The pistachio market - Italy

Pistachio is the edible seed of the Pistacia vera tree, known for its deep green color and delicately sweet flavor. Enclosed in a hard shell that opens when it reaches maturity. One of the main factors fueling the development of the pistachio market is the growing interest in health and wellness. This, along with the growing trend toward plant-based proteins, has increased the popularity of pistachios. The global pistachios market reached about US$4.15 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 4.0 percent between 2024 and 2032, reaching a value of about USD 5.91 billion by 2032. This represents an overall increase of 36.8% over the period. With a compound annual growth rate (CAGR) of 3.78 percent, the European pistachio market will grow from US$1,062.14 million in 2023 to US$1,377.13 million in 2030, representing an overall increase of 29.7 percent . Lhe increased awareness regarding the health benefits and high antioxidant content of pistachios has contributed significantly to the growth in demand. With a compound annual growth rate (CAGR) of 3.78 percent, the Italian pistachio market will grow 29.7 percent by 2030. In terms of market structure, we observe expansion and attractiveness for new entrants, as evidenced by the increase in active enterprises and workforce.