing demand for these nutritious snacks. However, it's not just the crunch and flavor that keep Italians reaching for more pistachios; health benefits play a significant role in driving demand. Recognized for their contributions to cardiovascular health, reduction of bad cholesterol, and rich nutritional profile, pistachios are revered as a superfood among health-conscious consumers. Their versatility in cuisine further enhances their appeal, with their incorporation into various dishes including desserts, pasta, and as a standalone snack. As the preference for pistachios spreads across Italy, the northern region appears to lead the charge, with households spending about 5 euros per month. The central region follows suit with nearly 5 euros, while the southern part of Italy trails with spending just shy of 4 euros on average. This demand isn't static throughout the year though, with autumn emerging as the favored season for pistachio indulgence for about 75 to 80 percent of consumers, closely followed by winter. What's fascinating is the diverse ways in which Italians enjoy their pistachios—from afternoon snack sessions and aperitifs to dinner times—displaying the nuts' ability to adapt to any culinary context. Interestingly, the stage for pistachio consumption is predominantly set within the intimate confines of home, with more than 60 percent preferring to enjoy their nutty delights there. Still, a notable proportion of around 10 to 15 percent savor them outside, indicating that pistachios are not just a household.

Key Contributors to the Italian Pistachio Market

Italy's pistachio market flourishes with a host of significant contributors, from cultivators of the land to expert processors who nurture and transform the green gold into a variety of delectable products. These major players hold a strong presence in the market, not only due to their production capacities but also because of their dedication to quality and innovation. Here's an overview of the notable companies that are making impactful strides in the industry:

• Boscia' Società Agricola S.R.L. Nestled at the foot of Mount Etna, Boscia' Società Agricola is one of the veterans in cultivating Bronte pistachios. As part of the Madero Quality group, it not only focuses on production but also has a robust distribution network that extends beyond European borders.
• Agricole Brontese S.R.L. With its roots in the lush landscapes of the Naso region, Agricole Brontese has transitioned from a small family venture to a brand recognized for its high-quality pistachios. Their "LOCHI" pistachios, cultivated on the volcanic terrains of Mount Etna, have captured the essence of the locale in their rich flavor profile.
• L'agricola di Nunzio Cartillone This company is more than just a pistachio producer. It embodies the traditional methods of harvesting where each nut is picked by hand due to the challenging terrain. It's a testament to the artisanal spirit that pervades the Italian pistachio sector.
• Antichi Sapori dell'Etna S.R.L. Embracing the rich Sicilian heritage, Antichi Sapori dell'Etna is a key player in the processing arm of the industry. With a specialization in crafting a range of pistachio-based products, from pastes to confections, they combine modern production techniques with age-old recipes.
• Anastasi S.R.L. Leading the way in pistachio processing and marketing, Anastasi has carved a niche for itself primarily in the B2B market. It's an enterprise that can be credited with popularizing Italian pistachios globally, primarily across European markets.
• Antonino Caudullo S.R.L. A story that began in 1949 with Antonino has carried forward to today through his sons Nunzio and Alberto.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 07/09/2023

Summary and extracts

List of charts

• Market value of pistachios
• Pistachio production
• Pistachio production
• Import - export of pistachios
• Main countries of origin of pistachio nut imports
• Main export destinations of pistachio nuts
• Consumer price index for the whole community
• Consumer price index for the whole community for food and non-alcoholic beverages
• Composition of household fruit and vegetable purchases
• Breakdown of nut purchases by value
• Average monthly household spending on dried fruits and nuts
• Total cultivated area pistachios
• Number of enterprises active in the wholesale trade of preserved fruits and vegetables
• Average price pistachios
• Seasonality in the consumption of pistachios